8-K 1 glgtpetter8k.txt 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) July 21, 2008 GLOBAL GENERAL TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Nevada 000-28417 76-0599457 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 10120 East Eastern Avenue, Suite 200 Henderson, Nevada 89052 (Address of principal executive offices, including zip code) (877) 800-4660 (Registrant's telephone number, including area code) 201 South Biscayne Boulevard, 28th Floor Miami Center Miami, Florida 33131 (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)) Item 1.01. Entry into a Material Definitive Agreement On July 21, 2008, Global General Technologies, Inc. (the "Company") entered into an Employment Agreement (the "Agreement"), effective on July 21, 2008, with J.K. Petter, who was named as President of the Company. The five year Agreement shall be automatically renewed unless written notice is provided to Mr. Petter to the contrary. For the first six months of the Agreement Mr. Petter will receive an initial base salary of $50,000 per year and shall be eligible to receive an annual bonus, together with a profit sharing incentive, as outlined in the Global General Technologies Bonus and Profit sharing plan. On January 1, 2009, and each successive annual anniversary of the Agreement, Mr. Petter's annual salary and bonus shall be increased based on the performance of Mr. Petter as determined by the Board of Directors of the Company. As additional compensation, the Company shall issue to Mr. Petter certain shares of Company common stock (the "Shares") based on the performance of Mr. Petter as defined in the Bonus and Profit sharing plan. All Shares shall be fully vested when issued and delivered. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers Effective as of July 21, 2008, J.K. Petter was appointed by the Company's board of directors to replace Gary Stroud as President of the Company. Mr. Stroud served as interim President of the Company from January 2008 to May 2008. Mr. Petter has 25 years of management experience in both public and private organizations. From June 1989 to December 1995, Mr. Petter served as Western Division Vice President of Operations for ADVO, Inc. (NYSE: AD), a $1 billion direct marketing company, and, prior to ADVO, Mr. Petter served as an executive manager with several different operating companies of the Dun & Bradstreet Corporation (NYSE: DNB) from June 1970 to October 1988. Item 8.01. Other Events On July 15, 2008, the Company announced the hiring of J.K. Petter as President of the Company. Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Employment Agreement, dated July 21, 2008, by and between the Company and J.K. Petter. 99.1 Press Release, dated July 15, 2008. 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. GLOBAL GENERAL TECHNOLOGIES, INC. By: /s/ Robert Reed Robert Reed Chief Executive Officer Date: August 1, 2008 EXHIBIT INDEX Exhibit No. Description 10.1 Employment Agreement, dated July 21, 2008, by and between the Company and J.K. Petter. 99.1 Press Release, dated July 15, 2008.

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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) : April 10, 2008

GLOBAL GENERAL TECHNOLOGIES, INC.

(Exact name of Registrant as specified in its charter)

Nevada	000-28417	76-0599457
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

201 South Biscayne Boulevard, 28th Floor Miami Center

Miami, Florida 33131

(Address of principal executive offices)

1-800-936-3204

(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 (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))

SECTION 8 - OTHER EVENTS

ITEM 8.01 OTHER EVENTS

On April 10, 2006, Global General Technologies, Inc. issued a press release regarding the announcement that it had signed an Asset Purchase Agreement (the “Agreement”) with privately-held SmartWear Technologies, Inc. (“SmartWear”), a security solutions provider offering solutions in the areas of homeland security and personal safety though patented and proprietary Radio Frequency Identification (RFID) and Global Positioning Systems (GPS) based technologies.

A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.

SECTION 9-FINANCIAL STATEMENTS AND EXHIBITS

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(a) Financial Information. Not applicable

(b) Pro forma financial information. Not applicable

Exhibit 99.1 Press Release, dated April 10, 2006

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Dated: April 11, 2008

Global General Technologies, Inc.

By: /s/ Gary T. Stroud

Name: Gary T. Stroud

Title: President

EXHIBIT INDEX

Exhibit

Number Description of Exhibit

99.1 Press Release issued by the Registrant on April 10, 2008

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