UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date
of
Report: (Date of earliest event reported): July 31,
2007
CAMELOT
ENTERTAINMENT GROUP, INC.
(EXACT
NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
|
Delaware
|
000-30785
|
52-2195605
|
|
(State
or other jurisdiction of incorporation or organization)
|
(Commission
File Number)
|
(IRS
Employee Identification No.)
|
|
2020
Main Street Suite 990 Irvine CA
|
92614
|
|
(Address
of principal executive offices)
|
(Zip
Code)
|
(949)
777-1090
(Issuer
telephone number)
(Former
name, if changed since last report)
(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):
o
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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))
1
SECTION
5
- CORPORATE GOVERNANCE AND MANAGEMENT
ITEM
5.02
DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT
OF PRINCIPAL OFFICERS
On
July 31, 2007, the Company’s Board of Directors formally accepted the
resignation of Jane Olmstead as a member of the Board of Directors. Ms. Olmstead
will remain with the Company as a consultant. Ms. Olmstead had originally
submitted her resignation to the Company on May 31, 2007, following a request
from the Board of Directors. As a result of her resignation, Ms. Olmstead will
no longer be eligible to serve on the Audit Committee.
On
July 31, 2007, the Company’s Board of Directors formally accepted the
resignation of Rounsevelle Schaum as a member of the Board of Directors. Mr.
Schaum will remain with the Company as a financial consultant and as a member
of
the Company’s Advisory Board. Mr. Schaum had originally submitted his
resignation to the Company on May 31, 2007, following a request from the Board
of Directors.
These
resignations were requested by the Board of Directors in order to make board
seats available in compliance with certain financial transactions currently
under negotiation. It is anticipated that the newly created vacancies on the
Board of Directors will be filled when board elections occur at the annual
stockholders meeting this fall.
Neither
resignation was the result of any disagreement or any other type of dispute
between Ms. Olmstead, Mr. Schaum and the Board of Directors and/or the
Company.
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
thereunto authorized.
| Camelot Entertainment Group, Inc. | |||
|
Date:
July 31,
2007
|
By:
|
/s/ Robert P. Atwell | |
| Robert P. Atwell | |||
|
CEO
|
|||
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