UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities and Exchange Act of 1934
Date of Report (Date of earliest reported): April 15, 2005
EUROWEB INTERNATIONAL CORP.
(Exact name of registrant as specified in charter)
Delaware 1-1200 13-3696015
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1138 Budapest, Vaci ut 141. Hungary
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: +36-1-8897000
Copies to:
Gregory Sichenzia, Esq.
Stephen M. Fleming, Esq.
Sichenzia Ross Friedman Ference LLP
1065 Avenue of the Americas
New York, New York 10018
Phone: (212) 930-9700
Fax: (212) 930-9725
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 Instructions A.2. below):
/_/ Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
/_/ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
/_/ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
/_/ 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.
On April 15, 2005, the Board of Directors of Euroweb International Corp. (the
"Company") voted to appoint Moshe Schnapp as a director and as the President of
the Company. There are no understandings or arrangements between Mr. Schnapp and
any other person pursuant to which Mr. Schnapp was selected as a director. Mr.
Schnapp presently does not serve on any Company committee. Mr. Schnapp may be
appointed to serve as a member of a committee although there are no current
plans to appoint Mr. Schnapp to a committee as of the date hereof. Mr. Schnapp
does not have any other family relationship with any director, executive officer
or person nominated or chosen by the Company to become a director or executive
officer. Additionally, except for negotiations with the Company's compensation
committee regarding the compensation to be paid for Mr. Schnapp's services, in
which Mr. Schnapp shall be compensated with stock options, Mr. Schnapp has never
entered into a transaction, nor is there any proposed transaction, between Mr.
Schnapp and the Company.
Moshe Schnapp, age 43, President and director of the Company since April 15,
2005 has worked in the construction and development industry for over fifteen
years. Mr. Schnapp background covers all aspect of financial planning with
project development, including, but not limited to, statistical research and
analysis as applied before and during the project. Mr. Schnapp has acted in
publicly traded companies both as director and as officer. Mr. Schnapp has
experience in project management, cost accounting and supervising marketing from
a financial point of view. Mr. Schnapp received a BA in economics and accounting
from Haifa University in 1987, an MBA from Tel Aviv University in 1994 and he
also holds doctorate degree in philosophy and a graduate degree in commercial
and industrial economy from Pacific Western University. Mr. Schanpp is a
licensed Certified Public Accountant in Israel. Mr. Schnapp served as director
and CFO of Engel General Contractors LTD (symbol ENGEF) and later was appointed
as CEO until January 1995. He served as CEO and Director of Genesis Construction
LTD (symbol GDCUF) from February 1995 until June 1999. Since October 2000 until
today he has been serving as director and president of American Realty Group,
Inc. a private company. Mr. Schnapp is also director and officer of: AS Holdings
LLC, Speedy the Plumber Inc, Bonanza Realty Inc, Bonanza Realty LLC, Glendon
Advisors Inc, Van Nuys Plaza LLC, and few other private companies.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
EUROWEB INTERNATIONAL CORPORATION
By:/s/ CSABA TORO
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Name: Csaba Toro
Title: Chief Executive Officer
Date: April 20, 2005
Budapest, Hungary