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): May 28, 2008
ACCESS PLANS USA, INC.
(Name of business issuer in its Charter)
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| OKLAHOMA
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001-15667
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73-1494382 |
(State or other jurisdiction of
incorporation or organization)
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(Commission File
Number)
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(I.R.S. Employer
Identification No.) |
4929 Royal Lane, Suite 200
Irving, Texas 75063
(Address of principal executive offices)
(866) 578-1665
(Issuer’s telephone number)
Former Name:
Precis, Inc.
2040 North Highway 360
Grand Prairie, TX 75050
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
obligation of registrant under any of the following provisions (See General Instruction A.2 below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Securities Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
PRECIS
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| Item 5.02 |
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Departure of Directors or Certain Officers, Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain Officers. |
(b) Robert L. Bintliff resigned from his position as our Chief Financial Officer
effective May 28, 2008.
(c) Ian R. Stuart was appointed as our Chief Financial Officer effective May 28, 2008.
Ian R. Stuart, 51, has served as our Interim President and Chief Executive
Officer since August 20, 2007 and as our Chief Operations Officer since January
30, 2007. He had previously served as the Chief Financial Officer and Chief
Operating Officer of Insurance Capital Management USA, Inc. (“ICM”) from
October 2004 until its merger with us on January 30, 2007. Prior to joining
ICM, Mr. Stuart was employed by Citigroup, from 1991 to 2004, principally in
various divisional chief financial officer roles in its insurance, banking and
commercial leasing businesses. Mr. Stuart began his professional career as an
accountant in London, England in 1977 and held several positions at Price
Waterhouse from 1981 to 1991. Mr. Stuart completed a Hatfield College (England)
accounting program in 1976.
No changes have been made to our existing compensation arrangement with Mr.
Stuart.