GREEN DRAGON WOOD PRODUCTS, INC. (OTCMKTS:GDWP) 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 Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers. |
On December 23, 2016, the Board of Directors appointed Mr.
William Mook to serve as a director of the Company effective from
that date.
Mr. William Mook has over 18 years of experience in the
manufacturing industry as an original equipment manufacturer and
also as a technology investor. He has over 20 years of experience
as President and CEO of various companies including MokEnergy,
Sugico Mok and Rapi-Serv Cash Systems. He founded Zeecol Limited,
a New Zealand company, in 2011, where he spent three years
developing Zeecols technology and two years structuring the
company. He holds patents in a wide range of fields. In addition
to his management and motivational skills he is an accomplished
speaker and team builder. Mr. Mook is currently a remote teaching
associate in the Physics and Energy department at Stanford
University. Mr. Mook has been working under Dr. Robert Laughlin
at Stanford, who, in 1998, received a Nobel Prize for the
discovery of the Fractional Quantum Hall Effect. William Mook
resides in Christchurch, New Zealand since 2010.
Mr. Mooks compensation as a director of the Company is set forth
in the Appointment Letter (the Appointment Letter) between Mr.
Mook and the Company dated December 23, 2016. to the Appointment
Letter, the Company will recommend to the Board of Directors that
Mr. Mook be granted 25,000 shares of the Companys Common Stock
(the Common Stock) quarterly beginning January 2, 2017. The
Company will recommend that the Common Stock be vested quarterly
over a period of one year. The offer and any granting of the
Common Stock will be subject to the approval of the Board of
Directors.
There are no understandings or arrangements between Mr. Mook and
any other person to which Mr. Mook was selected as a director.
There is no family relationship between Mr. Mook with any of our
other officers and directors, or person nominated or chosen by
the Company to become an officer or director. Except for the
Appointment Letter described above, Mr. Mook has not had any
transaction with us since the beginning of our last fiscal year.
The foregoing description of the principal terms of the
Appointment Letter is a general description only, does not
purport to be complete, and is qualified in its entirety by
reference to the terms of the Appointment Letter attached hereto
as Exhibits 10.1, which is incorporated herein by this reference.
| Item 8.01 | Other Events |
On December 23, the Company announced that it plans to change its
corporate name to Zeecol International Inc.. The corporate name
change is subject to the approval of the Companys shareholders.
| Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits
| Exhibit No. | Description |
| 10.1 |
Appointment Letter between the Company and William Mook dated December 23, 2016. |
About GREEN DRAGON WOOD PRODUCTS, INC. (OTCMKTS:GDWP)
Green Dragon Wood Products, Inc., through its subsidiaries, engages in re-sale and trading of wood logs, wood lumber, wood veneer and other wood products. The Company operates in Hong Kong segment. The Company’s subsidiaries are Green Dragon Industrial Inc. (GDI) and Green Dragon Wood Products Co., Limited (GDWPCL). GDI is involved in investment holding. GDWPCL is engaged in the re-sale and trading of wood. GREEN DRAGON WOOD PRODUCTS, INC. (OTCMKTS:GDWP) Recent Trading Information
GREEN DRAGON WOOD PRODUCTS, INC. (OTCMKTS:GDWP) closed its last trading session 00.0000 at 0.0230 with 25,000 shares trading hands.