Unassociated Document
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 1934
Date of
Report (date of earliest event reported): March 31, 2010
Energroup
Holdings Corporation
(Exact
name of registrant as specified in charter)
Nevada
(State or
other jurisdiction of incorporation)
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000-32873
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87-0420774
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(Commission
File Number)
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(IRS Employer
Identification No.)
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No.
9, Xin Yi Street, Ganjingzi District, Dalian City, Liaoning Province, PRC
116039
(Address
of principal executive offices and zip code)
+86
411 867 166 96
(Registrant's
telephone number including area code)
(Registrant's
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 registrant under any of the following
provisions:
| 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 PRINCIPAL OFFICERS;
ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS
On March 31, 2010, Ms. Shu Wang
resigned from her position as Chief Financial Officer of Energroup Holdings
Corporation (the “Company”) to be effective immediately after the filing of the
Company’s Annual Report on Form 10-K for the fiscal year ended December 31,
2009. On the same date, the board of directors, by unanimous written
consent, appointed Ms. Sharon Xiaorong Tang to serve as Chief Financial Officer
of the Company.
Ms. Tang, age 51, served as
the Chief Financial Officer of EFT Biotech Holdings, Inc. (PK: EFTB) from June
2008 until February 2010. From April 2007 to May 2008, she
served as the Chief Financial Officer of Advanced Battery Technologies, Inc.
(NASDAQ: ABAT) located in New York City. From May 2006 to April
2007, Ms. Tang served as a Managing Director of First Federal Group of
Companies, Inc. located in New York City. From April 1998 to February 2006, she
served as a Financial Advisor at Smith Barney, Citigroup in New York City. Ms.
Tang holds a MBA from Baruch College in New York City
(June 2005), Master of Science in Chemical Engineering from the University of
Rochester in New York (1988), and a Bachelor of Science in Chemistry from Peking
University in Beijing, China (1986).
On March 30, 2010, the Company entered
into a two year employment agreement with Ms. Tang, which is effective as of
March 31, 2010. Pursuant to the terms of the agreement, Ms. Tang
shall receive an annual base salary of $100,000 and an option to purchase 20,000
shares of common stock of the Company per annum, which equals options to
purchase up to 40,000 shares of common stock during the two year term, at an
exercise price of $5.00 per share. Ms. Tang shall be eligible to receive an
annual bonus at the end of each fiscal year pursuant to the incentive
compensation program in effect. Ms. Tang will also be reimbursed for
any and all necessary, customary and usual expenses incurred while traveling for
and on behalf of the Company, pursuant to the Company’s directions.
Ms. Tang has no family relationships
with any of the executive officers or directors of the Company. There
have been no transactions in the past two years to which the Company or any of
its subsidiaries was or is to be a party, in which Ms. Tang had, or will have, a
direct or indirect material interest.
Attached hereto as Exhibit 10.1 is the
Employment Agreement between Ms. Tang and the Company, which is incorporated
herein by reference.
Item
9.01(d) Exhibits
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Exhibit
No.
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Description of
Exhibit
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10.1
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Employment
Agreement, dated March 30, 2010, by and between the Registrant and Sharon
Xiaorong Tang
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SIGNATURE
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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Dated: March
31, 2010
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Energroup
Holdings Corporation
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By:
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/s/
Huashan Shi |
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Name:
Huashan Shi |
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Title: Chief
Executive Officer and President |
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Exhibit
Index
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Exhibit
No.
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Description of
Exhibit
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10.1
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Employment
Agreement, dated March 30, 2010, by and between the Registrant and Sharon
Xiaorong Tang
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