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 3, 2006
Pharma-Bio Serv, Inc.
(Exact name of registrant as specified in its charter)
Delaware 000-50956 20-0653570
---------------------------- ----------------------- ------------------
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
373 Mendez Vigo, Suite 110, Dorado, Puerto Rico 00646
----------------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
Lawrence Consulting Group, Inc.
(Former name, if changed since last report)
Registrant's telephone number, including area code: (787) 278-2709
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 Principal Officers; Election of Directors;
Appointment of Principal Officers.
On April 3, 2006, we elected Manuel O. Morera, 50, as our chief financial
officer and vice-president -- finance and administration. Mr. Morera will assume
these duties on or about April 17, 2006. Mr. Morera has been working for us on a
part-time basis since March 24, 2006. From 1997 until April 2006, Mr. Morera was
in private practice as an accountant, tax and business counselor. From 1983
until 1997, Mr. Morera was a senior auditor, audit supervisor, manager and
senior manager with the accounting firm of Horwath Velez PSC, formerly Laventhol
and Horwath Co. Mr. Morera is a cum laude graduate in business administration
(accounting) from the University of Puerto Rico.
We entered into an employment agreement with Mr. Morera pursuant to which
we pay Mr. Morera an annual salary of $80,000. The agreement has a one-year
term, which we may extend for up to two years. We granted Mr. Morera stock
options to purchase 90,000 shares of common stock at the fair market value on
the date of grant.
Item 9.01 Financial Statements and Exhibits.
Exhibits
99.1 Employment Agreement with Manuel O. Morera.
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.
PHARMA-BIO SERV, INC.
(formerly Lawrence Consulting Group, Inc.)
(Registrant)
Date: April 7, 2006 /s/ Elizabeth Plaza
------------------------------------------
Elizabeth Plaza, Chief Executive Officer
-2-