- Current report filing (8-K)
07 Mars 2012 - 10:35PM
Edgar (US Regulatory)
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):
March 3, 2012
SORL AUTO PARTS, INC.
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(Exact Name of Registrant as Specified in Its Charter)
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Delaware
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000-11991
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30-0091294
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(State or other jurisdiction of
incorporation or organization)
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(Commission File
Number)
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(I.R.S. Employer
Identification No.)
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No. 1169 Yumeng Road
Ruian Economic Development District
Ruian City, Zhejiang Province
People’s Republic of China
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(Address of principal executive offices)
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86-577-6581-7720
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(Registrant’s telephone number, including area code)
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N/A
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(Former name or former address, if changed since last report)
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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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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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(b) On March 3, 2012, Mr. Baojian Tao resigned
from his position as Chief Operating Officer of SORL Auto Parts, Inc. (the “Company”), effective immediately. Mr. Tao
resigned for personal reasons and not due to any disagreement or dispute with the Company’s management or members of the
board of directors of the Company.
(c) On March 3, 2012, the
Company announced the appointment of Ms. Jinrui Yu as Chief Operating Officer of the Company, effective immediately. Ms. Yu,
age 37, has more than 15 years of experience in the auto parts industry. Ms. Yu has served as the Company’s Production
and Export Vice President since August 2009. From 2004 to 2009, Ms. Yu served as the Company’s Export Department
Manager. From 1999 to 2004, Ms. Yu served as the international sales manager of Ruili Group Co., Ltd., which specializes
in manufacturing auto parts, and from 1997 to 1999, she worked in the market sales department of Ruili Group Co., Ltd. Ms Yu
received her Bachelor of English from Zhejiang University of Technology in 2006.
In connection with her appointment as the Chief
Operating Officer of the Company, Ms. Yu entered into an employment agreement with the Company, dated as of March 3, 2012 (the
“Employment Agreement”), which will expire on March 3, 2017. The Employment Agreement provides that the Company will
pay Ms. Yu an annual base salary of $50,000. The Company will also pay Ms. Yu social insurance in accordance with national and
local laws and regulations. Pursuant to the Employment Agreement, any disputes arising thereunder will be resolved through negotiations
between the parties and, if they cannot be resolved through negotiations, the parties may submit such disputes to Rui An City Labor
Dispute Arbitration Committee for arbitration. If the parties do not agree with the arbitration decision, they can petition to
the Rui An City People’s Court.
The information set above with respect to the
Employment Agreement does not purport to be complete and is qualified in its entirety by the full text of the Employment Agreement,
which has been filed as Exhibit 10.1 to this Current Report on Form 8-K, and is incorporated into this Item 1.01 disclosure by
reference. Exhibit 10.1 is an English translation of the original Employment Agreement.
On March 7, 2012, the Company issued a press release
announcing the resignation of Mr. Tao and the appointment of Ms. Yu as the Company’s Chief Operating Officer. The press
release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01
Financial
Statements and Exhibits.
(d) Exhibits.
10.1 Employment Agreement between Ruili
Group Ruian Auto Parts Co., Ltd. and Jin Rui Yu, dated March 3, 2012.
99.1 SORL Auto Parts, Inc. Press Release, dated March
7, 2012.
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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SORL Auto Parts, Inc.
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Dated: March 7, 2012
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By:
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/s/ Xiao Ping Zhang
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Name: Xiao Ping Zhang
Title: Chief Executive Officer
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EXHIBIT INDEX
Exhibit No. Description
10.1 Employment Agreement between Ruili
Group Ruian Auto Parts Co., Ltd. and Jin Rui Yu, dated March 3, 2012.
99.1 SORL Auto Parts, Inc. Press Release, dated March 7,
2012.
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