Attached files
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| EX-99.1 - EX-99.1 - AgFeed Industries, Inc. | v211737_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
February 14,
2011
Date of
Report (Date of earliest event reported)
AgFeed
Industries, Inc.
(Exact
name of registrant as specified in its charter)
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Nevada
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001-33674
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20-2597168
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(State
or other jurisdiction
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(Commission
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(IRS
Employer
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of
incorporation)
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File
Number)
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Ident.
No.)
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Suite A1001-1002,
Tower 16, Hengmao Int’l Center
Nanchang
City, Jiangxi Province, China
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330003
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(Address
of principal executive offices)
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(Zip
Code)
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86-791-6669093
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Registrant’s
telephone number, including area code
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N/A
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(Former
name or former address, if changed since last
report.)
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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))
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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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On
February 14, 2011, Dr. Songyan Li resigned as Chairman of the Board of
Directors and as a director of AgFeed Industries, Inc.
(the “Company”). Also on February 14, 2011, Junhong Xiong
resigned as President and Chief Executive Officer and as a director of the
Company. Neither resignation was the result of any disagreement with the
Company on any matter relating to its operations, policies or practices.
Dr. Li beneficially owns 1,826,328 shares of the Company’s common
stock. Of such shares, 1,080,000 shares have been pledged as security
for a personal loan. Mr. Xiong beneficially owns
4,086,074 shares of the Company’s common stock. Of such shares,
1,680,000 shares have been pledged as security for a personal
loan.
John A.
Stadler, a director of the Company, was elected as Chairman of the Board of
Directors of the Company and has been appointed as Interim President and Chief
Executive Officer of the Company until a replacement is appointed.
Mr. Stadler, age 67, served as chairman of the board of directors of
M2 P2, LLC, a leading U.S. hog production company (“M2P2”), from its
formation in 2004 until its acquisition by the Company on September 13,
2010. Since September 13, 2010, Mr. Stadler has served as a
member of the Company’s board of directors and as a member on each of the Audit
Committee, the Compensation Committee, and the Nominating and Corporate
Governance Committee. For more information regarding Mr. Stadler,
reference is made to the Company’s Current Report on Form 8-K filed on
September 17, 2010.
Also on
February 14, 2011, Edward Pazdro was appointed Chief Financial Officer of
the Company. As previously reported in the Company’s Current Report on
Form 8-K filed on November 16, 2010, Mr. Pazdro had been serving
as Acting Chief Financial Officer of the Company. For additional
information regarding Mr. Pazdro, reference is made to Item 5.02 of
the Current Report on Form 8-K referenced in the prior
sentence.
For
additional information, reference is made to the press release, which is
attached hereto as Exhibit 99.1 and incorporated herein by
reference.
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Item 9.01
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Financial
Statements and Exhibits.
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(d)
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Exhibits:
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99.1
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Press
release, dated February 14, 2011, of AgFeed
Industries, Inc.
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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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AGFEED
INDUSTRIES, INC.
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Dated: February 16,
2011
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By:
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/s/ Gerard
Daignault
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Gerard
Daignault
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Chief
Operating Officer
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EXHIBIT
INDEX
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Exhibit
Number
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Description
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99.1
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Press
release, dated February 14, 2011, of AgFeed
Industries, Inc.
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