-----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, K7v9U88xjTepW7XOWZA9xPowBOGixG0z05R94TPFUmKABN/d/e+dJVtqUANS65qO eQTW2LeWnCflQV8FJqJBXg== 0001144204-08-046833.txt : 20080814 0001144204-08-046833.hdr.sgml : 20080814 20080814123121 ACCESSION NUMBER: 0001144204-08-046833 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080814 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20080814 DATE AS OF CHANGE: 20080814 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GlenRose Instruments Inc. CENTRAL INDEX KEY: 0001340095 STANDARD INDUSTRIAL CLASSIFICATION: HAZARDOUS WASTE MANAGEMENT [4955] IRS NUMBER: 203521719 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-51645 FILM NUMBER: 081016809 BUSINESS ADDRESS: BUSINESS PHONE: 781.622.1120 MAIL ADDRESS: STREET 1: 45 FIRST AVENUE CITY: WALTHAM STATE: MA ZIP: 02451 FORMER COMPANY: FORMER CONFORMED NAME: Glenrose Instruments Inc. DATE OF NAME CHANGE: 20050928 8-K 1 v123665_8k.htm Unassociated Document
 
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 14, 2008 (July 30, 2008)

_____________
 
GLENROSE INSTRUMENTS INC.
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction of
incorporation or organization)
 
000-51645
(Commission file no.)
20-3521719
(I.R.S. Employer Identification No.)
 
GlenRose Instruments Inc.
45 First Avenue
Waltham, MA 02451
(Address of principal executive offices)

Registrant’s telephone number, including area code: (781) 622-1120
 
_________________________
 
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 (17 CFR 240.14a-12)
 
£ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
£ 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
 
Pursuant to an Investor Rights Agreement by and between GlenRose Instruments Inc. (the “Company”) and Blum Strategic Partners IV, L.P. (“Blum”), Blum has a right to nominate one nominee to the Company’s board of directors. Blum’s initial nominee under the Investor Rights Agreements was John Park.

On July 30, 2008, in accordance with the Investor Rights Agreement, the board of directors of the Company approved the expansion of the board of directors by one member and appointed John Park as a member of the board of directors to fill such newly-created directorship. Mr. Park shall hold such position until the next annual meeting of the stockholders of the Company or until his successor shall have been duly elected and qualified.

John H. Park joined Blum Capital Partners, an affiliate of Blum, in 2004 as a Partner and is co-head of the investment committee. He currently serves on the board of directors for Avid Technology, Inc., a portfolio company of Blum Capital Partners. In addition to his responsibilities for sourcing new investment opportunities and co-managing the investment portfolios, Mr. Park also oversees the investment research process and serves as the primary contact for trading relationships with brokerage firms. Prior to joining Blum Capital Partners, Mr. Park spent 11 years at Columbia Wanger Asset Management where he was the Portfolio Manager of the Columbia Acorn Select Fund since inception and Co-Manager of the Columbia Acorn Fund (both of which received Morningstar 5 star ratings during his tenure). In addition, Mr. Park was a Partner at the firm and served as Director of Research as well. Prior to Columbia Wanger Asset Management, Mr. Park was a Summer Associate at Ariel Capital Management and a Financial Analyst at Kidder, Peabody. Mr. Park received his BA and MBA, both with Honors, from the University of Chicago and is a Chartered Financial Analyst.

Blum was the lead investor in the Company’s $14,875,000 convertible debenture financing which closed in July 2008. Mr. Park is a Managing Member and Partner of Blum. For a further description of the convertible debenture financing, please see our Current Report on Form 8-K dated July 29, 2008, which has been filed with the Securities and Exchange Commission. There are no family relationships between Mr. Park, on the one hand, and any of the Company ’s directors, executive officers or persons nominated or charged by the Company to become directors, on the other hand.
 
 
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SIGNATURES
 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
     
Date: August 14, 2008
GLENROSE INSTRUMENTS INC.
 
 		  
 		  
 
  By:   /s/ Anthony S. Loumidis
 
Anthony S. Loumidis, Chief Financial Officer
 
 
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