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
April 4, 2016
Date of Report (Date of earliest event reported)
Graphite Corp. |
(Exact Name of Registrant as Specified in Charter) |
Nevada | 000-54336 | 26-0641585 | ||
(State or other jurisdiction of | (Commission File | (IRS Employer |
616 Corporate Way, Suite 2-9011
Valley Cottage, NY 10989
(Address of Principal Executive Offices)
(844) 804-5599
(Registrant's telephone number, including area code)
N/A
(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 230.425)
¨ 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))
SECTION 1 – REGISTRANT'S BUSINESS AND OPERATIONS
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective April 3, 2016, Mark Radom resigned from his position on the registrant's board of directors and as chief executive officer. Mr. Radom resigned his positions in the registrant due to disagreement with the other director, Yehuda Eliraz, over the entry into certain material transactions. A copy of Mr. Radom's resignation letter is attached hereto as Exhibit 10.1. Mr. Eliraz may be reached at eliraz-y@zahav.net.il.
Also effective April 3, 2016, Charles Maslin resigned from his position as the registrant's chief operating officer for the same reason as Mr. Radom.
As at the date hereof, no new directors or officers have been appointed.
Item 9.01. Financial Statements and Exhibits
10.1 | Mark Radom Resignation Letter |
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SIGNATURES
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.
GRAPHITE CORP. a Nevada corporation |
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Dated: April 3, 2016 | By: | /s/ Mark Radom |
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| Mark Radom |
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Chief Executive Officer |
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EXHIBIT 10.1
Mark Radom
1/2 Nachal Maor
Ramat Bet Shemesh
Israel 99623
3 March 2016
Yehuda Eliraz
Director
Graphite Corp.
Jerusalem, Israel
Re: Resignation
Dear Yehuda:
In your capacity as director of Graphite Corp., I am hereby informing you of my resignation, effective 30 days from now, as director and chief executive officer for cause under Section 5.1(e)(i) for failure to pay monetary and share-based compensation. I have asked you on many occasions to sign the board resolution to issue my shares and you have refused to do so each time, starting in January 2015. I hereby reserve the right to rescind and/or cancel this resignation in my sole discretion at any time prior to the expiry of the 30-day period. I also reserve the right to sue you for, among other things, breach of fiduciary duty and for failure to issue my shares. I will prepare and file a current report on Form 8-K to report this transaction.
Mark Radom