0001213900-20-000008.txt : 20200102 0001213900-20-000008.hdr.sgml : 20200102 20200102080052 ACCESSION NUMBER: 0001213900-20-000008 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20200102 FILED AS OF DATE: 20200102 DATE AS OF CHANGE: 20200102 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FULING GLOBAL INC. CENTRAL INDEX KEY: 0001637921 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS PRODUCTS, NEC [3089] IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-37602 FILM NUMBER: 20500131 BUSINESS ADDRESS: STREET 1: SOUTHEAST INDUSTRIAL ZONE STREET 2: SONGMEN TOWN CITY: WENLING, ZHEJIANG PROVINCE STATE: F4 ZIP: 317511 BUSINESS PHONE: 8657686623058 MAIL ADDRESS: STREET 1: SOUTHEAST INDUSTRIAL ZONE STREET 2: SONGMEN TOWN CITY: WENLING, ZHEJIANG PROVINCE STATE: F4 ZIP: 317511 6-K 1 f6k010220_fulingglobal.htm FORM 6-K

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

 

For the month of January 2020

 

Commission File Number: 001-37602

 

Fuling Global Inc.

(Registrant’s name)

 

Southeast Industrial Zone, Songmen Town

Wenling, Zhejiang Province

People’s Republic of China 317511

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.:

 

Form 20-F x Form 40-F o

 

Indicate by check mark if the registrant is submitting the Form 6-K on paper as permitted by Regulation S-T Rule 101(b)(1): o

 

Indicate by check mark if the registrant is submitting the Form 6-K on paper as permitted by Regulation S-T Rule 101(b)(7): ¨

 

  

 

 

 

 

   

Explanatory Note:

 

On January 2, 2020, the Registrant announced that, with the approval of the Board, it had appointed Peng (“Gillian”) Hu as the Registrant’s Chief Financial Officer effective January 1, 2020.

 

From July 2019, Ms. Hu has been an independent director and the Chair of the Audit Committee of China Eco-Materials Group Co. Limited which is in the process of applying for listing on Nasdaq. From May 8, 2018 to July 2019, Ms. Hu served an independent director and Chair of the Audit Committee of China Xiangtai Food Co., Ltd. (Nasdaq: PLIN). From January 2019 to July 2019, Ms. Hu was the Chief Financial Officer of Hunan Eurbest Nurition Co., Ltd. She was the Financial Controller at Hunan International Economics University, a subsidiary of Laureate Education, Inc. (Nasdaq: LAUR) from May 2015 to May 2018. Prior to that, Ms. Hu was a Senior Auditor at Friedman LLP from July 2011 to December 2013, a Senior Accountant at China Customs from January 2008 to March 2009, and a Senior Auditor at Ernst & Young from August 2005 to November 2007. Ms. Hu acquired her master’s degree in taxation from Baruch College, Zicklin School of Business, CUNY in August 2011, and her bachelor’s degree in accounting from Tsinghua University, School of Economics and Management in July 2005. Ms. Hu is familiar with Chinese GAAP and US GAAP.

 

There are no family relationships between Ms. Hu and any director, executive officer or person nominated or chosen by the Registrant to become a director or executive officer. Additionally, there have been no transactions involving Ms. Hu that would require disclosure under Item 404(a) of Regulation S-K.

 

The Registrant issued a press release on January 2, 2020, announcing the appointment of Ms. Hu as the Registrant’s Chief Financial Officer, a copy of which is attached to this Form 6-K as Exhibit 99.1.

 

Summary of Employment Agreement

 

The employment agreement is effective January 1, 2020. Under the terms of Ms. Hu’s employment, she is entitled to base compensation of $58,000 per year.

 

From January 1, 2020 to December 31, 2020, either party may only terminate the agreement with cause, upon thirty (30) days’ written notice to the other party. From January 1, 2021, either party may terminate the agreement at any time, for any reason or for no reason, with or without cause, upon thirty (30) days’ written notice to the other party.

