-----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, DDTvL1/uoxn+zvr8Vl2J+xrAku15EzpHiYyb8VdEnABSutmjhBf8DR1ZDk1sal5S bmOcGsXgQRUAw0GTfww1jQ== 0001181431-05-041423.txt : 20050721 0001181431-05-041423.hdr.sgml : 20050721 20050721171631 ACCESSION NUMBER: 0001181431-05-041423 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050720 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: 20050721 DATE AS OF CHANGE: 20050721 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LEARNING TREE INTERNATIONAL INC CENTRAL INDEX KEY: 0001002037 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200] IRS NUMBER: 953133814 STATE OF INCORPORATION: DE FISCAL YEAR END: 1001 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-27248 FILM NUMBER: 05966945 BUSINESS ADDRESS: STREET 1: 6053 W CENTURY BLVD CITY: LOS ANGELES STATE: CA ZIP: 90045 BUSINESS PHONE: 3104179700 MAIL ADDRESS: STREET 1: 6053 W CENTURY BLVD CITY: LOS ANGELES STATE: CA ZIP: 90045 8-K 1 rrd86346.htm Prepared By R.R. Donnelley Financial -- Form 8-K
 
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):  07/20/2005
 
LEARNING TREE INTERNATIONAL INC
(Exact Name of Registrant as Specified in its Charter)
 
Commission File Number:  -
 
DE
  
(State or Other Jurisdiction of
  
(I.R.S. Employer
Incorporation or Organization)
  
Identification No.)
 
6053 W. Century Boulevard, Los Angeles, CA 90045-0028
(Address of Principal Executive Offices, Including Zip Code)
 
310-417-9700
(Registrant’s Telephone Number, Including Area Code)
 
(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(17CFR240.14a-12)

[  ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17CFR240.14d-2(b))

[  ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17CFR240.13e-4(c))
 

Items to be Included in this Report

 
Item 5.02.    Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
 
On July 20, 2005, Learning Tree International, Inc. ("Learning Tree") announced that LeMoyne T. Zacherl, age 52, has joined Learning Tree as its Chief Financial Officer. A copy of the press release is filed as Exhibit 99.1 to this Current Report and is incorporated herein by reference. Mr. Zacherl served as Chief Financial Officer and Treasurer of SatoTravel, Inc., a global travel management service company, from 2002 to the present, and as Chief Financial Officer of Evive Corporation, a biometric access security company, during the first half of 2002. From 1999 to 2002. Mr. Zacherl was Vice President, Finance of Savvis Communications Corporation, a global IT utility services provider. Before that time, from 1987 to 1999, Mr. Zacherl held senior financial positions with other businesses including WorldSpace Corporation and Loral Space and Communications (Loral Orion). None of the foregoing companies is or was a subsidiary or affiliate of Learning Tree.

Mr. Zacherl is employed as Chief Financial Office r of Learning Tree pursuant to an employment agreement, effective as of July 20, 2005. Mr. Zacherl is an at-will employee, will be paid $210,000 in base compensation and will be granted options to purchase 50,000 shares of Learning Tree's common stock vesting over four (4) years, at fair market value on the date of the grant. For the year ended September 30, 2006, Mr. Zacherl will be eligible to receive an annual incentive bonus up to $66,000, with Mr. Zacherl's actual bonus to be determined by the compensation committee of Learning Tree's Board of Directors. It is anticipated that the structure of incentive bonus awards for fiscal year 2006 will be similar to fiscal year 2005, which is based on: revenue performance, profitability, quality performance and the successful completion of Learning Tree's Sarbanes-Oxley Act project under Rule 404.

 
 
Item 9.01.    Financial Statements and Exhibits
 
(c) Exhibits.

        99.1 Press release dated July 20, 2005, announcing the hiring of LeMoyne T. Zacherl as Chief Financial Officer.

 

 

Signature(s)
 
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.
 
      
 
LEARNING TREE INTERNATIONAL INC
 
 
Date: July 20, 2005.
     
By:
 
/s/    Nicholas R. Schacht
               
Nicholas R. Schacht
               
President
 
 

 

Exhibit Index
 
Exhibit No.
  
Description
EX-99.1
  
Exhibit 99.1 Press Release
EX-99.1 2 rrd86346_6886.htm EXHIBIT 99.1 PRESS RELEASE Exhibit 99

Exhibit 99.1

Press Release

Learning Tree International Names LeMoyne T. Zacherl as Chief Financial Officer

Wednesday July 20, 4:30 pm ET

LOS ANGELES--(BUSINESS WIRE)--July 20, 2005--Learning Tree International (NASDAQ: LTRE -- News) announced today that LeMoyne T. Zacherl has joined the company as its Chief Financial Officer. Zacherl will direct Learning Tree's worldwide Finance and Accounting operations from its Reston, Virginia offices.

LeMoyne Zacherl previously served as Chief Financial Officer of Sato Travel and of Evive Corporation, having held senior financial positions with other businesses including Savvis Communications, Worldspace Corporation, and Loral Orion Space and Communications. Zacherl holds a B.S. degree from Gannon University and became a Certified Public Accountant during his 12 years with PriceWaterhouseCoopers, LLP.

"LeMoyne Zacherl brings a broad range of experience with international public companies, and we are pleased to have him as a member of our management team," stated Learning Tree President Nicholas Schacht.

Learning Tree International is a leading worldwide provider of vendor-independent education and training to IT professionals and managers in business and government organizations. The Company develops, markets and delivers a broad, proprietary library of instructor-led courses focused on Web development, operating systems, programming languages, databases, computer networks, computer and network security, object-oriented technology, applied management, project management and key business skills. The Company also tests and certifies technology and business professionals, and Learning Tree courses are recommended for college credit by the American Council on Education. In addition, Learning Tree is on the National Association of State Boards of Accountancy National Registry of CPE sponsors and is a Registered Education Provider of the Project Management Institute (PMI). For more information about Learning Tree products and services, call 1-800-THE-TREE (1-800-843-8733), or visit our Web site at www.learning tree.com.

Contact:

Learning Tree International

Mary C. Adams, 310-342-2229

madams@learningtree.com

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