Longhai Steel, Inc. (fka LGHS)

[sunspotter]

Hot water? Nobody left to turn on the faucet:

"ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.

On October 29, 2012, Mr. Josh Howell informed the Board of Directors (the “Board”) of Longhai Steel Inc. (the “Company”) that he resigned as the Company’s director and the chairman of the Compensation Committee, effective immediately. On the same day, Mr. Jeff Cooke informed the Board that he resigned as the Company’s director and the chairman of the Nominating Committee, effective immediately. On October 30, 2012, Mr. Steve Ross informed the Board that he resigned as the Company’s Senior Vice President and director, effective immediately. Their resignations are not in connection with any known disagreement with the Company on any matter. The Company intends to elect new directors to fill the vacancy created by the resignations as soon as possible."

http://ih.advfn.com/p.php?pid=nmona&article=55010709



Whatever happened to timely disclosure, I wonder? I would consider three Director resignations to be a material event that required a more timely filing than this!