Current Report Filing (8-k)
January 30 2019 - 4:12PM
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): January 30, 2019 (January 25, 2019)
JAKROO
INC.
(Exact
name of registrant as specified in its charter)
Nevada
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333-217412
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86-1565811
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(State
or other Jurisdiction
of Incorporation)
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(Commission
File Number)
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(IRS
Employer
Identification No.)
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5906
Stoneridge Mall Road
Pleasanton,
CA
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94588
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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:
(800) 485-7067
(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:
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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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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[ ]
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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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Emerging
growth company [X]
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.
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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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Effective
January 25, 2019, Wei Tan resigned as the Chief Financial Officer of Jakroo Inc. (the “Company”) for personal reasons.
There were no disagreements between the Company and Ms. Tan on any matters relating to the Company’s operations, policies
or practices. Notwithstanding her resignation as Chief Financial Officer of the Company, Ms. Tan will continue to serve as a director
of the Company and a member of the Audit Committee of the Company’s Board of Directors (the “Board”).
Effective
January 25, 2019, the Board appointed David Wang to serve as the Company’s Chief Financial Officer.
Mr.
Wang has more than 25 years of experience in tax compliance, financial reporting and business consulting. He also been serving
as Chief Financial Officer of Rider Sportsfashion LLC, the Company’s U.S. operating subsidiary (“Jakroo US”),
since January 2019 and also served as a financial consultant to Jakroo US from 2011 to 2018. Mr. Wang started his public accounting
practice as a sole practitioner in 1993 to assist small and medium sized businesses in different industries. Prior to starting
his own business, Mr. Wang served as a senior accountant position at an accounting firm and a senior tax auditor at a government
agency between 1987 and 1993. Mr. Wang received his Bachelor’s degree in Business Administration, Accounting Option from
California State University, East Bay. He is a certified public accountant.
On
January 2, 2019, Mr. Wang entered into an employment agreement with Jakroo US, pursuant to which he is entitled to a monthly
salary of $4,000 and an option to purchase 80,000 shares of common stock of the Company. The option has a term of 10 years and
an exercise price of $1.05 per share. Pursuant to such agreement, his employment can be terminated with or without cause upon
notice set forth thereunder.
Mr.
Wang has no family relationships with any director or executive officer of the Company. Other than transactions disclosed herein,
there are no transactions between the Company and Mr. Wang that will be required to be reported pursuant to Item 404(a) of Regulation
S-K.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
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Jakroo
Inc.
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Date:
January 30, 2019
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By:
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/s/
Weidong (Wayne) Du
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Weidong
(Wayne) Du
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Chief
Executive Officer
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