Current Report Filing (8-k)
April 18 2023 - 9:00AM
Edgar (US Regulatory)
0001491487
false
00000
0001491487
2023-04-14
2023-04-14
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
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): April 14, 2023
TAKUNG
ART CO., LTD
(Exact
name of Registrant as specified in its charter)
Delaware |
|
001-38036 |
|
26-4731758 |
(State
or other jurisdiction
of
Incorporation) |
|
(Commission
File No.) |
|
(IRS
Employer
Identification
No.) |
Office
Q 11th Floor, Kings Wing Plaza 2
No.
1 Kwan Street, Sha Tin, New Territories, Hong Kong
(Address
of Principal Executive Offices)
Registrant’s
telephone number: +8613020144962
Room
709 Tower 2, Admiralty Centre,
18
Harcourt Road, Admiralty, Hong Kong
(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)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common Stock, par
value $0.001 per share |
|
TKAT |
|
NYSE American |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 |
Departure of
Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
Effective
April 14, 2023, the board of directors of Takung Art Co., Ltd. (the “Company”) approved the termination of Mr. Kwok Leung
Paul Li position as the Company’s Co-Chief Executive Officer (“Co-CEO”) for cause, as defined in the executive employment
agreement by and between the Company and the Co-CEO, dated July 20, 2021 (the “Employment Agreement”).
Pursuant
to the terms of the Employment Agreement, the Company may terminate the Co-CEO’s employment for cause at any time, without any
advance notice or payment in lieu of notice. The Company shall pay to the Co-CEO all compensation prescribed under the Employment Agreement
to which the Co-CEO is entitled up through the date of termination, subject to any other rights or remedies of the Company under law,
and thereafter all obligations of the Company under the Employment Agreement shall cease.
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.
Date:
April 18, 2023
|
Takung
Art Co., Ltd |
|
|
|
/s/
Kuangtao Wang |
|
Name:
|
Kuangtao Wang |
|
Title:
|
Chief Executive Officer |
2
Takung Art (AMEX:TKAT)
Historical Stock Chart
From Sep 2024 to Oct 2024
Takung Art (AMEX:TKAT)
Historical Stock Chart
From Oct 2023 to Oct 2024