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 4, 2007
VoIP,
Inc.
(Exact
name of registrant as specified in its charter)
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Texas
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000-28985
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75-2785941
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(State
of Incorporation)
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(Commission
File No.)
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(IRS
Employer Identification No.)
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151
So. Wymore Rd., Suite 3000 Altamonte Springs, Suite 32714
(Address
of principal execute offices, including zip code)
(407)
389-3232
(Registrant's
telephone number, including area code)
N/A
(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):
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 Exchange 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))
Item
1.01 Entry into a Material Definitive Agreement.
See
Item
5.02 below.
Item
5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On
September 14, 2006, the Company and Anthony Cataldo (Chief Executive Officer)
and Shawn Lewis (Chief Operating Officer) each executed an employment agreement
or related amendment, as disclosed in the Company’s quarterly report on Form
10-Q filed on November 17, 2006. Among other things, these September 14, 2006
agreements provided that Mr. Cataldo and Mr. Lewis were entitled
to receive additional options to assure that they have the right to maintain
beneficial ownership of the Company’s common stock in the equivalent of a
minimum of 5% and 8%, respectively, of the issued and outstanding shares of
our
common stock. On
May 4,
2007, the Company and Mssrs. Cataldo and Lewis each executed amendments to
their
employment agreements that entitle them to instead receive additional common
stock grants to assure that they have the right to maintain beneficial ownership
of the Company's common stock in the equivalent of a minimum of 5% and 8%,
respectively, of the fully diluted (issued, options, warrants, and all preferred
conversions) shares of the Company’s common stock.
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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| Date:
May 11, 2007 |
VoIP,
INC.
(Registrant)
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By: |
/s/ Robert
Staats |
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Robert
Staats
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Chief Accounting
Officer
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