U.S. SECURITIES AND EXCHANGE COMMISION
Washington, DC 205489
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
June 3, 1996
Date of Report (date of earliest event reported)
COVOL TECHNOLOGIES, INC.
(Exact name of Registrant as specified in its charter)
Delaware 0-27803 87-0547337
(State or Other Jurisdiction of (Commission (I.R.S. Employer
Incorporation or Organization) File No.) Identification No.)
3280 North Frontage Road, Lehi, Utah 84043
(Address of Principal (Zip Code)
Executive Offices)
(801) 768-4481
(Issuer's Telephone Number)
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Item 5. Other
New Officers Appointed
At the June 3, 1996 meeting of the board of directors of Covol Technologies,
Inc. (the "Company"), the directors received and accepted the resignations
of Kirby D. Cochran as President, and Michael Bodon as Secretary of the
Company. Both Mr. Cochran and Mr. Bodon also resigned as directors of the
Company, all effective as of June 3, 1996. Mr. Cochran's resignation was
prompted by health reasons, and Mr. Bodon resigned in order to pursue other
career objectives.
To fill the vacancies created by the resignations of Mr. Cochran and Mr.
Bodon, certain executive officers have been appointed to new positions
effective June 3, 1996. The following sets forth the new positions of
executive officers of the Company with changed positions:
Michael Q. Midgley President
Alan D. Ayers Chief Operating Officer
Brent M. Cook Chief Financial Officer
Asael T. Sorensen Secretary and General Counsel
In connection with the changes described above, Brent M. Cook was hired
as Chief Financial Officer of the Company. The following is summary
biographical information on Mr. Ayers and Mr. Cook:
Alan D. Ayers. Mr. Ayers joined the Company in August of 1995
as manager of the Company's investor relations department. From 1993
to 1995, Mr. Ayers was the General Manager for Taylor Maid Beauty Supply
("Taylor Maid"), responsible for the operations of the regional supply
company. From 1987 to 1993, he was Director of Operations for Knighton
Optical, Inc. ("Knighton"). Taylor Maid and Knighton are not affiliated
with the Company. Mr. Ayers received his M.B.A. from the University of
Utah.
Brent M. Cook. Mr. Cook is a Certified Public Accountant.
Prior to joining the Company, Mr. Cook was Director of Strategic
Accounts-Utah Operations, for PacifiCorp, Inc. ("PacifiCorp").
His responsibilities included the management of revenues of
approximately $128 million per year, and seeking out and evaluating
strategic growth opportunities for PacifiCorp, including acquisitions
and other transactions. Mr. Cook spent more than 12 years with
PacifiCorp. PacifiCorp is not affiliated with the Company.
New Directors Appointed
At the June 3, 1996 meeting of the board of directors of the Company Alan D.
Ayers and Brent M. Cook were appointed to fill the two vacant positions on
the board of directors created by the resignations of Mr. Cochran and Mr.
Bodon. Biographical information on Messrs. Ayers and Cook is set forth above.
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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.
COVOL TECHNOLOGIES, INC.
Dated: June 3, 1996 By /s/ Michael Q. Midgley
____________________________________
Name: Michael Q. Midgley
Title: President
