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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WASHINGTON, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section&nbsp;13 or 15(d)
of the</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of report (Date of earliest event reported):
October 19, 2012 (October 4, 2012)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>PREMIER POWER RENEWABLE ENERGY, INC.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Exact name of registrant as specified
in Charter)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR>
    <TD STYLE="vertical-align: top; width: 32%; border-bottom: black 1.5pt solid; font-weight: bold; text-align: center">Delaware</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 32%; border-bottom: black 1.5pt solid; font-weight: bold; text-align: center">333-140637</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 32%; border-bottom: black 1.5pt solid; font-weight: bold; text-align: center">13-4343369</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">(State or other jurisdiction of<BR> incorporation)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">(Commission File No.)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">(IRS Employer Identification<BR> No.)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>4961 Windplay Drive, Suite 100</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>El Dorado Hills, CA 95762</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Address of Principal Executive Offices)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>(916) 939-0400</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Registrant&rsquo;s telephone number,
including area code)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">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):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%; font-family: Wingdings">o</TD>
    <TD STYLE="width: 95%">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%; font-family: Wingdings">o</TD>
    <TD STYLE="width: 95%">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%; font-family: Wingdings">o</TD>
    <TD STYLE="width: 95%">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%; font-family: Wingdings">o</TD>
    <TD STYLE="width: 95%">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 5.02 Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(b)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effective October 17, 2012, Dean Marks resigned as Chief
Executive Officer of the registrant. Mr. Marks will remain with the registrant as Vice President of the US Micro Utility Division.
The registrant entered into an amended employment agreement with Mr. Marks in connection with this change. Additionally, under
the amendment, Mr. Marks will receive two months&rsquo; salary as severance in the event of termination by the registrant without
cause. Mr. Marks may terminate his agreement for a good reason effective immediately upon notice. Good reasons constitute (i) assignment
of duties to Mr. Marks that are materially inconsistent with his current position, (ii) a reduction in his base salary or cash
bonus structure without his consent, failure to continue his current benefits, or failure to pay his salary or any other amounts
owed within thirty days of the due date, and (iii) changing the registrant&rsquo;s principal executive officers from the El Dorado
Hills, California area.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(c)&#9;Effective October 17, 2012, Francesco Marangon was appointed
Chief Executive Officer for a four year term. Mr. Marangon, age 41, holds a degree in Electronic Engineering. He founded Gascom
SpA, an energy company, with some partners in 2005, after gaining significant experience in the technical-sales side of businesses
with an international reach. Gascom originates from his business leanings and interest in the world of gas and energy, with all
its progressions. Mr. Marangon is the CEO of Gascom.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Mr. Marangon is a majority stockholder of
the registrant, indirectly holding approximately 56% of the issued and outstanding voting capital stock through Gascom. Gascom
purchased its approximately 56% stake in the registrant, or 16,458,853 shares of common stock, on July 11, 2012 in a private sale
transaction for a total $1.8 million cash consideration.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#9;In connection with his election as CEO, we entered into
an Employment Agreement with Mr. Marangon. His base salary is $250,000 per year. He will receive an annual bonus equal to 5% of
the EBITDA of the registrant if such an EBITDA exceeds $5,000,000 starting in fiscal year 2013. The registrant may terminate at
any time for cause, and may terminate without cause with two months&rsquo; prior written notice.&#9;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(d)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effective October 4, 2012, Francesco Marangon was appointed
to the Board of Directors to fill a vacancy on the Board. He will serve as Chairman of the Board, replacing Dean Marks in such
role. Mr. Marangon is a majority stockholder of the registrant, as discussed in (c) above. Mr. Marangon will not be compensated
for his role on the Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(e)&#9;On October 17, 2012, the registrant entered into an amendment
to Miguel de Anquin&rsquo;s employment agreement. Mr. de Anquin is the registrant&rsquo;s President and Chief Financial Officer.
