Chimera Energy Corp (CHMR)

[236T568]

CHMR - details of the changing of CEO's

Smells like the SEC has begun inquiries

The old CEO retired from all positions and has nothing to do with the company now

The new CEO is only temporary with no employment contract


http://www.sec.gov/Archives/edgar/data/1532796/000143209312000816/chimera8k100912.htm


ITEM 5.02: DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS, APPOINTMENT OF CERTAIN OFFICERS



Effective October 10, 2012, Charles Grob resigned from all positions held with the Chimera Energy Corp. (the “Company” or “Chimera”), including resigning as Chairman of the Board of Directors. There was no disagreement between the Company and Mr. Grob at the time of his resignation from the Board of Directors.


Also on October 10, 2012, the Company’s Shareholders appointed Baldemar Rios as sole Director, CEO and Corporate Secretary. Mr. Rios will serve as a director until his successor has been elected at the next annual meeting of the Company's shareholders or until his earlier resignation, removal, or death. Mr. Rios has not been appointed to any committees of the Board, as the Board does not presently have any committees.

Baldemar Rios, age 54, has held various positions in in a diverse range of energy related industries and operated his own businesses for more than 30 years.


Most recently, from 1993 to late 2010, Mr. Rios served as the President and CEO of Projects & Industrial Products, LP, a Houston based enterprise focused on engineering services related to petrochemical and refining facilities.


Prior to 1993, Mr. Rios was involved in a variety of companies, generally in the capacity of a chemical engineer.


Mr. Rios does not currently have any employment agreement in place with the Company.


Mr. Rios was not appointed pursuant to any arrangement or understanding between Mr. Rios and any other person.


ITEM 8.01: OTHER EVENTS



On October 10, 2012, Chimera posted to the Company’s website a shareholder letter from the CEO, Baldemar Rios.


This shareholder letter is attached as Exhibit 99.1 hereto and is incorporated herein by reference.


ITEM 9.01: FINANCIAL STATEMENTS AND EXHIBITS