SEC Filing Summary: Probe Manufacturing, Inc. (Form 8-K)
Business Context and Reporting Period
This Current Report (Form 8-K) was filed by Probe Manufacturing, Inc. on March 26, 2008, covering events occurring on February 28, 2008. The registrant is incorporated in Nevada with principal executive offices in Lake Forest, CA. Note: The input metadata references "Clean Energy Technologies, Inc.," but the filing text explicitly identifies the registrant as "Probe Manufacturing, Inc."
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on a material definitive agreement regarding executive compensation.
Material Changes and Agreements
On February 28, 2008, the Company entered into an employment agreement with John Bennett, its Chief Financial Officer. Key terms include:
- Annual Salary: $140,000
- Stock Options: Option to purchase 100,000 shares of common stock
- Exercise Price: $0.10 per share
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies beyond the execution of the employment agreement.
Investor Verification Checklist
- Verify the correct registrant name (Probe Manufacturing, Inc.) versus the metadata label (Clean Energy Technologies, Inc.).
- Confirm the total number of authorized shares and the impact of the 100,000 new options on dilution.
- Review the full text of Exhibit 10.1 (Employment offer letter) for termination clauses or performance conditions not summarized here.
- Check subsequent filings for the actual issuance of the stock options.