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)
August
10, 2007
____________________________
LANDBANK
GROUP, INC.
(Exact
name of Registrant as specified in its charter)
|
DELAWARE
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000-52315
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20-1915083
|
|
(State
of Other Jurisdiction Incorporation)
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(Commission
File No.)
|
(IRS
Employer Identification No.)
|
7030
HAYVENHURST AVE, VAN NUYS, CALIFORNIA 91406
(Address
of principal executive offices, including zip code)
(818)
464-1614
(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 registrant under any of the following
provisions:
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR
240.14a-12(b))
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))
Section
5 Corporate Governance
and Management
|
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
|
On
August
10, 2007, Landbank Group, Inc. (the “Company”) entered into option termination
agreements with each holder of options to purchase common stock of the Company,
including Douglas Gravink, Chief Executive Officer of the Company, Gary Hewitt,
President of the Company, John Genesi, Chief Financial Officer of the Company,
and Ray Gaytan, a director of the Company. Pursuant to the option termination
agreements, all outstanding option grants were terminated. At the
time of termination, no portion of any option grant had vested or been
exercised.
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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LANDBANK
GROUP, INC.
(Registrant)
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Dated:
August
16, 2007
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By:
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/s/ Gary
Hewitt |
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Gary
Hewitt |
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President |
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