0001013762-11-001163.txt : 20110427 0001013762-11-001163.hdr.sgml : 20110427 20110427070022 ACCESSION NUMBER: 0001013762-11-001163 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20110425 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110427 DATE AS OF CHANGE: 20110427 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WORLDWIDE ENERGY & MANUFACTURING USA INC CENTRAL INDEX KEY: 0001111816 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS MANUFACTURING INDUSTRIES [3990] IRS NUMBER: 841536519 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-31761 FILM NUMBER: 11781653 BUSINESS ADDRESS: STREET 1: 408 N. CANAL STREET STREET 2: UNIT A & B CITY: SAN FRANCISCO STATE: CA ZIP: 94080 BUSINESS PHONE: (650) 794-9865 MAIL ADDRESS: STREET 1: 408 N. CANAL STREET STREET 2: UNIT A & B CITY: SAN FRANCISCO STATE: CA ZIP: 94080 FORMER COMPANY: FORMER CONFORMED NAME: WORLDWIDE MANUFACTURING USA INC DATE OF NAME CHANGE: 20031114 FORMER COMPANY: FORMER CONFORMED NAME: TABATHA III INC DATE OF NAME CHANGE: 20000413 8-K 1 form8k.htm WORLDWIDE ENERGY AND MANUFACTURING USA, INC. FORM 8-K form8k.htm
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): April 25, 2011
 
WORLDWIDE ENERGY AND MANUFACTURING USA, INC.
 
 (Exact name of registrant as specified in its charter)
 
 
 COLORADO 
 0-31761 
84-1536519
 (State or other jurisdiction of incorporation)     
 (Commission File Number) 
(IRS Employer Identification No.)
     
 
408 N. CANAL STREET, UNIT A&B, SOUTH SAN FRANCISCO, CA 94080
 (Address of principal executive offices and Zip Code)
 
Registrant's telephone number, including area code: (650) 794-9888
 
Copies to:

Darrin M. Ocasio, Esq.
Sichenzia Ross Friedman Ference LLP
61 Broadway, 32nd Floor
New York, New York 10006
Phone: (212) 930-9700 Fax: (212) 930-9725
 
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):
 
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
[ ] 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))
 
 
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Item 5.02.
Departure of Directors of Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 
On April 25, 2011, the board of directors (the “Board”) of Worldwide Energy and Manufacturing USA, Inc. (the “Company”) removed Jimmy Wang from all offices and positions that he held with the Company, including his positions as Chief Executive Officer and Chairman of the Board of the Company.  Mr. Wang remains a director of the Company.  In addition, the Board took action to remove Mr. Wang from all offices, positions, and directorships that he holds with the Company’s subsidiaries and affiliates.

On April 25, 2011, the Board also took action to remove Mindy Wang from all offices and positions that she held with the Company, including her positions as Secretary and Treasurer of the Company.  Mrs. Wang remains a director of the Company.  In addition, the Board took action to remove Ms. Wang from all offices, positions, and directorships that she holds with the Company’s subsidiaries and affiliates.

On April 26, 2011, Michael Toups resigned from his position as Chief Financial Officer of the Company.

On April 25, 2011, the Board appointed Jeff Watson as the Company’s Chief Executive Officer, and as interim Secretary, and Treasurer.  Mr. Watson, age 48, has served as President of the Company since January 14, 2008.  He was appointed to the Board and named as Vice Chairman of the Board on May 25, 2010.  Mr. Watson has over 23 years of manufacturing experience supporting a variety of industries and markets.  He started his career as an engineer in the power transmission industry with Fasco Gearmotors, a vertically integrated design and manufacturing company producing gear-motors, linear actuators and the supporting electronic controls.  He held several engineering and managerial positions until leading the organization as general manager from 1999 to 2001.  In 2001, Mr. Watson joined Joslyn Sunbank and led the company as president until 2008.  Joslyn Sunbank, a division of the Danaher Corporation, is a leader in the design and manufacture of high reliability electrical components and sub-systems serving Aerospace and Defense markets globally.  Mr. Watson earned a Bachelor of Science Degree in Mechanical Engineering from the University of Missouri.

Mr. Watson has not entered into any material plan, contract or arrangement with the Company or any person in connection with his appointment, and he has not received any grant or award under any plan, contract or arrangement.  There are no transactions to which the Company or any of its subsidiaries is a party and to which Mr. Watson has a material interest subject to disclosure under Item 404(a) of Regulation S-K.   

On April 27, 2011, the Company issued a press release describing the foregoing removals and appointments.  A copy of the press release is attached as Exhibit 99.2 hereto and is incorporated herein by reference.
 
Item 9.01.
Financial Statements and Exhibits.
 
(d)  Exhibits.
 
