SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 9, 2012
CIRALIGHT GLOBAL, INC.
(Exact name of registrant as specified in its charter)
Nevada 0-54036 26-4549003
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification Number)
670 E. Parkridge, Suite 112, Corona, California 92879
(Address of Principal Executive Offices) (Zip Code)
(Registrant's telephone number, including area code)
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):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
[ ] Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.133-4(c))
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS WITH
Effective April 9, 2012, the Company appointed Jarett Fenton, age 35, as
the Chief Financial Officer of the Company.
Since March 2011, Mr. Fenton has served as a Director at Orchid Capital
Partners. Orchid Capital is a transaction and capital markets consultancy
focused on helping small and mid-sized businesses raise funding and execute
strategic transactions. From December 2005 to December 2010, Mr. Fenton served
as Chief Financial Officer at Enova Systems. Enova designs and manufactures
clean vehicle drive systems for heavy vehicle applications. Enova is a dual
listed public company with active listings on NYSE Amex and London AIM. At
Enova, Mr. Fenton solicited and managed an international investor base that
included bulge bracket financial institutions, conglomerate pension funds, hedge
funds, venture funds, and private capital sources. During his five year tenure,
Mr. Fenton executed several multi tranche international equity raises of ~$50M.
While at Enova, he oversaw a capital expenditure program of ~$30M, and managed
high profile federal stimulus and incentive programs.
From March 2003 through February 2007, Mr. Fenton served as the Chief
Executive of the Clarity Group, a company he founded. The Clarity Group is a SEC
reporting and corporate compliance consultancy. Mr. Fenton's primary
responsibility was practice development and he eventually grew the company to
include such clients as Countrywide Financial and PC Mall Inc., as well as
smaller SEC registrants. From September 1998 to March of 2003, Mr. Fenton served
as a Senior Associate in the Middle Market practice of PricewaterhouseCoopers in
the Orange County, CA office. At PricewaterhouseCoopers Mr. Fenton facilitated
audit engagements, worked on SEC reporting issues, controls assessments, client
reporting, financial guidance interpretation and staff development. Mr. Fenton
has a BA in Business Economics with an emphasis in Accounting from the
University of California at Santa Barbara and is a Certified Public Accountant
in the State of California.
Mr. Fenton is currently on contract from Orchid Capital Partners. Payments
for Mr. Fenton's services as our Chief Financial Officer are in the amount of
$5,000 per month. The contract is open ended and at will for both parties. The
Board of Directors and Mr. Fenton are currently negotiating a long term cash and
equity compensation plan.
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Dated: April 16, 2012
CIRALIGHT GLOBAL, INC.
By: /s/ Jeffrey S. Brain
Jeffrey S. Brain
President and Chief Executive Officer