Under the amendment, Mr. de Anquin will receive two months&rsquo; salary as severance in the event of termination by the registrant
without cause. Mr. de Anquin may terminate his agreement for a good reason effective immediately upon notice. Good reasons constitute
(i) assignment of duties to Mr. de Anquin that are materially inconsistent with his current position, (ii) a reduction in his base
salary or cash bonus structure without his consent, failure to continue his current benefits, or failure to pay his salary or any
other amounts owed within thirty days of the due date, and (iii) changing the registrant&rsquo;s principal executive officers from
the El Dorado Hills, California area.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left">(a)</TD><TD STYLE="text-align: justify"><U>Director Resignations</U></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Effective October 10, 2012, Robert Medearis
resigned from the Board of Directors. Mr. Medearis was a member of the registrant&rsquo;s audit, nominating, and compensation committees.
Mr. Medearis&rsquo; resignation letter is attached as Exhibit 17.1 to this Form 8-K.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Effective October 10, 2012, Hernan Martinez
resigned from the Board of Directors. Mr. Martinez was a member of the registrant&rsquo;s audit, nominating, and compensation committees.
Mr. Martinez&rsquo;s resignation letter is attached as Exhibit 17.2 to this Form 8-K.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Effective October 10, 2012, Tommy Ross resigned
from the Board of Directors. Mr. Ross was a member of the registrant&rsquo;s audit, nominating, and compensation committees. Mr.
Ross&rsquo; resignation letter is attached as Exhibit 17.3 to this Form 8-K.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 9.01 Financial Statements and Exhibits.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(d)&#9;<U>Exhibits</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 14%; padding-right: 0; padding-left: 0">Exhibit No.</TD>
    <TD STYLE="width: 86%; padding-right: 0; padding-left: 0">Description</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">10.1</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">Employment Agreement between registrant and Francesco Marangon, dated October 17, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">10.2</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">Amended Employment Agreement between registrant and Miguel de Anquin, dated October 17, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">10.3</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">Amended Employment Agreement between registrant and Dean Marks, dated October 17, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; width: 14%">17.1</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; width: 86%">Resignation Letter from Robert Medearis, dated October 4, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">17.2</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">Resignation Letter from Hernan Martinez, dated October 4, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">17.3</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">Resignation Letter from Tommy Ross, dated October 4, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>PREMIER POWER RENEWABLE ENERGY, INC.</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(Registrant)</P></TD></TR>
<TR>
    <TD STYLE="width: 45%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 52%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">Date: October 19, 2012</TD>
    <TD STYLE="vertical-align: bottom">By:</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid">/s/ Francesco Marangon&nbsp;&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Francesco Marangon</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Chief Executive Officer</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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{"company-data": {"conformed-name": "Premier Power Renewable Energy, Inc.", "cik": "0001388686", "assigned-sic": "4931", "irs-number": "134343369", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-140637", "film-number": "121151643"}, "business-address": {"street1": "4961 WINDPLAY DRIVE", "street2": "SUITE 100", "city": "EL DORADO HILLS", "state": "CA", "zip": "95762", "phone": "(916) 939-0400"}, "mail-address": {"street1": "4961 WINDPLAY DRIVE", "street2": "SUITE 100", "city": "EL DORADO HILLS", "state": "CA", "zip": "95762"}, "former-company": {"former-conformed-name": "Harry's Trucking, Inc.", "date-changed": "20070201"}}
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):
October 19, 2012 (October 4, 2012)
PREMIER POWER RENEWABLE ENERGY, INC.
(Exact name of registrant as specified
in Charter)
Delaware
333-140637
13-4343369
(State or other jurisdiction of
incorporation)
(Commission File No.)
(IRS Employer Identification
No.)
4961 Windplay Drive, Suite 100
El Dorado Hills, CA 95762
(Address of Principal Executive Offices)
(916) 939-0400
(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 (see General Instruction
A.2. below):
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
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; Compensatory Arrangements of Certain Officers.
(b)	          Effective October 17, 2012, Dean Marks resigned as Chief
Executive Officer of the registrant. Mr. Marks will remain with the registrant as Vice President of the US Micro Utility Division.
