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 19, 2010
FIRST
NATIONAL ENERGY CORPORATION
(Exact
name of registrant as specified in its charter)
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Nevada
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333-62588
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66-0349372
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(State
of Incorporation)
|
(Commission
File Number)
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(IRS
Employer Identification No.)
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1551
Second Street
Sarasota,
Florida 34236
(Address
of principal executive offices, including zip code)
(416)
918-6987
(Registrant's
telephone number, including area code)
(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):
|_| 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
Principal Officers; Election of Directors; Appointment of Principal
Officers.
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(c)
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(1) On
July 19, 2010, the Company’s board of directors appointed Mr. Gregory
Sheller, age 59, to a vacant position on the Company’s board of directors
and to the office of Executive Vice President, to serve until his death,
resignation or removal.
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(2) At
and prior to July 19, 2010, there was no material relationship between the
Company and Gregory Sheller, between Gregory Sheller and our affiliates,
directors or officers, or between any associates of Gregory Sheller and our
officers or directors. There is no particular arrangement or
understanding between Gregory Sheller or any other person pursuant to which
Gregory Sheller was to be selected as a director and officer of the
Company.
During
the past five years, Gregory Sheller’s principal occupation and employment has
been as a real estate consultant with Re/Max Alliance Group, a real estate firm
headquartered in Sarasota, Florida, which is not a parent, subsidiary or other
affiliate of the Company.
Gregory
Sheller does not hold any other directorships in any company with a class of
securities registered pursuant to section 12 of the Exchange Act or subject to
the requirements of section 15(d) of such Act or any company registered as an
investment company under the Investment Company Act of 1940, 15 U.S.C. 80a-1,
et seq., as
amended.
(3) There
is no plan, contract or arrangement (whether or not written) which Gregory
Sheller and the Company have entered into or in which Gregory
Sheller participates in connection with his appointment as a director
and officer of the Company.
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(d)
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(1) The
name of the newly elected director is Gregory Sheller and the date of his
election to the Company’s Board of Director is July 19,
2010.
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(2) There
is no particular arrangement or understanding between Gregory
Sheller and any other person pursuant to which Gregory Sheller has
been selected as a director and officer of the Company.
(3) The
Company has not yet determined what committees of the Board of Directors to
which Gregory Sheller may be expected to be named.
(4) Since
January 1, 2010, the beginning of the Company’s last fiscal year, there has not
been any transaction, or series of similar transactions, nor is there any
currently proposed transaction, or series of similar transactions, to which the
Company or any of its subsidiaries was or is to be a party, in which the amount
involved exceeds $60,000 and in which any of the following persons had, or will
have, a direct or indirect material interest:
(i) Any
director or executive officer of the Company;
(ii) Any
nominee for election as a director;
(iii) Any
security holder who is known to the Company to own of record or beneficially
more than five percent of any class of the Company's voting securities;
and
(iv) Any
member of the immediate family of any of the foregoing persons.
(v) Not
Applicable.
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(e)
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The
Company has not entered into, adopted or otherwise commenced any material
compensatory plan, contract or arrangement (whether or not written) as to
which the Company’s principal executive officer, principal financial
officer, or any other executive officer participates or is a
party.
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SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunder duly authorized.
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First
National Energy Corporation
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Dated:
July 22, 2010
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By:
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/s/ Doug Lindeblom | |
| Name Doug Lindeblom | |||
| Title President and C.E.O. | |||