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
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| Date of Report (Date of Earliest Event Reported): | | April 21, 2008 |
X-Change Corporation
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(Exact name of registrant as specified in its charter)
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| Nevada | 002-41703 | 900156146 |
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(State or other jurisdiction | _____________
(Commission | ______________
(I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
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| 710 Century Parkway, Allen, Texas | | 75013 |
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(Address of principal executive offices) | | ___________
(Zip Code) |
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| Registrant’s telephone number, including area code: | | 972-747-0051 x113 |
Not Applicable
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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:
[ ] 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 Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 21, 2008, The Board of Directors of The X-Change Corporation appointed Mr. James F. Farr as a Director of the Company effective immediately.
Mr. Farr is a seasoned oil and gas services executive with over thirty two years in the industry in which he spent a large portion working at the executive and board level in both private and publicly traded companies. Mr. Farr spent eight years as CEO of Dailey International where he successfully completed an IPO to facilitate the company’s growth. Mr. Farr has extensive experience introducing new products to the oil and gas industry, specifically in the area of down hole tools and drill string components, and in managing new product growth and distribution.
At the same time, the Company announced the resignation of Mr. H. David Friedman as a Director of the Company. Mr. Friedman has served the Company well over the past year and is moving on to pursue other interests.
Item 7.01 Regulation FD Disclosure.
A copy of the press release announcing the appointment of James F. Farr as Director and the resignation of Mr. H. David Friedman as Director is attached as Exhibit 99.1 and is hereby incorporated by reference to this Item 7.01.
The information in the press release is being furnished pursuant to Item 7.01 of Form 8-K. In accordance with General Instruction B.2 of Form 8-K, the information in the press release shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1934, as amended.
Item 9.01 Financial Statements and Exhibits.
99.1 Press release announcing appointment of James F. Farr as Director and resignation of Mr. H. David Friedman as Director.
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.
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| | | X-Change Corporation |
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| April 21, 2008 | | By: | | /s/ George DeCourcy
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| | | | | Name: George DeCourcy |
| | | | | Title: Chief Financial Officer |
Exhibit Index
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| Exhibit No. | | Description |
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99.1 | | Press Release |
