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 20, 2009 (October
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11, 2009)
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LEO MOTORS, INC.
(Exact name of registrant as specified in its charter)
Delaware 95-3909667
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(State or other jurisdiction of (I. R. S. Employer Identification No.)
incorporation or organization)
291-1, Hasangok-dong, Hanam City, Gyeonggi-do, Republic of Korea 465-250
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code +82 31 796 8805
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n/a
(Former name, former address and former fiscal year, 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))
ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
On October 11, 2009, Chul Ho Kim resigned as a director of Leo Motors, Inc. (the
"Company"), and Dr. Young Il Kim was elected as a director of the Company.
Dr. Kim began his career in the auto industry in 1988, at Panther Sports Car as
Senior Designer and Manager. He later served as Chief Designer of commercial
vehicles and concept vehicles at SSang-Yong Motor Company before joining the
Hyundai Motor Group in 1995.
From 1995 through 2007, Dr. Kim held various positions of increasing
responsibility under the Hyundai and Kia Motors Group umbrella, including Chief
Designer at Hyundai Precision through March 2005, Chief Designer and Senior Vice
President at Hyundai and Kia Marketing Division from March 2005 to September
2006, and Executive Vice President in the Marketing Division in charge of Brand
and Design Differentiation between Hyundai and Kia Motors from September 2006 to
February 2007. From then until March 2009 he was CEO and President of Innocean
Worldwide, a Marketing and Advertising Company of the Hyundai and Kia Group.
Dr. Kim, who holds an Industrial Designer of Product Design degree from
Wuppertal University, Germany, and a PhD in Design from Kook-Min University,
Seoul, Korea, has enjoyed a distinguished academic career as well, having
lectured at various colleges and universities on the subjects of design and
marketing since 2000. Dr. Kim was a visiting professor at Gothenburg University,
Sweden during the 2004/05 academic year, and is currently serving as a visiting
professor at Kyung-hee University, where he began in August 2009.
The Company has issued Dr. Kim 300,000 shares of the Company's common stock in
compensation for his signing and first year of service as a Director. He is not
an employee of the Company, and is an independent director as defined by by the
New York Stock Exchange.
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.
LEO MOTORS, INC.
(Registrant)
Dated: October 20, 2009 By: \s\ Robert Kang
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Robert Kang
Chief Executive Officer