Form 8-K for an Event Dated March 31, 2005 re: Goldstein Amended Employment Agreement

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

   

FORM 8-K


CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934


Date of Report: March 22, 2005
(Date of earliest event reported)


DCAP GROUP, INC.
(Exact Name of Registrant as Specified in Charter)


Delaware
0-1665
36-2476480
(State or Other Jurisdiction
of Incorporation)
(Commission File No.)
(IRS Employer Identification
Number)

1158 Broadway, Hewlett, NY
11557
(Address of Principal Executive Offices)
(Zip Code)


Registrant's telephone number, including area code: (516) 374-7600

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:

____
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))

 

1642370.1

Item 1.01. Entry into a Material Definitive Agreement. 
 
On March 22, 2005, DCAP Group, Inc. (the “Company”) and Barry Goldstein, its Chief Executive Officer, entered into an amendment to Mr. Goldstein’s employment agreement, pursuant to which, among other things, the term of the agreement has been extended to April 1, 2007 and Mr. Goldstein shall be entitled, under certain circumstances, to a payment equal to one and one-half times his then annual salary in the event of the termination of his employment following a change of control of the Company.



 
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

 
 
DCAP GROUP, INC.
 
 
 
March 23, 2005
 
By: /s/ Barry B. Goldstein  
   Barry B. Goldstein
   President