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) APRIL 25, 2008
STRASBAUGH
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(Exact name of registrant as specified in its charter)
DELAWARE 000-23576 777-0057484
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
825 BUCKLEY ROAD, SAN LUIS OBISPO, CA 93401
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (805) 541-6424
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(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 (SEE General Instruction 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.
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) On April 25, 2008, the board of directors (the "Board") of Strasbaugh
(the "Company") appointed Danilo Cacciamatta as a member of the Board. Mr.
Caccimatta is a member of the Company's Audit Committee, Compensation Committee
and Nominating and Corporate Governance Committee. The Company entered into an
Indemnification Agreement with Mr. Cacciamatta in connection with his
appointment as a member of the Board. Under the Indemnification Agreement, the
Company has agreed to indemnify Mr. Cacciamatta to the fullest extent permitted
by California General Corporation Law and, in certain circumstances, to pay
expenses including attorneys' fees, judgments, fines and settlement amounts
incurred by Mr. Cacciamatta in any action or proceeding brought asserted against
Mr. Cacciamatta in his capacity as a member of the Board.
(e) Not applicable.
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: July 30, 2008 STRASBAUGH
By: /s/ Richard Nance
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Richard Nance, Chief Financial Officer