UNITED
STATES
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): January 12, 2007 (January 8,
2007)
CHINA
SECURITY & SURVEILLANCE
TECHNOLOGY,
INC.
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(Exact
name of registrant as specified in its
charter)
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Delaware
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000-50917
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98-0509431
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(State
of Incorporation)
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(Commission
File No.)
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(IRS
Employer ID
No.)
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13/F,
Shenzhen Special Zone Press Tower, Shennan Road
Futian,
Shenzhen, China, 518034
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(Address
of Principal Executive
Offices)
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(86)
755-83765666
Registrant’s
Telephone Number, Including Area Code:
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 (see General Instruction A.2. below):
o Written
communications pursuant to Rule 425 under the Securities Act (17
CFR.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))
Item
5.02. Departure
of Directors or Principal Officers; Election of Directors; Appointment of
Principal Officers; Compensatory Arrangements of Certain Officers
On
and
effective January 8, 2007, Mr. Jinxu Wu resigned as Chief Financial Officer
of
China Security & Surveillance Technology, Inc. (the “Company”). Mr. Wu’s
resignation is not in connection with any known disagreement with the Company
on
any matter.
On
and
effective January 8, 2007, the Company appointed Terence Yap, age 35, as Chief
Financial Officer of the Company. Mr. Yap has served as a director and Vice
Chairman since March 2006. Mr. Yap was formerly the President, CEO and director
of Digital Network Alliance, Inc., which provides satellite Internet connections
and broadband services to both commercial and residential customers in the
Asia
Pacific region, including Hong Kong, Singapore, Indonesia, Bangladesh, Pakistan
and Mongolia. Mr. Yap worked with Digital Network Alliance, Inc. from January
2002 until 2006, where he stills remains on the board of directors. From
April 2000 to December 2002, he was the Director of Business Development for
Skyhub Asia Co., Ltd., a satellite services provider, where he established
partnerships and alliances in Hong Kong and throughout Asia. From June, 1999
to
April, 2000, he served as the Business Development Manager of MCI WorldCom
Asia
Pacific, Ltd., where he assisted in mergers and acquisitions of licensed
telecommunications companies, the building of physical points of presence and
negotiations with incumbent telecommunications operators. Mr. Yap has an
MBA from the Chinese University of Hong Kong and has been involved in
establishing and implementing business development and corporate strategies
for
multiple technology companies. In addition, he has participated in identifying
and completing acquisitions, acting in an investor relations capacity and has
served as a corporate representative. Mr. Yap spends almost all his time on
the
Company’s affairs.
No
family
relationship exists between Mr. Yap and any other director or executive officer
of the Company.
There
are
no transactions between Mr. Yap and the Company that would require disclosure
under Item 404(a) of Regulation S-K.
The
Company expects to reach a new employment agreement with Mr. Yap in the coming
weeks.
A
copy of
the press release issued by the Company on January 9, 2007 to announce the
appointment of Mr. Yap as Chief Financial Officer is attached hereto as Exhibit
99.1 and incorporated herein by reference.
Item
8.01 Other
Events.
On
January 8, 2007, the Company announced that it signed 58 new contracts during
the fourth quarter, which ended December 31, 2006, with a total aggregate
contract value of approximately $43 million. These contracts cover installations
for various projects, customers and initiatives located throughout China. A
copy
of the press release is attached hereto as Exhibit 99.2 and incorporated herein
by reference.
Item
9.01 Financial
Statements and Exhibits.
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Exhibit
99.1
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Press
Release issued by the Company, dated January 9, 2007.
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Exhibit
99.2
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Press
Release issued by the Company, dated January 8,
2007.
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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.
| China
Security
& Surveillance Technology, Inc. |
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| Date: January 12, 2007 |
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| /s/
Guoshen
Tu |
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Chief
Executive Officer |
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Exhibit
No.
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Description
of Exhibit
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99.1
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Press
release issued by the Company, dated January 9, 2007.
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99.2
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Press
release issued by the Company, dated January 8,
2007.
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