Attached files
| file | filename |
|---|---|
| EX-99.1 - QKL Stores Inc. | v189261_ex99-1.htm |
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 1934
Date of
Report (date of earliest event reported): June 26, 2010
QKL
STORES INC.
(Exact
name of registrant as specified in charter)
|
Delaware
|
033-10893
|
75-2180652
|
|
(State
of Incorporation)
|
(Commission
File No.)
|
(IRS
Employer
Identification
No.)
|
Jingqi
Street
Dongfeng
Xincun
Sartu
District
163311
Daqing, PRC
(Address
Of Principal Executive Offices) (Zip Code)
(011)
86-459-460-7987
(Registrant’s
Telephone Number, Including Area Code)
(Former Name or Former Address, is 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):
¨ 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;
APPOINTMENT OF CERTAIN OFFICERS; COMENSAOTRY ARRANGEMENTS OF CERTAIN
OFFICERS
On June
26, 2010, the Compensation Committee of the Board of Directors of QKL Stores
Inc. (the “Company”), granted the Company’s Chief Operating Officer, Alan
Stewart, an option (the “Option”) to acquire 100,000 shares of the Company’s
common stock, par value $0.001 per share (the “Shares”) at an exercise price of
$4.40. The Option vests and becomes exercisable pursuant to the
following vesting schedule:
|
Number of Months Completed
Since Date of Grant
|
% of Shares Vested
and Exercisable
|
|||
|
Less
than 12
|
20 | % | ||
|
12
but less than 24
|
40 | % | ||
|
24
but less than 36
|
60 | % | ||
|
36
but less than 48
|
80 | % | ||
|
48
or more
|
100 | % | ||
The
Option was granted pursuant to a Stock Option Agreement dated June 26, 2010
entered into by the Company and Mr. Stewart pursuant to the Company’s 2009
Omnibus Securities and Incentive Plan and expires upon the earlier of the
exercise of all of the Shares under the Option or eight years from the date of
the grant. A copy of the Stock Option Agreement is attached as
Exhibit 99.1
ITEM
9.01 FINANCIAL STATEMENTS AND EXHIBITS.
Exhibits
99.1 Stock
Option Agreement dated June 26, 2010.
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.
|
QKL
STORES INC.
|
|
|
By:
|
/s/ Zhuangyi Wang
|
|
Name:
|
Zhuangyi
Wang
|
|
Title:
|
Chief
Executive Officer
|
Dated:
June 28, 2010