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) March 12, 2007 (March 8, 2007)
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Baldwin Technology Company, Inc.
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(Exact Name of Registrant as Specified in Its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
1-9334 13-3258160
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(Commission File Number) (IRS Employer Identification No.)
Two Trap Falls Road, Suite 402, Shelton, CT 06484
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(Address of Principal Executive Offices) (Zip Code)
203-402-1000
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(Registrant's Telephone Number, Including Area Code)
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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
On March 8, 2007, Baldwin Technology Company, Inc. (the "Company")
announced that John P. Jordan, age 61, was appointed Vice President, Chief
Financial Officer and Treasurer of the Registrant effective March 8, 2007.
Details of this announcement are contained in the press release of the
Company dated March 8, 2007, and filed with this Current Report on Form 8-K as
Exhibit 99.1, which is incorporated herein by this reference.
In conjunction with Mr. Jordan's appointment, on March 8, 2007, the Company
entered into an employment agreement with Mr. Jordan dated February 22, 2007 but
effective March 8, 2007.
In accordance with said employment agreement, the Company shall pay to Mr.
Jordan, among other things, an annual base salary in the amount of $250,000, a
sign-on bonus in the amount of $50,000, incentive compensation under the
Company's Management Incentive Compensation Plan, and supplemental retirement
benefits, all as more completely described in the agreement.
The Company confirms, as required by regulations under the Securities
Exchange Act of 1934, that (1) there is no family relationship between Mr.
Jordan and any director or executive officer of the Company, (2) there was no
arrangement or understanding between Mr. Jordan and any other person pursuant to
which he was appointed as Vice President, Chief Financial Officer and Treasurer,
and (3) there is no transaction between Mr. Jordan and the Company that would
require disclosure under Item 404(a) of Regulation S-K.
Item 9.01 Financial Statements and Exhibits
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(d) Exhibits
10.01 Employment agreement dated February 22, 2007 between
John P. Jordan and Baldwin Technology Company, Inc.,
effective March 8, 2007 (filed herewith).
99.1 Press release entitled "John Jordan named CFO of
Baldwin" dated March 8, 2007 and issued by the Company
on March 8, 2007 (filed herewith).
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned, hereunto duly authorized.
BALDWIN TECHNOLOGY COMPANY, INC.
(Registrant)
By: /s/ Leon Richards
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Name: Leon Richards
Title: Controller (Chief Accounting Officer)
Dated: March 12, 2007
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