Attached files
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| EX-99.1 - A.G. Volney Center, Inc | v206997_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): December 31, 2010
Buddha Steel,
Inc.
(Exact
name of registrant as specified in its charter)
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Delaware
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000-52269
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13-4260316
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(State
or Other Jurisdiction
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(Commission
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(I.R.S.
Employer
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of
Incorporation)
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File
Number)
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Identification
No.)
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Dachang
Hui Autonomous County Industrial Park
Hebei,
065300 People’s Republic of China
(Address
of Principal Executive Office) (Zip Code)
Telephone
– +86 316 8864783
(Registrant’s
telephone number, including area code)
N/A
(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:
¨ 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
4.02 NON-RELIANCE ON PREVIOUSLY ISSUED FINANCIAL STATEMENTS OR A RELATED AUDIT
REPORT OR COMPLETED INTERIM REVIEW.
On
December 31, 2010, the Chief Financial Officer of the Registrant (who is
authorized to take such action) concluded that the unaudited consolidated
financial statements included in the Registrant’s Quarterly Reports on Form 10-Q
for the three months ended June 30, 2010 and September 30, 2010 and in the
Registrant’s Current Report on Form 8-K filed on April 30, 2010, which included
audited financial statements for the years ended December 31, 2009 and 2008 (the
“Original Filings”), should no longer be relied upon due to an understatement of
provisions for income taxes in such periods. This understatement resulted in an
overstatement of net income, comprehensive income and income per share of common
stock, and an
understatement of tax liability during each period
presented.
Management
and the Registrant’s Board of Directors brought this matter to the attention of
and discussed this matter with the Registrant’s independent registered public
accounting firm.
The
Registrant filed is currently working with the Registrant’s independent
registered public accounting firm to amend the Original Filings to address the
matters described above.
ITEM
8.01 OTHER EVENTS.
On
December 31, 2010, the Registrant filed a press release regarding the
Registrant’s engagement of Brook & Harvest Management Consulting Co., Ltd.
to assist the Registrant in meeting its Sarbanes-Oxley obligations. A copy of
the press release announcing this engagement is attached hereto as Exhibit
99.1.
ITEM
9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(a)
Financial statements of businesses acquired.
Not
Applicable.
(b)
Pro forma financial
information.
Not
Applicable.
(c) Shell
company transactions.
Not
Applicable.
(d) Exhibits.
99.1
Press release dated December 31, 2010, entitled “Buddha Steel Appoints
Brook & Harvest as SOX Compliance Consultant”.
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
thereunto duly authorized.
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BUDDHA
STEEL, INC.
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By:
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/s/
Yuanmei Ma
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Yuanmei
Ma
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Chief
Financial Officer
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Dated:
December 31,
2010
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