|SEVEN STARS CLOUD GROUP, INC. filed this Form 8-K on 11/14/2017|
Date of Report (Date of earliest event reported): November 9, 2017
STARS CLOUD GROUP, INC.
No.4 Drive-in Movie Theater Park, No. 21, Liangmaqiao Road,
Chaoyang, District, Beijing,P.R.C. 100125
Registrant’s telephone number, including area code: 212-206-1216
(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):
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. ¨
On November 9, 2017, the Board of Directors (the “Board”) of Seven Stars Cloud Group, Inc. (the “Company”) appointed Xin Wang to serve as an independent director of the Board, filling a vacancy on the Board. The appointment of Mr. Wang was made as a result of a Securities Purchase Agreement dated October 23, 2017, pursuant to which Hong Kong Guo Yuan Group Capital Holdings Limited, the purchaser of the securities, became entitled to designate one individual to join the Board. Mr. Wang is the designee.
There are no family relationships between Mr. Wang and any of the Company’s officers and directors and there are no other transactions to which the Company or any of its subsidiaries is a party in which Mr. Wang has a material interest subject to disclosure under Item 404(a) of Regulation S-K.
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.