Item
5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
Section
(b)
Mr.
Andrew Chen resigned as the President of the Registrant on May 8,
2010.
Item
5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
Section
(b)
Ms.
Adelina Louie resigned as the Secretary and Treasurer of the Registrant on May
8, 2010.
Item
5.02 Departure of Directors or Certain Officers; Election of
Directors;
Appointment
of Certain Officers; Compensatory Arrangements of Certain Officers.
Section
(c)(1)
Mr. Jamie
Skinner was appointed President of the Registrant on May 8, 2010.
Section
(c)(2)
Mr.
Skinner is 49 years of age. Prior to his appointment as President,
Mr. Skinner had not held any other positions or offices with the
Registrant. No arrangements or understandings exist between Mr.
Skinner and the Registrant except the arrangements or understandings related to
Mr. Skinner as acting solely in the capacity of his office. No family
relationships exist between Mr. Skinner and any director, officer or any other
person nominated or chosen by the Registrant to become an officer.
Mr.
Skinner’s business experience during the past five years is as follows:
Director, Head of Client Services, Martin Currie Investment Management
Limited10/2004 – present; President, The China Fund, Inc.,
9/2009-present.
Mr.
Skinner has not engaged in any transactions or proposed transactions since the
beginning of the Registrant's last fiscal year in which the Registrant was or is
to be a participant and the amount involved exceeds $120,000, and in which any
related person had or will have a direct or indirect material
interest.
Section
(c)(3)
There is no material plan, contract or
arrangement (whether or not written) to which Mr. Skinner is a party or in which
he participates that is entered into or material amendment in connection with
his appointment as President or any grant or award to Mr. Skinner or
modification thereto, under any such plan, contract or arrangement in connection
with such appointment.
Item
5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
Section
(c)(1)
Mr.
Christopher Bentham Ruffle was appointed Vice President of the Registrant on May
8, 2010.
Section
(c)(2)
Mr. Ruffle is 52 years of
age. Prior to his appointment as Vice President, Mr.
Ruffle had not held any other positions or office with the
Registrant. No other arrangements or understandings with the officer
and the registrant exist except the arrangements or understandings related to
the officer acting solely in the capacity of his office. No family
relationships exist between Mr. Ruffle and any director, officer or any other
person nominated or chosen by the Registrant to become an officer.
Mr. Ruffle’s business experience during
the past five years is as follows: Director, MC China Limited, 5/2006 - present;
Director, Heartland Capital Management Limited , 5/2006 – present;
Director, Martin Currie Investment Management Limited, 04/1995 – 06/2006; Vice
President and Portfolio Manager of The China Fund, Inc., seconded from Heartland
Capital Management Limited to Martin Currie Investment Management Limited
and Martin Currie Inc., 03/2004 – present. Martin Currie Investment
Management Limited is a wholly owned subsidiary of Martin Currie
Limited. The Investment Advisor Martin Currie Inc is also a
wholly owned subsidiary of Martin Currie Limited. MC China
Limited is a joint venture owned 50% by Martin Currie Limited and 50% by
Heartland Capital Management Limited. Heartland
Capital Management Limited is owned by Christopher Ruffle and Shifeng
Ke.
Mr.
Ruffle has not engaged in any transactions since the beginning of the
Registrant's last fiscal year, or any currently proposed transaction, in which
the Registrant was or is to be a participant and the amount involved exceeds
$120,000, and in which he was a related person with a direct or indirect
material interest.
Section
(c)(3)
There is no material plan, contract or
arrangement (whether or not written) to which a Mr. Ruffle is a party or in
which he participates that is entered into or material amendment in connection
with the triggering event or any grant or award to Mr. Ruffle or modification
thereto, under any such plan, contract or arrangement in connection with any
such event.
Item
5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
Section
(c)(1)
Ms.
Cynthia Morse-Griffin was appointed Treasurer of the Registrant on May 8,
2010.
Section
(c)(2)
Ms. Morse-Griffin is 35 years of
age. Prior to her appointment as Treasurer, Ms. Morse-Griffin had not
held any other positions or offices with the Registrant. No other
arrangements or understandings with the officer and the registrant exist except
the arrangements or understandings related to the officer acting solely in the
capacity of her office. No family relationships exist between Ms.
Morse-Griffin and any director, officer or any other person nominated or chosen
by the Registrant to become an officer.
Ms.
