Post by Zoinkers on Aug 25, 2006 18:09:53 GMT -5
Form 8-K for EL CAPITAN PRECIOUS METALS INC
--------------------------------------------------------------------------------
18-Aug-2006
Change in Directors or Principal Officers, Financial Statements an
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
On August 15, 2006, El Capitan Precious Metals, Inc. (the "Company") received a letter from Gordon Ellis dated August 5, 2006 notifying the Company of his resignation from the Board of Directors of the Company effective immediately. On August 17, 2006, the Company received a subsequent letter from Mr. Ellis dated August 16, 2006 citing the reason for his resignation as the need to focus his attention on his positions as Chairman and President of International Absorbents, Inc. (AMEX: IAX). At the time of his resignation, Mr. Ellis served as the Chairman of the Compensation Committee of the Board of Directors.
On or prior to the filing of this Current Report on Form 8-K, the Company has provided Mr. Ellis a copy of the disclosures set forth herein and the opportunity to furnish the Company with a letter indicating any disagreement to the Company's disclosure.
The Company intends to conduct a search for a director candidate with significant industry experience to serve as a member of the Board of Directors.
Mr. Ellis' letters dated August 5, 2006 and August 16, 2006 are filed herewith as Exhibits 99.1 and 99.2, respectively.
Item 9.01. Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibits.
99.1 Letter from Gordon Ellis dated August 5, 2006.
99.2 Letter from Gordon Ellis dated August 16, 2006.
--------------------------------------------------------------------------------
18-Aug-2006
Change in Directors or Principal Officers, Financial Statements an
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
On August 15, 2006, El Capitan Precious Metals, Inc. (the "Company") received a letter from Gordon Ellis dated August 5, 2006 notifying the Company of his resignation from the Board of Directors of the Company effective immediately. On August 17, 2006, the Company received a subsequent letter from Mr. Ellis dated August 16, 2006 citing the reason for his resignation as the need to focus his attention on his positions as Chairman and President of International Absorbents, Inc. (AMEX: IAX). At the time of his resignation, Mr. Ellis served as the Chairman of the Compensation Committee of the Board of Directors.
On or prior to the filing of this Current Report on Form 8-K, the Company has provided Mr. Ellis a copy of the disclosures set forth herein and the opportunity to furnish the Company with a letter indicating any disagreement to the Company's disclosure.
The Company intends to conduct a search for a director candidate with significant industry experience to serve as a member of the Board of Directors.
Mr. Ellis' letters dated August 5, 2006 and August 16, 2006 are filed herewith as Exhibits 99.1 and 99.2, respectively.
Item 9.01. Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibits.
99.1 Letter from Gordon Ellis dated August 5, 2006.
99.2 Letter from Gordon Ellis dated August 16, 2006.