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 13, 2011
NETWORKING PARTNERS, INC.
(Exact name of registrant as specified in its charter)
Nevada 0-54418 45-0921541
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification Number)
857 Sarno Road, Melbourne, Florida 32935
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (321) 984-8858
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 communication pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communication pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.133-4(c))
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENT OF
CERTAIN OFFICERS.
Effective October 13, 2011, Pino Baldassarre resigned from his positions as
President, Chief Executive Officer and a Director of Networking Partners, Inc.
("Company") to pursue another business opportunity in the United Kingdom. In his
letter of resignation, Mr. Baldassarre said "I would like to request that the
Board kindly accepts my resignation as director and CEO of Networking Partners
Inc, effective immediately, as I wish to pursue a position as CEO of a United
Kingdom based Plc company which means I will be required to relocate to London
(UK)." Our Board of Directors appointed Sara B. Stockdale as the Company's
President and as a member of our Board of Directors.
SARA B. STOCKDALE, PRESIDENT AND DIRECTOR
Sara B. Stockdale has 20 years experience in the financial services
industry, specifically insurance and investment brokerage. She served in a
management capacity for the majority of that time and has strong administrative,
communicative and organizational skills with aptitude for customer service and
negotiation. Ms. Stockdale has held the position of CEO and director of Anne's
Diary Inc, a company that creates, develops and maintains social networking
websites, since the company's inception in 2006. Ms. Stockdale held the
positions of stockbroker, branch manager, and President of Texas Securities,
Inc. during her tenure there between 1981 and 1993. She managed a portfolio of
institutional clients and was responsible for all compliance, including that
with regulatory bodies, and she was responsible for public company financial
reporting requirements, annual reports, press releases and compilation of
reports to the Board.
Effective December 8, 2011, Enzo Taddei resigned from his positions as
Chief Executive Officer and a Director of the Company. In his letter of
resignation, Mr. Taddei said "I truly regret to inform the Board that due to
personal circumstances beyond my control, I am forced to resign, with immediate
effect, as director and CFO of Networking Partners Inc. and its solely owned
subsidiary Networking Partners Canada Inc. Finally, I would like to wish the
Company a fruitful and prosperous future."
Effective December 8, 2011, David Bradley-Ward resigned from his positions
as Chief Operating Officer and a Director of the Company. In his letter of
resignation, Mr. Bradley-Ward said: "I regret to inform the board that due to
personal circumstances I will no longer be able to serve as a director of the
board of Networking Partners Inc and as such tender my resignation with
immediate effect. I am happy to maintain the web site and consult on the matters
involving the social network, if required, but not having day to day information
on the financials of the business or any executive decisions regarding structure
of the company I feel that it is best that I stand down from an executive post."
Our Board of Directors has made no decisions as to possible successors to
Mr. Taddei and Mr. Bradley-Ward and will conduct an immediate search for
qualified candidates to fill those positions. Our Board of Directors has made no
decision regarding the compensation of Ms. Stockdale as our President and
Director.
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ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
List of exhibits attached or incorporated by reference pursuant to Item 601
of Regulation S-K:
Exhibit No. Description of Exhibit
----------- ----------------------
17.1 Letter of resignation from Pino Baldassarre
17.2 Letter of resignation from Enzo Taddei
17.3 Letter of resignation from David Bradley-Ward
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
DATED: December 12, 2011
NETWORKING PARTNERS, INC.
By: /s/ Sara B. Stockdale
---------------------------------
Sara B. Stockdale
President
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EXHIBIT INDEX
Exhibit No. Description of Exhibit
----------- ----------------------
17.1 Letter of resignation from Pino Baldassarre
17.2 Letter of resignation from Enzo Taddei
17.3 Letter of resignation from David Bradley-Ward