 

The foregoing is a summary of the material terms of the employment agreement and is qualified in its entirety by reference to the employment agreement.

 

Ms. Meihong Pan continued to serve as the Company's interim Chief Financial Officer until December 31, 2019. After such time, Ms. Pan continues to serve as the Registrant’s financial controller.

 

 

Exhibits

No.

  Description
99.1   Press release dated January 2, 2020, titled “Fuling Global Appoints Peng Hu as Chief Financial Officer”

 

 

 

 

   

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, thereunto duly authorized.

 

  FULING GLOBAL INC.
     
Date: January 2, 2020 By: /s/ Xinfu Hu
  Name: Xinfu Hu
  Title: Chief Executive Officer

  

 

 

 

 

 

EX-99.1 2 f6k010220ex99-1_fulingglobal.htm PRESS RELEASE DATED JANUARY 2, 2020, TITLED FULING GLOBAL APPOINTS PENG HU AS CHIEF FINANCIAL OFFICER

Exhibit 99.1

 

 

Fuling Global Appoints Peng Hu as Chief Financial Officer

WENLING, Zhejiang Province, China and ALLENTOWN, Pennsylvania, January 2, 2020 – Fuling Global Inc. (Nasdaq: FORK) (“Fuling Global” or the “Company”), a manufacturer and distributor of environmentally friendly disposable plastic and paper foodservice products, today announced that Peng (Gillian) Hu has been named chief financial officer.

 

Ms. Hu succeeds Meihong Pan, who has served as interim CFO since November 2019. Ms. Pan will remain with Fuling Global as its financial controller, a position she has held since 2006. The Company’s previous chief financial officer, Gilbert Lee, currently serves as a consultant to Fuling Global, focused on global expansion initiatives.

 

Prior to joining Fuling Global, Ms. Hu was the financial controller at Hunan International Economics University, a subsidiary of Nasdaq-listed Laureate Education, Inc. She previously held auditor positions at Friedman LLP and Ernst & Young.

 

Ms. Hu currently serves on the board of directors as audit committee chair at China Eco-Materials Group Co. Ltd., which has filed an F-1/A registration statement with the U.S. Securities and Exchange commission for an initial public offering. Previously, she was audit committee chair at China Xiangtai Food Co., Ltd., a Nasdaq-listed company. Ms. Hu received an M.S. degree in Taxation from the Zicklin School of Business, Baruch College, in New York City and a B.B.A. degree in accounting from the School of Economics and Management, Tsinghua University in Beijing.

 

“A highly experienced and skilled financial executive, Gillian has significant Chinese GAAP and US GAAP accounting experience, and we are excited that she is joining Fuling Global at an important juncture in our evolution,” said Xinfu Hu, CEO of Fuling Global Inc. “Gillian will play a key role as we focus on growth initiatives, including international expansion and the introduction of new, environmentally friendly products to foodservice customers around the world.”

 

About Fuling Global Inc.

 

Fuling Global Inc. manufactures and distributes plastic and paper serviceware for the foodservice industry, with precision manufacturing facilities in the U.S., Mexico and China. The Company's plastic and paper serviceware products include disposable cutlery, drinking straws, cups, plates and other plastic and paper products and are used by more than one hundred customers primarily from the U.S., China and Europe, including Subway, Wendy's, Burger King, Taco Bell, KFC (China only), Walmart, and McKesson. More information about the Company can be found at: http://ir.fulingglobal.com/.

 

 

 

 

 

Forward-Looking Statements

 

This press release contains information about Fuling Global’s view of its future expectations, plans and prospects that constitute forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Actual results, including, but not limited to, international expansion and introduction of new products, may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of software and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. Fuling Global encourages you to review other factors that may affect its future results in Fuling Global’s annual report and in its other filings with the Securities and Exchange Commission. Fuling Global disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

 

# # #

 

For more information, contact:

 

PondelWilkinson, Inc.

Judy Lin Sfetcu or Roger Pondel

310-279-5980

jsfetcu@pondel.com

rpondel@pondel.com

 

 

 

 

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