CBAK Energy Technology, Inc.

Regulatory Filings • Apr 22, 2010

8-K 1 v181928_8k.htm Unassociated Document Licensed to: Vintage Filings Document Created using EDGARizer 4.0.6.1 Copyright 1995 - 2008 EDGARfilings, Ltd., an IEC company. All rights reserved

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 AND EXCHANGE ACT OF 1934

Date of Report (Date of Earliest Event Reported): April 8, 2010

| CHINA
BAK BATTERY, INC. |
| --- |
| (Exact
name of registrant as specified in its
charter) |

Nevada	001-32898	86-0442833
(State
or other jurisdiction of
incorporation)	(Commission
File No.)	(IRS
Employer Identification
No.)

| BAK
Industrial Park, No. 1 BAK Street |
| --- |
| Kuichong
Town, Longgang District |
| Shenzhen,
518119 |
| People’s
Republic of China |
| (Address,
including zip code, of principal executive offices) |
| (86-755)
8977-0093 |
| (Registrant’s
telephone number, including area code) |
| Not
applicable |
| (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):

| o | Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425) |
| --- | --- |
| o | Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12) |
| o | Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
| o | 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 Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e) On April 8, 2010, the Company entered into a nonqualified stock option agreement (the “Stock Option Agreement”) with Dr. Huanyu Mao, Chief Technology Officer and a director of the Company, to grant an option (the “Option”) to purchase 100,000 shares of the Company’s common stock, at a price of $2.43 per share. The Option will expire on September 30, 2017, or in the event of Dr. Mao’s termination of service to the Company, or any earlier date provided for under the Company’s stock option plan. The Option vests over a period of two years as follows: The Option vests and becomes exercisable as to 12,500 shares of Common Stock on October 1, 2010, and as to an additional 12,500 shares of Common Stock at the end of each subsequent quarter until fully vested, except that the Option will vest immediately in full upon the Company’s consummation of a merger, consolidation or sale of all or substantially all of its business or assets. The Option is not transferable except in certain limited circumstances, and may only be exercised by Dr. Mao or his legally authorized representative during Dr. Mao’s lifetime. This brief description of the terms of the Stock Option Agreement is qualified by reference to the provisions of this agreement. The Stock Option Agreement is included as Exhibit 99.1 to this Report, and is hereby incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit Description

99.1 Nonqualified Stock Option Agreement between the Registrant and Huanyu Mao, dated as of April 8, 2010

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.

/s/ Jun Zou
Jun
Zou
Chief
Financial Officer

3

EXHIBITS

Exhibit Description

99.1 Nonqualified Stock Option Agreement between the Registrant and Huanyu Mao, dated as of April 8, 2010

4