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): April 5, 2010
PAWSPLUS,
INC.
(Exact
name of registrant as specified in its charter)
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Delaware
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0-27635
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37-1465836
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(State
or other jurisdiction of
incorporation
or organization)
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(Commission
file number)
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(IRS
Employer Identification No.)
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15 Paradise Plaza # 230,
Sarasota, FL 34239
(Address
of principal executive offices) (Zip Code)
Registrant's telephone
number, including area code: (941) 955-1700
SkyLynx Communications,
Inc.
(Former
name or former address, if changed since last report)
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SECTION
5.
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CORPORATE
GOVERNANCE AND MANAGEMENT
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ITEM
5.02
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DEPARTURE
OF DIRECTORS AND PRINCIPAL OFFICERS; ELECTION OFDIRECTORS; APPOINTMENT OF
PRINCIPAL OFFICERS
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Effective April 5, 2010, George
Johnson, the Company’s Chief Operating Officer and President, retired from the
Company. Pursuant to the terms of his Separation Agreement (the
“Agreement”), Mr. Johnson will continue, for a period of 18 months, to consult
with the Company with respect to certain business matters and he will receive
compensation, during this period, at the rate being paid at the date of
retirement, together with certain other benefits. Mr. Johnson will
continue to serve on the Company’s Board. Mr. Johnson’s wife,
Carolyn, also retired, effective April 5, 2010, and, pursuant to a separate
agreement with her, in exchange for her continued cooperation and assistance,
she will receive compensation and certain benefits an eighteen-month
period.
In connection with their retirement,
the Company also agreed with Mr. and Mrs. Johnson, under certain terms and
conditions, to use its best reasonable efforts to place shares of the Company’s
Series A Convertible Preferred Stock which are owned jointly by
them. This agreement with respect to the Shares continues for a fixed
term, or until such time as the Company’s Shares are actively traded on the
OTC:BB (or higher exchange) all as defined in and, pursuant to terms and
conditions contained, the Agreement.
SIGNATURES
Pursuant
to the requirements of the Securities and 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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PAWSPLUS,
INC.
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/s/
K. Bryan
Shobe
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K.
Bryan Shobe
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Chief
Executive Officer
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Date: April
22, 2010