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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): May 11, 2007
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THE X-CHANGE CORPORATION
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(Exact name of registrant as specified in its charter)
NEVADA 002-41703 90-0156146
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
710 Century Parkway, Allen, Texas 75013
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (972) 747-0051
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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))
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ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF PRINCIPAL OFFICERS.
On May 11, 2007, The Board of Directors of The X-Change Corporation
appointed Kathleen Hanafan as Chief Operating Officer and as Director of the
Company effective immediately. Ms. Hanafan was serving as Chief Operating
Officer of X-Change's wholly owned subsidiary, AirGATE Technologies, Inc., since
December 31, 2006.
Kathleen Hanafan, AirGATE's Chief Operating Officer, has 20 years of
executive experience driving revenues for both major corporations and highly
successful niche-focused companies. From 2003 to 2006 Ms. Hanafan served as
Co-founder, President and CEO of Onit Communications, a telecommunications
company. In 2002, Ms. Hanafan served as Senior Vice President of Worldwide Sales
and Marketing for the VCampus Corporation, a company in the E-learning solutions
industry. From 2001 to 2002, she served as Vice President of Sales and
Operations of Primedia Workplace Learning, a media and learning company. Ms.
Hanafan's other prior positions included Vice President for Archstone
Communities, Inc., a national REIT and Director of Telecommunications, Inc. She
currently sits on the board of Onit Communications Inc. and other boards in
various industries. Ms. Hanafan is also an advisory board member to an
investment banking firm and a board member for a non-profit organization in
preventive care for urban areas.
A copy of the press release is filed herewith as Exhibit 99.1
ITEM 7.01. REGULATION FD DISCLOSURE.
A copy of the press release announcing the appointment to Chief Operating
Officer and 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.
Exhibit No.
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99.1 Press Release, dated May 14, 2007, announcing the appointment of Kathleen
Hanafan to Chief Operating Officer and Director of X-Change Corporation
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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.
Dated: May 17, 2007
THE X-CHANGE CORPORATION
By: /s/ Michael L. Sheriff
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Michael L. Sheriff
President and Chief Executive Officer