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| IFSG.OB > SEC Filings for IFSG.OB > Form 8-K on 1-Sep-2009 | All Recent SEC Filings |
1-Sep-2009
Change in Directors or Principal Officers, Financial Statements and Exhibit
Resignation of Directors
Effective August 1, 2009, Chen Chia Ju, Leung Wai Chuen and Sze Po Nei resigned as members of the Board of Directors of the Company. Mr. Chen, Mr. Leung and Ms. Sze's resignation were not a result of any disagreements relating to the Company's operations, policies or practices.
Appointment of Director
On August 1, 2009, the Board of Directors of the Company appointed Sung YingYing, Tseng Cheng Yu and Seto Man Fai as members of the Board of Directors.
Ms. Sung was previously sales Manager, respectively, at two companies trading in Tainwan & China. She graduated from American Culture University, Bachelor of Business Administration; Quincy University of Illinois, Master of Administration of Business.
Mr. Tseng oversees Discobras operations in Brazil and sales in South America. He was previously CEO and VP, Sales/Purchasing Manager, respectively, at two companies trading in optical dye and optical discs. He graduated from New York Polytechnic University , Master of Science, Chemical Engineering; University of California, San Diego, Bachelor of Science, Chemical Engineering.
Mr. Seto is the present CEO of Infosmart Group, Inc. He was previously the Managing Director and Business Consultant of an investment bank. He graduated from the China University of Hong Kong, Bachelor of Business Administration.
Family Relationships
Neither Ms. Sung, Mr. Tseng nor Mr. Seto has a family relationship with any of the officers or directors of the Company.
Related Party Transactions
There are no related party transactions reportable under Item 5.02 of Form 8-K and Item 404(a) of Regulation S-K.
Employment Agreement
Pursuant to employment agreements, dated August 1, 2009 (the "Director Agreements"), Ms. Sung, Mr. Tseng and Mr. Seto were appointed as the members of the Board of Director of the Company. The Director Agreements are filed as Exhibit 10.4, 10.5 and 10.6 to this Form 8-K and are incorporated by reference herein.
Pursuant to the Director Agreements, Ms. Sung, Mr. Tseng and Mr. Seto will receive $6,153.84, $23,076.92 and $0, respectively, as annual compensation for their services on the Board, pro-rated for the Company's current fiscal year.
(d) Exhibits
Exhibit No. Exhibit Description
10.1 Resignation Letter of Chen Chia Ju, dated July 28,
2009
10.2 Resignation Letter of Leung Wai Chuen, dated July
28, 2009
10.3 Resignation Letter of Sze Po Nei, dated July 28,
2009
10.4 Director Agreement between Infosmart Group, Inc.
and Sung Ying Ying, dated August 1, 2009
10.5 Director Agreement between Infosmart Group, Inc.
and Tseng Cheng Yu, dated August 1, 2009
10.6 Director Agreement between Infosmart Group, Inc.
and Seto Man Fai, dated August 1, 2009
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