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): August 27, 2004
SMTEK INTERNATIONAL, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware | | 1-08101 | | 33-0213512 |
(State or Other
Jurisdiction
of Incorporation) | | (Commission
File Number) | | (IRS Employer
Identification No.) |
| | | | |
200 Science Drive
Moorpark, California | | 93021 |
(Address of Principal Executive Offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (805) 532-2800
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Item 1.02. Termination of a Material Definitive Agreement
On August 27, 2004, Edward Smith, the Company’s Chief Executive Officer and President, resigned from his executive officer positions effective September 20, 2004. Mr. Smith will continue as a member of the Board of Directors. As a result of Mr. Smith’s resignation, Mr. Smith’s Employment Agreement will also terminate as of September 20, 2004. Under Mr. Smith’s Employment Agreement, which was dated effective July 1, 2004, Mr. Smith received an annual salary of $250,000 and annual bonus at the discretion of the compensation committee of the board of directors.
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
On August 27, 2004, Edward Smith, the Company’s Chief Executive Officer and President, resigned from his executive officer positions effective September 20, 2004. As a result, Mr. Smith’s Employment Agreement will also terminate as of September 20, 2004. Mr. Smith will continue as a member of the Board of Directors. SMTEK’s board of directors has designated Kirk Waldron, currently the Company’s Senior Vice President and Chief Financial Officer, as interim President.
Item 7.01. Regulation FD Disclosure.
On August 31, 2004, SMTEK International, Inc. issued a press release to report the resignation of its Chief Executive Officer and President and the appointment of an interim President. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits
99.1 | | Press Release of SMTEK International, Inc. dated August 31, 2004. |
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.
Date: September 1, 2004
| SMTEK INTERNATIONAL, INC. |
| |
| |
| By: | /s/ Kirk A. Waldron | |
| Name: | Kirk A. Waldron |
| Its: | Senior Vice President |
| | Chief Financial Officer |
3
EXHIBIT INDEX
Exhibit Number | | Description |
| | |
99.1 | | Press release of SMTEK International, Inc. dated August 31, 2004. |
4
