Unassociated Document
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):     January 17, 2011

PROGREEN PROPERTIES, INC.

(Exact Name of Registrant as Specified in Its Charter)

Delaware
000-25429
59-3087128
(State or Other Jurisdiction
(Commission
( I.R.S. Employer
of Incorporation)
File Number)
Identification No.)

380 North Old Woodward Ave., Suite 226, Birmingham, MI
48009
      (Address of Principal Executive Offices)
   (Zip Code)

Registrant's telephone number, including area code:     (248) 530-0770
 
 

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; Compenbsatory Arrangements of Certain Officers.

 
On January 17, 2011, the Board of Directors of the Company approved, effective January 1, 2011, a salary of $8,000 per month for the Company’s Chief Executive Officer, Jan Telander.  This salary arrangement will remain in effect until further modified by the Board of Directors.

 

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.
 
 
PROGREEN PROPERTIES, INC.
   
Dated:  January 21, 2011
By:      /s/ Jan Telander                                            
 
Jan Telander, Chief Executive Officer