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):
February 11, 2014
SUTOR
TECHNOLOGY GROUP LIMITED
(Exact name
of registrant as specified in its charter)
Nevada |
001-33959 |
87-0578370 |
|
|
|
(State of Incorporation) |
(Commission File No.) |
(IRS Employer ID No.) |
No. 8, Huaye Road
Dongbang Industrial Park
Changshu, China 215534
(Address of Principal Executive Offices)
(86) 512-52680988
Registrant’s Telephone Number, Including
Area Code:
(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):
¨ Written communications pursuant to Rule 425 under the Securities
Act (17 CFR.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.02. Results
of Operations and Financial Condition.
On February 13, 2014, Sutor Technology
Group Limited (the “Company”) issued a press release announcing its financial results for the three and six months
ended December 31, 2013. A copy of the press release is hereby furnished as Exhibit 99.1 and incorporated herein by reference.
The information contained in this Current
Report on Form 8-K and the exhibit attached hereto shall not be deemed to be “filed” for purposes of Section 18 of
the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that
section, nor shall such information or such exhibit be deemed incorporated by reference in any filing under the Securities Act
of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
ITEM 5.02. DEPARTURE OF DIRECTORS
OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On and effective February 11, 2014,
Ms. Lifang Chen resigned as Chief Executive Officer and President of the Company. Mr. Chen’s resignation was due to personal
reasons and not because of any disagreement with the Company on any matter relating to the Company’s operations, policies
or practices. Ms. Chen will continue to act as Chairwoman of the Board of Directors of the Company.
On and effective
February 11, 2014, the Board of Directors of the Company appointed Mr. Zhuo Wang as Chief Executive Officer and President of the
Company. Since Mr. Wang joined the Company in January 2007, he has held a number of management positions including vice general
manager, vice president, investor relations director and assistant to the CEO. Mr. Wang has extensive work experience in team building,
business management, project management, M&A, financial analysis and management, investor relations and corporate governance.
Mr. Wang also has expert knowledge of macro-economic analysis and industrial trend judgment and is involved in the Company’s
important decisions making process and implementation supervision. Mr. Wang holds dual Bachelor degrees in accounting and business
administration (with honors).
In addition, on
February 11, 2014, Mr. Shoubin Xiong was appointed by the Board of Directors to the position of Chief Operating Officer of the
Company. After Mr. Xiong joined the Company in February 2012, he served as general manager of technical management center of the
Company. Mr. Xiong has extensive experience in production line operations management. During his tenure, Mr. Xiong is in charge
of new product research and development, equipment and technical transformation and daily operations management. From December
2006 to January 2012, Mr. Xiong served as vice general manager of Wuhan Henghong Mechanical and Electrical Co., Ltd and was in
charge of production line budgeting, installation, testing and operations management. As chief technical engineer with China First
Metallurgical Group Co., Ltd. from July 1990 to December 2005, Mr. Xiong was responsible for production lines installation, budgeting
and equipment maintenance at several large steel mills including Wu Steel and Guangzhou Iron & Steel Enterprises Group. Mr.
Xiong is a senior engineer and holds the Bachelor’s degree in metallurgical engineering.
There are no arrangements
or understandings between Mr. Wang or Mr. Xiong and any other persons pursuant to which they were appointed as executive officers
of the Company. There are no transactions between the Company and Mr. Wang or Mr. Xiong that would require disclosure under Item
404(a) of Regulation S-K.
No family relationship
exists between Mr. Wang or Mr. Xiong and any other director or executive officer of the Company.
We have not entered
into an employment agreement with Mr. Wang or Mr. Xiong as of the date of this Report and are expected to enter into such agreement
in the future.
A copy of the
press release issued by the Company on February 13, 2014 announcing the appointment of Mr. Wang and Mr. Xiong is attached hereto
as Exhibit 99.2 and incorporated herein by reference.
Item 7.01. Regulation
FD Disclosure.
The information set forth in Item 2.02 above is incorporated
by reference herein.
Item 9.01. Financial
Statements and Exhibits.
(d) Exhibits
Exhibit |
Description |
99.1 |
Press release dated February 13, 2014. |
99.2 |
Press release dated February 13, 2014. |
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.
Sutor Technology Group Limited
Date: February 13, 2014
/s/ Zhuo Wang
Chief Executive Officer
EXHIBIT INDEX
Exhibit |
Description |
99.1 |
Press release dated February 13, 2014 |
99.2 |
Press release dated February 13, 2014. |
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