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): March 13, 2008
ZOLTEK COMPANIES, INC.
(Exact name of registrant as specified in its charter)
MISSOURI 0-20600 43-1311101
(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification
organization) Number)
3101 MCKELVEY ROAD
ST. LOUIS, MISSOURI 63044
(Address of principal executive offices) (Zip Code)
(314) 291-5110
(Registrant's telephone number, including area code)
NOT APPLICABLE
(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 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF
DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS.
On March 10, 2008, Zoltek Companies, Inc. (the "Company") entered
into an Executive Employment Agreement (the "Agreement") with Karen M.
Bomba, age 43, to serve as the Company's Chief Operating Officer. The
Company's intention to appoint Ms. Bomba was previously announced on
February 12, 2008. Under the Agreement, Ms. Bomba will receive an
annual salary of $300,000, an annual bonus opportunity and a grant of
25,000 shares of restricted stock pursuant to the Company's 2008 Long-
Term Equity Incentive Plan, which shares will vest over three years at
the rate of one-sixth of the total shares on the first anniversary of
the date of the Agreement, two-sixths on the second anniversary of the
date of the Agreement and three-sixths on the third anniversary of the
date of the Agreement. Ms. Bomba will also be entitled to participate
in the Company's standard employee benefit program, including a group
insurance program, 401(k) plan and other benefits. In the event Ms.
Bomba resigns following a change in control of the Company, Ms. Bomba is
entitled to all compensation she otherwise would have received, absent
her resignation, for the remainder of the term of the Agreement. Unless
terminated earlier by its terms, the Agreement will terminate on March
10, 2010.
As previously reported, for more than the past five years, Ms.
Bomba has served in various management positions with Messier-Bugatti
USA, including Chief Executive Officer. Messier-Bugatti USA is a
subsidiary of Messier-Bugatti, SAFRAN Group, a producer of aeronautical
braking and carbon brakes.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
None.
* * *
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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 thereunto duly authorized.
Dated: March 13, 2008
ZOLTEK COMPANIES, INC.
By /s/ Kevin Schott
------------------------
Kevin Schott
Chief Financial Officer
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EXHIBIT INDEX
Exhibit
Number Description
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None
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