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): July 16, 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 File (I.R.S. Employer
of incorporation) 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))
ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF PRINCIPAL OFFICERS.
On July 16, 2007, The Board of Directors of The X-Change Corporation
appointed George DeCourcy as Chief Financial Officer of the Company.
Mr. DeCourcy has over 30 years financial management experience in high tech and
other business sectors. Since 2002, he has served as president of Dallas-based
Carriage Financial, where he spearheaded financings for several major public
real estate enterprises, structured various commercial mixed-use deals, and
assembled public structure and property portfolio financings for numerous
clients.
From 1995 through 2001, Mr. DeCourcy was co-founder, president and CFO of Anacom
Communications, Inc., one of the first Internet-based companies processing
credit card transactions for merchants. Prior to this, he served as executive
vice president and CFO at Senior Living Properties, where he designed publicly
traded real estate investment trusts for the senior housing industry. Earlier,
he was executive vice president and CFO at Triland International Inc., where he
structured, negotiated and drafted over 100 joint venture transactions with
private/institutional investors.
He started his career as a tax manager with Arthur Andersen & Company, where he
serviced clients in the manufacturing, investment and banking industries.
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 of Chief Financial
Officer 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 July 16, 2007, announcing the appointment of
George DeCourcy to Chief Financial Officer
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: July 16, 2007
THE X-CHANGE CORPORATION
By: /s/ Michael L. Sheriff
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Michael L. Sheriff
President and Chief Executive Officer