Attached files
| file | filename |
|---|---|
| EX-99.2 - CHINA AGRITECH INC | v203987_ex99-2.htm |
| EX-99.1 - CHINA AGRITECH INC | v203987_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 OF 1934
Date of
Report (Date of Earliest Event Reported): November 19,
2010
CHINA
AGRITECH, INC.
(Exact
name of registrant as specified in its charter)
|
Delaware
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000-34458
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75-2955368
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(State
of Incorporation)
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(Commission
File No.)
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(IRS
Employer ID No.)
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Room
3F No. 11 Building, Zhonghong International Business Garden
Future
Business Center,
Chaoyang
North Road, Chaoyang District, Beijing, China 100024
(Address
of Principal Executive Offices)
Registrant’s
Telephone Number, Including Area Code: (86) 10-59621278
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):
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o
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Written
communications pursuant to Rule 425 under the Securities Act (17
CFR.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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o
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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. Departure Of Directors Or Principal Officers; Election Of Directors;
Appointment Of Principal Officers.
On
November 19, 2010, the Board of Directors of China Agritech, Inc. (the
“Company”), appointed Choo Ju Tan to replace Lingxiao Dai as the Company’s VP of
Finance.
From
April to November 2010, Ms. Tan worked at the Company as its Assistant
Chief Financial Controller. From December 2007 to September 2009, Ms.
Tan worked at PricewaterhouseCoopers in Beijing, as a member of the assurance
and advisory business services team. From February 2006 to December
2007, Ms. Tan worked at Ernst & Young Hua Ming in Beijing as member of the
assurance and advisory business services team and the team leader in charge of
the audit of several multi-national corporations. From July 2004 to
February 2006, Ms. Tan served as the Financial Controller of TAE Engineering
Works Sdn. Bhd., a medium-sized Malaysian company, where she established and
implemented a comprehensive internal control system for the
company. From April 2001 to June 2004, Ms. Tan worked in the
assurance and advisory business services group at Deloitte in
Penang, Malaysia. Ms. Tan earned her Bachelor of Accountancy at the
Northern University of Malaysia and is a Chartered Accountant (C.A.) of the
Malaysia Institute of Accountants. She speaks English, Malay and
Mandarin Chinese.
Ms. Tan
has no family relationships with any of the executive officers or directors of
the Company.
On
November 19, 2010, Ms. Tan entered into a two-year employment agreement with the
Company. Pursuant to the agreement, Ms. Tan’s annual base salary is
$69,000 and Ms. Tan may not engage in any competing business during her
employment with the Company or for the 12 months following the termination of
her employment with the Company. Ms. Tan may terminate her employment
upon 30 days’ written notice to the Company. The Company may
terminate Ms. Tan’s employment at any time for cause or if Ms. Tan were totally
disabled. Disputes arising under the agreement are to be settled by
arbitration, and the agreement is governed by the laws of Hong Kong. A copy of
the agreement is attached as Exhibit 99.1 to this Current Report on Form
8-K.
Item
8.01 Other Events
On
November 19, 2010 the Company issued a press release announcing the appointment
of Ms. Tan. A copy of the press release is attached as Exhibit 99.1
to this Current Report on Form 8-K.
Item
9.01 Financial Statements and Exhibits
(d)
Exhibits.
| Exhibit No. | Description | |
| 99.1 | Employment Agreement between the Company and Choo Ju Tan dated November 19, 2010. | |
| 99.2 | Press release dated November 19, 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.
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CHINA
AGRITECH, INC.
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Date:
November 24, 2010
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/s/
Yu Chang
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Yu
Chang
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Chief
Executive Officer
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Exhibit
Index
| Exhibit No. | Description | |
| 99.1 | Employment Agreement between the Company and Choo Ju Tan dated November 19, 2010. | |
| 99.2 | Press release dated November 19, 2010. |