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 17, 2005
-----------------
C&D Technologies, Inc.
--------------------------------
(Exact name of registrant as specified in its charter)
Delaware 1-9389 13-3314599
- ---------------- ------------------------ --------------
(State or other (Commission file number) (IRS employer
jurisdiction of identification
incorporation) no.)
1400 Union Meeting Road,
Blue Bell, Pennsylvania 19422
- --------------------------------------- ----------
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (215) 619-2700
--------------
N/A
----------------------------------------
(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.
The arrangements discussed under Item 5.02 are incorporated into this Item
1.01 by reference.
Item 5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers.
On August 17, 2005, C&D Technologies, Inc. ("C&D") announced the
resignation of Stephen E. Markert, Jr., Vice President, Finance and Chief
Financial Officer. Mr. Markert's resignation will take effect following a
transition period ending no earlier than October 14, 2005 and no later than
December 10, 2005. Assuming the satisfactory completion of certain assigned
duties during the transition period, Mr. Markert will be paid the sum of
$100,000, net of standard deductions, and up to $10,000 for pre-approved
outplacement services, in addition to his regular salary payments during the
transition period, and a severance payment equal to one year of his salary and
certain vested benefits, as provided for by the terms of Mr. Markert's executive
employment agreement dated March 31, 2000. Upon termination of his employment,
Mr. Markert will be bound by certain non-competition and non-solicitation
obligations and will be required to execute a release.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits.
The following exhibit is filed herewith:
Exhibit No. Description
99.1 Press release issued by C&D Technologies, Inc.
(the "Company") dated August 17, 2005.
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.
C&D TECHNOLOGIES, INC.
Date: August 17, 2005 By: /s/ Linda R. Hansen
---------------------------------------
Linda R. Hansen, Vice President,
General Counsel and Corporate Secretary
EXHIBIT INDEX
Exhibit
Number Description
99.1 Press release dated August 17, 2005, issued by the Company.