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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)
MARCH 28, 2007
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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.)
5804 E. SLAUSON AVE.,
COMMERCE, CA 90040
(Address of Principal Executive
Offices and zip code)
(323) 725-5555
(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))
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF
DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY
ARRANGEMENTS OF CERTAIN OFFICERS.
On March 28, 2007, the Registrant appointed Scott J. Drake as its new
President of Sales and Chief Operating Officer. Mr. Jacobs serves at the
pleasure of the Registrant's board of directors.
Mr. Drake joins the Registrant with over 25 years of experience in the
apparel business. Previously, Mr. Drake was the President of Visual Concept
Image, an apparel manufacturer that specializes in contemporary denim and
knit-based collections whose clients included Banana Republic, Lucky Brand
Jeans, St. John, Hudson, Kitson and many others. Prior to that, Mr. Drake was
the President of Blue Pen Inc., a contemporary denim company where he was
responsible for the sales, marketing and supervision of production of all brands
under the Blue Pen Company, as well as Blue Cult Inc., Sacred Blue and Blue 2.
Additionally, Mr. Drake developed The Blue 2 Brand that shipped over $15 million
in sales in its first 18 months of operations and created a Private label
business with the Express division of the Limited Corporation with revenue
totaling $10 million in the first year. Mr. Drake is 58 years old.
Prior to his appointment as the Registrant's President of Sales and
Chief Operating Officer, Mr. Drake had no material relationship with the
Registrant. Mr. Drake has no family relationships with any of the Registrant's
other directors or executive officers.
The Registrant issued a press release announcing the appointment of Mr.
Drake as its new President of Sales and Chief Operating Officer. A copy of the
press release is being furnished as Exhibit 99.1 to this report and is
incorporated herein by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(a) FINANCIAL STATEMENTS OF BUSINESS ACQUIRED. Not applicable.
(b) PRO FORMA FINANCIAL INFORMATION. Not applicable.
(c) SHELL COMPANY TRANSACTIONS. Not applicable
(d) EXHIBITS.
99.1 Press Release issued by the Registrant on March 28,
2007.
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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: April 3, 2007 By: /s/ Larry Jacobs
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Larry Jacobs
Chief Financial Officer and Secretary
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EXHIBIT INDEX
EXHIBIT NUMBER DESCRIPTION OF EXHIBIT
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99.1 Press Release issued by the Registrant on March 28, 2007.
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