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) May 29, 2008
GSE SYSTEMS, INC.
(Exact name of registrant as specified in its charter)
| Delaware | 001-14785 | 52-1868008 |
| (State or other jurisdiction | (Commission File Number) | (I.R.S. Employer |
| of incorporation) | Identification No.) |
7133 Rutherford Rd., Suite 200, Baltimore, MD 21244
(Address of principal executive office and zip code)
(410) 277-3740
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 or the registrant under any of the following provisions (see General Instructions A.2 below):
[ ] 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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective May 29, 2008, Scott Greenberg resigned from the Board of Directors of GSE Systems, Inc. (the “Company”) to pursue personal interests. During Mr. Greenberg’s tenure with the Company, the Company and Mr. Greenberg had no disagreements relating to the Company’s operations, policies or practices.
On May 29, 2008, the Board of Directors of the Company elected Jane Bryant Quinn as a Director, replacing Mr. Greenberg. Ms. Quinn is an “independent” director as defined under Section 803 of The American Stock Exchange Company Guide. Ms. Quinn is one of the nation’s leading experts on personal finance. She currently writes a monthly column for Newsweek magazine and a biweekly column for Bloomberg.com and has authored several books on personal finance.
Ms. Quinn has many awards to her credit, including an Emmy Award for outstanding coverage of news on television and the Gerald Loeb award for distinguished lifetime achievement in business and financial journalism. She has been named by the World Almanac as one of the 25 most influential women in the United States.
She served on the boards of the Harvard School of Public Health, the Jerome Levy Economics Institute of Bard College, and her alma mater, Middlebury College. She is currently a director of Bloomberg L.P., the financial services company.
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.
| GSE SYSTEMS, INC. | |
| Date: June 2, 2008 | /s/ Jeffery G. Hough |
| Jeffery G. Hough | |
| Senior Vice President and CFO |