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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of report (Date of earliest event reported) October 16, 2006
ELECTRONIC SENSOR TECHNOLOGY, INC.
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(Exact Name of the Registrant as Specified in Charter)
Nevada 333-87224 98-0372780
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(State or Other (Commission (IRS Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
1077 Business Center Circle, Newbury Park, California 91320
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(Address of Principal Executive Offices)
Registrant's telephone number, including area code (805) 480-1994
Not Applicable.
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(Former Name or Former Address, if Changed Since Last Report)
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))
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ITEM 5.02 DEPARTURE OF PRINCIPAL OFFICER; APPOINTMENT OF PRINCIPAL OFFICER.
On October 16, 2006, Francis H. Chang announced his retirement as Secretary,
Treasurer and Vice President of Finance and Administration of Electronic Sensor
Technology, Inc. (the "Registrant") to the board of directors of the Registrant,
which will be effective as of November 1, 2006 (the "Effective Date").
On October 16, 2006, the board of directors of the Registrant appointed Philip
Yee, currently serving as Controller of the Registrant, to become Secretary,
Treasurer and Chief Financial Officer of the Registrant, effective as of the
Effective Date. Mr. Yee has served as Controller of the Registrant since April
2006. Previously, from February 2005 to April 2006, Mr. Yee was Corporate
Controller of Sleepwell Laboratories, Inc., a regional healthcare provider, and
its related companies. From 2001 to February 2005, Mr. Yee was Corporate
Controller of BLT Enterprises, Inc., a regional recycling company and real
estate developer, and its related companies. Mr. Yee received a B.A. and an
M.B.A. from the University of Michigan.
Mr. Yee does not have any family relationship with any other executive officer
or director of the Registrant. Mr. Yee has not been a party to or had a direct
or indirect material interest in any transaction, proposed transaction or series
of transactions in which the Registrant was, is to be or was to have been a
party during the past two years involving an amount in excess of $60,000.
Mr. Yee does not currently have an employment agreement with the Registrant.
A copy of the press release issued on October 19, 2006 announcing Mr. Chang's
retirement and Mr. Yee's appointment is attached hereto as Exhibit 99.1.
ITEM 9.01 EXHIBITS.
Exhibit No. Description
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99.1 Press Release dated October 19, 2006.
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.
ELECTRONIC SENSOR TECHNOLOGY, INC.
Date: October 20, 2006 By: /s/ Teong C. Lim
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Name: Teong C. Lim
Title: President and Chief Executive
Officer