- Current report filing (8-K)
November 06 2008 - 5:17PM
Edgar (US Regulatory)
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 4, 2008
ASIA
TIME CORPORATION
(Exact
Name of Registrant as Specified in Charter)
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Delaware
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001-33956
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20-4062619
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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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Identification
No.)
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Room
1601-1604, 16/F., CRE Centre
889
Cheung Sha Wan Road, Kowloon, Hong Kong
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N/A
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(Address
of principal executive offices)
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(Zip
code)
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Registrant’s
telephone number, including area code:
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(852)-23100101
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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:
|
o
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Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
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o
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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
November 4, 2008, the Board of Directors of Asia Time Corporation (the
“Company”)
approved
an amendment to the Company’s
2008
Equity Incentive Plan by adopting the
Amended
and Restated 2008 Equity Incentive Plan (the “Plan”).
The
purpose of the amendment is to limit the aggregate number of shares that the
Company may issue pursuant to the Plan during any twelve (12) month period
during the term of the Plan to 10% of the average number of issued and
outstanding shares during such 12-month period. As a result, issuances under
the
amended Plan will not result in an adjustment to the conversion price of the
convertible bonds that the Company issued in November 2007.
A
copy of
the Amended and Restated 2008 Equity Incentive Plan is filed as Exhibit 4.1
hereto and is incorporated herein by reference.
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Item
9.01
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Financial
Statements and Exhibits.
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(d)
Exhibits
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Exhibit
Number
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Description
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4.1
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Amended
and Restated Asia Time Corporation 2008 Equity Incentive
Plan.
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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.
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Date:
November
4, 2008
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ASIA
TIME CORPORATION
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By:
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/s/
Kwong Kai Shun
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Name
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Kwong
Kai Shun
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Title:
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Chief
Executive Officer, Chief Financial Officer and Chairman of the
Board
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EXHIBIT
INDEX
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Exhibit
Number
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Description
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4.1
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|
Amended
and Restated Asia Time Corporation 2008 Equity Incentive
Plan.
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