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
Report (Date of earliest event reported): October 25, 2010
Prime
Estates & Developments, Inc.
(Name of
registrant in our charter)
Nevada
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333-162597
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27
0611758
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||
(State
or other jurisdiction of
incorporation
or organization)
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(Commission
File Number)
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IRS
I.D.
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200
South Wacker Drive, Suite 3100, Chicago, Illinois,
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60606
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(Address
of principal executive offices)
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(Zip
Code)
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Telephone: 312.674.4529
(address
and telephone number)
4709
West Golf Rd, Suite 425, Skokie, Illinois
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60076
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(Address
of principal executive offices)
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(Zip
Code)
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(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))
Section
5 - Corporate Governance and Management
Item
5.02 (c). Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
By letter
dated October 21, 2010 but only received by the Company on October 25, 2010, Mr.
Spiros Sinnis resigned as President and a Director of the Company effective
October 21, 2010. His letter did not indicate any disagreement with
management or state any reason for his resignation.
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 thereunto
duly authorized.
Prime
Estates & Developments, Inc.
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Date:
October 25, 2010
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/s/
Panagiotis Drakopoulos
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Panagiotis
Drakopoulos
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Principal
Executive Officer
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