Electronic Sensor Technology, Inc - Current report filing (8-K)
September 02 2008 - 1:52PM
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) August 29, 2008
ELECTRONIC SENSOR TECHNOLOGY, INC.
(Exact Name of the Registrant as Specified in Charter)
Nevada 000-51859 98-0372780
________________________________________________________________________________
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
|
1077 Business Center Circle, Newbury Park, California 91320
(Address of Principal Executive Offices)
Registrant's telephone number, including area code (805) 480-1994
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:
|_| 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; Election of Directors.
On August 29, 2008, the board of directors of Electronic Sensor Technology, Inc.
(the "Registrant") accepted the resignation of director Rita Benoy Bushon,
effective as of September 1, 2008 (the "Effective Date"). Ms. Bushon is
resigning in connection with her departure from the position of Executive
Director of Land & General Berhad, the parent company of a shareholder of the
Registrant, L&G Resources (1994) Inc., which beneficially owns approximately
6.18% of the outstanding shares of the Registrant.
On August 29, 2008, the board of directors of the Registrant also elected Low
Gay Teck as a director of the Registrant, effective as of the Effective Date, to
fill the vacancy created by the departure of Ms. Bushon. Mr. Low has served as
Managing Director of Land & General Berhad since January 1, 2008, after serving
as a non-executive director of Land & General Berhad from October 15, 2007.
Prior to joining Land & General Berhad, Mr. Low was the Managing Director of the
Mayland Group from 2005-2007, after serving as a Director of the Mayland Group
from 2002 and a Project Manager with the Mayland Group from 1996. Mr. Low holds
a Bachelor of Civil Engineering from Footscray Institute of Technology,
Australia. Mr. Low will also replace Ms. Bushon as President of L&G Resources
(1994) Inc.
Mr. Low has not been a party to or had a direct or indirect material interest in
any transaction, proposed transaction or series of transactions in which the
Registrant was, is to be or was to have been a party since the beginning of the
Registrant's last fiscal year involving an amount in excess of $120,000 or one
percent of the average of the Registrant's total assets at year-end for the last
three completed fiscal years.
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.
ELECTRONIC SENSOR TECHNOLOGY, INC.
Date: August 29, 2008 By: /s/ Philip Yee
_______________________________
Name: Philip Yee
Title: Secretary, Treasurer and Chief
Financial Officer
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