UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
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): | | August 2, 2006 |
USEC Inc.
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(Exact name of registrant as specified in its charter)
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| Delaware | 1-14287 | 52-2107911 |
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(State or other jurisdiction | _____________
(Commission | ______________
(I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
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| 2 Democracy Center, 6903 Rockledge Drive, Bethesda, Maryland | | 20817 |
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(Address of principal executive offices) | | ___________
(Zip Code) |
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| Registrant’s telephone number, including area code: | | (301) 564-3200 |
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))
Item 1.01 Entry into a Material Definitive Agreement.
EXPLANATORY NOTE
Pursuant to Instruction 2 to Item 5.02 of Form 8-K, this Form 8-K/A amends Items 1.01 and 5.02 of the Current Report on Form 8-K filed by USEC Inc. ("USEC" or the "Company") with the Securities and Exchange Commission on August 2, 2006 to describe an at-will employment arrangement between the Company and John C. Barpoulis which was approved by the Compensation Committee of the Board of Directors of the Company on September 8, 2006.
The information required by this Item 1.01 with respect to John C. Barpoulis’ at-will employment arrangement is incorporated by reference from Item 5.02 below.
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
Appointment of Chief Financial Officer
On August 2, 2006, John C. Barpoulis was appointed senior vice president, chief financial officer and treasurer of the Company. Mr. Barpoulis, age 41, has served as interim chief financial officer since February 2006 and prior to that served as the Company’s vice president and treasurer. Mr. Barpoulis joined USEC in March 2005. Prior to joining USEC, Mr. Barpoulis was vice president and treasurer of National Energy & Gas Transmission, Inc., formerly a subsidiary of PG&E Corp., from 2003 to 2005, and vice president and assistant treasurer from 2000 to 2003.
In connection with Mr. Barpoulis’ appointment as senior vice president, chief financial officer and treasurer of USEC, Mr. Barpoulis’ base salary was increased to $340,000 per year. In addition, on September 8, 2006 the Compensation Committee approved the at-will employment arrangement with Mr. Barpoulis described in Exhibit 10.1 to this Form 8-K/A, which is incorporated herein b y reference.
A copy of the press release announcing the appointment of Mr. Barpoulis is attached as Exhibit 99.1
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number--Description
10.1--Summary of Employment Arrangement for Chief Financial Officer.
99.1--Press release, dated August 2, 2006, issued by USEC Inc. announcing the appointment of John C. Barpoulis as chief financial officer.
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.
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| | | USEC Inc. |
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| September 11, 2006 | | By: | | /s/ Timothy B. Hansen
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| | | | | Name: Timothy B. Hansen |
| | | | | Title: Senior Vice President, General Counsel and Secretary |
Exhibit Index
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| Exhibit No. | | Description |
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|
10.1 | | Summary of Employment Arrangement for Chief Financial Officer |
99.1 | | Press release, dated August 2, 2006, issued by USEC Inc. announcing the appointment of John C. Barpoulis as chief financial officer. |
