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) FEBRUARY 4, 2008
ENVIRONMENTAL SOLUTIONS WORLDWIDE, INC
(EXACT NAME OF COMPANY AS SPECIFIED IN ITS CHARTER)
FLORIDA 000-30932 13-4172059
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(STATE OR OTHER JURISDICTION) (COMMISSION FILE NUMBER) (I.R.S. EMPLOYER
OF INCORPORATION) IDENTIFICATION)
335 CONNIE CRESCENT, CONCORD, ONTARIO, CANADA L4K 5R2
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (905) 695-4142
N/A
(Former name or former address, if changed since last report)
|_| Written communication 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 40.13e-4(c))
ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF PRINCIPAL OFFICERS.
(b) Effective February 4, 2008, the Company and Mr. Joey Schwartz entered into a
consulting agreement (the "Consulting Agreement") whereby Mr. Schwartz will
serve as a consultant to the Company on special projects and will provide advice
on compliance, due diligence, regulatory and business matters. Effective with
the Consulting Agreement, Mr. Schwartz will no longer serve as the Company's
Chief Financial Officer. Mr. Schwartz will continue to serve as a member of the
Company's Board of Directors.
(c) Effective February 4, 2008, the Company appointed Praveen Nair to serve as
the Company's Chief Accounting Officer. Mr. Nair joined the Company in May 2005
and served in the position of Assistant to the Chief Financial Officer
supporting the Company's Chief Financial Officer in day-to-day operations. In
May 2006 he was promoted to Controller for the Company's wholly owned
subsidiaries, ESW America Inc. and ESW Canada Inc. Prior to joining the Company,
Mr. Nair was with e-Serve International Ltd, a Citigroup company from December
2000 through January 2005 where he served as a Deputy Manager in the Business
Development and Migrations Unit and subsequently as Manager and Senior Manager
where he was responsible for feasibility studies and regionalizing Operations
from Countries in Europe, USA and Africa into regional processing centers in
Mumbai and Chennai in India. Mr. Nair has a Bachelors Degree in Commerce with
specialization in Accounting and a Masters Degree in Finance from Faculty of
Management Studies, Collage of Materials Management, Jabal Pur, India.
Effective February 4, 2008, the Company appointed Stefan Boekamp to
serve as the Company's Vice President of Operations. Mr. Boekamp joined the
Company in July 2005 as the Plant Manager of the Company's wholly owned
subsidiary, ESW Canada Inc. Prior to joining the Company, Mr. Boekamp ran
several machine building companies in Europe engaged in tooling and specialized
equipment design and building between 1971 and 1983. From 1983 to 1992 he served
as a General Manager and Vice President of Operations for Magna International.
He was the President and CEO of Evermore Automation, an industrial magnet and
automated equipment manufacturer between 1992 and 2005. Mr. Boekamp has a
Masters Degree in Tool & Die Making, equivalent to a Professional Engineer
Degree and an MBA in Business Administration from Handwerskammer
Ostwetfalen-Lippe Zu Bielefeld, Bielefeld, Germany.
SIGNATURES
Pursuant to the requirement 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.
ENVIRONMENTAL SOLUTIONS WORLDWIDE INC.
Date: February 8, 2008
By: /s/ David J. Johnson
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Chief Executive Officer and President