CHINA GREEN AGRICULTURE, INC. (NYSE:CGA) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
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. |
(e)On December 30, 2016, the Compensation Committee (the
Committee) of the Board of Directors of China Green Agriculture,
Inc., a Nevada corporation (the Company), approved the grant of
common stock to certain directors and executive officers of the
Company under the Companys 2009 Equity Incentive Plan, as amended
(the Plan).
Under the Plan, effective December 30, 2016, the Committee
granted a total of 870,000 shares of common stock, vested
immediately, being (i) 400,000 shares to Mr. Tao Li, the Companys
Chief Executive Officer; (ii) 200,000 shares to Mr. Zhuoyu
Richard Li, the Companys President (iii) 200,000 shares to Mr.
Ken Ren, the Companys Chief Financial Officer, (iv) 30,000 shares
to Ms. Yiru Shi, 20,000 shares to Mr. Jianlei Shen and 20,000
shares to Mr. Lianfu Liu, each an independent director of the
Company (the Stock Grants).
The Stock Grants were made on the terms of the Companys Form of
Stock Grant Agreement and a copy of which is attached hereto as
Exhibit 10.1.
| Item9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
The following is filed as an exhibit to this report:
| Exhibit No. | Description | |
| 10.1 | Form of Stock Grant Agreement. |
About CHINA GREEN AGRICULTURE, INC. (NYSE:CGA)
China Green Agriculture, Inc. is engaged in the research, development, production and sale of various types of fertilizers and agricultural products in the People’s Republic of China (PRC) through its Chinese subsidiaries, Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd. (Jinong) and Beijing Gufeng Chemical Products Co., Ltd. (Gufeng), and its variable interest entity (VIE), Xi’an Hu County Yuxing Agriculture Technology Development Co., Ltd. (Yuxing). The Company’s segments include Jinong (fertilizer production), Gufeng (fertilizer production) and Yuxing (agricultural products production). The Company’s primary business is of fertilizer products, specifically humic acid-based compound fertilizer produced through Jinong, and compound fertilizer, blended fertilizer, organic compound fertilizer, slow-release fertilizers, water-soluble fertilizers and mixed organic-inorganic compound fertilizer produced through Gufeng. CHINA GREEN AGRICULTURE, INC. (NYSE:CGA) Recent Trading Information
CHINA GREEN AGRICULTURE, INC. (NYSE:CGA) closed its last trading session down -0.02 at 1.26 with 24,888 shares trading hands.
