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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
June 8, 1999
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Date of report (Date of earliest event reported)
NEVADA MANHATTAN GROUP, INCORPORATED
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(Exact Name of Registrant as Specified in Its Charter)
NEVADA
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(State or Other Jurisdiction of Incorporation)
0-25117 88-0219765
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(Commission File Number) (IRS Employer Identification No.)
15260 VENTURA BLVD., SUITE 1200, SHERMAN OAKS, CA 91403
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(Address of Principal Executive Offices) (Zip Code)
(818) 728-9728
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(Issuer's Telephone Number, Including Area Code)
TERRA NATURAL RESOURCES CORPORATION
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(Former Name, if Changed Since Last Report)
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Item 5. Other Events.
NEVADA MANHATTAN REPORTS CHANGES TO THE BOARD OF DIRECTORS AND OFFICERS
Following its regular Board of Directors' meeting on June 8, 1999, Nevada
Manhattan Group, Inc. (NMG) has announced the following changes to its Board of
Directors and Officers:
Individual New positions Former position(s)
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Tetsuo Kitagawa Vice Chairman, COO Director, COO
Yuri Belman Director, Executive Assistant
Executive Assistant to CEO to CEO
Bruce Lauper Director, CFO, Secretary CFO
As previously announced, Mr. Richard Izumi has succeeded Mr. Chris Michaels as
the CEO and Chairman of NMG. Mr. Michaels is now head of the Company's
operations in Indonesia and Brazil.
Mr. Yuri Belman is now a new member of the Board. Mr. Belman, who became a
permanent resident of the U.S. in 1991, has extensive business experience in the
FSU/CIS and U.S. in management, as well as an engineer. Prior to becoming a
member of the Board, he has joined NMG as Executive Assistant to the CEO. Mr.
Belman is bilingual and bicultural in Russian/English. Mr. Izumi, CEO has stated
"Mr. Belman is a welcome addition to the Board. I look to him to make
substantial contributions to the future endeavors of the Company in the FSU/CIS
with his business contacts and knowledge of the business customs, practices and
culture."
The Company's CFO, Mr. Bruce Lauper, has become a member of the BOD and has been
appointed as Secretary. Mr. Lauper, a CPA, had previously been the CFO of a
privately held company and a senior manager with Price Waterhouse.
Mr. Jeffrey Kramer, has been asked to and has resigned as a Director of NMG. Mr.
Kramer has previously been with the Company in many different capacities,
including Chief Operating Officer, during his twelve-year tenure with NMG.
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Mr. Ilyas Chaudhary, a Director of the Company, has announced his intentions to
resign from the BOD. His resignation is expected to become effective no later
than June 30, 1999. The Company has begun a search to fill the vacancy that will
be created by Mr. Chaudhary's departure with an individual having extensive
experience doing business with the FSU/CIS. To maintain proper corporate
governance, it is planned that an outside director will fill the anticipated
vacancy.
Separately, the individuals listed below are no longer associated with the
Company. None of them have been with the Company longer than nine months.
Individual Former position(s)
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Neil Lewis Vice Chairman, Secretary
David Smushkevich Consultant
Semion Smushkevich Consultant, and previously an employee
This statement includes forward-looking information as that term is defined in
the Private Securities Litigation Reform Act of 1995, and, therefore, is subject
to certain risks and uncertainties. Actual results may be materially different.
Factors that could cause actual results to differ include risk factors listed in
the company's reports to the Securities and Exchange Commission, including Form
10-KSB and Form 10-QSB.
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SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
NEVADA MANHATTAN GROUP, INCORPORATED
(Registrant)
Date: June 15, 1999 BY: /s/ Richard H. Izumi
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RICHARD H. IZUMI
CHIEF EXECUTIVE OFFICER
