Unassociated Document
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): March 8, 2007
HERITAGE
WORLDWIDE, INC.
(Exact
Name of Registrant as Specified in Charter)
|
Delaware
|
000-28277
|
13-4196258
|
|
(State
or Other Jurisdiction of
|
(Commission
File No.)
|
(IRS
Employer Identification No.)
|
|
Incorporation)
|
|
|
337
Avenue de Bruxelles
83507
La
Seyne-Sur-Mer (France)
(Address
of Principal Executive Offices)
(011)
(33) 494-109810
(Registrant’s
telephone number, including area code)
Not
Applicable
(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 Instructions 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-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 Principal Officers; Election of Directors; Appointment of
Principal Officers.
On
January 27, 2007, Alain Sereyjol Garros, a member of the Board of Directors
(the
“Board”) of Heritage Worldwide, Inc. (the “Company”) since March 2003 and the
Company’s Chief Executive Officer since October 2004, passed away.
In
order
to fill the vacancy on the Board of Directors resulting for Mr. Sereyjol’s
death, Claude Couty, age 55, was appointed to the Board on March 8, 2007.
Mr.
Couty will continue to serve as the Chief Financial Officer and General Manager
of the Company. Mr. Couty has been the Chief Financial Officer and the General
Manager of the Company since January 2004. From 1998 to September 2003, Mr.
Couty served as Chief Financial Officer of Compagnie Europeenne De Casinos,
a
European casino owner and operator.
As
a
result of Mr. Sereyjol’s death, Jean-Claude Mas, age 67, was appointed Chief
Executive Officer of the Company on March 9, 2007. Mr. Mas will continue to
serve as the Chairman of the Board of the Company. Mr. Mas has been a member
of
the Board since March 2003, has been Chairman of the Board since April 2003,
and
was the Chief Executive Officer of the Company from April 2003 through October
2004. Mr. Mas has been the Chairman of Poly Implants Protheses, S.A., a French
limited liability entity, and its wholly owned subsidiary PIP Espagne, since
1998.
The
Company leases its headquarters, offices, and manufacturing facility from a
real
estate holding company, SCI Lucas, in which the Company holds an interest of
38.05% pursuant to the lease agreements. Mr. Mas holds an interest of
approximately 31% in SCI Lucas. Each lease expires in November 2009. The leases
are renewable automatically unless the Company cancels the leases six months
prior to the renewal date. The Company paid rent and incurred rental expense
to
SCI Lucas of approximately $407,000 and $212,000 during fiscal year 2006 and
the
six months ended December 31, 2006, respectively. The approximate dollar value
of Mr. Mas’s interest in the transaction, computed without regard to the amount
of profit or loss, was $126,170 and $65,720 for fiscal year 2006 and the six
months ended December 31, 2006, respectively.
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.
| |
HERITAGE
WORLDWIDE, INC.
|
| |
|
|
| |
|
|
| |
|
|
| |
By:
|
/s/
Claude Couty
|
| |
|
Name:
Claude Couty
|
| |
|
Title:
Chief Financial Officer
|
Date:
March 9, 2007