-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TpBwHzm8cjlovLoa7S5eUo6+l7fvxWgzCQNcCYGq3WVqHZpIb7FqasyP2jg+AT26 ZeDAT9AL4erzEVn/6G8CDw== 0000897101-07-002022.txt : 20071001 0000897101-07-002022.hdr.sgml : 20071001 20071001122249 ACCESSION NUMBER: 0000897101-07-002022 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20070927 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20071001 DATE AS OF CHANGE: 20071001 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COMMUNICATIONS SYSTEMS INC CENTRAL INDEX KEY: 0000022701 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 410957999 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31588 FILM NUMBER: 071144892 BUSINESS ADDRESS: STREET 1: 213 S MAIN ST CITY: HECTOR STATE: MN ZIP: 55342 BUSINESS PHONE: 3208486231 MAIL ADDRESS: STREET 1: 213 MAIN STREET STREET 2: P O BOX 777 CITY: HECTOR STATE: MN ZIP: 55342 8-K 1 csi073953_8k.htm FORM 8-K DATED SEPTEMBER 27, 2007 COMMUNICATIONS SYSTEMS, INC. FORM 8-K Dated September 27, 2007
 
 

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): September 27, 2007

 


COMMUNICATIONS SYSTEMS, INC.

(Exact name of Registrant as specified in its charter)

 

Minnesota

001-31588

41-0957999

(State or other jurisdiction of incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

 

213 South Main Street
Hector, MN

 

55342

(Address of principal executive offices)

(Zip Code)

 

Registrant’s telephone number, including area code (320) 848-6231

 


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):

 

 

o

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-2)

 

 

o

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 

o

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 


 
 



Sections 1-4, 6-8 are not applicable and therefore omitted

 

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)

Communications Systems, Inc. (“CSI”) announced on September 27, 2007 that Paul N. Hanson, CSI’s Vice President and Chief Financial Officer, will retire at the end of 2007 and will conclude his employment with the Company in April 2008. From January to April 2008 Mr. Hanson will continue as an employee of the Company to assist his successor, who is named in sub-paragraph (c) (i) below, in transitional issues. The press release announcing Mr. Hanson’s retirement is attached as Exhibit 99.1.

 

(c)

(i)         CSI also announced on September 27, 2007 that David T. McGraw, currently serving as the President and General Manager of CSI’s Suttle subsidiary, will succeed Paul Hanson as Chief Financial Officer effective January 1, 2008. From October through December 2007 Mr. McGraw will begin the transition to his new position while continuing as Suttle’s General Manager. The announcement of Mr. McGraw’s appointment is included in the press release attached as Exhibit 99.1.

 

(ii)        CSI announced on September 28, 2007 that William G. Schultz has been appointed Executive Vice President and General Manager of its Transition Networks, Inc. subsidiary effective October 1, 2007. Mr. Schultz has served as interim General Manger of Transition Networks since July 2007 and has been its Vice President of Marketing for six and a half years. The press release announcing Mr. Schultz’s appointment is attached as Exhibit 99.2.

 

(d)

Not applicable.

 

(e)

Not applicable.

 

 

ITEM 9.01

FINANCIAL STATEMENTS AND EXHIBITS

 

(d)

Exhibits

 

The following are filed as exhibits to this Current Report:

 

Exhibit No.

 

Description of Exhibit

 

 

 

99.1

 

Press Release issued September 27, 2007

 

 

 

99.2

 

Press Release issued September 28, 2007

 




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.

 

 

 

 

COMMUNICATIONS SYSTEMS, INC.

 

By: 


/s/ Paul N. Hanson

 

 

 

Paul N. Hanson

Its:  Chief Financial Officer

 

Dated:  September 28, 2007

 










EX-99.1 2 csi073953_ex99-1.htm PRESS RELEASE DATED SEPTEMBER 27, 2007 COMMUNICATIONS SYSTEMS, INC. Exhibit 99.1 to FORM 8-K Dated September 27, 2007

Exhibit 99.1

For Immediate Release

 

Contact:

Jeffrey K. Berg, President and Chief Executive Officer

Paul N. Hanson, Vice President – Finance

Telephone – (320) 848-6231

 

COMMUNICATIONS SYSTEMS ANNOUNCES CFO PAUL HANSON TO RETIRE

 

Hector, MN ---- September 26, 2007 ---- Communications Systems, Inc. (AMEX: JCS) (“CSI”) announced today that Paul N. Hanson will retire as the CSI’s Vice President and Chief Financial Officer at the end of 2007 and will conclude his employment with the Company in April 2008. The Company also announced that David T. McGraw, currently the President and General Manager of CSI’s Suttle subsidiary, will succeed Mr. Hanson as CFO effective January 1, 2008. From October through December 2007 Mr. McGraw will begin the transition to his new position while continuing as Suttle’s General Manager. After January 1 Mr. Hanson will continue as an employee of the Company until April to assist Mr. McGraw in transitional issues.

