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): December 3,
2007
Spongetech
Delivery Systems, Inc.
(Exact
name of registrant as specified in its charter)
|
Delaware
(State
or other jurisdiction
of
incorporation)
|
333-100925
(Commission
File Number)
|
54-2077231
(IRS
Employer
Identification
No.)
|
The
Empire Sate Building, 350 Fifth Avenue
Suite
2204, New York, New York 10118
(Address
of principal executive offices and Zip Code)
Registrant's
telephone number, including area code: (212)
594-4175
(Former
name or former address, if changed since last report)
Copies
to:
Richard
A. Friedman, Esq.
Sichenzia
Ross Friedman Ference LLP
61
Broadway, 32nd
Floor
New
York,
New York 10006
Phone:
(212) 930-9700
Fax:
(212) 930-9725
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
December 3, 2007, Spongetech Delivery Systems, Inc. (the “Company”) entered into
a lease for an office located at 43W 33rd
Street,
Suite 600, New York, New York 10001 (the “Premises”). The Premises consist of
1500 square feet of office space. The lease term commences on February 1, 2007
and expires January 30, 2011. However, the Company has an option to renew the
lease for an additional 3 years at an increased rent of 5% for each additional
year. Rent on the Premises is $4,000 per month plus 35% of the cost of
electricity for the entire floor.
Item
5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
On
December 28, 2007, Steven Moskowitz was appointed as Chief Operating Officer
of
the Company. Mr. Moskowitz currently serves as the Company’s Chief Financial
Officer and has served in that capacity since February 2006. Mr. Moskowitz
has
been our Secretary, Treasurer and a Director since June 1999. Mr. Moskowitz
serves as a Director of National Stem Cell, Inc. (NHGI.PK) since January 2007.
Mr. Moskowitz has served as a director of RM Enterprises International, Inc.
since April 2001 and as its Secretary since March 2, 2004. He has been a
director of Western Power and Equipment Corp. (OTCBB) since February 11, 2003.
Since June 2003, he has been director of Tiburon Capital Group, a privately
held
holding corporation, and since May 2000, he has served as Vice President of
ERC
Corp., a privately-held marketing consultant. He served as Vice President,
Marketing and Business Development for H. W. Carter & Sons, a distributor of
children's clothing, from 1987 to 2002. He was President of the H. W. Carter
& Sons division of Evolutions, Inc. from 1996 to 1997. Mr. Moskowitz served
in various capacities at Smart Style Industries, a manufacturer and distributor
of children's apparel, from 1986 to 1987 from sales assistant to Vice President
Sales and Marketing. He received his B.S. in Management from Touro College
in
1986.
Item
9.01 Financial Statements and Exhibits.
|
Exhibit
Number
|
|
Description
|
|
10.1
|
|
Sublease
dated December 3, 2007
|
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.
| |
Spongetech Delivery Systems,
Inc. |
| |
|
| Date: January 9, 2008 |
/s/ Steven Moskowitz |
| |
Steven
Moskowitz
Chief
Operating Officer and Chief Financial
Officer
|