Attached files
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| EX-99.1 - EMPLOYMENT AGREEMENT DATED MARCH 12, 2012 BETWEEN THE COMPANY AND WANFEN XU - SHARING ECONOMY INTERNATIONAL INC. | f8k031412ex99i_cleantech.htm |
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): March 14, 2012
CLEANTECH SOLUTIONS INTERNATIONAL, INC.
(Exact name of registrant as specified in Charter)
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Delaware
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001-34591
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74-2235008
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(State or other jurisdiction of
incorporation or organization)
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(Commission File No.)
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(IRS Employee Identification No.)
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No. 9 Yanyu Middle Road
Qianzhou Village, Huishan District, Wuxi City
Jiangsu Province, People’s Republic of China
(86) 51083397559
Copies to:
Asher S. Levitsky PC
Ellenoff Grossman & Schole LLP
150 East 42nd Street
New York, New York 10017
Phone: (212) 370-1300
Fax: (646) 895-7182
E-mail: alevitsky@egsllp.com
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(b) under the Exchange Act (17 CFR 240.14a-12(b))
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
On March 14, 2012, the Company appointed Wanfen Xu, age 31, as chief financial officer. Ms. Xu has been the financial controller of Wuxi Huayang Electrical Power Equipment Co., Ltd. (“Electrical”) and Wuxi Huayang Dyeing Machinery Co., Ltd. (“Dyeing”) from 2009 to 2011, and she was the a senior finance manager and financial controller of Dyeing between 2000 to 2009. Electrical and Dyeing are variable interest entities whose financial statements are included in the Company’s consolidated financial statements.
Pursuant to an employment agreement dated March 12, 2012, Ms. Xu receives an annual salary at the rate of RMB 48,000 (approximately $7,600). The agreement has an initial term expiring on March 31, 2013, and continues on a year-to-year basis unless terminated by either party.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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99.1
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Employment agreement dated March 12, 2012 between the Company and Wanfen Xu
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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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Date: March 15, 2012
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Cleantech Solutions International, Inc.
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By:
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/s/ Jianhua Wu
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Jianhua Wu
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Chief Executive Officer
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