Current Report Filing (8-k)
April 07 2017 - 5:16PM
Edgar (US Regulatory)
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 (Date of earliest event reported):
April 7, 2017 (April 3, 2017)
(Exact
Name of Registrant as Specified in Charter)
Nevada
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333-201365
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30-0803939
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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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Wisma
Ho Wah Genting, No. 35
Jalan
Maharajalela, 50150
Kuala
Lumpur, Malaysia
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(Address
of Principal Executive Offices)
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Registrant’s
telephone number, including area code:
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603.2143.2889
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(Former
name or former address, if changed since last report)
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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))
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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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(c)
Appointment of Chief Financial Officer
On April 3, 2017, we appointed
Ng Kar Woh (“Mr. Ng”), age 37, to serve as the Chief Financial Officer of Vitaxel Group Limited (“Vitaxel”
or the “Company”).
Mr. Ng previously served as the
Company’s Financial Controller as of February 6, 2017 and was promoted to Chief Financial Officer of the Company on April
3, 2017. Prior to working with the Company, Mr. Ng worked as the Senior Finance Manager of Askme Malaysia, an online e-commerce
company from October 2015 to February 2017. From September 2014 to October 2015, Mr. Ng served as the Regional Finance Team Leader
at Premiere Global Services, a telecommunication company. From August 2012 to September 2014, Mr. Ng served as the Finance Manager
of AWT International Sdn Bhd, an Australian based oil and gas company. Mr. Ng holds a B.S. in accounting and finance from Curtin
University Australia.
In connection with Mr. Ng’s
appointment as Chief Financial Officer, Mr. Ng will receive an annual base salary of RM156,000 and will be eligible to receive
three months’ worth of pay if the Company terminates him without three months prior notice.
With respect to the disclosure
required pursuant to Item 401(d) of Regulation S-K, there are no family relationships between Mr. Ng and any director or executive
officer of the Company, and Mr. Ng does not have any direct or indirect material interest in any transaction required to be disclosed
pursuant to Item 404(a) of the Regulation S-K.
(d)
Appointment of New Directors
Effective April 3, 2017, we appointed
Richard Anzalone (“Mr. Anzalone”) and Lim Wai Khoong (“Mr. Lim”), to fill the two vacancies on our Board
of Directors.
There are no transactions between each of Messrs. Anzalone
and Lim and the Company that would be required to be disclosed pursuant to Item 404(a) of the Regulation S-K.
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: April
7, 2017
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VITAXEL GROUP LIMITED
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By:
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/s/
Leong Yee Ming
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Leong
Yee Ming
Chief Executive Officer
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