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 31, 2010
KIWIBOX.COM,
INC.
(Exact
name of registrant as specified in its charter)
Delaware
(State
or other jurisdiction of incorporation)
|
33-20432
|
75-2228828
|
|
(Commission
File Number)
|
(IRS
Employer Identification
No.)
|
|
330 West 38th Street, Suite 1602, New York,
New York 10018
|
||
|
(Address
of principal executive offices) (Zip Code)
|
(212)
239-8210
(Registrant's
telephone number)
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):
|
o
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|
|
o
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
|
o
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
|
|
o
|
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
August 1, 2010, the Board of Directors of Kiwibox.Com, Inc. appointed Andre
Scholz to serve as the President and Chief Executive Officer of the Company. Mr.
Scholz, previously serving as Chief Technology Officer of the Company, shall
continue to serve as a member of the Company’s Board of directors. Dr. Rudolf
Hauke, who has served as the President and Chief Executive Officer since July,
2008, resigned from these officer positions and as a member of the Company’s
Board of Directors, effective as of the close of business, July 31, 2010. Dr.
Hauke decided to devote all of his professional time to the business development
of his own company and his resignation was not due to or related to any
disagreement with the Company on any matter relating to the Company’s
operations, policies or practices.
The
Company and Mr. Scholz executed a new consulting agreement, effective August 1,
2010. Under the new consulting agreement, Mr. Scholz will continue to receive
the same base salary of $20,000 and 100,000 restricted common shares for each
month of service for the new term of eight months, through March 31, 2011. The
new consulting agreement is terminable by the Company immediately for “cause,”
which includes material violation of a law or regulation that governs
Mr. Scholz’s conduct as an officer of the Company, material neglect or
failure of duties following written notice or dishonesty of a material
nature.
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, thereunto
duly authorized.
|
KIWIBOX.COM,
INC.
|
||
|
Dated:
August 2, 2010
|
By:
|
/s/ Craig S.
Cody
|
|
Craig
S. Cody
|
||
|
Chief
Financial Officer
|
||