UNITED STATES
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 14, 2007 (June 8, 2007).
SYSVIEW TECHNOLOGY, INC.
(Exact name of registrant as specified in its charter)
Delaware 000-25839 59-3134518
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1772 Technology Drive, San Jose, California 95110
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (408) 436-9888 Ext. 207
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Not Applicable
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(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 (SEE General 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 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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SECTION 5 - CORPORATE GOVERNANCE AND MANAGEMENT
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On June 8, 2007, the board of directors of Sysview Technology, Inc. (the
"Company") elected William Hawkins as a member of the board of directors,
effective immediately, to serve from the date of election until a successor is
duly elected and qualified.
Mr. Hawkins is also presently, and has been since his appointment on April 2,
2004 in connection with the Company's acquisition of Syscan, Inc., the Company's
Chief Operating Officer and Secretary, and, since his appointment on April 1,
2005, the Company's interim Chief Financial Officer. Mr. Hawkins has held
various management positions at Syscan, Inc., the Company's wholly-owned
subsidiary, since 1999, including V.P. of Sales and Marketing, President and
General Manager Syscan Imaging Group. Prior thereto, Mr. Hawkins' product focus
has been primarily in the imaging systems and computer peripheral markets,
including senior positions with General Electric (UK), Kaman Aerospace, British
Aerospace Engineering, Gartner Research and Per Scholas. Mr. Hawkins received a
bachelor's degree in physics from the University of Maryland in 1978 and an MBA
from Johns Hopkins University in Management of Technology Concentration (MOT).
In April 2005, in connection with his services as Chief Operating Officer, the
Company entered into a three-year employment agreement with Mr. Hawkins pursuant
to the terms of which he is to receive an annual salary of $160,000 and an
annual bonus to be determined by the Company's board of directors. In connection
with the agreement, Mr. Hawkins was issued non-qualified options to purchase up
to 1,000,000 shares of the Company's common stock at an exercise price of $0.01
per share. One-third of the options vested immediately upon the execution of the
employment agreement, one-third vested on April 3, 2006 and one-third vested on
April 2, 2007. The agreement also provides for Mr. Hawkins' ability to
participate in the Company's health insurance program, and, in the event that
Mr. Hawkins' employment is terminated for other than with good cause, he will
receive a payment of the lesser of his then remaining salary due pursuant to the
employment agreement or six months of base salary at his then current annual
salary.
SIGNATURE
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.
Date: June 14, 2007
SYSVIEW TECHNOLOGY, INC.
By:
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Darwin Hu
President & Chief Executive Officer