SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 of 15(d) of the
Securities Exchange Act of 1934
June 22, 2006
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Date of Report (date of earliest event reported)
Odyssey Marine Exploration, Inc.
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Exact name of Registrant as Specified in its Charter
Nevada 1-31895 84-1018684
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State or Other Jurisdiction Commission File IRS Employer Identification
of Incorporation Number Number
5215 West Laurel Street, Tampa, Florida 33069
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Address of Principal Executive Offices, Including Zip Code
(813) 876-1776
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Registrant's Telephone Number, Including Area Code
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))
ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF
DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS.
On June 22, 2006, the Board of Directors of Odyssey Marine Exploration,
Inc. (the "Company") appointed John C. Morris to serve as Chief Executive
Officer of the Company effective July 1, 2006. Mr. Morris had previously
served as CEO of the Company until November 10, 2005, when he temporarily left
his position as CEO to recover from a series of medical treatments for a tumor
in his neck. Mr. Morris has continued to serve as a Director and as a Co-
Chairman of the Board of the Company during his absence.
Michael V. Barton's service as Interim CEO, a position he has held since
November 10, 2005, will terminate effective June 30, 2006.
Mr. Morris will continue to receive an annual salary of $250,000, and he
also received options to purchase up to 150,000 shares at $3.50 per share.
The options will vest based on his continued service to the Company over time
and upon the Company achieving certain performance goals. He will also be
eligible to receive other compensation as the Company's Board of Directors and
Compensation Committee deem appropriate.
Information about Mr. Morris required by Items 401(b), (d), (e) and Item
404(a) of Regulation S-K are included in the Company's Definitive Proxy
Statement for the Annual Meeting of Shareholders held on May 5, 2005, which
information is incorporated herein by reference.
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.
ODYSSEY MARINE EXPLORATION, INC.
Dated: June 26, 2006 By: /s/ David A. Morris
David A. Morris, Secretary and
Treasurer