0001144204-11-017555.txt : 20110328 0001144204-11-017555.hdr.sgml : 20110328 20110328152125 ACCESSION NUMBER: 0001144204-11-017555 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110322 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: 20110328 DATE AS OF CHANGE: 20110328 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AgFeed Industries, Inc. CENTRAL INDEX KEY: 0001331427 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE PRODUCTION - LIVESTOCK & ANIMAL SPECIALTIES [0200] IRS NUMBER: 202597168 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33674 FILM NUMBER: 11715427 BUSINESS ADDRESS: STREET 1: SUITE A1001-1002, TOWER 16 STREET 2: HENGMAO INT'L CTR., 333 S. GUANGCHANG RD CITY: NANCHANG, JIANGXI PROVINCE STATE: F4 ZIP: 330003 BUSINESS PHONE: 86-791-6669093 MAIL ADDRESS: STREET 1: 100 BLUEGRASS COMMONS BLVD. STREET 2: SUITE 310 CITY: HENDERSONVILLE STATE: TN ZIP: 37075 FORMER COMPANY: FORMER CONFORMED NAME: Agfeed Industries, Inc DATE OF NAME CHANGE: 20061122 FORMER COMPANY: FORMER CONFORMED NAME: Wallace Mountain Resources Corp. DATE OF NAME CHANGE: 20050627 8-K 1 v216291_8k.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
 
March 22, 2011
Date of Report (Date of earliest event reported)
 
AgFeed Industries, Inc.
(Exact name of registrant as specified in its charter)
 
Nevada
 
001-33674
 
20-2597168
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS Employer
Ident. No.)
         
Suite A1001-1002, Tower 16, Hengmao Int’l Center
Nanchang City, Jiangxi Province, China
 
330003
(Address of principal executive offices)
 
(Zip Code)
 
86-791-6669093
Registrant’s telephone number, including area code
 
N/A
(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:
 
¨ 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))
 
 
 

 
 

Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 
On March 22, 2011, Raymond M. Cesca, age 69, was appointed President of AgFeed Industries, Inc. (the “Company”).  From August 2006 to July 2009, Mr. Cesca served as president of the World Agricultural Forum, an international agriculture and agribusiness-driven forum promoting the role agriculture plays in economic development and food security, after serving on its board of advisors since 1996.  Since January 2000, he also serves as president and chief executive officer of Global Alliance for Economic Advancement (GAEÁ), a market development, trade and strategic planning organization that promotes the development of small to medium-sized enterprises in support of economic advancement in developing countries.  Mr. Cesca is not party to any employment agreement with the Company.  He currently receives an annual base salary of $225,000 and participates in the Company’s benefit plans on the same basis as other executives of the Company.  Mr. Cesca does not have an interest requiring disclosure under Item 404(a) of Regulation S-K.

For additional information, reference is made to the press release, which is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 9.01 
Financial Statements and Exhibits.
 
(d) 
Exhibits:
 
99.1 
Press release, dated March 22, 2011, of AgFeed Industries, Inc.
   
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.
 
 
AGFEED INDUSTRIES, INC.
     
Dated:  March 28, 2011
   
     
 
By:
/s/  Gerard Daignault
     
Gerard Daignault
     
Chief Operating Officer
 
 
 

 
 
EXHIBIT INDEX
 
Exhibit Number
 
Description
     
99.1
 
Press release, dated March 22, 2011, of AgFeed Industries, Inc.
 
 
 

 
EX-99.1 2 v216291_ex99-1.htm
 
AGFEED INDUSTRIES, INC. ANNOUNCES APPOINTMENT OF
RAYMOND M. CESCA AS PRESIDENT
 
NEW YORK, March 22, 2011 – AgFeed Industries, Inc. (Nasdaq: FEED, NYSE Alternext: ALHOG - News) (“AgFeed” or the “Company”), an international agribusiness company with operations in the U.S. and China and one of the large independent hog producers and manufacturers of animal nutrients in China announced the addition of Raymond M. Cesca to its leadership team.  Mr. Cesca will serve as President of the Company and assume his responsibilities on April 1, 2011.
 
Most recently, Mr. Cesca served as Managing Director of World Trade for the McDonald’s Corporation where he was a leader of their global expansion. He led the establishment of new relationships that served to lower supply chain costs and helped build an infrastructure that created a world-class supply chain.  Prior to McDonald’s, Mr. Cesca served in leadership positions at CPC International in marketing, sales, and business development. In recent years he also has served as the President of the World Agricultural Forum where he brought together food and agricultural leaders from industry, government, and academia to address critical issues facing global agriculture.
 
John A. Stadler, AgFeed’s Chairman  Interim Chief Executive Officer stated, “Ray’s focus will be on the next phase of the Company’s growth, building on the foundation and momentum established through AgFeed’s 2010 acquisition of M2P2.  We expect that the global relationships with producers and governments developed by Ray through his career will be invaluable to us as we continue our growth trajectory.”  Mr. Stadler added, “We are very pleased to have Ray join our team.  He is an accomplished leader in the food industry with vast experience at all levels of the global food value chain and brings to AgFeed’s leadership team a terrific mix of operational experience that together with his passion for excellence and leadership will be a great compliment to our existing team as he plays a key role in helping to achieve our vision for AgFeed.”
 
ABOUT AGFEED INDUSTRIES, INC.
 
NASDAQ Global Market Listed AgFeed Industries (www.agfeedinc.com) is an international agribusiness with operations in the U.S. and China.  AgFeed has two business lines animal nutrition in premix, concentrates and complete feeds and hog production. In the U.S., AgFeed’s hog production unit, M2P2, is a market leader in setting new standards for production efficiency and productivity. AgFeed believes the transfer of these processes, procedures and techniques will allow its new Western-style Chinese hog production units to set new standards for production in China. China is the world's largest pork market consuming 50% of global production and over 62% of total protein consumed in China is pork.  Hog production in China enjoys income tax free status.
 
 
 

 
 
SAFE HARBOR DISCLOSURE NOTICE
 
Certain statements regarding AgFeed Industries set forth in this press release contain forward-looking information and speak only as of the date of such statement.  You can identify these statements by the fact that they use words such as "will," "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "target," "forecast" and other words and terms of similar meaning in connection with any discussion of future operating or financial performance or business plans and prospects.  This forward-looking information is subject to numerous material risks, uncertainties and assumptions, certain of which are beyond the control of AgFeed Industries, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, environmental risks, competition from other industry participants, stock market volatility, ability to access sufficient capital from internal and external sources. Readers are cautioned that the material assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise.  Actual results, performance or achievement could differ materially from those expressed in, or implied by, this forward-looking information and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits that AgFeed Industries will derive therefrom.  AgFeed Industries disclaim any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.  For additional information and risk factors that could affect AgFeed Industries, see its filings with the Securities and Exchange Commission, including “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations,” including “Cautionary Statement for Forward-Looking Statements,” set forth in the Company’s Annual Report on Form 10-K for the period ended December 31, 2010.  The information contained in this press release is made as of the date of the press release, even if subsequently made available by AgFeed Industries on its website or otherwise.
 
Contact:  Investor Relations: AgFeed Industries, Inc.     Tel: (917) 804-3584     Email: ir@agfeedinc.com
 
The Company's policy is to handle all questions by email to ir@agfeedinc.com and they will be answered as soon as possible.