Business Context and Reporting Period
This Form 8-K Current Report was filed by American Lorain Corporation (also referenced as Planet Green Holdings Corp. in metadata) on October 20, 2010, covering events occurring on October 14, 2010. The registrant is incorporated in Nevada with principal executive offices located in Shandong, China.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance changes and does not contain financial performance data.
Material Changes
- Termination of Employment Agreement: On October 14, 2010, the Company terminated the employment agreement dated September 22, 2008, with Mr. Alan Jin.
- Departure of Officer: Mr. Alan Jin resigned as Chief Financial Officer (CFO), effective October 14, 2010. The Board accepted the resignation, noting no disagreement between Mr. Jin and the Company.
- Appointment of Interim Officer: Ms. Lin Fu was appointed as interim Chief Financial Officer, effective October 14, 2010.
Management Commentary and Compensation
Ms. Lin Fu, age 38, has been employed by the Company since 1996, serving as Chief Accountant since 2007. She will continue to perform her duties as Chief Accountant while serving as interim CFO until a permanent replacement is engaged. Her annual salary for the interim CFO role is $22,740. The Company confirmed there are no undisclosed arrangements regarding her selection and no family relationships with other directors or officers.
Investor Verification Checklist
- Verify the timeline for the appointment of a permanent Chief Financial Officer to replace the interim appointee.
- Confirm the status of the Company's financial reporting and internal controls following the departure of the previous CFO.
- Review subsequent filings for any financial data or operational updates not included in this governance-focused report.