sec document
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 10, 2005
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SL INDUSTRIES, INC.
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(Exact name of registrant as specified in charter)
NEW JERSEY 1-4987 21-0682685
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
520 Fellowship Road, Suite A114, Mount Laurel, New Jersey 08054
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (856) 727-1500
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N/A
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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 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
On August 10, 2005, SL Industries, Inc., a New Jersey corporation (the
"Company") announced its financial results for the quarter ended March 31, 2005.
A copy of the press release is furnished as EXHIBIT 99.01.
The information furnished pursuant to this Item 2.02 of this Current Report
on Form 8-K, including EXHIBIT 99.01 hereto, shall not be considered "filed" for
purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or
otherwise subject to the liability of such section, nor shall it be incorporated
by reference into future filings by the Company under the Securities Act of
1933, as amended, or under the Securities Act of 1934, as amended, unless the
Company expressly sets forth in such future filing that such information is to
be considered "filed" or incorporated by reference therein.
ITEM 5.02. DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF
DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS.
On August 12, 2005, the Board of Directors of the Company elected James
Taylor as President and Chief Executive Officer of the Company. At the meeting,
Warren Lichtenstein voluntarily resigned as the Chief Executive Officer of the
Company, but will continue to serve as Chairman. Glen Kassan, who previously
served as President, will become Vice Chairman of the Board. The Board of
Directors accepted the resignation of Messrs. Lichtenstein and Kassan. A copy of
the press release announcing such actions is attached hereto as EXHIBIT 99.02
and is incorporated by reference herein.
Mr. Taylor's appointment as President and Chief Executive Officer was
effective August 12, 2005. Mr. Taylor, 40, has served as Chief Operating Officer
and Executive Vice President of the Company since January 2004, and previously
served as the President of the Company's Power Electronics Group since August
2002, and as President of the Company's subsidiary, Teal Electronics Corp.,
since January 2000. From September 1997 to December 1999, Mr. Taylor was
President of Transicoil, a division of Horizon Aerospace, LLC, a privately held
company specializing in military aerospace and medical motors.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
Exhibit No. Exhibits
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99.01 Press Release dated August 10, 2005.
99.02 Press Release dated August 15, 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.
SL INDUSTRIES, INC.
(Registrant)
Date: August 15, 2005
By: /s/ David R. Nuzzo
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Name: David R. Nuzzo
Title: Vice President and Chief Financial
Officer