Takung Art Co. Ltd.

09/03/2020 | Press release | Archived content

Current report filing

8-K 1 tm2030200-1_8k.htm FORM 8-K

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): September 3, 2020 (September 2, 2020)

TAKUNG ART CO., LTD

(Exact name of registrant as specified in its charter)

Delaware 001-38036 26-4731758

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

Room 1105 Wing On Plaza, 62 Mody Road, Tsim Sha Tsui, Kowloon, Hong Kong

(Address of Principal Executive Offices)

Registrant's telephone number: +852 3158 0977

(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 (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))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common Stock, par value $0.001 per share

TKAT

NYSE American

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 1.02 Termination of a Material Definitive Agreement.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 2, 2020, Ms. Fang Mu, Chief Executive Officer of Takung Art Co., Ltd (the 'Company') notified the Company of her intention to resign for personal reasons, effective September 5, 2020. Ms. Mu has not advised the Company of any disagreement with the Company on any matter relating to its operations, policies or practices.

Also on September 2, 2020 Ms. Mu notified the Company's wholly-owned subsidiary, Takung Cultural Development (Tianjin) Co., Ltd ('Tianjin Takung') of her intention to terminate her consulting agreement dated August 14, 2019 with effect from September 5, 2020.

The Board of Directors of the Company met on September 3, 2020 and resolved to accept her resignation and termination of her consulting agreement with Tianjin Takung.

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.

Takung Art Co., Ltd
Date: September 3, 2020

/s/ Jiang Wang

Name: Jiang Wang
Title: Chief Financial Officer