Current Report
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): November
23, 2005 (November 17, 2005)
AMERICAN
TECHNOLOGY CORPORATION
(Exact
Name of Registrant as Specified in Charter)
|
Delaware
|
000-24248
|
87-0361799
|
|
(State
or Other Jurisdiction of Incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification
No.)
|
|
13114
Evening Creek Drive South, San Diego,
California
|
92128
|
|
(Address
of Principal Executive Offices)
|
(Zip
Code)
|
Registrant’s
Telephone Number, Including Area Code: (858)
679-2114
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
November 17, 2005, our board of directors approved the appointment of Mr.
Alan
J. Ballard as our Vice President, Government and Military Division. Mr.
Ballard,
age 50, joined American Technology Corporation in January 2004 and has
held
various positions in our Government Group, most recently Senior Director
of U.S.
Military Sales, Government and Force Protection Group. From January 2001
to
December 2003, Mr. Ballard was a senior engineer and project manager with
Bath
Iron Works, a subsidiary of General Dynamics Corporation. Prior to joining
Bath
Iron Works, Mr. Ballard was an officer in the United States Navy with over
23
years of service prior to his retirement in September 2000. Mr. Ballard
has a
B.S. in civil engineering from Old Dominion University. There were no
arrangements or understandings between Mr. Ballard and any other person
pursuant to which Mr. Ballard was selected as an executive officer. There
are no family relationships between Mr. Ballard and any of our directors
and executive officers. Except as described below, there are no transactions
between Mr. Ballard and American Technology Corporation in which
Mr. Ballard has a direct or indirect material interest which we are
required to report.
Mr.
Ballard's employment is terminable at-will by us or by Mr. Ballard for
any
reason, with or without notice. Mr. Ballard's annual salary is $145,000,
and he
participates in bonus, benefit and other incentives at the discretion of
the
compensation committee of our board of directors.
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.
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AMERICAN
TECHNOLOGY CORPORATION |
|
|
|
| Date:
November
23, 2005 |
By: |
/s/ MICHAEL
A. RUSSELL |
| |
|
| |
Michael
A. Russell
Chief Financial Officer |