UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): November 30,
2020
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HF ENTERPRISES INC.
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(Exact
name of registrant as specified in its charter)
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Delaware
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001-39732
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83-1079861
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(State
of incorporation or organization)
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(Commission
File
Number)
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(IRS
Employer Identification No.)
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4800 Montgomery Lane, Suite 210
Bethesda, Maryland 20814
(Address of principal executive offices) (Zip
Code)
Registrant’s
telephone number, including area code (301) 971-3940
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))
Securities
registered pursuant to Section 12(b) of the Act:
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Title of Each Class
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Trading Symbol(s)
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Name of Each Exchange on Which Registered
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Common
Stock, $0.001 par value
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HFEN
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The
Nasdaq Stock Market LLC
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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 ☒
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. ☐
Item
5.02
Departure
of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
Effective
as of November 30, 2020, the Board of Directors (the
“Board”) of HF Enterprises Inc., a Delaware corporation
(the “Company”), has appointed Mr. William Wu as a
non-executive, independent member of the Company’s Board. Mr.
Wu has also been appointed as a member of the Audit Committee and
the Compensation Committee of the Board.
Mr. Wu,
age 54, has served as the managing director of Investment Banking
at Glory Sun Securities Limited since January 2019. Mr. Wu
previously served as the executive director and chief executive
officer of Power Financial Group Limited from November 2017 to
January 2019. Mr. Wu has served as a member of the Board of
Directors of Document Security Systems, Inc. since October of 2019.
Mr. Wu has served as a director of Asia Allied Infrastructure
Holdings Limited since February 2015. Mr. Wu previously served as a
director and chief executive officer of RHB Hong Kong Limited from
April 2011 to October 2017. Mr. Wu served as the chief executive
officer of SW Kingsway Capital Holdings Limited (now known as
Sunwah Kingsway Capital Holdings Limited) from April 2006 to
September 2010. Mr. Wu holds a Bachelor of Business Administration
degree and a Master of Business Administration degree of Simon
Fraser University in Canada. He was qualified as a chartered
financial analyst of The Institute of Chartered Financial Analysts
in 1996.
Mr. Wu
previously worked for a number of international investment banks
and possesses over 27 years of experience in the investment
banking, capital markets, institutional broking and direct
investment businesses. He is a registered license holder to carry
out Type 6 (advising on corporate finance) and Type 9 (asset
management) regulated activities under the Securities and Futures
Ordinance (Chapter 571 of the Laws of Hong Kong). Mr. Wu has served
as a member of the Guangxi Zhuang Autonomous Region Committee of
the Chinese People’s Political Consultative Conference since
January 2013.
There
is no arrangement or understanding with Mr. Wu and any other person
pursuant to which he was elected as a director of the Company.
There is no family relationship between Mr. Wu and any director or
executive officer of the Company, and he is not a party to a
related party transaction within the meaning of Item 404(a) of
Regulation S-K.
SIGNATURE
Pursuant to the
requirements of Section 12 of the Securities Exchange Act of 1934,
the Registrant has duly caused this Registration Statement to be
signed on its behalf by the undersigned, thereto duly
authorized.
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HF ENTERPRISES INC.
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Date:
December 1, 2020
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By:
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/s/ Rongguo
Wei
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Name:
Rongguo Wei
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Title:
Co-Chief Financial
Officer
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