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 1934 Date of Report (date of earliest event reported): March 1, 2006 Adal Group, Inc. (Exact name of registrant as specified in charter) Delaware (State or other jurisdiction of incorporation) 1-9431 94-3012230 (Commission File Number) (IRS Employer Identification No.) 67 Wall Street 22nd Floor New York, NY 10005-3101 ----------------------------------------------------- (Address of principal executive offices and zip code) (212) 709-8122 ----------------------------------------------------- (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 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(b)) |_| 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 Principal Officers; Election of Directors; Appointment of Principal Officers. Effective as of June 8, 2006, Brian Alleman resigned from his position as a member of the Board of Directors of Adal Group, Inc. (the "Company"). Mr. Alleman did not resign from the Board of Directors as a result of a disagreement with the Company on any matter relating to the Company's operations, policies or practices. Mr. Alleman was Chairman of the Company's audit committee at the time of his resignation. The Board of Directors is currently considering people to appoint as a new director to fill the vacancy. 2 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. ADAL GROUP, INC. By: /s/ Nicholas Shrager ------------------------ Name: Nicholas Shrager Title: CEO and President Dated: June 13, 2006 3