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): February 28, 2014
TALON INTERNATIONAL, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware |
1-13669 |
95-4654481 |
(State or Other Jurisdiction |
(Commission |
(I.R.S. Employer |
of Incorporation) |
File Number) |
Identification No.) |
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21900 Burbank Blvd., Suite 270 | |
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Woodland Hills, California |
91367 |
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(Address of Principal Executive Offices) |
(Zip Code) |
(818) 444-4100 | ||
(Registrant’s Telephone Number, Including Area Code) |
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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange ct (17 CFR 240.14d-2(B)) |
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Pre-commencement communications pursuant to Rule 13e-4(c)) under the Exchange Act (17 CFR 240.13e-4c)) |
Item 5.02 |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Appointment of Chief Financial Officer
Talon International, Inc. (the “Company”) appointed Nancy Agger-Nielsen to serve as Chief Financial Officer of the Company, with the appointment to be effective April 1, 2014. Ms. Agger-Nielsen will serve as Vice President Finance on an interim basis until her appointment as CFO becomes effective.
Nancy Agger-Nielsen (age 51) previously served as CFO of Med-Legal, LLC, a leading California provider of litigation support services, from 2013 to 2014, and as Vice President of Finance for NDC Infrared Engineering from 2004 until 2013. A division of Spectris plc, NDC is the leading, global supplier of on line measurement instrumentation for the manufacturing industry. Ms. Agger-Nielsen completed an MBA program with the Peter F. Drucker School of Management at Claremont Graduate University in Claremont, CA, and earned a Bachelor of Science in Accounting at California State Polytechnic University in Pomona, CA. Ms. Agger-Nielsen brings extensive management experience including strategic business planning, international operations, and financial analysis to her role.
Ms. Agger-Nielsen does not have any family relationships with any of the Company’s other directors or executive officers. Ms. Agger-Nielsen does not have a direct or indirect material interest in any transaction with the Company involving an amount exceeding $120,000, and no such transaction is currently proposed.
Resignation of Principal Accounting Officer
Effective February 28, 2014, Jim Reeder resigned from the Company. Mr. Reeder previously served as Vice President, Corporate Controller and Principal Accounting Officer of the Company. Lonnie D. Schnell, the Company’s Chief Executive Officer and current Chief Financial Officer, shall serve as Principal Accounting Officer until Ms. Agger-Nielsen’s appointment becomes effective.
Item 7.01 |
Regulation FD Disclosure |
On March 5, 2014, the Company issued a press release regarding the appointment of Nancy Agger-Nielsen as Chief Financial Officer. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by this reference.
Item 9.01 |
Financial Statements and Exhibits |
Exhibits.
99.1 |
Press release issued by Talon International, Inc. dated March 5, 2014. |
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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TALON INTERNATIONAL, INC. |
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Date: March 5, 2014 |
By: |
/s/ Lonnie D. Schnell |
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Lonnie D. Schnell, Chief Executive Officer |
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Exhibit 99.1
TALON INTERNATIONAL ANNOUNCES APPOINTMENT
OF CHIEF FINANCIAL OFFICER
LOS ANGELES – March 5, 2014 – Talon International, Inc. (OTCQB: TALN), a leading global supplier of custom zippers and apparel accessories, today announced the appointment of Nancy Agger-Nielsen as Chief Financial Officer effective April 1, 2014.
Ms. Nielsen holds her CPA accreditation, an Accounting degree from California State Polytechnic University in Pomona CA and an MBA in Finance from the Peter F. Drucker School of Management at Claremont Graduate University in Claremont, CA. She has over 20 years of experience in all aspects of financial management with a focus on strategic business planning, international operations, and financial analysis. Most recently, she served as CFO, of Med Legal, LLC, and Vice President of Finance & Administration for NDC Infrared Engineering, a division of Spectris, plc.
Ms. Nielsen will serve as Vice President Finance on an interim basis until her appointment as CFO becomes effective, subsequent to the filing of our 10K. Mr. Jim Reeder, who previously served as V.P. Corporate Controller, has resigned to pursue other opportunities.
"The appointment of Ms. Nielsen as Chief Financial Officer of the Company represents another important step in the growth of our Company as we continue to advance Talon towards world leadership in apparel accessories. Nancy’s broad-based experience as a finance professional, especially in international companies and strategic planning, makes her an ideal fit for the Chief Financial Officer role at Talon International," commented Mr. Lonnie Schnell, Chief Executive Officer of the Company. “Having previously served in dual roles as CEO and CFO, I’m looking forward to relinquishing my CFO duties and being able to focus on strategic growth and building shareholder value," added Mr. Schnell.
About Talon International, Inc.
Talon International, Inc. is a major supplier of custom zippers, complete trim solutions and stretch technology products to manufacturers of fashion apparel, specialty retailers, mass merchandisers, brand licensees and major retailers worldwide. Talon develops, manufactures and distributes custom zippers exclusively under its Talon® brand (“The World’s Original Zipper Since 1893”); designs, develops, manufactures, and distributes complete apparel trim solutions and products; and provides stretch technology for specialty waistbands all under its trademark and world renowned brands, Talon®, and TekFit® to major apparel brands and retailers. Leading retailers worldwide recognize and use Talon products including Abercrombie and Fitch, Polo Ralph Lauren, Kohl’s, J.C. Penney, FatFace, Victoria’s Secret, Wal-Mart, Tom Tailor, Phillips-Van Heusen, Juicy Couture, and many others. The company is headquartered in the greater Los Angeles area, and has offices and facilities throughout the United States, United Kingdom, Hong Kong, China, Taiwan, India, Indonesia and Bangladesh.
Investor Contact:
Casey Stegman
Stonegate, Inc.
8201 Preston Rd., Suite 325
Dallas, Texas 75225
(214) 987-4121
www.stonegateinc.com
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