SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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) August 1, 2007
Dalrada Financial Corporation
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(Exact Name of Registrant as Specified in its Charter)
Delaware 0-12641 38-3713274
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
9449 Balboa Avenue, Suite 210, San Diego, CA 92123
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (858) 277-5300
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(Former Name or Former Address, if Changed Since Last Report)
Item 5.02. Departure of Directors and Principal Officer; Appointment of
Directors and Principal Officer
Director Resignations:
1. Richard Green, a member of the Board of Directors of the Company has
resigned effective July 26, 2007 at the request of management.
2. James Ellis, a member of the Board of Directors of the Company has
resigned effective July 26, 2007 at the request of management.
3. Robert T. Baker, a member of the Board of Directors of the Company has
resigned effective July 26, 2007 at the request of management.
Appointment of Directors: The following new members were elected at the July 27,
2007 meeting of the Dalrada Financial Corporation of Board of Directors and will
be effective July 31, 2007:
1. James Agnew is President, co-founder, and board member of Archway
Insurance Services, LLC. At Archway, he is responsible for the overall
management and marketing for the company and overseeing all new
business production. Agnew has been integral in establishing the many
strategic traditional and alternative market insurance partnerships and
overall corporate strategy. Formerly a senior executive with the
leading A.R.T. consultant, Commonwealth Risk, Agnew earned a reputation
as one of the company's leading production sources for both corporate
and specialty business, including recognition as "Producer of the
Year".
In 2004, he was nominated as one of the industry's "people to watch
under 40" sponsored by Business Insurance magazine. Agnew currently
serves as Chairman and CEO of Alliance National Insurance Company.
2. Stanley J. Costello, Jr. is President / CEO of All Staffing, Inc., a
Tennessee licensed, Pennsylvania based Professional Employer
Organization (PEO) that he started in 1991. Costello has grown All
Staffing, Inc. to a company with over 100 million in sales and is
involved on a daily basis in increasing its net worth.
Costello has served as President of the Panther Valley Chamber of
Commerce and presently holds office on the Board of Directors for St.
Luke's Miners Memorial Hospital in Coaldale, PA. He is the First Vice
President of the Northeast Pennsylvania Alliance (NEPA). Costello
serves on the Board of Directors for the National Association of
Alternative Staffing (NAAS), along with being the Vice President of the
Schuylkill County Housing Authority. He is a standing member of the
National Society of Accountants and plays an active role in the
National Association of Professional Employer Organizations (NAPEO).
Costello received a Bachelor of Science degree in Business
Administration - Accounting from Shippensburg University. He became a
CPA in 1996.
Item 9.01 Exhibits
(b)
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Exhibit No. Exhibit
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17.1 Resignation of Richard Green
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17.2 Resignation of James L. Ellis
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17.3 Resignation of Robert T. Baker
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99.01 Press Release July 31, 2007
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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 duly authorized.
SIGNATURE TITLE DATE
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/s/ Brian Bonar Chairman of the Board of August 3, 2007
----------------- Chief Executive Officer, and
Directors, (Principal Executive Officer)
Brian Bonar
/s/ Stanley A. Hirschman Director August 3, 2007
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Stanley A. Hirschman
/s/ David P. Lieberman CFO August 3, 2007
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David P. Lieberman