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 (Date of earliest event reported)
March 23, 2010

APPLIED ENERGETICS, INC. 
(Exact Name of Registrant as Specified in Its Charter)

Delaware
 (State or Other Jurisdiction of Incorporation)

001-14015
  
77-0262908
(Commission File Number)
  
(IRS Employer Identification No.)

3590 East Columbia Street, Tucson, Arizona
  
85714
(Address of Principal Executive Offices)
  
(Zip Code)

(520) 628-7415
(Registrant’s Telephone Number, Including Area Code)
 
 
(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. 
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 
On March 23, 2010, the Board of Directors of Applied Energetics, Inc. (the “Registrant”) awarded Joseph Hayden, Chief Operating Officer and principal executive officer of the Registrant, a cash bonus of $25,000 and increased his annual base salary by $30,000 to $230,000.
 
On March 23, 2010, the Compensation Committee of the Board of Directors of the Registrant awarded Humberto Astorga, principal financial officer of the Registrant, an option to purchase 50,000 shares of the Registrant’s common stock at an exercise price of $0.60 per share, the last sale price of the common stock on the date of grant.  The option vests as to one-third of the shares on the date of grant and on each of the first two year anniversaries of the date of grant and expires on March 23, 2015.

 
 
 

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 thereunto duly authorized.

APPLIED ENERGETICS, INC.
(Registrant)
   
By:     
/s/ Joseph C. Hayden
 
Joseph C. Hayden
 
Chief Operating Officer
 
Date:  March 23, 2010