SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of
1934
Date of Report November 6, 2006
TONGA CAPITAL CORPORATION
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(Exact name of registrant as specified in its chapter)
COLORADO 33-13791-D 84-1069035
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
of incorporation)
3027 Marina Bay Dr., Suite 105, League City, TX 77573
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(Address of principal executive offices) (Postal Code)
Registrant's telephone number, including area code (281) 334-5161
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ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS: ELECTION OF DIRECTORS:
APPOINTMENT OF PRINCIPAL OFFICERS.
The Company has appointed Robert E. Degeyter, CPA as Chief Financial Officer,
John Buhman, CPA, as Chief Accounting Officer. Biological information is as
follows:
ROBERT E. DEGEYTER
Mr. Degeyter serves as Chief Financial Officer, Senior Vice President, Treasurer
and Secretary and is responsible for directing the organization's financial
planning and accounting practices and managing relationships with lending
institutions, investors, and the financial community.
He has thirty-five years of practical business experience with public and
private companies of all sizes in a variety of industries. Mr. Degeyter's
industry experience includes manufacturing, services, distribution, regulated
water utilities and IT consulting & staffing. Mr. Degeyter has also served as a
partner of Tatum CFO Partners, LLP. Prior to joining Tatum CFO, he was Sr. Vice
President, CFO for SIG, Inc., an IT consulting and staffing firm. In addition to
all financial reporting and treasury functions, he was a key member of the
acquisition team for target evaluation and negotiation and mezzanine finance
negotiation.
For twenty years Mr. Degeyter owned and managed Degeyter & Associates, CPAs, a
full service accounting, auditing, tax and consulting practice. He provided
clients services in acquisition negotiation and consultation, loan search,
computer systems design and implementation, human resource consultation and
benefit plan administration. He also represented investor owned water utilities
with rate increase applications before State regulatory agencies. His firm
prepared the rate change applications and he was expert witness in full
evidentiary hearings.
Prior to Degeyter & Associates, he was Vice President, Treasurer of The Rein
Company, a manufacturer of business forms. Before the Rein Company, he was
controller of Dixie Carriers, Inc., a barge transportation company and before
that he was controller for C.A. Russell, Inc., a steel tubing distributor.
After graduation from college Mr. Degeyter was on the audit staff of Ernst &
Young for two years. Mr. Degeyter holds a BBA in Accounting from Lamar
University. He is member of the Texas Society of CPAs and the American Institute
of CPAs. He is a Certified Financial Planner and holds a NASD Series 7
securities license.
JOHN BUHMAN - Chief Accounting Officer
Mr. Buhman began his accounting career with Arthur Anderson & Co. in Houston. In
the private sector, he served as controller, or assistant controller, with
several companies in the energy industry and was involved with the various SEC
filings of those companies. Most recently, he was responsible for developing
internal controls to comply with the provisions of section 404 of the
Sarbanes-Oxley Act for one of these companies.
SECTION 8
ITEM 8.01 OTHER EVENTS
The Company issued a News Release dated: November 2, 2006
The News release is attached hereto as Exhibit 99
SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
Exibit 99 - News Release
SIGNATURES
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 hereunto duly authorized.
TONGA CAPITAL CORP.
(Registrant)
By: /s/ Charles T. Phillip
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Date: November 6, 2006 Charles T. Phillips
President & Director