Current Report Filing (8-k)
November 17 2017 - 05:01PM
Edgar (US Regulatory)
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 17, 2017
CHINA
GREEN AGRICULTURE, INC.
(Exact
name of Registrant as specified in charter)
Nevada
|
|
001-
34260
|
|
36-3526027
|
(State
or other jurisdiction
|
|
(Commission
File No.)
|
|
(IRS
Employer
|
of
Incorporation)
|
|
|
|
Identification
No.)
|
3
rd
Floor, Borough A, Block A.
No.181
South Taibai Road
Xi’an,
Shaanxi Province
People’s
Republic of China 710065
(Address of principal executive offices)
(Zip Code)
Registrant's
telephone number, including area code:
+86-29-88266368
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 (17CFR230.425)
|
|
|
☐
|
Soliciting
material pursuant to Rule14a-12 under the Exchange Act (17CFR240.14a-12)
|
|
|
☐
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR240.14d-2(b))
|
|
|
☐
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17CFR240.13e-4(c))
|
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐
Item
5.02.
|
Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
|
On
November 16, 2017, The Company’s board of directors appointed Zhuoyu (“Richard”) Li as its Chief Financial Officer
(“CFO”), effective November 17, 2017. As CFO, Mr. Li will oversee the Company’s finance, accounting, corporate
development, corporate security, financial planning and analysis, investor relations and financial reporting, internal audit,
tax and treasury areas of the business. Mr. Li takes over the CFO role from Ken Ren. Mr. Ren resigned from the Company for personal
reasons. His resignation did not result from any disagreement with the Company
Mr.
Li has served as the President of our company since May 11, 2016. Mr. Li has four years of experience in the agricultural industry.
Prior to joining the Company, Mr. Li has served as Chief Operating Officer at the Company’s affiliate, 900LH.com Food Co.,
Ltd. (“900LH.com”) since January 2016. From January 2015 to January 2016, Mr. Li served as a senior manager at the
international department of 900LH.com, where he helped to develop the international market. Richard served as a senior manager
at the customer center of 900LH.com from March 2013 through January 2015. He studied business at the University of Auckland in
2012.
The
Board has determined that Mr. Li is a good fit for the position given his business education, agriculture background, and his
executive experience in the industry.
There are no arrangements or understandings
between Mr. Li and any other persons pursuant to which he was selected as chief financial officer. Except for Mr. Tao Li and Mr.
Zhuoyu “Richard” Li, who are father and son, there is no other family relationship between Mr. Li and any director
or executive officer of the Company. Mr. Li has no direct or indirect material interest in any transaction required to be disclosed
pursuant to Item 404(a) of Regulation S-K.
The Company entered
into an employment agreement (the “Employment Agreement”) with Mr. Li dated and effective as of November 17, 2017.
Pursuant to the terms of the Employment Agreement, Mr. Li will serve as our chief financial officer for a term of one year
at an annual salary of $100,000. Mr. Li is eligible for a yearly bonus at the discretion of our board of directors. The
Employment Agreement will be automatically extended for additional one-year terms unless either party provides written notice
of termination sixty (60) days prior to the end of the prior term. Either party may terminate the Employment Agreement upon
thirty (30) days written notice, or, at our discretion, we may terminate the Employment Agreement immediately and substitute thirty
(30) days salary in lieu of written notice. In the event of a breach of the Employment Agreement by Mr. Li, or in the
event Mr. Li is terminated for “cause” (as defined therein), the Employment Agreement may be terminated immediately
without notice and without further payments.
The
foregoing description of the Employment Agreement does not purport to be complete and is qualified in its entirety by reference
to the Employment Agreement which is attached as Exhibit 10.1 to this Current Report on Form 8-K.
Item
9.01.
|
Financial
Statements and Exhibits.
|
The
following is filed as exhibits to this report:
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.
Date:
November 17, 2017
|
CHINA
GREEN AGRICULTURE, INC.
|
|
|
(Registrant)
|
|
|
|
|
By:
|
/s/
Tao Li
|
|
|
Tao
Li
|
|
|
Chairman
of the Board of Directors
and Chief Executive Officer
|
EXHIBIT
INDEX
4
China Green Agriculture (NYSE:CGA)
Historical Stock Chart
From Feb 2024 to Mar 2024
China Green Agriculture (NYSE:CGA)
Historical Stock Chart
From Mar 2023 to Mar 2024