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): August 4, 2006
POLYPORE, INC.
(Exact Name of Registrant as Specified in Its Charter)
| | | | | |
| Delaware | | 333-119224 | | 57-1006871 |
| | | | | |
| (State or Other Jurisdiction | | (Commission | | (IRS Employer |
| of Incorporation) | | File Number) | | Identification No.) |
| | | |
| 13800 South Lakes Drive, Charlotte, NC | | 28273 |
| | | |
| (Address of Principal Executive Offices) | | (Zip Code) |
(704) 587-8409
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(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:
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 240.14-12)
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.
As previously announced, Stefan Geyler’s employment as Vice President and General Manager of Polypore, Inc.’s subsidiary, Membrana, GmbH, was terminated effective May 4, 2006. Membrana, GmbH finalized on August 4, 2006 an agreement with Mr. Geyler in connection with such termination (the “Agreement”). Pursuant to the Agreement, Membrana, GmbH will make payments totaling approximately €335,000 and $48,500 to Mr. Geyler for salary through June 2007 (the mandatory German statutory notice period), severance pay and the repurchase of certain equity interests in Polypore International, Inc. and its affiliates. Mr. Geyler will also receive customary outplacement services.
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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.
| | | |
| | | POLYPORE, INC. |
| | | |
| Date: August 10, 2006 | | /s/ Lynn Amos |
| | | |
| | | Lynn Amos
Chief Financial Officer |
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