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) March 21, 2006
Commission File Number 0-33215
CASPIAN SERVICES, INC.
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(Exact Name of Registrant as Specified in its Charter)
NEVADA 87-0617371
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
257 East 200 South, Suite 340,Salt Lake City, Utah
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(Address of principal executive offices)
84101
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(Zip Code)
(801) 746-3700
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(Registrant's Executive Office Telephone Number)
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
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act
Item 5.02 Appointment of New Chief Operating Officer
On March 21, 2006 Mr. Paul Roberts resigned his position as Chief
Operating Officer of Caspian Services, Inc., (the "Company"). Mr. Roberts'
resignation was not the result of any disagreement with the Company on any
matter relating to our operations, policies or practices. Mr. Roberts will
continue to serve on the Company's board of directors.
On March 21, 2006 the board of directors appointed Mr. Jonn Scott as
the Company's new Chief Operating Officer. Following is a brief description of
the business background of Mr. Scott:
Prior to joining the Company, Mr. Scott had been employed with
WesternGeco, a subsidiary of Schlumberger Ltd., since 2000. From 2000-2003 he
served as the Operations Manager for WesternGeco in Kazakhstan, where he oversaw
operations in Kazakhstan, Turkmenistan and Azerbijan. From 2003 to 2005 he
served as the WesternGeco Marine Business Development Manager for the Greater
Caspian Region. From 2005-2006 Mr. Scott was Marine Business Development Manager
for WesternGeco for the Middle East and North Africa. Mr. Scott graduated from
the University of East London with a Bachelor of Science degree in Surveying and
Mapping Services in 1992. Mr. Scott is 38 years old. Mr. Scott is not a director
of any SEC reporting company.
The board of directors has also appointed Mr. Terrance J. Powell to
serve as the Vice President, Investor Relations for the Company. Following is a
brief description of the business background of Mr. Powell:
Mr. Powell served as the Director of Government and Public Relations
for PetroKazakhstan, Inc., in Almaty Kazakhstan from 2002 through 2005. In this
position, Mr. Powell was responsible for all media, advertising, trade shows and
public relations. Mr. Powell was also directly responsible for all interaction
with regional governmental administrators. From July 1997 to October 2002 Mr.
Powell served at the Director of Marketing, Caspian Region, for Pricewaterhouse
Coopers in Almaty, Kazakhstan. In that position, Mr. Powell was responsible for
the firm's marketing and client relations in Kazakhstan, Krygzstan, Uzbekistan,
Turkmenistan, Azerbijan and Georgia. Mr. Powell earned a Bachelors of Art degree
in History from Trent University, Petersborough, Ontario in 1985. Mr. Powell is
42 year old. Mr. Powell is not a director of any SEC reporting company.
There are no family relationships among any of the Company's officers
or directors.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Current Report on Form 8-K to be signed on
its behalf by the undersigned hereunto duly authorized.
CASPIAN SERVICES, INC.
Date: March 27, 2006 By: /s/ Laird Garrard
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Laird Garrard, President
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