SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OF 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED):
NOVEMBER 6, 2003
SURETY HOLDINGS CORP.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 000-32311 52-2229054
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(STATE OR OTHER (COMMISSION (IRS EMPLOYER
JURISDICTION OF FILE NO.) ID NO.)
INCORPORATION)
4400 ROUTE 9 SOUTH
FREEHOLD, NEW JERSEY 07728
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ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: 732-409-0113
ITEM 5.
On October 28, 2003, Yoshihiro Kamon, a member of the Board of Directors and
President of the Company resigned, and on November 3, 2003, Howard R. Knapp
resigned as Chief Financial Officer.
On November 3, 2003, the board elected Jack Fang as a member of the Board of
Directors and Chairman of the Board.
Jack Fang, 31 years old will serve as a director and Chairman of the Board of
Surety Holdings Corp. After graduating from high school, Mr. Fang began
providing consulting services. From 1994 to 1998, Mr. Fang was a consultant to
IPI which was engaged in the business of providing financial consulting services
to other entities. Mr. Fang was responsible for business development in Asia.
Since 1998, Mr. Fang provided consulting services to Surety in connection with
business opportunities.
On November 4, 2003, the Board elevated Howard R. Knapp to fill the position of
President of the Company. Previously, Mr. Knapp had served as Chief Financial
Officer, a position from which he resigned to accept the position of President.
Mr. Knapp remains as a member of the Board of directors.
On November 4, 2003, members of the Board of Directors elected Linda O'Donnell
as Chief Financial Officer of the Company to fill the position vacated by Howard
R. Knapp.
Ms. O'Donnell received a Bachelor of Science in Accounting in 1974 from Rider
University. She served as a staff accountant at a regional accounting firm from
1974 to 1987 and as a principal from 1987 to 2001. Ms. O'Donnell has been a
financial consultant since 2001. She is a member of the AICPA, and the New
Jersey and Florida Societies of Certified Public Accountants.
SIGNATURE
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 thereunto duly authorized.
SURETY HOLDINGS CORP.
By: /s/ LINDA O'DONNELL
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LINDA O'DONNELL
Chief Financial Officer
Dated: November 6, 2003