WWW.EXFILE.COM, INC. -- 888-775-4789 -- GREYSTONE LOGISTICS, INC. -- FORM 8-K
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):
October
21, 2009
Greystone
Logistics, Inc.
(Exact
name of registrant as specified in its charter)
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Oklahoma
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000-26331
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75-2954680
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(State
or other jurisdiction of
incorporation)
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(Commission
File Number)
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(I.R.S.
Employer Identification No.)
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1613 E. 15th,
Tulsa, Oklahoma
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74120
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(Address of
principal executive offices)
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(Zip
Code)
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(918)
583-7441
(Registrant's
telephone number, including area code)
Not
Applicable
(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 (see General Instruction 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 Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
(b) and
(e). On October 21, 2009, Robert H. Nelson (“Nelson”) notified
Greystone Logistics, Inc. (the “Registrant”) that he was resigning as the
Registrant’s
Chief Financial Officer effective as of October 24,
2009. Accordingly, Nelson and the Registrant entered into a Mutual
Termination of Employment Agreement and Release, dated as of October 24, 2009
(the “Mutual Termination Agreement”), pursuant to which the parties terminated
that certain Employment Agreement, dated as of November 1, 2004, between the
parties, which contained the terms and conditions of Nelson’s employment with
the Registrant and which was filed as an exhibit to the Registrant’s Form 10-QSB
for the period ended November 30, 2004. Pursuant to the Mutual
Termination Agreement, the Registrant will pay Nelson his base salary through
the effective date of his resignation, and upon such payment, will owe no
additional amounts to Nelson. In addition, the Mutual Termination
Agreement contains a mutual release with customary terms and
conditions.
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.
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GREYSTONE
LOGISTICS, INC. |
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Date:
October 27, 2009
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By:
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/s/ Warren
F. Kruger |
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Warren
F. Kruger |
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President
and Chief Executive Officer |
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