-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VkhKFwXxXCJuwTX7dXoq2KuDGRnnM0dPLtS/aqGnDHYzUeVQ2hIKXB0b0r+l7yxL DvSrJMblnu9ODyM+xt7lzQ== 0001144204-09-046953.txt : 20090903 0001144204-09-046953.hdr.sgml : 20090903 20090902211913 ACCESSION NUMBER: 0001144204-09-046953 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090831 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090903 DATE AS OF CHANGE: 20090902 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHINACAST EDUCATION CORP CENTRAL INDEX KEY: 0001261888 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200] IRS NUMBER: 200178991 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33771 FILM NUMBER: 091052133 BUSINESS ADDRESS: STREET 1: 25 FL. QIANG SHENG MANSION STREET 2: NO. 145 PU JIAN ROAD, PUDONG DISTRICT CITY: SHANGHAI STATE: F4 ZIP: 211217 BUSINESS PHONE: (8621) 6864-4666 MAIL ADDRESS: STREET 1: 25 FL. QIANG SHENG MANSION STREET 2: NO. 145 PU JIAN ROAD, PUDONG DISTRICT CITY: SHANGHAI STATE: F4 ZIP: 211217 FORMER COMPANY: FORMER CONFORMED NAME: GREAT WALL ACQUISITION CORP DATE OF NAME CHANGE: 20030829 8-K 1 v159637_8k.htm Unassociated Document
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) August 31, 2009
 

ChinaCast Education Corporation
 
(Exact name of registrant as specified in its charter)

 
Delaware
 
 
000-50550
 
 
20-0178991
(State or other jurisdiction
of incorporation)
 
(Commission File Number)
 
(IRS Employer Identification No.)
 
Suite 3316, 33 Fl. One IFC
1 Harbour St., Central
Hong Kong
(Address of principal executive offices) (Zip Code)
 
Registrant's telephone number, including area code:   (86 10) 6566 7788
 
_____________________________________________
(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:
 
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.

Effective September 1, 2009, the Board of Directors (the “Board”) of ChinaCast Education Corporation (the “Company”) appointed Mr. Michael J. Santos to serve as a member of the Board of Directors of the Company.  Mr. Santos was recently promoted to President, International of ChinaCast Education. A press release was issued on September 3, 2009 to this effect, a copy of which is attached to this report as Exhibit 99.1.

Mr. Santos is our Chief Marketing Officer. He joined the Company in 2001 and is responsible for corporate marketing, strategic business development, investor relations and fund raising activities. From 1988 to 2001 Mr. Santos was employed by Hughes Network System, and was a Senior Director of the Asia Pacific region, spearheading the deal team that saw Hughes invest in the Company.  He has a Bachelor of Science in Electrical Engineering and a Master of Science Degree in Telecommunications and Computer Science from The George Washington University in Washington, D.C.

Mr. Santos has no family relationship with any of the executive officers or directors of the Company.  Other than the existing employment relationship between Mr. Santos and the Company, there has been no transaction in the past two years to which the Company or any of its subsidiaries was or is to be a party, in which Mr. Santos had, or will have, a direct or indirect material interest.
 
On August 31, 2009, the Board accepted the resignation of Yin Jian Ping as a director of the Company effective immediately. There were no disagreements between Mr. Yin and the Company on any matter relating to the Company’s operations, policies or practices, which resulted in his resignation.
 
Item 9.01 
Financial Statements and Exhibits.

(d) 
Exhibits

Exhibit No. 
Description

99.1
Press Release dated September 3, 2009.
 

 
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

   
ChinaCast Education Corporation
   
(Registrant)
 
September 3, 2009
 
/s/   ANTONIO SENA
(Date)
 
Antonio Sena
Chief Financial Officer
 

EX-99.1 2 v159637_ex99-1.htm Unassociated Document
Exhibit 99.1

ChinaCast Education Corporation Announces
Changes in Board of Directors


Beijing, China, - September 3, 2009 - ChinaCast Education Corporation (the ``Company'' or ``ChinaCast'') (Nasdaq:CAST), a leading for-profit, post-secondary and e-learning services provider in China, today announced that Mr. Yin Jian Ping has resigned as a member of ChinaCast’s board of directors, effective August 31, 2009.  The Company also announced that Michael J. Santos, recently promoted to President, International of ChinaCast Education, was appointed by the board to replace Mr. Yin as a director.

“On behalf of ChinaCast Education and its shareholders, I would like to thank Mr. Yin for his contribution to the Company and the Board of Directors over the past nine years and am joined by the other directors in wishing him well in his future endeavors," said Mr. Ron Chan, Chairman of the Board of Directors and Chief Executive Officer of ChinaCast Education Corporation.  “I am also pleased to announce the promotion of Michael Santos to President, International and also his appointment as a board director to replace Mr. Yin.  Over the last eight years since joining the company from one of our strategic venture capital investors, Michael has contributed greatly to the growth of ChinaCast and his industry knowledge and successful track record will be of great value as we expand our international education partnership growth strategy.”

About ChinaCast Education Corporation

Established in 1999, ChinaCast Education Corporation is a leading for-profit, post-secondary education and e-learning services provider in China. The Company provides its post-secondary degree programs through the Foreign Trade and Business College (or "FTBC") of Chongqing Normal University. FTBC offers career-oriented bachelor's degree and diploma programs in business, economics, trade, tourism management, advertising, language, IT and music. These degree and diploma programs are fully accredited by the PRC Ministry of Education. The Company provides its e-learning services to post-secondary institutions, K-12 schools, government agencies and corporate enterprises via its nationwide satellite broadband network. These services include interactive distance learning applications, multimedia education content delivery, English language training and vocational training courses. The company is listed on the NASDAQ with the ticker symbol CAST.
 


Safe Harbor Statement

This press release may contain statements that are forward-looking, as that term is defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements express our current expectations or forecasts of possible future results or events, including projections of future performance, statements of management's plans and objectives, future contracts, and forecasts of trends and other matters. These projections, expectations and trends are dependent on certain risks and uncertainties including such factors, among others, as growth in demand for education services, smooth and timely implementation of new training centers and other risk factors listed in the Company's Annual Report on Form 10K for the fiscal year ended December 31, 2008. Forward-looking statements speak only as of the date of this filing, and we undertake no obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur. You can identify these statements by the fact that they do not relate strictly to historic or current facts and often use words such as "anticipate," "estimate," "expect," "believe," "will likely result," "outlook," "project" and other words and expressions of similar meaning. No assurance can be given that the results in any forward-looking statements will be achieved and actual results could be affected by one or more factors, which could cause them to differ materially. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act.

Contact:

ChinaCast Education Corporation
Michael J. Santos, President - International
+1-347-482-1588
mjsantos@chinacasteducation.com
www.chinacasteducation.com

HC International
Ted Haberfield, Executive Vice President
+1-760-755-2716
thaberfield@hcinternational.net


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