8-K - AERG - Equibles

UNITEDSTATESSECURITIES AND EXCHANGE COMMISSIONWASHINGTON, DC 20549

FORM8-K

CURRENTREPORT PURSUANT

TOSECTION 13 OR 15(D) OF THE

SECURITIESEXCHANGE ACT OF 1934

Date of report (Date of earliest event reported) January 1, 2021

APPLIED ENERGETICS, INC.

(Exact Name of Registrant as Specified in Its Charter)

Delaware

(State or Other Jurisdiction of Incorporation)

001-14015	77-0262908
(Commission<br> File Number)	(IRS<br> Employer <br><br>Identification No.)
2480<br> W Ruthrauff Road, Suite 140 Q, Tucson, Arizona	85705
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(Address<br> of Principal Executive Offices)	(Zip<br> Code)

(520) 628-7415

(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 (seeGeneral Instruction A.2. below):

☐	Written<br>communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting<br>material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐	Pre-commencement<br>communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐	Pre-commencement<br>communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company: ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common<br> Stock, par value, $.001	AERG	OTCQB

Item1.01 – Amendment of a Material Definitive Agreement.

Effective January 1, 2021, Applied Energetics, Inc. and Dr. Gregory J. Quarles amended Dr. Quarles’s Executive Employment Agreement. The amendment appoints Dr. Quarles as President of Applied Energetics in addition to his service as Chief Executive Officer. As additional compensation, the amendment also increased Dr. Quarles’s base compensation by $50,000 per year commencing January 2021. The increase is partly to account for the continuous, cross-country travel he is undertaking on behalf of Applied Energetics, particularly in the midst of the Coronavirus pandemic, and is consistent with recommendations made by an outside compensation consultant in an independent analysis commissioned by the Company in October 2020.

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 thereunto duly authorized.

APPLIED ENERGETICS, INC.
By:	/s/ Gregory J. Quarles
	Gregory J. Quarles,
	President and Chief Executive Officer

Date: January 6, 2021