================================================================================

                                  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):
                                 August 4, 2006

                                ISECURETRAC CORP.
             (Exact name of registrant as specified in its charter)

               Delaware                                          0-26455
         (State of Formation)                           (Commission File Number)

                                   87-0347787
                      (IRS Employer Identification Number)

        5078 South 111th Street
                Omaha, NE                                        68137
(Address of principal executive offices)                       (Zip Code)

                                 (402) 537-0022
              (Registrants' telephone number, including area code)

                                 Not applicable
          (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:

|_|   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(c))

<PAGE>

Item 5.02. Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers

      On August 4, 2006, Thomas E. Wharton, Jr. resigned as President and Chief
Executive Officer of iSecureTrac Corp. (the "Company"). Mr. Wharton also
resigned as a director of the Company on that date. His resignation was not due
to any disagreement with the Company or any matter relating to the Company's
operations, policies or practices.

      The Board of Directors has appointed Peter A. Michel as the President and
Chief Executive Officer of the Company effective August 4, 2006. Mr. Michel has
also been appointed to fill the vacancy on the Company's Board of Directors
resulting from Mr. Wharton's resignation.

      Mr.  Michel,  age 63,  had been  acting as an  outside  consultant  to the
Company.  Prior to that,  he served as an  operations  team member for Cereberus
Capital  Management  from July 2005 through March 2006. Mr. Michel was President
and Chief Executive  Officer of General Fiber Corporation from May to July 2005,
Chief  Executive  Officer  of NEP  Broadcasting  from  2003  to 2004  and  Chief
Executive Officer of Brink's Home Security from 1988 to 2001. From 2002 to 2005,
Mr. Michel served as the Chairman of the Homeland  Security  Advisory Council of
the Security Industry Association.

      Mr. Michel has entered into an Employment Agreement with the Company,
dated August 4, 2006. The Employment Agreement has an indefinite term and
provides that Mr. Michel will be paid a base salary of $225,000 per year. Mr.
Michel is also eligible to receive an annual bonus of up to 50% of his base
salary and will receive housing and a leased automobile in the Omaha, Nebraska
area. Mr. Michel will be granted options to purchase 430,856 shares of the
Company's common stock which vest on an equal monthly basis over 36 months. The
Employment Agreement contains standard confidentiality and noncompetition
provisions and provides for a severance payment to Mr. Michel equal to one
year's salary if he is discharged for reasons other than as defined in the
Employment Agreement as "cause".

      There are no family relationships between Mr. Michel and any director or
other executive officer of the Company and he was not selected by the Board of
Directors to serve as the Company's President and Chief Executive Officer
pursuant to any arrangement or understanding with any person. Mr. Michel
provided consulting services to the Company on an independent contractor basis
beginning in May 2006 and earned fees of $25,000 per month for such services.

Item 9.01 Financial Statements and Exhibits.

10.1  Employment Agreement between the Company and Peter Michel, dated August 4,
      2006

99.1  Press Release, dated August 4, 2006, announcing the appointment of Peter
      Michel to the position of President and Chief Executive Officer and as a
      Director.


                                       2
<PAGE>

                                   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.

                                        ISECURETRAC CORP.

                                        By /s/ Peter A. Michel
                                           -------------------------------------
                                           Peter A. Michel
                                           Chief Executive Officer

August 7, 2006


                                       3
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================================================================================

                                  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):
                                 August 4, 2006

                                ISECURETRAC CORP.
             (Exact name of registrant as specified in its charter)

               Delaware                                          0-26455
         (State of Formation)                           (Commission File Number)

                                   87-0347787
                      (IRS Employer Identification Number)

        5078 South 111th Street
                Omaha, NE                                        68137
(Address of principal executive offices)                       (Zip Code)

                                 (402) 537-0022
              (Registrants' telephone number, including area code)

                                 Not applicable
          (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:

|_|   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(c))
Item 5.02. Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers

      On August 4, 2006, Thomas E. Wharton, Jr. resigned as President and Chief
Executive Officer of iSecureTrac Corp. (the "Company"). Mr. Wharton also
resigned as a director of the Company on that date. His resignation was not due
to any disagreement with the Company or any matter relating to the Company's
operations, policies or practices.

      The Board of Directors has appointed Peter A. Michel as the President and
Chief Executive Officer of the Company effective August 4, 2006. Mr. Michel has
also been appointed to fill the vacancy on the Company's Board of Directors
resulting from Mr. Wharton's resignation.

      Mr.  Michel,  age 63,  had been  acting as an  outside  consultant  to the
Company.  Prior to that,  he served as an  operations  team member for Cereberus
Capital  Management  from July 2005 through March 2006. Mr. Michel was President
and Chief Executive  Officer of General Fiber Corporation from May to July 2005,
Chief  Executive  Officer  of NEP  Broadcasting  from  2003  to 2004  and  Chief
Executive Officer of Brink's Home Security from 1988 to 2001. From 2002 to 2005,
Mr. Michel served as the Chairman of the Homeland  Security  Advisory Council of
the Security Industry Association.

      Mr. Michel has entered into an Employment Agreement with the Company,
dated August 4, 2006. The Employment Agreement has an indefinite term and
provides that Mr. Michel will be paid a base salary of $225,000 per year. Mr.
Michel is also eligible to receive an annual bonus of up to 50% of his base
salary and will receive housing and a leased automobile in the Omaha, Nebraska
area. Mr. Michel will be granted options to purchase 430,856 shares of the
Company's common stock which vest on an equal monthly basis over 36 months. The
Employment Agreement contains standard confidentiality and noncompetition
provisions and provides for a severance payment to Mr. Michel equal to one
year's salary if he is discharged for reasons other than as defined in the
Employment Agreement as "cause".

      There are no family relationships between Mr. Michel and any director or
other executive officer of the Company and he was not selected by the Board of
Directors to serve as the Company's President and Chief Executive Officer
pursuant to any arrangement or understanding with any person. Mr. Michel
provided consulting services to the Company on an independent contractor basis
beginning in May 2006 and earned fees of $25,000 per month for such services.

Item 9.01 Financial Statements and Exhibits.

10.1  Employment Agreement between the Company and Peter Michel, dated August 4,
      2006

99.1  Press Release, dated August 4, 2006, announcing the appointment of Peter
      Michel to the position of President and Chief Executive Officer and as a
      Director.

                                       2
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.

                                        ISECURETRAC CORP.

                                        By /s/ Peter A. Michel
                                           -------------------------------------
                                           Peter A. Michel
                                           Chief Executive Officer

August 7, 2006

                                       3