f8k032910_magnegas.htm
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): March 29, 2010
MagneGas Corporation
(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
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Delaware
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26-0250418
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(State or other jurisdiction of
incorporation or organization)
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(I.R.S. Employer Identification No.)
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150 Rainville Rd
Tarpon Springs, FL 34689
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34689
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(Address of principal executive offices)
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(Zip Code)
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(Former name, former address, if changed since last report)
(727) 934-3448
(ISSUER TELEPHONE NUMBER)
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 5.02 Departure of Directors or Principal Officer; Election of Directors; Appointment of Principal Officers.
On March 29, 2010, MagneGas Corporation (the “Company”) appointed Ermanno P. Santilli as Executive Vice-President of International Relations. In this capacity Mr Santilli will oversee all international business development including customer acquisition, marketing, public relations, contract negotiation and distributor relationship management. His overall focus will be the commercial launch of the Magnegas technology in overseas markets.
Ermanno P. Santilli, Age 40, Mr Santilli was employed by Ingersoll Rand Company from March 2008 to April 2009 he served as Vice0President of Climate Control Business, Global Rail and Aftermarket. In this capacity he oversaw a department that generated over $270,000,000 in sales and $80,000,000 in operating income. He managed sales, business development, product management, and warehousing and dealer development with indirect procurement, manufacturing and engineering. Mr. Santilli also drove development of new business and rail markets in Australia and India.
From March 2006 to February 2008 Mr. Santilli served as Vice-President of Climate Control Aftermarket EMEA, he led a department that generated total sale of $150,000,000 and operating income of $50,000,000. He was responsible for business development, product management, warehousing, procurement, engineering and dealer development with indirect sales. From December 2003 to February 2006 Mr. Santilli served as Vice-President of Customer Relations for Climate Control EMEA. He had operational responsibility for customer satisfaction for customers with total sales aggregating over 1 billion dollars. Mr. Santilli had direct responsibility for order management, credit and collections, warranty, business intelligence and dealer development.
Item 9.01 Financial Statements and Exhibits
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a)
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Not applicable.
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b)
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Not applicable.
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c)
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Not applicable.
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d)
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Exhibits:
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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 hereunto duly authorized.
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MagneGas Corporation
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Dated: March 29, 2010
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/s/ Dr. Ruggero Maria Santilli
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Dr. Ruggero Maria Santilli
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Chief Executive Officer
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