UNITED STATES
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SECURITIES AND EXCHANGE COMMISSION
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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 17, 2005
COMMISSION FILE NUMBER: 1-5555
WELLCO ENTERPRISES, INC.
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(Exact name of registrant as specified in charter)
NORTH CAROLINA 56-0769274
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(State of Incorporation) ( I.R.S. Employer Identification No.)
150 Westwood Circle, P.O. Box 188, Waynesville, NC 28786
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(Address of Principal Executive Office)
Registrant's telephone number, including area code 828-456-3545
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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 5.02 (d) Departures of Directors or Principal Officers; Election of
Directors; Appointment of Principal Officers;
On August 17, 2005 Sarah E. Lovelace was elected to serve the unexpired term of
deceased Wellco Director James T. Emerson. Ms. Lovelace, who was the sister of
Mr. Emerson, is the sole Executor of the Estate of James T. Emerson. The Estate
includes 747,084 shares of the common shares of Wellco, representing 58.8% of
the total issued and outstanding common shares of Wellco.
Ms. Lovelace will serve on the Compensation Committee of the Board of Directors.
Ms. Lovelace is the mother of Wellco Director Mr. John D. Lovelace.
Ms. Lovelace will serve until the November 15, 2005 Annual Meeting of Wellco
shareholders at which all nine members of its Board of Directors will be elected
for a one-year term.
SIGNATURE
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.
WELLCO ENTERPRISES, INC.
/s/ David Lutz
David Lutz
President - Chief Executive Office
Dated: August 22, 2005
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