Summit Networks Inc. Files 8-K on Corporate Changes
Ticker: SNTW · Form: 8-K · Filed: Apr 10, 2024 · CIK: 1619096
| Field | Detail |
|---|---|
| Company | Summit Networks Inc. (SNTW) |
| Form Type | 8-K |
| Filed Date | Apr 10, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-changes, director-changes
TL;DR
Summit Networks Inc. is changing its board and officers, filing an 8-K today.
AI Summary
Summit Networks Inc. filed an 8-K on April 10, 2024, reporting on the departure of directors, election of new directors, appointment of officers, and compensatory arrangements. The filing also includes financial statements and exhibits. The company is incorporated in Nevada and its principal executive offices are located in Richmond, BC, Canada.
Why It Matters
This filing indicates significant changes in the company's leadership and governance structure, which could impact its strategic direction and operational execution.
Risk Assessment
Risk Level: medium — Changes in directors and officers, along with the filing of financial statements, can signal shifts in company strategy or financial health that warrant closer examination.
Key Numbers
- 20240410 — Report Date (The date of the earliest event reported in the 8-K filing.)
Key Players & Entities
- Summit Networks Inc. (company) — Registrant
- Nevada (jurisdiction) — State of incorporation
- Richmond, BC Canada (location) — Principal executive offices
FAQ
What specific corporate changes are detailed in the 8-K filing?
The filing details the departure of directors, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on April 10, 2024.
Where are Summit Networks Inc.'s principal executive offices located?
Summit Networks Inc.'s principal executive offices are located at 3010-8888 Odlin Cresent, Richmond, BC Canada V6X 3Z8.
What is the state of incorporation for Summit Networks Inc.?
Summit Networks Inc. is incorporated in Nevada.
What is the SIC code for Summit Networks Inc.?
The Standard Industrial Classification (SIC) code for Summit Networks Inc. is 4953 (REFUSE SYSTEMS).
Filing Stats: 719 words · 3 min read · ~2 pages · Grade level 10.9 · Accepted 2024-04-10 15:44:32
Filing Documents
- sntw0410248k.htm (8-K) — 23KB
- sntw8kex99_1.htm (EX-99.1) — 0KB
- ex991001.jpg (GRAPHIC) — 231KB
- 0001091818-24-000040.txt ( ) — 510KB
- sntw-20240410.xsd (EX-101.SCH) — 3KB
- sntw-20240410_lab.xml (EX-101.LAB) — 33KB
- sntw-20240410_pre.xml (EX-101.PRE) — 22KB
- sntw0410248k_htm.xml (XML) — 3KB
02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. Departure Of Director Or Certain Officer On April 10 2024, Ms. Shuhua Liu resigned as CEO of Summit Networks Inc. (the "Company"). Ms. Liu's decision to resign was not the result of any dispute or disagreements with the Company on any matter relating to the Company's operation, policies (including accounting or financial policies) or practices. Election of Directors and Appointment Of Certain Officers On April 10, 2024, the board of directors (the "Board") appointed the following individuals of the Company: Mr. Stephen Kok Koon Tan ("Mr. Tan") as the new CEO as well as a Director; and Xian Nan Zheng as Board Secretary ("Ms. Zheng") and she will remain as a Director. At this time, the Company and these individuals have not entered into any arrangement regarding the payment of compensation for acting as an officer or a director of the Company. Mr. Tan, Canadian, age 61, Owner of cabinet manufacturers, including St Mega Enterprise s Inc founded in 2017, and located in British Columbia, Canada. As the actual founder and controller of the companies, Mr. Tan is in charge of the design, manufacture and installation of wood products including cabinets, construction and renovation of houses. With more than 36 years of working experience of building houses and light commercial structures, Mr. Tan is open-minded and creative in expanding new business models. In 1988 he earned a bachelor's degree in Building Construction at the British Columbia Institute of Technology, located in located in Burnaby, British Columbia Canada. Ms. Zheng, Canadian, age 43, was employed from 2014 through 2018 as General Manager and Director for Shanghai Timeless International Transportation Co., Ltd. ("STIT") in Shanghai, China. STIT is engaged in international logistics, customs clearance and international trade business. Ms. Zheng sp
01 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits. Exhibit Description 99.1 Resignation letter from Shuhua Liu dated April 10, 2024
SIGNATURES
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 thereunto duly authorized. Summit Networks Inc. Date: April 10, 2024 By: /s/ Xian Nan Zheng Xian Nan Zheng Secretary/Director -2-