Attached files
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
COMMISSION
FILE NO.: 0-50441
Date
of Report: April 13, 2010
CHINA
DIGITAL ANIMATION DEVELOPMENT, INC.
|
|
(Exact
name of registrant as specified in its charter)
|
|
New
York
|
84-1275578
|
(State
of other jurisdiction of
|
(IRS
Employer
|
incorporation
or organization
|
Identification
No.)
|
15
West 39th
Street, Suite 14B
|
10018
|
(Address
of principal executive offices)
|
(Zip
Code)
|
212-391-2688
|
|
(Registrant’s
telephone number including area
code)
|
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-4(c))
Item
5.02
Departure
of Directors or Certain Officers; Election of Directors
Election of Director
On April 13, 2010 the Board of
Directors elected John J. McFadden to serve as a member of the
Board. Information about Mr. McFadden follows:
John J. McFadden has been
self-employed since 1999 as a consultant, providing consultation to his clients
regarding both investment banking and energy matters. From 1996 until
1998 Mr. McFadden was employed as the Senior Managing Director of Cambridge
Holding and Cambridge Partners, LLC, a private investment
company. From 1968 until 1996 Mr. McFadden was employed by The First
Boston Corporation with a variety of responsibilities in corporate finance and
public finance, including service as Vice President and Treasurer. In
1967 Mr. McFadden was awarded a B.A. degree by St. Bonaventure
University. Mr. McFadden serves as a member of the board and Chairman
of the Audit Committee for Advanced Battery Technologies, Inc.
(NASDAQ: ABAT). He is 66 years old.
China Digital entered into a Service
Agreement with Mr. McFadden. The agreement provides that during his
tenure on the Board, the Company will pay Mr. McFadden $2,000 per month plus
$1,000 per meeting, and issue him 10,000 shares of common stock per
year.
Departure of Director
On April 15, 2010 Hu Yumei resigned
from her position as a member of the Board of Directors. Ms. Hu will
remain employed as Chief Financial Officer.
Item
9.01 Financial
Statements and Exhibits
Exhibits
10-a
|
Service
Agreement dated April 13, 2010 between China Digital Animation
Development, Inc. and John J.
McFadden.
|
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.
April
15, 2010
|
CHINA
DIGITAL ANIMATION DEVELOPMENT, INC.
|
By /s/ Fu
Qiang
|
|
Fu
Qiang, Chief Executive Officer
|