UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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)
March 27, 2012
EVCARCO, INC.
(Exact Name of Registrant as Specified in Its Charter)
NEVADA
(State or Other Jurisdiction of Incorporation)
| 333-158293 | 26-3526039 |
| (Commission File Number) | (IRS Employer Identification No.) |
| 7703 Sand St Fort Worth, TX | 76118 |
| (Address of Principal Executive Offices) | (Zip Code) |
817-595-0710
(Registrant's Telephone Number, Including Area Code)
N/A
(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):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o 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 CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENT OF CERTAIN OFFICERS.
On March 27, 2012, Edouard Prous resigned from the Board of Directors of EVCARCO, Inc. and his position of Chief Technical Officer.
Compensation accrued to Mr. Prous during his employment, in the amount of $455,000, will remain in place, and continue to accrue interest of 5% per year, according to the original agreement.
Mr. Prous has agreed to exchange with the remaining founder of the Company, his 500,000 shares of the Company’s Class B Convertible Preferred Stock for the equivalent number of shares of common stock.
ITEM 9.01 FINANCIAL STATEMETS AND EXHIBITS
Exhibit 17.1 Consent of Mr. Edouard Prous
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | EVCARCO, INC. | |
| | | | |
| Date: March 29, 2012 | By: | /s/ Nikolay Frolov | |
| | | Name: Nikolay Frolov | |
| | | Title: CFO | |
| | | | |
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