Current Report Filing (8-k)
January 23 2019 - 12:08PM
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 23, 2019 (January 17, 2019)
TAKUNG ART CO., LTD
(Exact name of registrant as specified
in its charter)
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Delaware
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001-38036
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26-4731758
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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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Flat/RM 03-04 20/F Hutchison House
10 Harcourt Road, Central Hong Kong
(Address of Principal Executive Offices)
Registrant’s telephone number:
+852 3158 0977
________________________________________________
(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):
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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))
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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
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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.
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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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On January 17, 2019, one of the directors
of Takung Art Co., Ltd (the “Company”), Mr. Ming Cheng entered into an employment agreement (the “Agreement”)
with the Company’s PRC subsidiary, Takung Cultural Development (Tianjin) Co., Ltd to assume the position of Vice President.
The Agreement provides,
inter alia
, for an initial
probation period of 2 months from January 17, 2019 and describes Mr. Cheng’s duties as project management and assisting in
other ad hoc duties as assigned. Mr. Cheng shall be paid a monthly salary of RMB 30,000 (approximately US$4,440). Mr. Cheng’s
employment was approved by the Company’s Compensation Committee and ratified by the Company’s board of directors on
January 16, 2019.
The foregoing description of the Agreement
is qualified in its entirety by reference to the text of the Agreement, a copy of which is filed herewith as Exhibit 10.1, and
is incorporated herein by reference.
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Item 9.01
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Financial Statements and Exhibits.
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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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Takung Art Co., Ltd
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Date: January 23, 2019
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/s/ Chun Hin Leslie
Chow
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Name: Chun Hin Leslie Chow
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Title: Acting Chief Executive Officer
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