8-K 1 form8-k_16916.htm FORM 8K DATED SEPTEMBER 13, 2010 form8-k_16916.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):  September 13, 2010


ZAP
(Exact name of Registrant as specified in its charter)
 

 
California
            
0-303000
                      
94-3210624
(State or other jurisdiction of
incorporation or organization)
           
Commission File Number
                       
IRS Employer
Identification Number
          
501 Fourth Street
Santa Rosa, CA
                                        
95401
(Address of principal executive offices)
                                        
(Zip Code)

(707) 525-8658
(Registrant’s telephone number, including area code)
 
Former name or former address, if changed since last report:
None
 

 
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:

o
 
Written communications pursuant to Rule 425 under 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-14(c) under the Exchange Act (17 CFR 240.13e-4(c))
 


 
 
 
 
Item 8.01 
Other Events
 
As previously disclosed in the Company’s Current Report on Form 8-K filed on July 8, 2010, on July 2, 2010, Zap (the “Company”) entered into an Equity Transfer Agreement for the Purchase and Transfer of Certain Equity Interest in Zhejiang Jonway Automobile Co., Ltd. (the “Equity Transfer Agreement”) with Jonway Group Co., Ltd. to acquire a 51% interest in Zhejiang Jonway Autombile Co., Ltd., a limited liability company of the People’s Republic of China (“Zhejiang”), for $29 million (the “Acquisition Transaction”).  The closing of the Acquisition Transaction is conditioned on, among other things, the receipt of certain approvals, registrations and licenses from the Ministry of Commerce of the People’s Republic of China, the Zhejiang Administration of Industry and Commerce, and the local counterparts of these entities and other relevant government authorities (“Governmental Approvals”).
 
On September 13, 2010, the Commerce Department of Zhejiang Province in China approved the Company’s proposed acquisition of a 51% interest in Zhejiang (the “Commerce Department Approval”). As previously disclosed, the closing of the Acquisition Transaction is conditioned on the Commerce Department Approval as well as certain other conditions to closing.
 
 
Press Release
 
On September 16, 2010, the Company issued a press release describing the above approval. The full text of this press release is furnished herewith as Exhibit 99.1.
 

 
Section 9 
Financial Statements and Exhibits
 
Item 9.01              Financial Statements and Exhibits
 
(d) Exhibits
 
Exhibit                  Description
 
99.1                        Press Release, dated September 16, 2010

 
2

 
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 thereunto duly authorized.
 

 
  ZAP  
       
Date: September 16, 2010
By:
/s/ Steven M. Schneider  
    Chief Executive Officer  
       
       
 


 
3