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):
OCTOBER 15, 2007 (OCTOBER 10, 2007)
ZONE 4 PLAY, INC.
(Exact name of registrant as specified in its charter)
NEVADA 000-51255 98-0374121
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
103 FOULK ROAD, WILMINGTON, DE 19803
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(Address of principal executive offices) (Zip Code)
(302) 691-6177
(Registrant's telephone number, including area code)
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 CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On October 10, 2007, Michael Chill and Niv Zilberstein were appointed as members
of the Board of Directors of the registrant by the remaining members of the
Board of Directors. Currently, Mr. Chill is not named as a member of any
committee of the Board of Directors and Mr. Zilberstein is a member of the
registrant's board compensation committee. On the same day, Oded Zucker and
Shlomo Rothman resigned from their positions as directors of the registrant.
Mr. Chill currently serves as director and as the financial expert of the audit
committee of BluePhoenix Solutions Ltd. (NASDAQ: BPHX). Since July 2003, Mr.
Chill has served as investment manager at the hedge fund Iroquois Capital LOP.
Prior to that, Mr. Chill was an independent advisor to various high technology
companies and venture capital firms both in Israel and the United States. During
2002 and the first half of 2003, Mr. Chill served as the president and head of
investment banking department at Jerusalem Global Ltd., a venture capital and
investment banking firm. Prior to that, from 1999, Mr. Chill served as a
managing director in the technology investment banking group at Gruntal and Co.
Mr. Chill holds a B.S. degree in accounting from the Sy Syms School of Business
at Yeshiva University and an MBA degree from Columbia University Business
School.
Since 2003, Mr. Zilberstein has been the Vice President, Operations & Logistics
for Pelephone Communication Ltd., one of Israel's leading wireless
communications companies. He is also a member of Pelephone's executive board.
Mr. Zilberstein holds a B.A. degree in behavioral sciences and human resources
management from the College of Management in Israel and an MBA degree from Bar
Ilan University.
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.
ZONE 4 PLAY, INC.
(REGISTRANT)
BY: /S/ URI LEVY
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Date: October 15, 2007
URI LEVY
ACTING CHIEF EXECUTIVE OFFICER
AND CHIEF FINANCIAL OFFICER