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): April 18, 2007
Apollo Resources International, Inc.
(Exact Name of Registrant as Specified in Its Charter)
Utah
(State or Other Jurisdiction of Incorporation)
| |
|
|
000-25873
(Commission File Number)
|
|
84-1431425
(I.R.S. Employer Identification No.) |
| |
|
|
| 3001 Knox Street, Suite 403 |
|
|
| Dallas, Texas
|
|
75205 |
| (Address of Principal Executive Offices)
|
|
(Zip Code) |
(214) 389-9800
(Registrant’s Telephone Number, Including Area Code)
N/A
(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:
| o |
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| |
| o |
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| |
| o |
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| |
| o |
|
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 Principal Officers; Election of Directors; Appointment of Principal Officers.
(a) On April 18, 2007, J. Mark Ariail submitted to the Board of Directors (the
“Board”) of Apollo Resources International, Inc. (the “Company”) his
resignation as Chief Financial Officer and as a member of the Board of
Directors. The Board has accepted Mr. Ariail’s resignation as Chief Financial
Officer and Director.
In his letter of resignation, Mr. Ariail complains of his inability as Chief
Financial Officer to implement necessary reforms in connection with internal
controls, fiscal responsibility and basic corporate governance, among other
things. A copy of Mr. Ariail’s resignation letter is attached hereto as
Exhibit 10.1. References to information provided to the board by the Company’s
attorneys and references to other confidential information have been redacted.
In response to Mr. Ariail’s allegations, the Company denies the substance of
Mr. Ariail’s complaints, noting that such areas were under the control of, and
the responsibility of Mr. Ariail, including the timely filing of periodic
reports. At no time prior to delivery of his resignation letter did Mr. Ariail
materially inform the Board of his concerns.
Mr. Ariails’ departure as Chief Financial Officer delays the Company’s ability
to timely file a form 10-K. The Company’s intends to file the 10-K after the
new Chief Financial Officer has had a reasonable opportunity to review the
Company’s financial condition.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| |
|
|
| EXIHIBIT |
|
|
| NUMBER |
|
DESCRIPTION |
10.1
|
|
Letter of Resignation dated April 18, 2007 |