SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 27, 2021 (May 21, 2021)
SINO-GLOBAL SHIPPING AMERICA, LTD.
(Exact name of Registrant as specified in charter)
|(State or other jurisdiction of Incorporation)||(Commission File No.)||(IRS Employer Identification No.)|
1044 Northern Boulevard, Suite 305
Roslyn, New York 11576-1514
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (718) 888-1814
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))|
Securities registered pursuant to Section 12(b) of the Act:
|Title of each class||Trading Symbol(s)||Name of each exchange on which|
|Common Stock, no par value||SINO||NASDAQ Capital Market|
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 5.02||Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.|
(e) On May 25, 2021, the Compensation Committee (the “Committee”) of Sino-Global Shipping America, Ltd. (the “Registrant”) reviewed the efforts on behalf of the company, unused paid time off and unreimbursed expenses incurred by the Chief Executive Officer Lei Cao, Chief Financial Officer Tuo Pan and Vice President – Operations and former Chief Operating Officer Zhikang Huang over the prior three years. Based on its review, the Committee unanimously agreed to make a one-time cash bonus to such individuals. The approval of the grant of cash bonus was unanimously ratified by all members of the Company’s Board of Directors, with Mr. Cao and Mr. Huang abstaining from participation. Mr. Cao will receive $300,000. Ms. Pan will receive $100,000. Mr. Huang will receive $50,000. All bonuses will be paid in cash.
|Item 8.01.||Other Events.|
On May 21, 2021, the Company appointed Siyu Chen Secretary of the Board.
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.
Date: May 27, 2021
|SINO-GLOBAL SHIPPING AMERICA, LTD.|
|By:||/s/ Lei Cao|
|Title:||Chief Executive Officer|