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Quotes & Info
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| BFRE.OB > SEC Filings for BFRE.OB > Form 8-K on 8-Mar-2007 | All Recent SEC Filings |
8-Mar-2007
Change in Directors or Principal Officers, Financial Statements and Ex
On March 7, 2007, BlueFire Ethanol Fuels, Inc. ("Company") issued a press release announcing that its Board of Directors has appointed Christopher Scott as its Chief Financial Officer effective March 16, 2007. A copy of the press release is being filed as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference in its entirety.
Effective March 16, 2007, in connection with Mr. Scott's appointment as the Company's CFO, the Company and Mr. Scott entered into an at-will letter Employment Agreement containing the following material terms: (i) initial monthly salary of $7,500, to be raised to $10,000 on the earlier of April 30, 2007 or receipt by the Company of a qualified investment financing, and (ii) standard employee benefits.
Effective March 16, 2007, the Company and Mr. Scott have entered into a Consulting Contract for information technology rollout services for a one year term, or earlier upon the termination of Mr. Scott's employment agreement. The Company will issue Mr. Scott's consulting firm 50,000 shares of it restricted common stock as compensation vested in four tranches through December 1, 2007.
(d) Exhibits.
99.1 Press release, dated March 7, 2007, issued by the Company.
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