Pacificnet, Inc.
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 1934
Date
of
Report (date of earliest event reported): May 22, 2006
PacificNet
Inc.
(Exact
name of registrant as specified in charter)
Delaware
(State
or
other jurisdiction of incorporation)
|
000-24985
|
|
91-2118007
|
|
(Commission
File Number)
|
|
(IRS
Employer Identification No.)
|
c/o
PacificNet Inc.
23/F,
Tower A, TimeCourt, No.6 Shuguang Xili,
Chaoyang
District, Beijing, China 100028
(Address
of principal executive offices and zip code)
011-852-2876-2900
(Registrant's
telephone number including area code)
601
New Bright Building, 11 Sheung Yuet Road,
Kowloon
Bay, Kowloon, Hong Kong
(Registrant's
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 registrant under any of the following
provisions:
[
] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[
]
Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR
240.14a-12(b))
[
]
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))
Item 5.02. Departure
of Directors or Principal Officers; Election of Directors; Appointment of
Principal Officers.
On
May
22, 2006, the registrant received notification from ShaoJian (Sean) Wang that
effective May 26, 2006, he would resign from his positions as Chief Financial
Officer (Principal Accounting Officer) and Vice President of PacificNet. Mr.
Wang informed the registrant that his decision to resign from these positions
at
PacificNet was due to his appointment as President and Chief Operating Officer
of Hurray! Holding Co., Ltd. (NASDAQ: HRAY). There is no disagreement between
the Registrant and Mr. Wang. Mr. Wang signed and certified the Registrant's
Quarterly Report on Form 10-Q for the period ended March 31, 2006. Mr. Wang
will
remain as a member of the board of directors.
PacificNet
has commenced a search for a new Chief Financial Officer, however on May 26,
2006, the Board of Directors appointed Victor Tong, PacificNet’s current
President, Secretary and Executive Director, to serve as Interim Chief Financial
Officer until a permanent replacement for this position has been identified.
Mr.
Victor Tong, age 35, is currently President, Secretary and an Executive Director
of PacificNet and has served as an officer and director of PacificNet since
1994. Previously, Mr. Victor Tong worked for Andersen Consulting (now
Accenture), American Express Financial Advisors (IDS), and 3M. In 1999, he
was
recognized in "CityBusiness 40 Under 40" as one of the future business and
community leaders in Minnesota. Mr. Tong won the Student Commencement Speaker
Award and graduated with honors with a Bachelor of Science in Physics from
the
University of Minnesota. Mr. Tong was an adjunct professor at the College of
Software of Beihang University, one of the top software colleges in China.
Mr.
Tong is the brother of Tony Tong, PacificNet’s Chairman and Chief Executive
Officer.
Mr.
Tong has not had a direct or indirect material interest in any transaction
or
series of transaction since the beginning of PacificNet’s last fiscal year, or
any currently proposed transaction or series of similar transactions to which
PacificNet or any of its subsidiaries was or is to be a party, in which the
amount involved exceeds $60,000.
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.
| |
|
|
| |
PACIFICNET,
INC.
|
|
|
|
| |
By: |
/s/ Tony
Tong |
| |
|
| |
Name:
Tony Tong
Title: Chief Executive
Officer
|
Dated:
May 26, 2006