- Current report filing (8-K)
December 20 2011 - 12:07PM
Edgar (US Regulatory)
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): December 20, 2011
ASIARIM CORPORATION
(Exact Name of Registrant as Specified in
Charter)
Nevada
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333-147187
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83-0500896
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(State or
other jurisdiction
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(Commission
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(IRS
Employer
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of
incorporation)
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File Number)
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Identification
No.)
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Suite 1601, 16/F Jie Yang Building, 271 Lockhart Road, Wanchai, Hong Kong
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n/a
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(Address of
principal executive offices)
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(Zip code)
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Registrant's telephone number, including area code:
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+ 852
6346-1894
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[ ]
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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:
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[ ]
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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[ ]
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
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The Company has completed an internal restructuring and preliminary reviewed its business.
As a consequence, the Company will concentrate its current resources focusing on branding
opportunities using the strong brand presence in the market place. The Company will focus
its business on brand management and licensing activities partnering with strategic key
players in the CE/Computer and Gaming industry going forward rather than a manufacturing
and distribution business model. The Company has currently granted trademark licensing
agreements for Gaming software and applications and for Commodore 64 Retro keyboard
computers as announced in Form 8-K filing on September 23, 2010.
At this moment negotiations have been
commenced since the initial agreement with Commodore LLC (Retro) will expire under the
current terms and conditions on December 31, 2011 and the Licensee has requested to
continue the License under revised conditions, whereby the Company would consider to
incorporate Licensee's activities into its operational structure. Final negotiation
results will be expected in the next few weeks. The Company
'
s licensing company, Commodore Asia Electronics Limited, is
currently in discussion with the Licensee regarding future trademark licensing
opportunities.
Commodore Asia Electronics Limited is one of the brand licensing
companies within the Group besides Commodore Licensing BV in Europe., having been granted
licenses from C=Holdings BV since 2008. After the restructuring of the Group in early
November 2011, Commodore Brand IP Limited, holds the ownership of the Commodore Brand
trademarks and IP.
In addition, as announced in our Form 8-K
filing on December 7, 2011, Mr. Eugene van Os was removed from all his positions, as CFO,
Secretary and Treasurer, in the Company and its subsidiaries on October 31, 2011. We have
since requested on several occasions for Mr. van Os to return all the records of the
Company and its subsidiaries. However, Mr. Van Os refused to hand over the records to the
current management. These information and records, which we assume, are still in Mr. van
Os's possession, belong to and are properties of the Company. The Company is currently
seeking legal advice and shall reserve its rights to claim for any damages caused as a
result of not timely receiving the documents and records from Mr. van Os.
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SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly
caused this Current Report to be signed on its behalf by the undersigned hereunto duly
authorized.
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Date: December 20, 2011
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ASIARIM CORPORATION
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By:
/s/ Ben van
Wijhe
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---------------------------------
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Name: Ben van Wijhe
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Title: President and
CEO
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