SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): September 10, 2012
ORIENT PAPER, INC.
(Exact Name of Registrant as Specified in Charter)
|(State or Other Jurisdiction||(Commission File Number)||(IRS Employer|
|of Incorporation)||Identification No.)|
Science Park, Juli Road
Xushui County, Baoding City
Hebei Province, People’s Republic of China 072550
|(Address of Principal Executive Offices)|
Registrant's telephone number, including area code: (86) 312-8698215
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.
On September 10, 2012, the stockholders of Orient Paper, Inc. (the “Company”) ratified and approved the 2012 Incentive Stock Plan (the “Plan”) at the Company’s Annual Meeting of Stockholders (the “Annual Meeting”). The Plan became effective as of the date of such stockholders’ ratification and approval. A description of the Plan is set forth in the Company’s proxy statement, dated August 2, 2012, for its Annual Meeting (the “Proxy Statement”), under “Proposal 2: Ratification and Approval of the 2012 Incentive Stock Plan” starting on page 21, which is incorporated herein by reference. The description is qualified in its entirety by reference to a copy of the Plan attached to the Proxy Statement as Appendix A, which is also incorporated herein by reference.
Item 5.07 Submission of Matters to a Vote of Security Holders.
The Company held its Annual Meeting on September 10, 2012. A total of 15,700,447 shares of common stock, representing 85.05% of the shares outstanding and eligible to vote and constituting a quorum, were represented in person or by valid proxies at the Annual Meeting. The final results for each of the matters submitted to a vote of stockholders at the Annual Meeting as set forth in the Proxy Statement are as follows:
Proposal 1. Both of the two nominees for directors in Class I were elected to serve until the 2014 Annual Meeting of Stockholders and until their respective successors have been duly elected and qualified, or until such director’s earlier resignation, removal or death. The result of the votes to elect the two directors was as follows:
Proposal 2. The ratification and approval of the 2012 Incentive Stock Option Plan was ratified and approved by the stockholders by the votes set forth in the table below:
Proposal 3. The appointment of BDO China Shu Lun Pan CPAs LLP (“BDO”) as the Company’s independent registered public accounting firm for fiscal 2012 was ratified by the stockholders by the votes set forth in the table below:
There were no broker non-votes with respect to the appointment of BDO.
Item 8.01 Other Events.
On September 11, 2012, the Company issued a press release announcing the results of the Company’s 2012 Annual Meeting of Stockholders, which was held on September 10, 2012. A copy of the press release that discusses this matter is filed as Exhibit 99.1 hereto, and incorporated by reference in this report.
|Item 9.01||Financial Statements and Exhibits|
|99.1||Press release, dated September 11, 2012, issued by Orient Paper, Inc.|
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.
|ORIENT PAPER, INC.|
|Dated: September 12, 2012||By:||/s/ Winston C. Yen|
|Winston C. Yen|
|Chief Financial Officer|
|Company Contact:||Investor Relations Contact:|
|Orient Paper, Inc.||CCG Investor Relations|
|Winston Yen, CFO||Crocker Coulson, President|
|Phone: 1-562-818-3817||Phone: 1-646-213-1915|
|Email: firstname.lastname@example.org||Email: email@example.com|
Orient Paper Announces Results of 2012
Annual Meeting of Shareholders
BAODING, China, September 11, 2012 - Orient Paper, Inc. (NYSE AMEX: ONP) ("Orient Paper" or the "Company"), a leading manufacturer and distributor of diversified paper products in northern China, the results of the Company's 2012 Annual Meeting of Shareholders (the "Annual Meeting"), which was held on September 10, 2012, in Beijing, China.
At the Annual Meeting, Orient Paper's shareholders approved the following proposals:
|§||Elected directors Mr. Zhenyong Liu, Mr. Fuzeng Liu and Ms. Zhaofang Wang as directors in Class II to serve until the annual meeting of stockholders in 2014 and until their respective successors have been duly elected and qualified or until his earlier resignation, removal or death.|
|§||Appointment of BDO China Shu Lun Pan CPAs LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2012.|
|§||Approved the 2012 Incentive Stock Plan|
About Orient Paper, Inc.
Orient Paper, Inc., through its wholly owned subsidiary, Shengde Holdings, Inc., controls and operates Baoding Shengde Paper Co., Ltd. ("Baoding Shengde"), and Hebei Baoding Orient Paper Milling Co., Ltd ("HBOP"). Founded in 1996, HBOP is engaged in the production and distribution of products such as corrugating medium paper, offset printing paper, and other paper and packaging-related products in China. The Company uses recycled paper as its primary raw material. Baoding Shengde, founded in June 2009 located in Baoding, is engaged in the production and distribution of digital photo paper. As one of the largest paper producers in Hebei Province, China, HBOP is strategically located in Baoding, a city in close proximity to Beijing where the majority of publishing houses are based. Orient Paper is led by an experienced management team committed to diversifying the Company's product offering and delivering tailored services to its customers. For more information, please visit http://www.orientpaperinc.com.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, future payments of quarterly dividends; anticipated revenues from the digital photo paper business segment; the actions and initiatives of current and potential competitors; the Company's ability to introduce new products; the Company's ability to implement the planned capacity expansion of corrugate medium paper; market acceptance of new products; general economic and business conditions; the ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the companies and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.