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): November 17, 2006
GLOBETEL COMMUNICATIONS CORP.
(Exact Name of Registrant as Specified in Its Charter)
Delaware 0-23532 88-0292161
(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) Identification No.)
9050 Pines Blvd., Suite 255, Pembroke Pines, FL 33024
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: 954-241-0590
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):
|_| 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 5.02(c)
On November 17, 2006, the Company announced the appointment of Joseph Monterosso
as Chief Operating Officer. Mr. Monterosso was previously the President of
Centerline Communications LLC, a wholly owned subsidiary of the Company that
operates as a wholesale telecommunications carrier. Prior thereto, Mr.
Monterosso operated other wholesale carriers. Throughout his working life he has
operated a number of entrepreneurial ventures.
Item 5.02(d)
On November 20, 2006 the Company announced the appointment of Dr. Alice Muntz to
the Company's Board of Directors. Dr. Muntz is currently the President and CEO
of Birdseye LLC providing consulting expertise on executive management,
technology commercialization, development of business plans and business
strategy, business development, product planning and development, enterprise
architecture, and technology expert witness. Prior thereto she was Co-Founder
and CEO of Pekua Inc., a company that created a technology platform and business
framework in the use of the Web as a knowledge repository and a medium for large
scale commerce. Dr. Muntz also was the Associate Director of Development and
Chief Operating Officer of the Institute for Cell Mimetic Space Exploration
(CMISE). In 1999, she founded Vizional Technologies, developer of one of the
most advanced collaborative commerce platform available today. Dr. Muntz has
served as a member of several advisory boards including the Industrial Advisory
Board of the UCLA Henry Samueli School of Engineering, Raytheon Electronic
Systems Commercial Ventures, the Sally Ride Science Camp, and the Supply Chain
Council of the Aerospace and Defense Steering Committee. She has been published,
quoted or recognized in numerous industry journals, and is frequently a guest
lecturer at industry related conferences, workshops and symposiums. Her
scholastic achievements include a B.E. from National Chiao-Tung University in
Taiwan, a M.S. and Ph.D. in Computer Science from the University of Southern
California (USC), completion of the Executive Management Program at the Kellogg
School of Business, and the Directors Training Award from UCLA.
Item 8.01
On November 17, 2006 the Company disseminated a press release announcing the
appointment of Joseph Monterosso as Chief Operating Officer. On November 20,
2006 the Company disseminated a press release announcing the appointment of DR.
Alice Muntz to the Board of Directors.
Exhibits.
99.1 Press Release dated November 17, 2006
99.2 Press Release dated November 20, 2006
SIGNATURE
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
GlobeTel Communications Corp.
Dated: November 22, 2006 By: /s/ Peter Khoury
--------------------------
Peter Khoury
Chief Executive Officer