internationalstar_8k-031908.htm
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): March 19, 2008
International
Star, Inc.
(Exact
name of registrant as specified in its charter)
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Nevada
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000-28861
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86-0876846
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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1818
Marshall Street, Shreveport, Louisiana
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71101
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code: (318) 464-8687
Not
Applicable
(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):
International Star, Inc. (“we”, “us” or
the “Company”) files this report on Form 8-K to report the
following:
Item
5.02 Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
On March 19, 2008, our Board of
Directors entered into a formal employment agreement with our President,
Sterling M. Redfern. The effective date of the agreement is April 1,
2008. Under the agreement, Mr. Redfern will serve as our President
for a term of one year, after which he may continue to serve at the will of the
parties. As compensation for serving as our President, Mr. Redfern
will receive an annual salary of $42,000. He will also receive two
non-qualified stock options pursuant to the Company’s 2006 Stock Option Plan,
the first of which will be for 5,000,000 shares of our common stock at an
exercise price of $0.01 per share and the second of which will be for an
additional 5,000,000 shares of our common stock at an exercise price of $0.03
per share. These options will be issued as of April 1, 2008, and will
vest based on performance incentives to be designated by the Board of
Directors. The options will expire on April 1, 2013. A
copy of the employment agreement is attached hereto as Exhibit 10.1 and is
incorporated herein by reference.
Item
9.01 Financial
Statements and Exhibits.
(d) Exhibits
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Exhibit
No.
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Description
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10.1
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Officer
Employment Agreement between International Star, Inc. and Sterling M.
Redfern, dated March 19, 2008
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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.
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Dated:
March 25, 2008
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INTERNATIONAL
STAR, INC.
By: /s/
Jacqulyn B.
Wine
Jacqulyn
B. Wine, Secretary & Treasurer
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