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CHBT > SEC Filings for CHBT > Form 8-K on 6-Mar-2009All Recent SEC Filings

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Form 8-K for CHINA-BIOTICS, INC


6-Mar-2009

Change in Directors or Principal Officers, Financial Statements and Exhibits


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 6, 2009, China-Biotics, Inc. ("China-Biotics") announced the appointment of Mr. Lewis Fan, age 39, to the position of Chief Financial Officer, effective March 6, 2009. Mr. Fan served as Vice President and Senior Analyst in equity research at Brean Murray, Carret & Co from 2008 to 2009, Assistant Vice President of investor relations at The Ruth Group from 2007-2008, Senior Analyst at GFI Securities, Inc. in 2007, Associate Analyst in equity research at UBS Securities in 2007, and Associate in emerging markets strategy at Deutsche Bank from 2003 to 2007. Mr. Fan has a master of business administration degree in finance from New York University, a master of science degree in medicinal chemistry from the University of Michigan, and a bachelor of arts degree in biology and chemistry from Luther College. Mr. Fan will receive a salary of $120,000 per year.

Mr. Raymond Li stepped down from the position of Chief Financial Officer as of March 6, 2009. He will continue to serve as Vice President of Finance to China-Biotics.

A press release related to Mr. Fan's appointment is attached as Exhibit 99.1 to this Current Report on Form 8-K.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

        Exhibit
        Number  Exhibit Description

        99.1    Press Release of China-Biotics, Inc. dated March 6, 2009


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