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) April 3, 2006 Commission File Number 000-50218 BEKEM METALS, INC. ------------------------------------------------------ (Exact Name of Registrant as Specified in its Charter) UTAH 87-0669131 ------------------------------- --------------------- (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification Number) 170 Tchaikovsky Street, 4th Floor, Almaty, Kazakhstan ----------------------------------------------------- (Address of principal executive offices) 050000 --------- (Zip Code) +7 3272 582 386 ----------------------------------------------- (Registrant's Executive Office Telephone Number) 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 [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act Item 5.02 Departure of Principal Financial Officer On April 3, 2006, Mr. James Gunnell resigned as the Chief Financial Officer of the Company. Mr. Gunnell's resignation was not the result of any disagreement with the Company on any matter relating to our operations, policies or practices. Mr. Gunnell will continue to serve on the Company's board of directors. As a result of Mr. Gunnell's resignation, on April 3, 2006, our board of directors appointed Yermek Kudabayev to serve as our Chief Financial Officer. Following is a brief description of the business background of Mr. Kudabayev: Mr. Kudabayev earned a Bachelors degree in Engineer-Economics from the Moscow Institute of Steel and Alloys in 1993. He earned an MBA degree from the Kazakhstan Institute of Management, Economics and Strategic Research in 1996. Mr. Kudabayev has been a member of the Association of Chartered Certified Accountants, an international accountancy body, since 2004. He was issued a Certified Accounting Practitioner Certificate from the International Counsel of Certified Accountants and Auditors in 2002. He has been a Kazakhstani Certified Accountant since 1998 and a Certified Kazakhstani Auditor since 2000. Prior to joining the Company, Mr. Kudabayev served as the Finance Director for Kazkhoil Aktobe LLP from 2003 to April 2006. As the Finance Director, Mr. Kudabayev was responsible for budgeting, planning, cash flow forecasting and management, strategic research accounting, taxation and reporting. From 2002 to 2003, Mr. Kudabayev served as the Director of the Astana, Kazakhstan office of Ernst & Young, where he was responsible for auditing and coordination of projects in the Astana, Karaganda and Pavlodar regions of Kazakhstan. From 1997 to 2002 Mr. Kudabayev worked for Arthur Andersen as a Senior Auditor and as a Manager. Mr. Kudabayev is not a director of any SEC reporting company. Mr. Kudabayev is 36 years old. There are no family relationships among any of the Company's officers or directors. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized. BEKEM METALS, INC. Date: April 7, 2006 By: /s/ Marat Cherdabayev ---------------------------- Marat Cherdabayev, President 2