- Current report filing (8-K)
February 22 2011 - 5:18PM
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):
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February
15, 2011
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Davi Luxury Brand Group, Inc.
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(Exact name of registrant as specified in its charter)
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Nevada
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000-53609
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26-2463412
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(State or other jurisdiction
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(Commission
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(I.R.S. Employer
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of incorporation)
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File Number)
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Identification No.)
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9426 Dayton Way
Beverly Hills, CA
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90210
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(Address of principal executive offices)
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(Zip Code)
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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:
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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.
Effective February 15, 2011, Davi Luxury Brand Group, Inc. (the
“Company”) entered into an employment agreement (the “Employment
Agreement”) with J. Bernard Rice, pursuant to which Mr. Rice is employed
as the Company’s Chief Financial Officer through February 15, 2012,
subject to earlier termination as provided in the Employment
Agreement. Under the Employment Agreement, Mr. Rice is entitled to
receive 50,000 shares of the Company’s common stock (“Common Stock”) on
each of the following dates: (i) April 1, 2011; (ii) July 1, 2011; (iii)
October 1, 2011; and (iv) January 1, 2012, for an aggregate of 200,000
shares of Common Stock. Additionally, Mr. Rice will be entitled to
receive compensation from the Company for certain services provided to
the Company by Mr. Rice outside his capacity as Chief Financial
Officer. A copy of the press release announcing Mr. Rice’s appointment
is attached as Exhibit 99.1 to this Current Report on Form 8-K.
Mr. Rice, 56, has an extensive financial background, including over 25
years of experience in the financial industry. From 2004 to the
present, Mr. Rice has been the Chief Financial Officer of Best Practice
Networks, Inc., a developer of on-line learning technology for K-12
students and adult career education students. Mr. Rice is also the
Chief Financial Officer of Crescent Financial Partners, Inc., a private
equity merchant-banking firm, and is a member of the Board of Directors
of Omni Ventures, Inc., a public company. Mr. Rice began his career
with IBM in sales in 1977. His work in business case structure and
portfolio analysis positioned Mr. Rice in 1985 for a role as IBM’s
Finance Director for Application Software. In 1990, Mr. Rice
was appointed Director of Finance, Planning and Administration for IBM’s
Southern Area. In 1993, Mr. Rice became Chief Financial Officer and
General Partner for IBM Venture Capital Group, and was appointed Vice
President of Business Development for IBM’s Consumer Division in 1998.
Prior to Mr. Rice’s appointment as the Company’s Chief Financial
Officer, Parrish Medley, the Company’s President, Chief Executive
Officer and Secretary, acted as the Company’s interim Chief Financial
Officer.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.
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Description
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99.1
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Press Release, dated February 16, 2011, announcing the appointment
of J. Bernard Rice as Chief Financial Officer of the Company
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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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DAVI LUXURY BRAND GROUP, INC.
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February 22, 2011
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By:
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/s/ Parrish Medley
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Name: Parrish Medley
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Title: President and Chief Executive Officer
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