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): August 2, 2007
Imation Corp.
(Exact name of registrant as specified in its charter)
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DELAWARE
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1-14310
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41-1838504 |
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(State or other jurisdiction
of incorporation)
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(Commission File Number)
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(IRS Employer
Identification Number) |
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1 IMATION WAY
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OAKDALE, MINNESOTA
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55128 |
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(Address of principal executive offices)
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(Zip Code) |
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Registrant’s telephone number, including area code:
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(651) 704-4000 |
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None
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(Former name or former address, if changed since last report)
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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:
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o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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o 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
Scott J. Robinson, age 40, was appointed Corporate Controller and Chief
Accounting Officer of Imation Corp. (the Company) on August 2, 2007. Mr.
Robinson will serve as the Company’s principal accounting officer, replacing
Peter A. Koehn who previously held the position of Vice President and Corporate
Controller and has now been appointed Vice President, Operations of the
Company, focusing on supply chain and sourcing. Mr. Robinson joined the
Company in March 2004 as Chief Accountant. From June 1999 to March 2004, he was
at Deluxe Corporation, a provider of various personalized printed products,
promotional products, and merchandising materials, holding the position of
Assistant Corporate Controller from August 2002 to June 2004 and Director of
Internal Audit from June 1999 to August 2002. He spent from 1988 to June 1999
at PricewaterhouseCoopers LLP, where he earned his CPA and worked in their
Minneapolis, New York and Düsseldorf, Germany offices. Mr. Robinson holds a BS
degree in Accounting.
In connection with the foregoing changes in Mr. Robinson’s responsibilities, the Compensation
Committee of the Company’s Board of Directors, approved the following changes to Mr. Robinson’s
compensation, retroactive to June 1, 2007: base salary of $185,000 and a 35% target bonus under the
Company’s 2007 Annual Bonus Plan. As previously disclosed in the Company’s Current Report on Form
8-K filed with the Securities and Exchange Commission on January 12, 2007, the payout of bonuses
under the 2007 Annual Bonus Plan will be derived through achievement of certain levels of Board
approved performance versus targets for revenue attainment, operating income and free cash flow.
Other than as described herein, there are no arrangements or understandings between Mr. Robinson
and any other persons pursuant to which Mr. Robinson was selected as Corporate Controller and Chief
Accounting Officer of the Company. Mr. Robinson does not have a direct or indirect material
interest in any currently proposed transaction to which the Company is to be a party in which the
amount involved exceeds $120,000, nor has Mr. Robinson had a direct or indirect material interest
in any such transaction since the beginning of the Company’s last fiscal year.
SIGNATURE
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.
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Imation Corp.
(REGISTRANT)
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Date: August 8, 2007 |
By: |
/s/ Paul R. Zeller
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Paul R. Zeller |
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Vice President and Chief Financial Officer |
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