8-K
APPLIED ENERGETICS, INC. (AERG)
UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWASHINGTON, DC 20549
FORM 8-K
CURRENTREPORT PURSUANT
TOSECTION 13 OR 15(D) OF THE
SECURITIESEXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) September 1, 2020
APPLIED ENERGETICS, INC.
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
| 001-14015 | 77-0262908 |
|---|---|
| (Commission File Number) | (IRS Employer Identification No.) |
| 2480 W Ruthrauff Road, Suite 140 Q, Tucson, Arizona | 85705 |
| --- | --- |
| (Address of Principal Executive Offices) | (Zip 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 communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| --- | --- |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17<br>CFR 240.14d-2(b)) |
| --- | --- |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17<br>CFR 240.13e-4(c)) |
| --- | --- |
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 Stock, par value, $.001 | AERG | OTCQB |
Item 8.01 – Other Events
On September 1, 2020, Applied Energetics, Inc. completed the repurchase of 5,000,000 shares of its common stock, par value $0.001 per share, from Stephen W. McCahon, the company’s Chief Scientist, for a purchase price of $0.06 per share or an aggregate of $300,000. This repurchase was required pursuant to the Consulting Agreement, dated as of May 24, 2019, by and between the company and SWM Consulting, LLC, a limited liability company wholly owned by Dr. McCahon, as part of the consideration for Dr. McCahon’s services as Chief Scientist.
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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<br>Chief Executive Officer |
Date: September 1, 2020
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