Morse-Griffin’s business experience during the past five years is as follows:
Manager, Foreside Compliance Services, LLC, 2008 – present; Assistant Vice
President, Citigroup Fund Services, LLC, 2001-2008. None of the
listed employers are affiliated to the Registrant.
Ms.
Morse-Griffin has not engaged in any transactions since the beginning of the
Registrant's last fiscal year, or any currently proposed transaction, in which
the Registrant was or is to be a participant and the amount involved exceeds
$120,000, and in which she was related person with a direct or indirect material
interest.
Section
(c)(3)
There is no material plan, contract or
arrangement (whether or not written) to which a Ms. Morse-Griffin is a party or
in which she participates that is entered into or material amendment in
connection with the triggering event or any grant or award to Ms. Morse-Griffin
or modification thereto, under any such plan, contract or arrangement in
connection with any such event.
Item
5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
Section
(c)(1)
Ms.
Elizabeth A. Watson was appointed Secretary of the Registrant on May 8,
2010.
Section
(c)(2)
Ms. Watson is 55 years of
age. Prior to her appointment as Secretary, Ms. Watson served as
Assistant Secretary of the Registrant. No other arrangements or
understandings with the officer and the registrant exist except the arrangements
or understandings related to the officer acting solely in the capacity of her
office. No family relationships exist between Ms. Watson and any
director, officer or any other person nominated or chosen by the Registrant to
become an officer.
Ms. Watson’s business experience during
the past five years is as follows: President and General Counsel, U.S. Boston
Capital Corporation, 05/2004 – 07/2007; Clerk, Quantitative Group of Funds,
07/2004 – 07/2007; Chief Legal Officer, Quantitative Group of Funds, 01/2007 –
07/2007; Chief Compliance Officer, Quantitative Group of Funds, 07/2004 –
12/2005; Vice President and General Counsel, Quantitative Investment Advisors,
Inc., 05/2004 – 07/2007; Chief Compliance Officer, Quantitative Investment
Advisors, Inc., 07/2004 – 10/2006; Vice President and Managing Counsel, State
Street Bank and Trust Company, 08/2007 – present; Assistant Secretary of the
Registrant, 4/21/08 – 05/2010; Assistant Secretary of the Artio Global
Investment Funds, 04/2008 – 04/2010; Secretary of The China Fund, Inc. 12/2008 -
present. None of the listed employers are affiliated with the
Registrant.
Ms.
Watson has not engaged in any transactions since the beginning of the
Registrant's last fiscal year, or any currently proposed transaction, in which
the Registrant was or is to be a participant and the amount involved exceeds
$120,000, and in which she was related person with a direct or indirect material
interest.
Section
(c)(3)
There is no material plan, contract or
arrangement (whether or not written) to which a Ms. Watson is a party or in
which she participates that is entered into or material amendment in connection
with the triggering event or any grant or award to Ms. Watson or modification
thereto, under any such plan, contract or arrangement in connection with any
such event.
Item
5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
Section
(c)(1)
Ms.
Tracie A. Coop was appointed Assistant Secretary of the Registrant on May 8,
2010.
Section
(c)(2)
Ms. Coop is 33 years of
age. No other arrangements or understandings with the officer and the
registrant exist except the arrangements or understandings related to the
officer acting solely in the capacity of her office. No family
relationships exist between Ms. Coop and any director, officer or any other
person nominated or chosen by the Registrant to become an officer.
Ms.
Coop’s business experience during the past five years is as follows: Vice
President and Senior Counsel, State Street Bank and Trust Company 10/2007 –
present; Associate Counsel and Manager, Natixis Asset Management Advisors L.P.,
2006-2007; Associate Counsel, Natixis Asset Management Advisors L.P.,
2005-2006. None of the listed employers are affiliated to the
Registrant.
Ms. Coop
has not engaged in any transactions since the beginning of the Registrant's last
fiscal year, or any currently proposed transaction, in which the Registrant was
or is to be a participant and the amount involved exceeds $120,000, and in which
she was related person with a direct or indirect material interest.
Section
(c)(3)
There is no material plan, contract or
arrangement (whether or not written) to which a Ms. Coop is a party or in which
she participates that is entered into or material amendment in connection with
the triggering event or any grant or award to Ms. Coop or modification thereto,
under any such plan, contract or arrangement in connection with any such
event.
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.
Dated: May
12, 2010
By: /s/ Elizabeth
A.
Watson
Name:
Elizabeth A. Watson
Title: Secretary