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): October 21, 2008
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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 CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On October 21, 2008, the board of directors (the "BOARD") of The X-Change
Corporation (the "COMPANY") received and accepted the resignation of its Chief
Financial Officer, Mr. George DeCourcy. Mr. DeCourcy also resigned from the
Board as well as from any and all positions with the Company's wholly owned
subsidiary AirGATE Technologies, Inc. ("AIRGATE"), including as Chief Financial
Officer and member of its board of directors. Mr. DeCourcy cited personal
reasons for tendering his resignation, and cited no disagreement with the
Company on any matters relating to the Company's operations, policies or
practices.
Subsequent to Mr. DeCourcy's resignation, The Board has appointed Wm Chris
Mathers as the Company's Principal Financial Officer for both the Company and
AirGATE. Since 1994, Mr. Mathers has served as Chief Financial Officer for a
variety of public and privately held companies. Mr. Mathers is a 1981 graduate
of Southwestern University in Georgetown, Texas and is a Certified Public
Accountant. He began his career in the audit department of the accounting firm
of Price Waterhouse.
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: October 24, 2008
THE X-CHANGE CORPORATION
By: /s/ Kathleen Hanafan
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Kathleen Hanafan
President and Chief Executive Officer