Current Report Filing (8-k)
May 04 2017 - 3:12PM
Edgar (US Regulatory)
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):
April 28, 2017
KANDI TECHNOLOGIES GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware
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001-33997
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90-0363723
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(State of Incorporation)
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(Commission File
Number)
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(IRS Employer
Identification)
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Jinhua
City Industrial Zone
Jinhua, Zhejiang Province
People’s Republic of China
Post Code 321016
(Address of principal executive offices)
(86-579)
8223-9700
Registrant’s telephone number, including area code
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 ☐
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.
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Departure of Directors or Certain Officers; Election of Directors; Appointment
of Certain Officers; Compensatory Arrangements of Certain Officers.
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On April 28,
2017, Mr. Ni Guangzheng, a member of the board of directors (the “Board”), the compensation committee (the “Compensation
Committee”), and the nominating and corporate governance committee (the “Nominating and Corporate Governance Committee”)
of Kandi Technologies Group, Inc., a Delaware corporation (the “Company”), passed away after a battle with cancer.
On May 4, 2017,
the remaining members of the Board elected Mr. Yi Lin, and Mr. Lin accepted the positions, as a member of each of the Board, the
Compensation Committee, and the Nominating and Corporate Governance Committee, to fill the vacancies left by Mr. Ni, effective
the same day.
Mr. Lin, aged
64, has extensive experience in automotive engineering and multi-body system dynamics research. Throughout his career, he has been
awarded numerous high-ranking national science and technology rewards. He served several key senior roles in academic and industrial
organizations and was given Special Government Allowances from the State Council in 1992. Additionally, he was named an “Expert
of China’s Machinery Industry” in 1995 and elected to the “Outstanding Young Science Talents in China’s
Automobile Industry” in 1998. From 2007 to 2015, he served as a deputy chief engineer at Beijing Automotive Group Co., Ltd.,
as an executive director of Beijing Automotive New Energy Vehicle Co., Ltd., and as the executive vice president of Beijing Automotive
Research Institute. Prior to that, he was a part-time professor at Beijing University of Technology, Beijing University of Aeronautics
and Astronautics, Institute of Electrical Engineering at China Academy of Sciences, Shanghai Jiaotong University, and Hunan University.
He was appointed as the dean of Automotive Engineering at Jilin University of Technology in 1996 and remained in that position
until 2000.
Mr. Lin received
his Bachelor of Science degree, Master of Science degree and Doctoral degree in Automotive Engineering from Jilin University of
Technology. He was a visiting scholar at Mechanical Department at the University of Michigan from 2001 to 2002. He is a member
of Society of Automotive Engineers (SAE).
Mr. Lin’s
will receive annual compensation of RMB60,000 (approximately $8,700).
There is no family
relationship between Mr. Lin and any of our directors or management.
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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KANDI TECHNOLOGIES GROUP, INC.
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Date: May 4, 2017
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By: /s/ Hu Xiaoming
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Name: Hu Xiaoming
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Title: Chief Executive Officer
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