UNITED STATES
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): December 15, 2005
PPOL,INC.
(Exact name of registrant as specified in its charter)
CALIFORNIA 000-50065 95-4436774
(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification Number)
organization)
1 City Boulevard West, Suite 820 92868
Orange, California (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (714) 937-3211
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:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 5.02. DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF PRINCIPAL OFFICERS
Effective December 15, 2005 resigned as Chief Executive Officer and as a member
of the Board of Directors of PPOL, Inc. for personal reasons.
Mr. Masao Yamamoto (56), formerly Chief Operating Officer of the Company, has
been appointed as Chief Executive Officer by the Board of Directors. He will
continue in his role as Director of the Company.
Mr. Masao Yamamoto is also the Chief Executive Officer of AJOL Co. Ltd., PPOL's
wholly owned subsidiary, where he previously served as General Manager of
Finance and Director. Prior to joining AJOL he was General Manager of accounting
with Chiiki Shinko Kyouiku Jigyo Foundation. Mr. Yamamoto graduated from the
Koganei Industrial School, with a major in Electronics.
The position of Chief Operating Officer of the Company will remain vacant for
the time being. However, Mr. Yamamoto will continue to carry on those
responsibilities in addition to his new responsibilities as Chief Executive
Officer of the Company.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: December 16, 2005
PPOL, Inc.
By: /s/ Richard Izumi
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Richard Izumi
Chief Financial Officer and Secretary