UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report April 23, 2015
Commission File Number: 00053238
Cemtrex Inc.
(Exact name of small business issuer as specified in its charter)
Delaware
(State or other jurisdiction of incorporation or organization)
30-0399914
(IRS Employer Identification No.)
19 Engineers Lane, Farmingdale, New York
11735
(Address of principal executive offices)
(631) 756-9116
(Registrant's Telephone number)
Not Applicable
(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
(see General Instruction A.2. below):
| ¨ | 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)) |
Item 5.02 Departure of Directors or
Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On April 2, 2015 Ravi
Narayan and on April 22, 2015 Renato DelaRama resigned their roles as Board Members. They will continue to serve the company in
their operational positions as Vice President of Business Development and Vice President of Finance, respectively.
On April 22, 2015 the
Board of Directors (the “Board”) of Cemtrex, Inc. (the “Company”) appointed Raju
Panjwani and Sunny Patel to the Board effective immediately. Both new Directors have been appointed to the Company’s
Audit Committee.
The Board has determined
that both Raju Panjwani and Sunny Patel satisfy the definition of “independent
directors” and the requirements for service on the Board's Audit Committee under the Nasdaq listing standards.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| Exhibit Number |
Exhibit Title |
| 99.1 |
Press Release dated April 23, 2015 |
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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Cemtrex Inc. |
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| Date: April 23, 2015 |
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By: |
/s/ Saagar Govil |
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Name: |
Saagar Govil |
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Title: |
CEO |
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EXHIBIT 99.1
Cemtrex (OTC: CTEID / OTC: CTEI) Appoints Two Independent Directors
As It Focuses on Planned Uplisting to NASDAQ Exchange
08:40 ET from Cemtrex
FARMINGDALE, N.Y.,
April 23, 2015 PRNewswire Cemtrex Inc. (www.cemtrex.com), a diversified technology company, announced today that in preparation
for its planned uplisting to the NASDAQ CM Exchange, it has appointed two new independent directors, Raju Panjwani and Sunny Patel,
effective immediately.
Raju is an accomplished
executive with over 35 years of experience, including 20 years on Wall Street, and 20 years as an entrepreneur and business builder.
Raju was a Managing Director with Morgan Stanley, where he spent 18 years in several senior roles in risk management, audit, strategy
and being the Chief Operating Officer and Country Head for the Firm's India office. Since leaving Morgan Stanley in 2005,
Raju has considerable experience in emerging Asian markets, with a reputation built on focused execution, high integrity and strong
relationships. He has excellent connectivity in US and India with a proven track record in negotiating complex joint
ventures, mergers & acquisitions, and capital raises, particularly within the technology sector. Raju is a CPA in New
York State and spent several years with Price Waterhouse and other accounting firms prior to joining Morgan Stanley.
Sunny Patel presently
serves as a manager for Three Point Capital, a premier specialty finance company. He has vast experience in loan origination and
creative financing vehicles for growth companies and project financing. Before joining Three Point in 2010, Sunny was an equity
derivatives trader at Group 1 Trading for several years. Sunny is an activist investor who focuses on emerging growth companies
with strong fundamentals. He is CFA Level 3 candidate and graduated Cum Laude from New York University's Stern School of Business.
Two of the Board of
Directors of Cemtrex, Ravi Narayan and Renato Delarama have also resigned in their roles as Board Members,
but still continue to serve the company in their operational positions. Cemtrex now has four directors in total, two of which are
independent.
"We are pleased
and fortunate to bring on two excellent new directors, Raju Panjwani and Sunny Patel, who have vast experience in
public markets," said Saagar Govil, Chairman and Chief Executive Officer of Cemtrex. He continued, "Raju's experience
as a senior executive at Morgan Stanley will be immensely valuable to Cemtrex as we continue to grow our investor base and increase
our visibility. Sunny's financial expertise will aid us in growing our business operations, both organically and through acquisitions.
With this important step we are closer to conforming to NASDAQ's requirements of retaining a majority independent board and I am
confident that we will fulfill this requirement in the near future."
About Cemtrex, Inc.
Cemtrex, Inc. (OTC:
CTEI) is a diversified technology company that provides a wide array of solutions to meet today's industrial challenges. Cemtrex,
through its wholly owned subsidiaries provides electronic manufacturing services of custom engineered printed circuit board assemblies,
emission monitors & instruments for industrial processes, and environmental control & air filtration systems for industries
& utilities.
Safe Harbor Statement
This press release
contains forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements
as a result of a number of risks and uncertainties. Statements made herein are as of the date of this press release and should
not be relied upon as of any subsequent date.
For further information, please contact:
Investor Relations
Cemtrex, Inc.
Phone: 631-756-9116
SOURCE Cemtrex
Related Links
http://www.cemtrex.com