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 Event Requiring Report: August 18, 2016
SUNVESTA, INC.
(Exact name of registrant as specified in its charter)
FLORIDA
(State or other jurisdiction of incorporation or organization)
000-28731
98-0211356
(Commission File Number)
(IRS Employer Identification Number)
Hans Rigendinger, Chief Executive Officer
Seestrasse 97, Oberrieden, Switzerland CH-8942
(Address of principal executive offices)
+ 41 43 388 40 60
(Registrants 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))
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ITEM 5.02
DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF
DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS
_____________________________________________________________________________________
(c)
On August 18, 2016, the Board of Directors of SunVesta, Inc. (Company) appointed Hans
Rigendinger as its Chief Executive Officer, Chief Financial Officer and Principal Accounting Officer, on
an interim basis. He also serves as Chief Operating Officer and as a member of the Board of Directors
(Board). Mr. Rigendinger is 70 years old. The interim executive appointments are due to the unforeseen
onset of a critical health condition that has rendered Mr. Josef Metter incapable of fulfilling his executive
duties. The Board expects that Mr. Mettler will return to his former responsibilities on making a full
recovery.
Mr. Rigendinger earned a Masters Degree in Civil Engineering, with an emphasis on supporting
structures and foundations at the Swiss Federal Institute of Technology in 1969. Since 1972 he has led his
own engineering firm in the planning and implementation of a variety of commercial projects employing
a staff of up to 40 employees. Mr. Rigendinger and his company have been responsible for the planning
and implementation of over 300 bridge structures, approximately 500 buildings and a few dozen large
industrial plants. He has been involved in several real estate projects that have included commercial,
residential and tourist properties.
Mr. Rigendinger has not entered into any separate employment agreement in connection with his
appointment as Chief Executive Officer, Chief Financial Officer and Principal Accounting Officer. He
continues to be compensated pursuant to an employment agreement dated December 31, 2012, with the
Company and an employment agreement dated January 17, 2013, with SunVesta AG, a wholly owned
subsidiary of the Company, pursuant to which he receives base salaries and is entitled to receive bonuses
in addition to certain benefits including per diem allowances, car allowances, housing allowances, and
representation allowances. The employment agreement with the Company also provides for a signing
bonus payable in Company stock, stock options and an annual retention award. The initial term of the
employment agreement expires on December 31, 2015, and can be renewed for two successive one year
terms. The Company has elected to renew Mr. Rigendingers employment agreement for a one-year term
with a further option to renew for an additional year.
Mr. Rigendinger has not entered into any arrangement or understanding with any other persons in
connection with his appointment as the Companys Chief Executive Officer, Chief Financial Officer and
Principal Accounting Officer.
Ms. Rigendinger is not related to any director, executive officer or person nominated or chosen by the
Company to become a director or executive officer.
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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.
SunVesta, Inc.
Date
By: /s/ Hans Rigendinger
August 19, 2016
Name: Hans Rigendinger
Title: Chief Executive Officer and Chief Financial Officer
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