Summit Networks Inc. Announces Board and Officer Changes
Ticker: SNTW · Form: 8-K · Filed: Oct 16, 2024 · CIK: 1619096
| Field | Detail |
|---|---|
| Company | Summit Networks Inc. (SNTW) |
| Form Type | 8-K |
| Filed Date | Oct 16, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-appointment, director-departure
TL;DR
Summit Networks Inc. reshuffled its board and officers on Oct 11.
AI Summary
Summit Networks Inc. announced on October 11, 2024, changes in its board and officer appointments. The company filed a Form 8-K detailing the departure of directors, election of new directors, and the appointment of certain officers, along with information on compensatory arrangements for these officers.
Why It Matters
Changes in board composition and officer appointments can signal shifts in company strategy, leadership, and operational focus.
Risk Assessment
Risk Level: low — This filing reports routine corporate governance changes and does not indicate immediate financial distress or significant operational shifts.
Key Players & Entities
- Summit Networks Inc. (company) — Registrant
- October 11, 2024 (date) — Date of Earliest Event Reported
- Nevada (jurisdiction) — State of incorporation
- 3010-8888 Odlin Cresent, Richmond, BC Canada V6X 3Z8 (address) — Principal executive offices
- +1-604-232-3968 (phone_number) — Registrant's telephone number
FAQ
What specific roles were affected by the officer appointments?
The filing indicates the appointment of certain officers and details their compensatory arrangements, but does not specify the exact roles in this excerpt.
Were there any specific reasons cited for the departure of directors?
The filing mentions the departure of directors but does not provide specific reasons for their departure in the provided text.
What is the primary business of Summit Networks Inc.?
Summit Networks Inc. is classified under REFUSE SYSTEMS [4953] according to its SIC code.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on October 11, 2024.
What is the company's state of incorporation and fiscal year end?
Summit Networks Inc. is incorporated in Nevada and its fiscal year ends on December 31.
Filing Stats: 836 words · 3 min read · ~3 pages · Grade level 9.8 · Accepted 2024-10-16 12:33:12
Filing Documents
- sntw1016248k.htm (8-K) — 23KB
- 0001091818-24-000124.txt ( ) — 194KB
- sntw-20241011.xsd (EX-101.SCH) — 3KB
- sntw-20241011_lab.xml (EX-101.LAB) — 33KB
- sntw-20241011_pre.xml (EX-101.PRE) — 24KB
- sntw1016248k_htm.xml (XML) — 3KB
02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION
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 October 10, 2024, the Board of Directors ("the Board") accepted the resignation from Mr. Stephen Kok Koon Tan as the Company's Chief Executive Officer and a director of the Company, as previously submitted on October 8, 2024. Election of Directors and Appointment Of Certain Officers On October 11, 2024, the board of directors (the "Board") appointed Ms. Chao Long (Charlene) Huang ("Ms. Huang") as the new Chief Executive Officer. Ms. Huang will hold this position for a period of two (2) years or until she earlier resigns or is removed from office. The board of directors also appointed Mr. Xuezhi Ma ("Mr. Ma") as the new Chief Financial Officer. Mr. Ma will hold this position for a period of two (2) years or until he earlier resigns or is removed from office. Chao Long (Charlene) Huang - Age 72 Ms. Huang graduated from Huangshan Forestry College in Anhui, China with a degree in Forestry in 1975 and from Nanjing Normal University in Nanjing, China with a degree in Chinese Language and Literature in 1991. From 1975 to 1980, Ms. Huang worked as Forestry Technical Engineer for the Qingyang Forestry Bureau in Anhui, China. From 1980 to 1993, Ms. Huang worked for Meishan Metallurgical Newspaper Company. From 1993 to 2017, Ms. Huang worked as the Chief Executive Officer for various companies, including Shanghai Timeless International Transportation Co., Ltd., Hongkong Magic Dragon Shipping & Enterprises, Co., Ltd. and Shanghai Starlink Transportation and Forwarding Co. Ltd. From 2019 to 2021, Ms. Huang has previously served as the Chief Financial Officer for the Company. Xuezhi (George) Ma – Age 56 Mr. Ma graduated from Langara College in Vancouver, British Columbia, Canada with a degree in International Business in May 2000. Mr. Ma also attended the Canadian Secu
01 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits. None.
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. By: /s/Xian Nan Zheng Date: October 15, 2024 Xian Nan Zheng Secretary/Director -2-