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EX-17.1 - DIRECTOR RESIGNATION LETTER - China Auto Logistics Incf8k071818aex17-1_chinaauto.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): July 18, 2018

 

CHINA AUTO LOGISTICS INC.

(Exact name of registrant as specified in its charter)

 

Nevada   001-34393   98-065797

(State or Other Jurisdiction

of Incorporation)

  (Commission File Number)  

(IRS Employer

Identification No.)

 

Floor 1 FTZ International Auto Mall 86 Tianbao Avenue, Free Trade Zone

Tianjin Province, The People’s Republic of China 300461

(Address of principal executive offices)

 

Registrant’s telephone number, including area code: (86) 22-2576-2771

 

(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))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company o

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

  

 

 

 

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 18, 2018 Howard Barth resigned from his position as Chair of the Audit Committee and a Director of China Auto Logistics Inc. (the “Company”).

  

As detailed in Mr. Barth’s resignation letter attached hereto (the “Director Resignation Letter”), the circumstances of Mr. Barth’s resignation relate to the independent investigation disclosed in a Current Report on Form 8-K filed on April 10, 2018 (the “Investigation”) being conducted by the Audit Committee. The Company strongly disagrees with Mr. Barth’s characterization of management’s non-cooperation with the Investigation.

 

A copy of the Director Resignation Letter is attached as Exhibit 17.1.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit Number   Description
17.1   Director Resignation Letter

 

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SIGNATURE PAGE

 

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 hereunto duly authorized.

 

Date: July 27, 2018

 

  CHINA AUTO LOGISTICS INC.
     
  By: /s/ Jin Yan
  Name:  Jin Yan
  Title: Chief Operating Officer

 

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