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 EARLIEST EVENT REPORTED – JANUARY 26, 2010
LOTO
INC.
(Exact
name of Registrant as specified in its charter)
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NEVADA
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000-53770
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27-0156048
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(State
or other jurisdiction of
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(Commission
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(IRS
Employer
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incorporation)
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File
Number)
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Identification
Number)
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Suite
460, 20 Toronto Street
Toronto, Ontario, Canada M5C
2B8
(Address
of principal executive offices)
(416)
500-7799
(Registrant's
telephone number, including area code)
N/A
(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:
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o
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Written
communications pursuant to Rule 425 under the Securities
Act
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange
Act
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange
Act
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange
Act
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Item
5.02.
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Departure
of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain
Officers.
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Appointment
of Trevor Eyton to the Board of Directors
Effective
as of January 26, 2010, Mr. Trevor Eyton has been appointed to the Board of
Directors of Loto Inc. (the “Company”). Appointed to Canada’s Senate
in 1990, Mr. Eyton served on three committees- Banking, Trade and Commerce,
Transport and Communications and Scrutiny of Regulations, where he was the Joint
Chair. Mr. Eyton retired from the Canadian Senate in
2009. A lawyer by training, Mr. Eyton served as President and Chief
Executive Officer of Brascan (now Brookfield Asset Management Inc.) from 1979
until 1990, and as Chairman and Senior Chairman from 1990 until
1998. Mr. Eyton has served on the board of directors of other
corporations, including Coca-Cola Enterprises Inc. (where he served as a
director from 1998-2007) and on the boards of numerous charitable
organizations.
Appointment
of Donald Ziraldo to the Board of Directors
Effective
as of January 26, 2010, Mr. Donald Ziraldo has been appointed to the Company’s
Board of Directors. From 1975 until 2007, Mr. Ziraldo was the
President of Inniskillin Wines Inc.
Appointment
of Randy Barrs to the Board of Directors
Effective
as of January 26, 2010, Mr. Randy Barrs has been appointed to the Company’s
Board of Directors. Mr. Barrs is an attorney in Toronto,
Canada.
As of the
date of this Report on Form 8-K, no decisions have been made regarding Mr.
Barrs’ compensation as a director of the Company.
Appointment
of Steve Baker as Chief Technology Officer
Effective
as of January 26, 2010, Mr. Steve Baker has been appointed as the Company’s
Chief Technology Officer. From May 2003 until January of 2009, Mr.
Baker was the Vice President of Infrastructure Delivery Services at the Ontario
Lottery and Gaming Corporation, where he supervised day to day operation of the
organization’s data center and responsibility for the organization’s
infrastructure.
Mr. Baker
is currently being compensated by the Company on a per diem basis as a
consultant, at a rate of $750 per day.
Resignation
of Marsha Collins as Director, Treasurer and Corporate
Secretary
Effective
as of January 26, 2010, Ms. Marsha Collins has resigned as a member of the Board
of Directors, and as the Treasurer and Corporate Secretary of the
Company. Ms. Collins has not expressed any disagreement with the
Company on any matter relating to the Company’s operations, policies or
practices.
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Item
8.01.
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Other
Events.
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The
Company has been issued the trading symbol LOTI.OB for trading on the
over-the-counter bulletin board. The Company has not yet obtained
eligibility for electronic clearing through Depository Trust Company
(DTC). The Company anticipates obtaining DTC eligibility in the near
future.
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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.
| LOTO INC. | |||
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By:
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/s/ Stephen Knight | |
| Name: Stephen Knight | |||
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Title: Chief
Executive Officer,
Principal
Financial Officer and
Chief
Accounting Officer
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Date: January
26, 2010
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