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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)
SEPTEMBER 10, 2008
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BLUE HOLDINGS, INC.
(Exact name of registrant as specified in charter)
NEVADA
(State or other Jurisdiction of Incorporation or Organization)
000-33297 88-0450923
(Commission File Number) (IRS Employer Identification No.)
4901 ZAMBRANO STREET, COMMERCE, CA
90040
(Address of Principal Executive
Offices and zip code)
(323) 726-1913
(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(b) 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))
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ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF
DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY
ARRANGEMENTS OF CERTAIN OFFICERS.
On September 10, 2008, Eric Hohl resigned as the Registrant's Chief
Financial Officer to pursue another opportunity. Mr. Hohl agreed to make himself
available through September 30, 2008 to assist the Registrant with the
restatement of the Registrant's audited financial statements for the year ended
December 31, 2007 and the unaudited financial statements for the fiscal quarters
ended March 31, June 30 and September 30, 2007, and the preparation of the
Registrant's unaudited financial statements for the fiscal quarters ended March
31 and June 30, 2008.
Effective as of September 10, 2008, Glenn S. Palmer, the Registrant's
Chief Executive Officer and President, will serve as the Registrant's Interim
Chief Financial Officer.
Effective as of September 10, 2008, David Lasell, the Registrant's
interim Controller, will serve as the Registrant's Interim Chief Accounting
Officer. Mr. Lasell, 54, has served as the Registrant's interim Controller since
August 2008. For the past five years he has served in a similar capacity for a
variety of apparel industry companies, including Blue Torch, Inc., Titan
Industries, Inc. and Kenpo Fashions, Inc. Mr. Lasell is a certified public
accountant with an MBA from Columbia University. He has over eight years of
experience in public accounting with an additional twenty years in financial
roles with a variety of consumer product / apparel companies, including Ocean
Pacific, Bugle Boy and Richard Tyler.
Prior to his appointment as the Registrant's Interim Chief Accounting
Officer, Mr. Lasell had no material relationship with the Registrant other than
his service as the Registrant's interim Controller. Mr. Lasell has no family
relationships with any of the Registrant's other directors or executive
officers.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
Blue Holdings, Inc. has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
BLUE HOLDINGS, INC.
Date: September 15, 2008 By: /S/ GLENN S. PALMER
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Glenn S. Palmer
Chief Executive Officer
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