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
report (Date of earliest event reported): September 7,
2010
OmniReliant
Holdings, Inc.
(Exact
name of registrant as specified in its charter)
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Nevada
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000-51599
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54-2153837
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(State
or Other Jurisdiction
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(Commission
File
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(I.R.S.
Employer
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of
Incorporation)
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Number)
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Identification
Number)
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14375
Myerlake Circle
Clearwater,
FL 33760
(Address
of principal executive offices) (zip code)
(727)
230-1031
(Registrant's
telephone number, including area code)
(Former
name or former address, if changed since last report)
Copies
to:
Darrin M.
Ocasio, Esq.
Sichenzia
Ross Friedman Ference LLP
61
Broadway, 32 nd
Floor
New York,
New York 10006
Phone:
(212) 930-9700
Fax:
(212) 930-9725
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 Instructions 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))
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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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Effective
September 7, 2010, OmniReliant Holdings, Inc. (the “Company”)
appointed Shadron Stastney and Keith Hughes as members of its Board of
Directors.
Mr.
Stastney is a founding partner of Vicis Capital LL (”Vicis”). He graduated
from the University of North Dakota in 1990 with a B.A. in Political Theory and
History, and from Yale Law School in 1994 with a J.D. focusing on corporate and
tax law. From 1994 to 1997, he worked as an associate at Cravath, Swaine
and Moore in New York, where he worked in the tax group and in the corporate
group, focusing on derivatives. In 1997, he joined CSFB’s then-combined
convertible/equity derivative origination desk. From 1998 through 2001, he
worked in CSFB’s corporate equity derivatives origination group, eventually
becoming a Director and Head of the Hedging and Monetization Group, a joint
venture between derivatives and equity capital markets. In 2001, he
jointly founded Victus Capital Management, LP, and in 2004, he jointly founded
Vicis. Mr. Stastney also jointly founded Vicis Capital Management LLC
in 2001. Mr. Stastney has been a director of Quality Health Plans
since February 2010, China Hydro since January 2010, Master Silicone Carbide
since September 2008, Amacore Holdings, Inc. since August 2008, Care Media since
April 2007, China New Energy since August 2008, Zurvita Holdings, Inc. since
March 2010, Age of Learning since March 2010 and OptimizeRX Corporation since
July 2010. Mr. Stastney was a director of Medical Solutions
Management from October 2007 to January 2009 and MDWerks from May 2008 to August
2009.
Mr. Hughes has served as the Chief
Financial Officer and Chief Compliance Officer of Vicis since
2006. Mr. Hughes is a Certified Public Accountant and graduated from
St. John’s University in 1978 with a B.A. in Accounting. He joined Vicis in January 2006 from
International Fund Services, the fund’s administrator, where he was a Managing
Director of Operations since 2001. From 1998 to 2001, he has held various
financial roles with hedge funds including Treasurer, Controller and Chief
Financial Officer. From 1986 to 1998 he worked at UBS where he was a Managing
Director and the Equity Controller for North America. Previous to UBS he worked
at Dean Witter, Merrill Lynch and McGladery & Pullen, C.P.A.s. Mr. Hughes has been a director of
Quality Health Plans since February 2009, Amacore Holdings, Inc. since February
2010 and Zurvita Holdings, Inc. since March 2010.
Vicis
Capital, LLC is the holder of 93.7% of the Company’s outstanding voting
capital.
SIGNATURES
Pursuant
to the requirements of the Securities and Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
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OmniReliant
Holdings, Inc.
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Dated:
September 10, 2010
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By: /s/
Robert DeCecco
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Name: Robert
DeCecco
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Title:
Chief Executive Officer
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