Current Report Filing (8-k)

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): July 24, 2017

NOVA LIFESTYLE, INC.

(Exact name of registrant as specified in its charter)

Nevada		011-36259		90-0746568
(State or other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

6565 E. Washington Blvd., Commerce, CA		90040
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (323) 888-9999

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:

☐	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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

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

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 24, 2017, the Compensation Committee of the Board of Directors (the “Board”) of Nova Lifestyle, Inc. (the “Company”) increased the annual base salary of Thanh H. Lam, the Chairperson, President and Chief Executive Officer of the Company, from $80,000 to $100,000, effective immediately (the “Salary Increase”). On July 24, 2017, the Board approved and adopted the Salary Increase and an amendment to the Amended and Restated Employment Agreement of Ms. Lam to effect the Salary Increase (the “Amendment”), and the Amendment was executed by Ms. Lam and the Company on the same day.

The foregoing description of the Amendment is only a summary of the terms of the Amendment and does not purport to be a complete description of such document, and is qualified in its entirety by reference to the Amendment, a copy of which is attached as an exhibit hereto and which is incorporated by reference into this Item 5.02.

Item 9.01

Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description
10.1#		Amendment to Amended and Restated Employment Agreement, dated July 24, 2017, between Thanh H. Lam and Nova Lifestyle, Inc.

# Indicates management contract or compensatory plan, contract or arrangement.

SIGNATURE

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.