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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">UNITED
STATES</font></div>
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AND EXCHANGE COMMISSION</font></div>
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DC 20549</font></div>
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8-K</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">CURRENT
REPORT</font></div>
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to Section 13 or 15(d) of the Securities Exchange Act of 1934</font></div>
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of Report (Date of earliest event reported) July 1, 2008</font></div>
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DIRECT, INC.</font></div>
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Fairway Drive, Suite 200, Deerfield Beach, Florida 33441</font></div>
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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 (see General Instruction A.2. below):</font></div>
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pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
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pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))</font></font></div>
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1.01 Entry into a Material Definitive Agreement.</font></div>
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December 3, 2008, China Direct, Inc. (the &#8220;Company&#8221;) awarded 80,000 shares of
its restricted common stock, par value $.0001 per share, pursuant to its 2008
Non-Executive Stock Incentive Plan to Yi (Jenny) Liu, our Vice President of
Finance, in lieu of any prior stock option awards.&#160;&#160;The shares awarded
to Ms. Liu on December 3, 2008 vest in full on January 1, 2009.&#160;&#160;On
July 1, 2008, Ms. Liu&#8217;s annual compensation was increased to $105,000 per year
plus payment of a monthly allowance of $1,000 per month for automobile and
cellular phone expenses.&#160;&#160;On July 1, 2008, Ms. Liu was also awarded
15,000 shares of restricted common stock pursuant to the Company&#8217;s 2008
Non-Executive Stock Incentive Plan which shares vest 25% on June 1, 2009, 25% on
September 1, 2009, 25% on December 1, 2009 and 25% on March 1,
2010.</font></div>
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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.</font></div>
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December 5, 2008</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 234pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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        <div align="left">
          <div align="left">
            <div align="left">
              <div align="left">
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                    <tr>
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                      <td align="left" valign="top" width="33%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold">CHINA
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                    <tr>
                      <td align="left" valign="top" width="39%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                      <td align="left" valign="top" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
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      </font></td>
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                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: right" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">By:</font></div>
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                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline">/s/ Yuejian (James) Wang</font></font></div>
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      </font></td>
                      <td valign="top" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
                      <td align="left" valign="top" width="33%">
                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Yuejian
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                      <td valign="top" width="39%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
                      <td valign="top" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
                      <td valign="top" width="33%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Chief
      Executive Officer</font></font></td>
                    </tr>
                    <tr>
                      <td valign="top" width="39%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
                      <td valign="top" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
                      <td align="left" valign="top" width="33%">
                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                      </td>
                    </tr>
                    <tr>
                      <td valign="top" width="39%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
                      <td valign="top" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
                      <td valign="top" width="33%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
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cds-8k.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 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) July 1, 2008
CHINA
DIRECT, INC.
(Exact
name of registrant as specified in its charter)
Florida
001-33694
13-3876100
(State
      or other jurisdiction
(Commission
(IRS
      Employer
of
      incorporation)
File
      Number)
Identification
      No.)
431
Fairway Drive, Suite 200, Deerfield Beach, Florida 33441
(Address
of principal executive offices) (Zip Code)
Registrant's
telephone number, including area code
 (954) 363-7333
(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 (see General Instruction A.2. below):
o
Written communications pursuant
to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o
Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
1.01 Entry into a Material Definitive Agreement.
On
December 3, 2008, China Direct, Inc. (the "Company") awarded 80,000 shares of
its restricted common stock, par value $.0001 per share, pursuant to its 2008
Non-Executive Stock Incentive Plan to Yi (Jenny) Liu, our Vice President of
Finance, in lieu of any prior stock option awards.  The shares awarded
to Ms. Liu on December 3, 2008 vest in full on January 1, 2009.  On
July 1, 2008, Ms. Liu's annual compensation was increased to $105,000 per year
plus payment of a monthly allowance of $1,000 per month for automobile and
cellular phone expenses.  On July 1, 2008, Ms. Liu was also awarded
15,000 shares of restricted common stock pursuant to the Company's 2008
Non-Executive Stock Incentive Plan which shares vest 25% on June 1, 2009, 25% on
September 1, 2009, 25% on December 1, 2009 and 25% on March 1,
2010.
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:
December 5, 2008
CHINA
      DIRECT, INC.
By:
/s/ Yuejian (James) Wang
Yuejian
      (James) Wang,
Chief
      Executive Officer