-----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, JyHSaAHimb2azxHan/TsrovApJp2ttaJO2QxiD71uLy/nzBIUZ82EFqzAYxbYH8f nAD19p11gp/2yunDbvrRaA== 0001341004-07-002154.txt : 20070725 0001341004-07-002154.hdr.sgml : 20070725 20070725085508 ACCESSION NUMBER: 0001341004-07-002154 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070720 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: 20070725 DATE AS OF CHANGE: 20070725 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Spectrum Brands, Inc. CENTRAL INDEX KEY: 0001028985 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690] IRS NUMBER: 222423556 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13615 FILM NUMBER: 07997983 BUSINESS ADDRESS: STREET 1: 6 CONCOURSE PARKWAY STREET 2: SUITE 3300 CITY: ATLANTA STATE: GA ZIP: 30328 BUSINESS PHONE: 7708296200 MAIL ADDRESS: STREET 1: 6 CONCOURSE PARKWAY STREET 2: SUITE 3300 CITY: ATLANTA STATE: GA ZIP: 30328 FORMER COMPANY: FORMER CONFORMED NAME: RAYOVAC CORP DATE OF NAME CHANGE: 19961213 8-K 1 spectrum_8k.htm

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:

 

 

 

 

 

 

 

 

 

July 20, 2007

 

 

 

 

(Date of earliest event reported)

 

 

 

 

 

 

SPECTRUM BRANDS, INC.

 

 

 

 

(Exact Name of Registrant as Specified in Charter)

 

 

 

 

Wisconsin

 

001-13615

 

22-2423556

(State or other Jurisdiction of Incorporation)

 

(Commission File No.)

 

(IRS Employer Identification No.)

 

 

 

 

Six Concourse Parkway, Suite 3300, Atlanta, Georgia 30328

 

 

 

 

(Address of principal executive offices, including zip code)

 

 

 

 

 

 

(770) 829-6200

 

 

 

 

(Registrant's telephone number, including area code)

 

 

 

 

 

 

N/A

 

 

 

 

(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:

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-12)

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))

 

 

ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS

 

On July 25, 2007, Kenneth V. Biller, President of Global Operations of Spectrum Brands, Inc. (the "Company"), announced his retirement from the Company effective September 30, 2007.

 

In connection with Mr. Biller's retirement, the Company and Mr. Biller entered into a separation agreement, pursuant to which Mr. Biller is entitled to receive substantially the same compensation and other benefits to which he would be entitled under his Amended and Restated Employment Agreement with the Company, dated as of April 1, 2005 (the "Employment Agreement"), upon the termination by the Company "without Cause." On July 24, 2007, the separation agreement was amended to clarify that, with respect to certain of his restricted stock of the Company, such restricted stock will continue to vest as though Mr. Biller remained actively employed by the Company until December 31, 2007. The Employment Agreement was filed with the Securities and Exchange Commission as Exhibit 10.2 to the Company's Current Report on Form 8-K on April 7, 2005.

 

A copy of the press release announcing Mr. Biller's retirement is attached hereto as Exhibit 99.1.

 

Item 9.01. FINANCIAL STATEMENTS AND EXHIBITS

 

(d) Exhibits

 

99.1      Press Release dated July 25, 2007 issued by Spectrum Brands, Inc. to announce Mr. Biller's retirement.

 

2

 

 

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.

 

 

Date: July 25, 2007

SPECTRUM BRANDS, INC.

 

 

 

 

 

 

 

 

 

By:

/s/ Anthony L. Genito

 

 

Name:

Anthony L. Genito

 

 

Title:

Senior Vice President, Chief

 

 

 

Financial Officer and Chief

 

 

 

Accounting Officer

 

 

 

 

 

EXHIBIT INDEX

 

 

Exhibit

Description

99.1

Press Release dated July 25, 2007 issued by Spectrum Brands, Inc. to announce Mr. Biller's retirement.

 

 

 

 

 

 EX-99 2 spectrum_ex99-1.htm EXH. 99.1 - PRESS RELEASE

Exhibit 99.1

 

SPECTRUM BRANDS ANNOUNCES RETIREMENT OF

GLOBAL OPERATIONS EXECUTIVE

 

ATLANTA, July 25, 2007 – (SPC: NYSE) – Spectrum Brands, Inc. disclosed today that Kenneth V. Biller, President of Global Operations, has announced his retirement from the company effective September 30, 2007. Biller’s responsibilities will be assumed by other members of Spectrum’s senior management team.

 

“Ken is completing a distinguished 35 year career with Spectrum Brands during which he was integral to the company’s growth from a locally owned Midwestern battery manufacturer to a global, multi-brand consumer products company,” said Kent Hussey, Chief Executive Officer. “His expertise and leadership were instrumental to the successful integration of our acquisitions, and he most recently spearheaded the consolidation of Spectrum Brands’ Global Operations division into our Global Batteries & Personal Care, Home & Garden and Global Pet Supplies business units. Throughout his years at the company, Ken has been a relentless advocate of quality, efficiency and superior technology, and a mentor to many of our senior managers. We wish Ken all the best in his well-earned retirement.”

 

Biller, 59, joined Rayovac Corporation in 1972 and held a series of management positions in technology and manufacturing operations. He was appointed Senior Vice President of Operations in 1998 and a year later was named Executive Vice President of Operations. In 2005 he became President of Global Operations, with responsibility for nearly 6000 employees around the globe. His many accomplishments include the integration and consolidation of technology, manufacturing and supply chain operations acquired along with VARTA AG in Germany in 2002, Remington Products LLC in 2003, Brazilian battery manufacturer Microlite S.A. and Ningbo Baowang China Battery Company in 2004, and United Industries and Tetra GmbH in 2005.

 

Biller currently serves on the Dean’s Advisory Board for the University of Wisconsin’s School of Business and in recent years has served as a member of the Advisory Board for the University of Wisconsin Operations and Technology Management program. He holds a Bachelor of Science in chemical engineering and a Masters of Business Administration from the University of Wisconsin.

About Spectrum Brands, Inc.

Spectrum Brands is a global consumer products company and a leading supplier of batteries, portable lighting, lawn and garden products, household insect control, shaving and grooming products, personal care products and specialty pet supplies. Spectrum Brands' products are sold by the world's top 25 retailers and are available in more than one million stores in 120 countries around the world. Headquartered in Atlanta, Georgia, Spectrum Brands generated net sales of $2.5 billion in fiscal 2006 and has approximately 8,400 employees worldwide. The company's stock trades on the New York Stock Exchange under the symbol SPC.

 

Investor Contact:

Nancy O’Donnell

VP Investor Relations, Spectrum Brands

770-829-6208

 

Media Contact:

Sard Verbinnen & Co for Spectrum Brands

Jamie Tully

212-687-8080

 

 

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