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)April 8, 2010
BLUE SPHERE CORP.
(Exact name of registrant as specified in its charter)
| Nevada | 333-147716 | 98-0550257 |
| (State or other jurisdiction | (Commission | (IRS Employer |
| of incorporation) | File Number) | Identification No.) |
35 Asuta St., P.O.B 857, Even Yehuda, Israel 40500
(Address of principal executive offices and Zip Code)
Registrant's telephone number, including area code972-9-8917438
409 – 4th Floor, Tsui King House, Choi Lung Estate, Kowloon, Hong Kong
(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))
- 2 -
Item 1.01 Entry into a Material Definitive Agreement
The information required by this Item 1.01 is included under Item 5.02 of this current report on Form 8-K.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On April 8, 2010 we signed a Services Agreement with Alex Werber and appointed him as our Chief Financial Officer.
Mr. Werber (age 54) is a Certified Public Accountant with over 20 years of financial management experience in privately held and publicly traded companies. Mr. Werber has served as controller and chief financial officer for several public companies since 1983. During the past decade he specialized in the hi-tech sector, serving in managerial positions including controller, VP Finance and chief financial officer. Mr. Werber is a Certified Public Accountant and received his Bachelor of Arts in Economics and Accountancy from Tel Aviv University and did his post graduate study in Accounting at Tel Aviv University.
There are no family relationships between Alex Werber and our company.
There has been no transaction, in which we were or are to be a participant and the amount involved exceeds the lesser of $120,000 or 1% of the average of our total assets at year end for the last two completed fiscal years, and in which Alex Werber had or will have a director or indirect material interest.
| | (i) | any director or executive officer of our company; |
| | | |
| | (ii) | any beneficial owner of shares carrying more than 5% of the voting rights attached to our outstanding shares of common stock; and |
| | | |
| | (iii) | any member of the immediate family (including spouse, parents, children, siblings and in-laws) of any of the foregoing persons. |
Item 9.01 Financial Statements and Exhibits.
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.
BLUE SPHERE CORP.
| Per: | |
| /s/ Shlomo Palas | |
| Shlomo Palas | |
| Chief Executive Officer | |
| Date: April 14, 2010 | |
