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) October 1, 2007
Standard Parking Corporation
(Exact name of registrant as specified in its charter)
Delaware | |
000-50796 | |
16-1171179 |
(State or other jurisdiction
of incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
| |
900 N. Michigan Avenue, Suite 1600
Chicago, Illinois | |
60611 | |
| | (Address of principal executive offices) | | (Zip Code) | |
Registrant's telephone number, including area code: (312) 274-2000
________________________________________________________________________________
(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(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 Principal Officers; Election of Directors; Appointment of Principal Officers.
On October 1, 2007, Standard Parking Corporation issued a press release announcing that it has appointed Thomas L. Hagerman to the position of Executive Vice President and Chief Operating Officer. The appointment is effective October 1, 2007. A copy of the Company's press release is attached hereto as Exhibit 99 and is hereby incorporated by reference.
Mr. Hagerman, 46, has served as the Executive Vice President of Operations for the Company's Central Division since July 2004 and as a Senior Vice President of the Company from March 1998 through June 2004. He received his B.A. degree in marketing from The Ohio State University in 1984, and a B.A. degree in business administration and finance from Almeda University in 2004.
In connection with his promotion, the Company and Mr. Hagerman have modified the terms of his Amended and Restated Executive Employment Agreement dated March 1, 2005 (the "Agreement"). Pursuant to the First Amendment to the Amended and Restated Executive Employment Agreement dated October 1, 2007 (the "Amendment"), Mr. Hagerman's base salary has been increased to $357,000 annually, and his new title will be Executive Vice President, Chief Operating Officer. In addition, Mr. Hagerman's Target Annual Bonus has been increased from $93,000 to $120,000 on a pro rata basis. Except to the extent it is expressly modified by the Amendment, the Agreement remains in full force and effect in strict accordance with its terms.
Item 9.01. Financial Statements and Exhibits.
99.1 Press Release dated October 1, 2007
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | | Standard Parking Corporation
(Registrant)
|
October 1, 2007
(Date) | | /s/ G. MARC BAUMANN
G. Marc Baumann
Chief Financial Officer |
| | Exhibit Index |
| | 99.1 | Press release dated October 1, 2007 |
