UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________________

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):   June 30, 2011

 
Manhattan Bridge Capital, Inc.
(Exact Name of Registrant as Specified in Charter)
 
New York
000-25991
11-3474831
(State or Other Jurisdiction
of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
 
60 Cutter Mill Road, Great Neck, NY
11021
(Address of Principal Executive Offices)
(Zip Code)
 
(516) 444-3400
(Registrant’s telephone number,
including area code)
 
 192 Lexington Avenue, New York, NY 10016
 (Former Name or Former Address, if Changed Since Last Report)
 
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
o
Written communications pursuant to Rule 425 under the Section 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)).
 
 


 
 

 
This Current Report on Form 8-K is filed by Manhattan Bridge Capital, Inc. (the “Registrant”), in connection with the item set forth below.

Item 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(c) Effective as of June 30, 2011 (the “Effective Date”), the Board of Directors of the Registrant, elected Vanessa Kao to the positions of Chief Financial Officer, Vice President, Treasurer and Secretary of the Registrant.  Ms. Kao replaces Inbar Evron-Yogev in those positions.  On the Effective Date, Ms. Evron-Yogev resigned from those positions to pursue other career opportunities.

The principal occupation and brief summary of Ms. Kao’s background is as follows:

Vanessa Kao , age 33, rejoined the Registrant on June 30, 2011 as Chief Financial Officer, Vice President, Treasurer and Secretary.  Previously, from July 2004 through April 2006, she served as the Assistant Chief Financial Officer of the Registrant until she joined DAG Jewish Directories, Inc. in April 2006.  Since April 2006, she has been the Chief Financial Officer of DAG Jewish Directories, Inc.  Ms. Kao holds a M.B.A. in Finance and MIS/E-Commerce from the University of Missouri and a Bachelor degree of Business Administration in Finance from the National Taipei University in Taiwan.

No family relationship exists between Ms. Kao and any director or executive officer of the Registrant.

Item 9.01: Financial Statements and Exhibits.

(d)      Exhibits

Exhibit No.
Description
99.1
Press release, dated June 30, 2011, announcing Ms. Evron-Yogev’s resignation

* * * * * *

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.
 
 
 
 
MANHATTAN BRIDGE CAPITAL, INC.
 
 
 
 
Dated: June 30, 2011
By: /s/ Assaf Ran
 
Name: Assaf Ran
 
Title: President and Chief Executive Officer

 
 

 


Contact:
Assaf Ran, CEO
(516) 444-3400
SOURCE: Manhattan Bridge Capital, Inc.

Manhattan Bridge Capital, Inc. Announces Departure of CFO

NEW YORK, N.Y. June 30, 2011 / GLOBE Newswire   / -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN )
 
Manhattan Bridge Capital, Inc. announced today that Vanessa Kao, has been elected CFO to replace Inbar Evron-Yogev who resigned today from all of her positions with the Company to pursue other career opportunities.

Manhattan Bridge Capital, Inc., offers short-term loans to real estate investors (also known as hard money) to fund their acquisition and construction of properties located in the New York Metropolitan area.  Currently, our customers’ purchases are often from banks or distressed sellers.  Substantially all of our loans are secured by first mortgages on the acquired real estate.  In addition, the principals of our corporate borrowers personally guaranty the loans and, as additional collateral and protection, pledge the borrower’s stock.   We operate the web site : http://www.manhattanbridgecapital.com

 
This report contains forward-looking statements within the meaning of section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).  Forward-looking statements are typically identified by the words “believe,” “expect,” “intend,” “estimate” and similar expressions.  Those statements appear in a number of places in this report and include statements regarding our intent, belief or current expectations or those of our directors or officers with respect to, among other things, trends affecting our financial conditions and results of operations and our business and growth strategies.  These forward-looking statements are not guarantees of future performance and involve risks and uncertainties.  Actual results may differ materially from those projected, expressed or implied in the forward-looking statements as a result of various factors (such factors are referred to herein as “Cautionary Statements”), including but not limited to the following: (i)  the successful integration of new businesses that we may acquire; (ii) the success of new operations which we have commenced and of our new business strategy; (iii) our limited operating history in our new business; (iv) potential fluctuations in our quarterly operating results; and (v) challenges facing us relating to our growth.  The accompanying information contained in this report, including the information set forth under “Management’s Discussion and Analysis of Financial Condition and Results of Operations”, identifies important factors that could cause such differences.  These forward-looking statements speak only as of the date of this report, and we caution potential investors not to place undue reliance on such statements.  We undertake no obligation to update or revise any forward-looking statements.  All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the Cautionary Statements.