- Report of Foreign Issuer (6-K)
December 30 2011 - 4:44PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF
1934
For the month of December 2011
Commission File Number: 0-29946
Qiao Xing Universal Resources, Inc.
(Translation of registrants
name into English)
Qiao Xing Science Industrial Park
Tang Quan
Huizhou City, Guangdong, Peoples Republic of China
516023
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F
x
Form 40-F
¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1):
¨
Indicate by check mark if the
registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
¨
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes
¨
No
x
If
Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- .
On December 22, 2011,
the board of directors of Qiao Xing Universal Resources, Inc. (XING or the Company) adopted the 2011 Equity Incentive Plan (the Plan). The Plan provides for the grant of incentive stock options, nonstatutory stock
options, restricted stock, stock appreciation rights, restricted stock units, performance units, performance shares, and other stock based awards as determined by the Companys board of directors from time to time. Ten million
(10,000,000) ordinary shares of the Company (Shares) are reserved for issuance under the Plan. Commencing on January 1, 2012, the number of Shares issuable under the Plan is also subject to an annual increase which equals the
lessor of (i) 2% of the outstanding Shares on the first day of the fiscal year; (ii) 2,000,000 Shares; or (iii) such lesser amount of Shares as determined by the Companys board of directors. The purposes of the Plan are to
attract and retain the best available personnel for positions of substantial responsibility, to provide additional incentive to the Companys employees, directors and consultants, and to promote the success of the Companys business.
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 hereunto duly authorized.
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Dated: December 22, 2011
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Qiao Xing Universal Resources, Inc.
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By:
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/s/ Zhiyang Wu
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Name: Zhiyang Wu
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Title: Chairman
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