cxdc_8k.htm
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): July 7, 2010
|
CHINA
XD PLASTICS COMPANY LIMITED
|
|
(Exact
name of registrant as specified in its
charter)
|
|
Nevada
|
333-134073
|
04-3836208
|
|
(State
or Other Jurisdiction
of Incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification
No.)
|
|
No.
9 Qinling Road, Yingbin Road Centralized Industrial Park
Harbin
Development Zone, Heilongjiang, China 150078
|
|
(Address
of principal executive officers)
|
(Registrant's
telephone number, including area code) (86)
451-8434-6600
|
Not
applicable
|
| (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 the registrant under any of the following
provisions (see General Instruction A.2. below):
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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 Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On July
7, 2010, the compensation committee of the board of directors of China XD
Plastics Company Limited (the “Company”) approved an adjustment in the
compensation of Taylor Zhang, the Company’s Chief Financial Officer, pursuant to
which Mr. Zhang’s monthly salary was increased from $9,000 to $11,500 effective
as of May 1, 2010. In addition, the compensation committee agreed
that Harbin Xinda Macromolecule Material Co., Ltd., a wholly owned subsidiary of
the Company, should pay any past due and future salary payments owed to Jie Han,
the Company’s Chairman and Chief Executive Officer, instead of Favor Sea (US)
Inc., a wholly owned subsidiary of the Company.
SIGNATURES
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.
Dated:
July 9, 2010
| |
CHINA
XD PLASTICS COMPANY LIMITED
|
|
| |
|
|
|
|
|
By:
|
/s/ Jie
Han |
|
| |
|
Name:
Jie Han |
|
| |
|
Title: Chief Executive
Officer |
|
| |
|
|
|