8-K: Current report filing

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 20, 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. 1750, 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 1.01 Entry into a Material Definitive Agreement.

Effective July 20, 2005, the Board of Directors of Digicorp (the
"Company") approved the Company's Stock Option and Restricted Stock Plan (the
"Plan"). Under the Plan, the Company can issue restricted shares of common
stock, options to purchase shares of common stock (both incentive stock options
and non-incentive stock options) and warrants to purchase shares of common stock
to employees, directors and consultants. The number of shares subject to the
Plan may not exceed 15,000,000 shares. The Plan will be administered by the
Company's Compensation Committee.

Item 9.01 Financial Statements and Exhibits.

(c) Exhibits.

Exhibit Number Description
- ------------------ ----------------------------------------------------------
10.1 Digicorp Stock Option and Restricted Stock Plan


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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: December 21, 2005 By: /s/ William B. Horne
----------------------------
Name: William B. Horne
Title: Chief Executive Officer


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