 

Jeffrey K Berg, CSI’s President and Chief Executive Officer, stated that: “More than 25 years ago Paul joined the Company as our Vice President – Finance and Chief Financial Officer. In addition to fulfilling his primary responsibilities with distinction, Mr. Hanson has had a leading role in numerous acquisitions, dispositions, public offerings, spin-offs, establishing of foreign operations and other assignments. Mr. Hanson has also had a key role in building the friendly and respectful environment that exists within the CSI family.”

 

Mr. Berg added, “We are pleased Dave McGraw will be our new Chief Financial Officer. Dave is well versed in finance based on his education and past work experience. Combined with his successful leadership of Suttle for the last five years, prior executive experience at our JDL Technologies subsidiary, and familiarity with other CSI divisions, Dave will bring a great wealth of understanding and experience that will be invaluable as we strive to continue to move the Company forward. While Dave’s promotion to CFO creates a vacancy at Suttle, we believe the process of finding a worthy successor will be completed by year end.”

 

About Communications Systems, Inc.

 

CSI provides physical connectivity infrastructure and services for cost-effective broadband solutions and is a leading supplier of voice grade connecting devices and wiring systems. CSI serves the broadband market as the world’s leading supplier of media conversion technology, which permits networks to deploy fiber optic technology while retaining the copper-based infrastructure already embedded in the network. CSI also supplies copper wire and fiber optic structured wiring systems for broadband networks and line filters for digital subscriber line (“DSL”) service. CSI also provides network design, training and management services.

 

Cautionary Statement: From time to time, in reports filed with the Securities and Exchange Commission, in press releases, and in other communications to shareholders or the investing public, the Company may make forward-looking statements concerning possible or anticipated future financial performance, business activities, plans, pending claims, investigations or litigation which are typically preceded by the words “believes”, “expects”, “anticipates”, “intends” or similar expressions. For such forward-looking statements, the Company claims the protection of the safe harbor for forward-looking statements contained in federal securities laws. Shareholders and the investing public should understand that such forward looking statements are subject to risks and uncertainties which could cause actual performance, activities or plans to differ significantly from those indicated in the forward-looking statements.

 



EX-99.2 3 csi073953_ex99-2.htm PRESS RELEASE DATED SEPTEMBER 28, 2007 COMMUNICATIONS SYSTEMS, INC. Exhibit 99.2 to FORM 8-K Dated September 27, 2007

Exhibit 99.2

 

For Immediate Release

 

Contact:

Jeffrey K. Berg, President and Chief Executive Officer

Paul N. Hanson, Vice President – Finance

Telephone – (320) 848-6231

 

COMMUNICATIONS SYSTEMS ANNOUNCES WILLIAM SCHULTZ TO BECOME
EXECUTIVE V. P. AND GENERAL MANAGER OF TRANSITION NETWORKS, INC.

 

Hector, MN ---- September 28, 2007 ---- Communications Systems, Inc. (AMEX: JCS, “CSI”) announced today that William G. Schultz has been appointed Executive Vice President and General Manager of its Transition Networks, Inc. subsidiary effective October 1, 2007. Mr. Schultz has served as interim General Manger of Transition Networks since July 2007 and has been its Vice President of Marketing for six and a half years.

 

Jeffrey K. Berg, CSI’s President and Chief Executive Officer, stated: “We are very excited that Bill Schultz will be leading our Transition Networks business unit. In addition to his wealth of knowledge and experience with Transition’s customers, products and employees, Bill will bring a fresh leadership perspective which we believe will facilitate future profitable growth.”

 

About Communications Systems, Inc.

 

CSI provides physical connectivity infrastructure and services for cost-effective broadband solutions and is a leading supplier of voice grade connecting devices and wiring systems. CSI serves the broadband market as the world’s leading supplier of media conversion technology, which permits networks to deploy fiber optic technology while retaining the copper-based infrastructure already embedded in the network. CSI also supplies copper wire and fiber optic structured wiring systems for broadband networks and line filters for digital subscriber line (“DSL”) service. CSI also provides network design, training and management services.

 

Cautionary Statement: From time to time, in reports filed with the Securities and Exchange Commission, in press releases, and in other communications to shareholders or the investing public, the Company may make forward-looking statements concerning possible or anticipated future financial performance, business activities, plans, pending claims, investigations or litigation which are typically preceded by the words “believes”, “expects”, “anticipates”, “intends” or similar expressions. For such forward-looking statements, the Company claims the protection of the safe harbor for forward-looking statements contained in federal securities laws. Shareholders and the investing public should understand that such forward looking statements are subject to risks and uncertainties which could cause actual performance, activities or plans to differ significantly from those indicated in the forward-looking statements.

 



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