Exhibit Number
 
Description
99.1
 
Resignation of Michael Toups
     
99.2
 
Press Release dated April 27, 2011
 
 
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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.
 
 
 
WORLDWIDE ENERGY AND MANUFACTURING USA, INC.
 
       
Date: April 26, 2011
By:
/s/ Jeff Watson
 
   
Jeff Watson
 
   
President and Chief Executive Officer
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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EX-99.1 2 ex991.htm EXHIBIT 99.1 ex991.htm
Exhibit 99.1
 
 
RESIGNATION
 
 
I, Michael Toups, hereby resign from my position as Chief Financial Officer of Worldwide Energy & Manufacturing USA, Inc. effective immediately.
 
 
     
       
Dated: April 26, 2011
By:
/s/ Michael Toups  
    Name: Michael Toups  
       
       
 

EX-99.2 3 ex992.htm EXHIBIT 99.2 ex992.htm
Exhibit 99.2

Investor Relations Contact:                                                                                                
Mr. Andrew Haag, Managing Partner                                                                                  
IRTH Communications, LLC                                                                    
Tel: +1-866-976-IRTH (4784)                                                                    
E-mail: wemu@irthcommunications.com
Website: www.irthcommunications.com

Worldwide Energy & Manufacturing USA, Inc. Board Removes Jimmy Wang as Chairman, CEO; Appoints Jeff Watson as Chief Executive Officer
 
 
SOUTH SAN FRANCISCO, Calif., April 27, 2011 – Worldwide Energy & Manufacturing USA, Inc. (OTCBB:WEMU - News) ("Worldwide" or the "Company"), a  rapidly growing supplier of photovoltaic (PV) solar modules under the ‘Amerisolar’ brand, today announced that on April 25, 2011, its board of directors removed Jimmy Wang as Chairman and Chief Executive Officer and from all offices and positions that he held with the Company. Mr. Wang remains on the board. The Board also took action to remove Mr. Wang from all offices, positions, and directorships that he holds with the Company’s subsidiaries and affiliates.

In addition, the Board took action on April 25, 2011, to remove Mindy Wang, the wife of Jimmy Wang, from all offices and positions that she held with the Company, including her positions as Secretary and Treasurer of the Company as well as from all offices, positions, and directorships that she holds with the Company’s subsidiaries and affiliates.  Mrs. Wang remains on the board. Concurrent with these actions on April 25, 2011, the Board also appointed Mr. Jeff Watson, President of Worldwide, as the Company’s Chief Executive Officer and as interim Secretary and Treasurer. Mr. Watson has served as President of Worldwide since January 14, 2008 and was appointed to the Board and named as Vice Chairman on May 25, 2010.

Mr. Watson has over 23 years of manufacturing experience supporting a variety of industries and markets. Prior to joining the Company, he was President of Joslyn Sunbank from 2001 to 2008. Joslyn Sunbank is a division of Danaher Corp. (NYSE: DHR) and a leader in the design and manufacture of high-reliability electrical components and sub-systems serving Aerospace and Defense markets globally. He began his career as an engineer in the power transmission industry with Fasco Gearmotors, a vertically integrated design and manufacturing company producing gear-motors, linear actuators and the supporting electronic controls, and held several engineering and managerial positions until leading the organization as general manager from 1999 to 2001. He holds a Bachelor of Science Degree in Mechanical Engineering from the University of Missouri.

“The Board would like to thank Jimmy Wang for his crucial contribution to Worldwide’s inception and development,” said Mr. Watson.  “Jimmy’s vision in opening new doors for Worldwide created vast opportunities for this business. He successfully took the Company from providing contract manufacturing services globally to also becoming a growing manufacturer of solar modules. As a fairly new entrant to the PV solar market, Worldwide has competed very successfully in this competitive space and has grown revenues significantly and consistently at higher rates than the industry.”

On April 26, 2011, Michael Toups resigned from his position as Chief Financial Officer of the Company. Mr. Toups served as interim Chief Financial Officer of the Company since February 23, 2011.
 
 
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About Worldwide Energy & Manufacturing USA, Inc.

Worldwide Energy & Manufacturing USA, Inc., headquartered in South San Francisco, California with manufacturing facilities in China, is a rapidly growing manufacturer of photovoltaic (PV) solar modules under the ‘Amerisolar’ brand. Founded in 1993, the Company sells its products primarily to clients in Europe, North America and Asia. The Company also operates several subsidiaries in the People’s Republic of China (PRC) that provide mechanical, electronic and fiber optic products manufacturing.  For more information about Worldwide Energy & Manufacturing USA, please visit its website at http://www.wwmusa.com.

Safe Harbor Statement

The information contained herein includes forward-looking statements. These statements relate to future events or to our future anticipated financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding the progress of new product development and market conditions. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People's Republic of China. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We do not intend to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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