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EX-99.1 - EXHIBIT 99.1 - Synutra International, Inc.dp17464_ex9901.htm
 


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC  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):  May 4, 2010
 
SYNUTRA INTERNATIONAL, INC.
(Exact Name of Registrantas Specified in Charter)
 
     
     
 
Delaware
001-33397
13-4306188
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
 
2275 Research Blvd., Suite 500, Rockville, MD
 
20850
(Address of Principal Executive Offices)
 
(Zip Code)
 
     
Registrants telephone number, including area code:  (301) 840-3888
 
Not Applicable
(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 (see General Instruction A.2. below):
 
 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
o
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; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective May 4, 2010, William Weiqiao Wu resigned as a director of Synutra International, Inc. (the “Company”) and the Board of Directors of the Company elected Joseph Chow as a new director of the Company. The Board of Directors has designated Mr. Chow as a Class I director and he shall serve for a term ending on the date of the first annual meeting of stockholders following the end of our 2011 fiscal year.  Mr. Chow will also act as an advisor to the Chairman of the Board of Directors and is considered part of the Companys management team.  Mr. Chow will receive an annual salary of approximately $90,000 (based on the conversion rate of $1.00 to 6.832 Renminbi on April 23, 2010) for his service.  Mr. Wu will continue as a member of the Companys management team.

In addition, effective June 10, 2010, Joseph Chow will resign as Interim Chief Financial Officer of the Company and the Board of Directors of the Company has appointed Donghao Yang as the Companys new Chief Financial Officer, effective immediately. Donghao Yang, age 39, has over 15 years of experience in corporate finance, commodity trading and international business development. Mr. Yang has held senior executive and managerial positions in various public and private companies, including serving as Chief Financial Officer Greater China of Tyson Foods, Inc. (NYSE: TSN) from March 2007 to April 2010, as Finance Director Asia Pacific of Valmont Industries, Inc. (NYSE: VMI) from October 2003 to March 2007, and as Director in China Minmetals Brazil Holding Limited from January 1999 to April 2001. Mr. Yang earned a Bachelor of Arts degree in Economics from Nankai University in 1993 and a Master of Business Administration degree from Harvard Business School in 2003.  Mr. Yang will receive an annual salary of approximately $120,000 (based on the conversion rate of $1.00 to 6.832 Renminbi on April 23, 2010) for his service as Chief Financial Officer of the Company.

On May 4, 2010, the Company issued a press release announcing the foregoing.  A copy of the Companys press release is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits
 
(d) Exhibits

99.1           Text of press release issued by Synutra International, Inc. dated May 4, 2010

 
 

 
 
SIGNATURE
 
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.
 
   
SYNUTRA INTERNATIONAL, INC(Registrant)
 
       
       
Date:  
May 4, 2010
 
By:  
/s/ Weiguo Zhang
 
       
Name:
Weiguo Zhang
 
       
Title:
President
 
 
 
 
 

 
 
EXHIBIT INDEX
 
Exhibit No.
 
Description
     
99.1
 
Text of press release issued by Synutra International, Inc. dated May 4, 2010