Form: 8-K

Current report filing

July 7, 2005

8-K: Current report filing

Published on July 7, 2005

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): July 1, 2005

Digicorp
(Exact name of registrant as specified in its charter)

Utah 000-33067 87-0398271
(State or Other Jurisdiction (Commission File (I.R.S. Employer
of Incorporation) Number) Identification Number)

100 Wilshire Blvd., Ste. 1500, Santa Monica, CA 90401
(Address of principal executive offices) (zip code)

(310) 752-1477
(Registrant's telephone number, including area code)

Copies to:
Marc J. Ross, Esq.
Sichenzia Ross Friedman Ference LLP
1065 Avenue of the Americas
New York, New York 10018
Phone: (212) 930-9700
Fax: (212) 930-9725

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 July 1, 2005, Digicorp (the "Company") appointed Philip Gatch as the
Company's Chief Technology Officer.

On June 30, 2005, Mr. Gatch was appointed Chief Technology Officer of
Patient Safety Technologies Inc., a Delaware corporation whose common stock is
traded on the American Stock Exchange. Since May 12, 2005, Mr. Gatch has been a
50% owner and President of Cinapse Digital Media, LLC, a company that operates a
production and post-production media content facility. Patient Safety
Technologies, Inc. owns the other 50% of Cinapse Digital Media, LLC. From
September 2003 to June 2005, Mr. Gatch was Director of Technical Services of The
DR Group. From February 2002 to April 2003, Mr. Gatch was Director of Research
and Development for Media.net. From 1999 to 2002, Mr. Gatch was Director of
Research and Development for Digital Entertainment Solutions.

There was no transaction during the last two years, or any proposed
transactions, to which the Company was or is to be a party, in which Mr. Gatch
had or is to have a direct or indirect material interest. There are no family
relationships between Mr. Gatch and the Company's directors, executive officers
or persons nominated or charged by the Company to become directors or executive
officers. The Company does not currently have an employment agreement in effect
for the employment of Mr. Gatch.


1

SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Digicorp

Dated: July 7, 2005 By: /s/ Milton Ault
-------------------------------------
Name: Milton "Todd" Ault, III
Title: Chief Executive Officer


2