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: December 20, 2011
GULFSTAR ENERGY CORPORATION
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(Exact name of registrant as specified in its charter)
Colorado 333-151398 02-0511381
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(State or other jurisdiction of (Commission File (IRS Employer Identification
incorporation) Number) Number)
600 17th Street, Suite 2800, Denver, CO 80202
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(Address of Principal Executive Offices) (Zip Code)
(303) 260-6492
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Registrant's telephone number, including area code
(Former name or former address, if changed since last report)
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 (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)
SECTION 5 - CORPORATE GOVERNANCE AND MANAGEMENT
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
Resignation of Chief Executive Officer and Director
Effective December 20, 2011, Mr. Robert McCann, the Chief Executive Officer of
GulfStar Energy Corporation ("the Company") was terminated from such position by
a majority vote of the Company's Board of Directors.
Appointment of Chief Executive Officer
Effective December 20, 2011, Mr. Donald L. Walford was appointed the acting
Chief Executive Officer of the Company by the Board of Directors.
Mr. Walford, age 65, has served as a Vice President of the Company since January
of 2011. Mr. Walford has served as a Director and Broker from 1990 to date of
Colorado Landmark Reality. He has served as the Chairman and Vice President of
Eveia Medical from 2007 through 2010. In addition, he has served as the Managing
Director of Institutional Sales, from January 2011 to date of Safe Harbor Equity
Advisors.
Mr. Walford has been licensed as a principal, NASD Series 7, commodities broker
and all other principal securities licenses including an Allied Member of the
New York Stock Exchange, from 1967 through 1992.
Mr. Walford career has included consulting work for the Securities and Exchange
Commission, the United States Attorney and with three Federal Court
jurisdictions as an expert in securities matters. Mr. Walford has had a diverse
experience in corporate operations in industries such as agri-business, medical
equipment, electronics, engineering, consumer manufacturing, construction and
development, and oil and gas.
Mr. Walford received his B.A. Liberal Arts with a concentration in Fine Arts in
1967 from Harpur College, State University of New York (kna Binghamton
University.)
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.
GULFSTAR ENERGY CORPORATION
By:/s/Donald Wafford
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Donald Wafford, Actin Chief Financial Officer
Date: December 22, 2011