Item 1.01(b) is incorporated herein by
reference.
Item
3.02 Unregistered Sales of Equity Securities.
The
disclosure contained in Item 1.01(b) is incorporated herein by
reference.
Item
5.02 Departure of Directors or Certain Officers; Election of
Directors, Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
(b) Effective
February 15, 2008, Anita Griffith resigned from the position of Chief
Information Officer of the Company. The Company is in the process of negotiating
a separation agreement with Ms. Griffith and is also contemplating entering into
a consulting agreement with Ms. Griffith. Effective March 21, 2008, David Lasier
resigned from the position of President of the Company. The
Company is in the process of negotiating a settlement/separation agreement with
Mr. Lasier.
(e) As
previously reported, effective December 16, 2007, Bobby Reed was appointed to
the position of Chief Operating Officer of the Company. However,
during the course of the negotiations regarding the terms of Mr. Reed’s
employment, the Company and Mr. Reed determined that Mr. Reed would not serve as
Chief Operating Officer and instead would remain in the position of Vice
President of Operations.
Item
9.01 Financial Statements and Exhibits.
(d) Exhibits
10.1 Rights Agreement, dated
March 20, 2008, between the Company and BPP.
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.
| Date: April 1, 2008 | |||
| WINSONIC DIGITAL MEDIA GROUP, LTD. | |||
|
By:
|
/s/ Winston Johnson | ||
|
Winston
Johnson
|
|||
|
Chairman
of the Board and CEO |
|||