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:
April
1,
2006
MOBILEPRO
CORP.
(Exact
Name of Registrant as Specified in Charter)
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Delaware
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000-51010
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87-0419571
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(State
of Incorporation)
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(Commission
File Number )
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(IRS
Employer Identification
No.)
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6701
Democracy Blvd., Suite 202
Bethesda,
MD 20817
(Address
of principal executive offices) (Zip Code)
(301)
315-9040
(Registrant's
telephone number)
Check
the
appropriate box below if the Form 8-K is intended to simultaneously satisfy
the
filing obligation of the registrant under any of the following provisions
(see
General
Instruction A.2 below):
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communications
pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR
240.13e-4(c))
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Item
5.02. Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers
On
April
1, 2006 the employment agreement of Kurt Gordon, CFO of Mobilepro Corp.
(“Mobilepro”), expired and was not renewed. Hank Deily, formerly Corporate
Controller of Mobilepro, was promoted effective April 1, 2006, to Senior Vice
President, and Chief Accounting Officer and will serve as Mobilepro’s principal
financial officer and principal accounting officer in place of Mr. Gordon.
From
January 1998 to June 2005 when Mr. Deily was hired as Corporate Controller
of
Mobilepro, Mr. Deily was Vice President and Controller of Visual Networks,
Inc.,
a NASDAQ listed company. From July 1995 to January 1998, Mr. Deily served as
Controller of Excalibur Corporation, a NASDAQ listed software company. Mr.
Deily
began his career in accounting and finance at Arthur Andersen & Co. at which
he was employed from September 1976 to September 1985 and where he became a
Manager in its Audit Practice group. Mr.
Deily
graduated magna
cum laude
from
Georgetown University from which he received a B.S. degree in Business
Administration.
Under
the
terms of his current employment agreement dated June 25, 2005, Mr. Deily
receives a salary of $165,000 and can participate in Mobilepro’s bonus pool in
an amount of up to 50% of his salary. In connection with his employment, he
was
awarded warrants to purchase 750,000 shares of Mobilepro’s common stock on June
20, 2005 at a price of $0.31 per share, vesting in equal installments on March
31, 2006, March 31, 2007 and March 31, 2008. In accordance with Mr. Deily
assuming his new position as Senior Vice President and Chief Accounting Officer
of Mobilepro, the Board of Directors granted Mr. Deily in additional warrants
to
purchase 500,000 shares of Mobilepro common stock at an exercise price of $0.233
per share. The warrants vest ratably over two years commencing April 1, 2006.
Mr. Deily will also receive an executive employment agreement that is
pending.
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.
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By: /s/ Jay W.
Wright
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Jay O. Wright |
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Chairman and Chief Executive
Officer |
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MOBILEPRO
CORP |
Date:
April 5, 2006