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 30, 2008 |
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Federal Sports & Entertainment, Inc. |
| (Exact name of registrant as specified in its charter) |
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| Nevada | 000-1375596 | 20-4856983 |
| (State or other jurisdiction | (Commission | (IRS Employer |
| of incorporation) | File Number) | Identification No.) |
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| 7080 Donlon Way, Ste. 109 Dublin, CA | 94567 |
| (Address of principal executive offices) | (Zip Code) |
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| (925) 226-2889 |
| (Registrant’s telephone number, including area code) |
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| 47395 Monroe St., #274 Indio, CA 92201 |
| (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))
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
(b) On September 30, 2008, Linda Farrell resigned from her position as sole member of the Board of Directors of Federal Sports & Entertainment, Inc. (“we,” “us” or the “Company”). Ms. Farrell’s resignation did not result from any disagreement between her and us.
(c) On September 30, 2008, the Company’s sole member of the Board of Directors by written consent in lieu of a meeting, appointed David Rector as a director to hold office until our next annual meeting of shareholders and to serve until his successor is duly elected and qualified, or until his earlier resignation or removal.
Since 1985, Mr. Rector has been the Principal of The David Stephen Group, which provides enterprise consulting and due diligence services to emerging and developing companies in a variety of industries. He has also been on the board of directors of US Uranium, Inc. (USUI) since June 15, 2007 and has been on the board of directors of Nano Holdings International, Inc. (NNOH) since August 1, 2006, both public companies. In addition, from 2004 until 2005, Mr. Rector was the President and Chief Executive Officer of Nanoscience Technologies, Inc., a development stage company engaged in the development of DNA nanotechnology, and from 2005 until 2006, Mr. Rector served as its Chief Operating Officer. From 1983 until 1985, Mr. Rector served as President and General Manager of Sunset Designs, Inc., a domestic and international manufacturer and marketer of consumer products, and a wholly-owned subsidiary of Reckitt & Coleman N.A. From 1980 until 1983, Mr. Rector served in Marketing and International positions with that company. From 1972 until 1980, Mr. Rector served in various roles in both the financial and product marketing departments of Crown Zellerbach Corporation, a multi-billion dollar Fortune 100 company in the pulp and paper industry. Mr. Rector also serves as a director of Dallas Gold & Silver Exchange, Inc. (DGSE), RxElite, Inc. (REXI) and Senesco Technologies, Inc. (SNT). Mr. Rector received a Bachelor of Science degree in business/finance from Murray State University.
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.
| | Federal Sports & Entertainment, Inc. |
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Date: October 3, 2008 | By: | /s/ David Rector |
| | | David Rector, Director |