The registrant entered into an amended employment agreement with Mr. Marks in connection with this change. Additionally, under
the amendment, Mr. Marks will receive two months' salary as severance in the event of termination by the registrant without
cause. Mr. Marks may terminate his agreement for a good reason effective immediately upon notice. Good reasons constitute (i) assignment
of duties to Mr. Marks that are materially inconsistent with his current position, (ii) a reduction in his base salary or cash
bonus structure without his consent, failure to continue his current benefits, or failure to pay his salary or any other amounts
owed within thirty days of the due date, and (iii) changing the registrant's principal executive officers from the El Dorado
Hills, California area.
(c)	Effective October 17, 2012, Francesco Marangon was appointed
Chief Executive Officer for a four year term. Mr. Marangon, age 41, holds a degree in Electronic Engineering. He founded Gascom
SpA, an energy company, with some partners in 2005, after gaining significant experience in the technical-sales side of businesses
with an international reach. Gascom originates from his business leanings and interest in the world of gas and energy, with all
its progressions. Mr. Marangon is the CEO of Gascom.
Mr. Marangon is a majority stockholder of
the registrant, indirectly holding approximately 56% of the issued and outstanding voting capital stock through Gascom. Gascom
purchased its approximately 56% stake in the registrant, or 16,458,853 shares of common stock, on July 11, 2012 in a private sale
transaction for a total $1.8 million cash consideration.
In connection with his election as CEO, we entered into
an Employment Agreement with Mr. Marangon. His base salary is $250,000 per year. He will receive an annual bonus equal to 5% of
the EBITDA of the registrant if such an EBITDA exceeds $5,000,000 starting in fiscal year 2013. The registrant may terminate at
any time for cause, and may terminate without cause with two months' prior written notice.
(d)	          Effective October 4, 2012, Francesco Marangon was appointed
to the Board of Directors to fill a vacancy on the Board. He will serve as Chairman of the Board, replacing Dean Marks in such
role. Mr. Marangon is a majority stockholder of the registrant, as discussed in (c) above. Mr. Marangon will not be compensated
for his role on the Board.
(e)	On October 17, 2012, the registrant entered into an amendment
to Miguel de Anquin's employment agreement. Mr. de Anquin is the registrant's President and Chief Financial Officer.
Under the amendment, Mr. de Anquin will receive two months' salary as severance in the event of termination by the registrant
without cause. Mr. de Anquin may terminate his agreement for a good reason effective immediately upon notice. Good reasons constitute
(i) assignment of duties to Mr. de Anquin that are materially inconsistent with his current position, (ii) a reduction in his base
salary or cash bonus structure without his consent, failure to continue his current benefits, or failure to pay his salary or any
other amounts owed within thirty days of the due date, and (iii) changing the registrant's principal executive officers from
the El Dorado Hills, California area.
(a)
Director Resignations
Effective October 10, 2012, Robert Medearis
resigned from the Board of Directors. Mr. Medearis was a member of the registrant's audit, nominating, and compensation committees.
Mr. Medearis' resignation letter is attached as Exhibit 17.1 to this Form 8-K.
Effective October 10, 2012, Hernan Martinez
resigned from the Board of Directors. Mr. Martinez was a member of the registrant's audit, nominating, and compensation committees.
Mr. Martinez's resignation letter is attached as Exhibit 17.2 to this Form 8-K.
Effective October 10, 2012, Tommy Ross resigned
from the Board of Directors. Mr. Ross was a member of the registrant's audit, nominating, and compensation committees. Mr.
Ross' resignation letter is attached as Exhibit 17.3 to this Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d)
Exhibits
Exhibit No.
Description
10.1
Employment Agreement between registrant and Francesco Marangon, dated October 17, 2012
10.2
Amended Employment Agreement between registrant and Miguel de Anquin, dated October 17, 2012
10.3
Amended Employment Agreement between registrant and Dean Marks, dated October 17, 2012
17.1
Resignation Letter from Robert Medearis, dated October 4, 2012
17.2
Resignation Letter from Hernan Martinez, dated October 4, 2012
17.3
Resignation Letter from Tommy Ross, dated October 4, 2012
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.
PREMIER POWER RENEWABLE ENERGY, INC.
(Registrant)
Date: October 19, 2012
By:
/s/ Francesco Marangon
Francesco Marangon
Chief Executive Officer