Date of Report (Date of Earliest Event Reported): November 21, 2007 (November 20, 2007)
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AMERICAN LORAIN CORPORATION
(Exact Name
of Registrant as Specified in Charter) |
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Delaware (State or Other Jurisdiction of Incorporation) |
0-31619
(Commission File Number) |
87-0430320
(IRS Employer Identification No.) |
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Beihuan Road (Address of Principal Executive Offices) (Zip Code) |
(86) 539-7318818
N/A
(Former name or 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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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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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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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
ITEM 5.02 DEPARTURE OF
DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN
OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. On November 20, 2007, Mr. Huanxiang Sheng resigned as Chief
Financial Officer of American Lorain Corporation (the "Company"), effective
immediately. There was no disagreement between Mr. Huanxiang Sheng and the
Company at the time of his resignation. The Board of Directors agreed to the
resignation of Mr. Huang Sheng and appointed Mr. Tomas Wu to serve as the
Company’s Chief Financial Officer, effective the same date. A copy of the press
release is furnished hereto as Exhibit 99.1. Tomas Wu, age 37, became the Company’s Chief Financial
Officer on November 20, 2007. Prior to his appointment, Mr. Wu served as a
Senior Consultant at Beijing Tian Qin Consultant Company for the last eighteen
months. Mr. Wu was the Chief Operating Officer for Caleto (China) Corporation
LTD, a U.S. multinational corporation, headquartered in Beijing since 2001.
Responsible for all phases of that company’s finance and accounting functions,
he instituted a number of effective programs, including putting into operation
an enterprise resource planning (ERP) management system. Mr. Wu obtained his
B.A. in accounting and international marketing from Nanjing University. He also
has a Masters of Business Administration (MBA) from China Foreign Trade
University. Mr. Wu is a Certified Public Account in China. The Company and Mr. Wu have entered into an employment
agreement that will expire on November 19, 2015. Pursuant to the terms of the
employment agreement, Mr. Wu will receive a monthly salary of approximately US$
3947 (RMB 30,000) as compensation for serving as the Chief Financial Officer of
the Company. Mr. Wu will devote 100% of his business time to the affairs of the
Company. A copy of the employment contract translation is furnished hereto as
Exhibit 10.1 by reference. There is no family relationship between Mr. Wu and any
director or executive officer of the Company and there are no transactions
between Mr. Pan and the Company that would require disclosure under Item 404(a)
of Regulation S-K. The information contained in this Current Report on Form 8-K
and the exhibits attached hereto shall not be deemed to be "filed" for purposes
of Section 18 of the Securities Exchange Act of 1934, as amended ("Exchange
Act"), or otherwise subject to the liabilities of that section, nor shall such
information or such exhibits be deemed incorporated by reference in any filing
under the Securities Act of 1933, as amended or the Exchange Act, except as
shall be expressly set forth by specific reference in such a filing. ITEM 9.01 FINANCIAL
STATEMENTS AND EXHIBITS.
(d)
Exhibits
| Exhibit No. | Description |
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.
| AMERICAN LORAIN CORPORATION | |
| Date: November 21, 2007 | By: /s/ Si Chen |
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Si Chen Chief Executive Officer |
EXHIBIT INDEX
Exhibit No.
Description