SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(D) OF
THE
SECURITIES EXCHANGE ACT OF 1934
Date
of
Report (Date of earliest event reported): June
22, 2007
ZOOM
TECHNOLOGIES, INC.
(Exact
name of registrant as specified in its charter)
Delaware
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0-18672
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51-0448969
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(State
or other
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(Commission
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(IRS
Employer
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jurisdiction
of
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File
Number)
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Identification
No.)
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incorporation)
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207
South Street, Boston, MA 02111
(Address
of principal executive offices, including zip code)
(617)
423-1072
(Registrant’s
telephone number, including area code)
(Former
name or former address, if changed since last report)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
o |
Written
communications pursuant to Rule 425 under the Securities
Act
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o |
Soliciting
material pursuant to Rule 14a-12 under the Exchange
Act
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o |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange
Act
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o |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange
Act
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Item
5.02 Compensatory Arrangements of Certain Officers
(e)
On
April
30, 2007, Zoom’s Board of Directors approved, subject to stockholder approval,
an amendment to the Zoom Technologies, Inc. 1990 Stock Option Plan, as amended
(the “1990 Stock Option Plan”), to (i) increase the number of shares reserved
for issuance under the 1990 Stock Option Plan from 3,300,000 to 4,800,000 shares
and (ii) extend the expiration date of the Plan from March 31, 2008 to March
31,
2018.
On
April
30, 2007, Zoom’s Board of Directors approved, subject to stockholder approval,
an amendment to the Zoom Technologies, Inc. 1998 Employee Equity Incentive
Plan,
as amended (the “1998 Plan”), to increase the number of shares reserved for
issuance under the 1998 Plan from 1,200,000 to 2,700,000 shares.
Zoom’s
Board of Directors recommended that the amendments to the 1990 Stock Option
Plan
and the 1998 Plan be submitted to Zoom’s stockholders for their approval.
At
the
Annual Meeting of Stockholders on June 22, 2007, Zoom’s stockholders approved
the amendments to the 1990 Stock Option Plan and the 1998 Plan.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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ZOOM
TECHNOLOGIES, INC.
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Date:
June 25, 2007 |
By: |
/s/ Robert
A.
Crist |
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Robert
A. Crist |
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Chief
Financial Officer |