-----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, UVNSpIVT1qyPuNNMy3WueL3wv6php6LGL4dANl8L2qseMs04VRRKgEIWUMNqjWS0 ToCFWebXKYNoZ8LrCRHsxQ== 0001493152-10-000016.txt : 20100819 0001493152-10-000016.hdr.sgml : 20100819 20100819163903 ACCESSION NUMBER: 0001493152-10-000016 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100819 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20100819 DATE AS OF CHANGE: 20100819 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AuraSound, Inc. CENTRAL INDEX KEY: 0000810208 STANDARD INDUSTRIAL CLASSIFICATION: HOUSEHOLD AUDIO & VIDEO EQUIPMENT [3651] IRS NUMBER: 205573204 STATE OF INCORPORATION: NV FISCAL YEAR END: 1109 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-51543 FILM NUMBER: 101028200 BUSINESS ADDRESS: STREET 1: 11839 EAST SMITH AVENUE CITY: SANTA FE SPRINGS, STATE: CA ZIP: 90670 BUSINESS PHONE: (562) 447-1780 MAIL ADDRESS: STREET 1: 11839 EAST SMITH AVENUE CITY: SANTA FE SPRINGS, STATE: CA ZIP: 90670 FORMER COMPANY: FORMER CONFORMED NAME: HEMCURE INC DATE OF NAME CHANGE: 19920703 8-K 1 aurasound_8k.htm AURASOUND, INC. 8-K aurasound_8k.htm


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 19, 2010
______________________
 
AURASOUND, INC.

(Exact name of registrant as specified in Charter)
 
Nevada
 
000-51543
 
20-5573204
(State or other jurisdiction of
incorporation or organization)
 
(Commission File No.)
 
(IRS Employee Identification No.)
 
11839 East Smith Avenue
Santa Fe Springs, California 90670
(Address of Principal Executive Offices)
 
(562) 447-1780
(Issuer Telephone number)

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 CFR240.14a-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 240.13(e)-4(c))



 
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 
On August 15, 2010, the Board of Directors of Aurasound, Inc. (the "Company") appointed Mr. William H. Kurtz and Mr. Peter Andreyev to serve as directors, effective immediately, with a term expiring at the next annual meeting of stockholders or until their successor has been elected and qualified or until their earlier resignation or removal.   It has not yet been determined whether either of Mr. Hurtz or Mr. Andreyev will be appointed to serve on any committee of the Board.

Neither Mr. Hurtz nor Mr. Andreyev is a party to any arrangement or understanding with any other person pursuant to which they were appointed as a director.  In addition, there are no family relationships between either Mr. Hurtz or Mr. Andreyev and any other officer or director of the company.
 
Neither Mr. Hurtz nor Mr. Andreyev has been a party to any transactions required to be disclosed under Item 404(a) of Regulation S-K.
 
Mr. Kurtz will receive an annual retainer fee and a restricted stock warrant award as compensation for his service as a director.

Mr. Andreyev will not receive any fees or equity consideration as compensation for his service as a director.
 
With the addition of Mr. William H. Kurtz and Mr. Peter Andreyev, the Company's Board of Directors now consists of seven members.

The Company issued a press release on August 19, 2010 announcing the appointment of Mssrs. Kurtz and Andreyev to serve as directors.  A copy of the press release is attached hereto as Exhibit 99.1 and is hereby incorporated by reference.

 
 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated:  August 19, 2010

 
AuraSound, Inc.
   
 
By:
/s/ Harald Weisshaupt
   
Harald Weisshaupt
 
Its:  
Chief Executive Officer
 
 
 

 

EXHIBIT INDEX
 
Exhibit No.
 
Description
 
 
 
 

 
 

EX-99.1 CHARTER 2 ex_991.htm AURASOUND, INC. EXHIBIT 99.1 ex_991.htm
Exhibit 99.1
AuraSound Appoints Two New Members to Board of Directors

Sante Fe Springs, California, August 19th, 2010

AuraSound, Inc. (OTC BB: ARUZ.OB), has appointed Mr. William H. Kurtz and Mr. Pete Andreyev to their board of directors effective immediately.

Mr. Kurtz has over 30 years experience, serving as Chief Financial Officer for Fortune 500 companies and COO/CFO for fast growth middle capitalization growth companies. Mr. Kurtz is currently CFO of Bloom Energy and is responsible for managing the finance, accounting, legal, facilities, human resources and supply chain organizations.  His experience includes positions at Price Waterhouse, AT&T, Scient Corporation, 3Par Data, and Novellus Systems. Mr. Kurtz is also currently a member of the board of directors and chair of the Audit Committee of PMC-Sierra, Inc. He holds a holds a Bachelor’s degree in Commerce from Rider University and an M.S. degree in Management from Stanford University.

Mr. Andreyev has over 30 years experience in the high technology industry and has held many executive positions, including Vice President of Asia Pacific Sales at both IBM and Hitachi. His experience includes new product development, manufacturing, corporate strategy, and sales & marketing. Mr. Andreyev is currently CEO of MaxProfit Consulting Ltd. and serves as a board member of several public and private firms. Mr. Andreyev earned a B.S. degree in Electrical Engineering at the University of Notre Dame and a M.S. degree in Management at Stanford University.

 “I am very excited to have two individuals of Mr. Kurtz and Mr. Andreyev’s capabilities join AuraSound’s Board of Directors,” stated Mr. Danny Tsui, AuraSound chairman. “The gentlemen bring a wealth of experience to our company and complement our existing board members well. I look forward to their contributions in what I believe will be a bright future for the new AuraSound.”

AuraSound, Inc.
AuraSound has over 20 years experience specializing in the design and manufacturing of high-end speakers, consistently providing people with an optimal audio experience. AuraSound’s broad range of products include high-quality drivers for TV’s and laptops, state-of-the art subwoofers and tactile transducers. AuraSound’s products are based on patented and proprietary NRT® Drivers, BassShakers™, Line Source™ tweeters and more. With their recent acquisition of ASI Audiotechnologies, they have added an industry leading TV soundbar business, additional proprietary transducer technology, application specific amplifier designs, and award winning ID designs. For more information visit the company web site at www.aurasound.com.
 
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Reliance should not be placed on forward-looking statements because they involve both known and unknown risks, uncertainties and other factors, which are, in some cases, beyond the control of AuraSound. Any statements in this press release that are not statements of historical fact are forward-looking statements, including, but not limited to, those relating to the AuraSound’s long-term strategic objectives and Mr. Kurtz and Mr. Andreyev’s contributions to the board of directors. Actual events, performance or results could differ materially from the anticipated events, performance or results expressed or implied by such forward-looking statements. BEFORE MAKING ANY INVESTMENT DECISIONS REGARDING OUR COMPANY, WE STRONGLY ADVISE YOU TO READ THE SECTION ENTITLED “RISK FACTORS” IN OUR MOST RECENT ANNUAL REPORT ON FORM 10-K, WHICH CAN BE ACCESSED AT WWW.SEC.GOV.  We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
 

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