US Dataworks Inc. (fka UDWKQ)

[Dow18K]

BOD Awarded Free Shares

Here they go again awarding immediately vested grants of Company Stock under the Amended and Restated 2000 Stock Plan, as amended, pursuant to the Company's Outside Directors Compensation Plan.

http://investor.shareholder.com/usdw/sec.cfm

JOSEPH SAPORITO - 8,571 Shares
THOMAS WEST - 7,500 Shares
JOHN NICHOLSON - 8,392 Shares
PATRICK MILLINOR - 9,642 Shares

It really bothers me that the BOD gets rewarded when the company can't even file their 4th quarter and annual financial statements with the SEC on time after 3 months. These guys share in this lack of execution as shareholder representatives with the sole responsibility of oversight and should not be granted any shares or paid IMHO.