-----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, Hzu0oFFksbnK1GCjexSY/250wsrBx4EgUFomocEGN7s6Ih4gtynprIs18R305CUc y4JLK4QdEipvTpAoP0xuCA== 0001104659-04-026055.txt : 20040827 0001104659-04-026055.hdr.sgml : 20040827 20040827122143 ACCESSION NUMBER: 0001104659-04-026055 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040823 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: 20040827 DATE AS OF CHANGE: 20040827 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EVANS & SUTHERLAND COMPUTER CORP CENTRAL INDEX KEY: 0000276283 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690] IRS NUMBER: 870278175 STATE OF INCORPORATION: UT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14677 FILM NUMBER: 041001387 BUSINESS ADDRESS: STREET 1: 600 KOMAS DR CITY: SALT LAKE CITY STATE: UT ZIP: 84108 BUSINESS PHONE: 8015881815 MAIL ADDRESS: STREET 1: 600 KOMAS DR CITY: SALT LAKE CITY STATE: UT ZIP: 84108 8-K 1 a04-10037_18k.htm 8-K

 

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 23, 2004

 

EVANS & SUTHERLAND COMPUTER CORPORATION

(Exact Name of Registrant as Specified in Its Charter)

 

Utah

(State or Other Jurisdiction of Incorporation)

 

 

 

0-8771

 

87-0278175

(Commission File Number)

 

(IRS Employer Identification No.)

 

 

 

600 Komas Dr, Salt Lake City, Utah

 

84108

(Address of Principal Executive Offices)

 

(Zip Code)

 

 

 

801-588-1000

(Registrant’s Telephone Number, Including Area Code)

 

 

 

 

(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 Instruction 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

 

(b)         On August 23, 2004, Evans & Sutherland Computer Corporation (the “Company”) announced the resignation of the Company’s Chief Financial Officer, E. Thomas Atchison.

 

A copy of the press release issued by the Company on August 23, 2004 is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

(c)          On August 23, 2004, the Company announced the appointment of Kevin A. Paprzycki as Chief Financial Officer and Corporate Secretary.

 

In connection with his appointment as Chief Financial Officer of the Company, Mr. Paprzycki will enter into an employment agreement with the Company.  The employment agreement will set forth the material terms of Mr. Paprzycki’s employment with the Company and will include the following terms: (i) an annual salary of $135,000; (ii) a targeted bonus equal to 40% of his annual salary; (iii) his receipt of an option to purchase 20,000 shares of the Company’s common stock, subject to a three year vesting schedule; (iv) his continued participation in company-wide benefit plans and in the Company’s Executive Savings Plan; and (v) in the case of termination following a change in control of the Company, a lump sum payment of his annual salary plus his targeted bonus.  Mr. Paprzycki’s employment is for an indeterminate term.

 

There are no familial relationships between Mr. Paprzycki and any other director or executive officer of the Company.  Since the beginning of the Company’s last fiscal year, there have been no transactions, or series of transactions, between Mr. Paprzycki or any member of his immediate family and the Company in which the amount involved exceeded $60,000 and in which Mr. Paprzycki or his immediate family have, or will have, a direct or indirect material interest.

 

Prior to Mr. Paprzycki’s appointment as Chief Financial Officer and Corporate Secretary, Mr. Paprzycki held positions as Director, Financial Planning and Analysis from 2001 to 2004, Director, Finance from 2000 to 2001, and Controller, Manufacturing from 1999 to 2000.  Prior to joining the Company, Mr. Paprzycki worked for the public accounting firm Ernst & Young LLP.  Mr. Paprzycki received a Masters in Business Administration from the University of Utah, a Bachelor of Science degree in Accounting from Case Western Reserve University, and is a Certified Public Accountant, Certified Management Accountant, and a Certified Financial Manager.  Mr. Paprzycki is 34 years old.

 

A copy of the press release issued by the Company on August 23, 2004 is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

2

 

ITEM 9.01                                       FINANCIAL STATEMENTS AND EXHIBITS

 

(c)          Exhibits

 

Exhibit Number

 

Description

 

 

 

99.1

 

Evans & Sutherland Computer Corporation Press Release dated August 23, 2004.

 

3

 

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.

 

 

 

EVANS & SUTHERLAND COMPUTER

 

CORPORATION

 

 

 

 

Date:  August 27, 2004

/s/ Kevin A. Paprzycki

 

 

Kevin A. Paprzycki

 

Chief Financial Officer and Corporate Secretary

 

4

 

EXHIBIT INDEX

 

Exhibit Number

 

Description

 

 

 

99.1

 

Evans & Sutherland Computer Corporation Press Release dated August 23, 2004.

 

5

 EX-99.1 2 a04-10037_1ex99d1.htm EX-99.1

Exhibit 99.1

 

Evans & Sutherland Appoints Chief Financial Officer

 

SALT LAKE CITY, UTAH, August 23, 2004, Evans & Sutherland Computer Corporation (NASDAQ: ESCC) (E&S®) today announced the appointment of Kevin A. Paprzycki as Chief Financial Officer and Corporate Secretary. Mr. Paprzycki replaces E. Thomas Atchison, who has accepted a position with another company.

 

Mr. Paprzycki joined E&S in 1999, serving as Director of Planning and Analysis. Prior to joining E&S, Mr. Paprzycki held several financial analysis, planning, and management positions with Baker Hughes in Salt Lake City. Earlier he worked for the public accounting firm of Ernst and Young LLP in Cleveland, Ohio. Mr. Paprzycki is a Certified Public Accountant, Certified Management Accountant, Certified Financial Manager, and holds a Masters in Business Administration from the University of Utah and a Bachelor of Science degree in Accounting from Case Western Reserve University in Cleveland, Ohio.

 

Mr. Atchison has accepted a position as Vice President, Asian Operations for a high tech manufacturing company. In his new position, Mr. Atchison will be returning to Thailand, where he led a manufacturing operation before joining E&S.

 

“We welcome Kevin Paprzycki to his new position as Chief Financial Officer,” said James R. Oyler, President and Chief Executive Officer. “We have worked with Kevin for over five years, and he has been an outstanding contributor as he has taken on increasingly responsible positions in our finance department. His skill and knowledge in financial operations and regulation have been a key asset to us in the past and will continue to be an asset for us going forward. At the same time, we are sorry to lose Tom Atchison, who has served us very well in both manufacturing and as CFO. However, Tom is returning to manufacturing, his first love, and we wish him well.”

 

About Evans & Sutherland

 

Evans & Sutherland produces high-quality visual systems for simulation, training, and visualization in defense and commercial applications; digital theaters; and related applications throughout the world. Visit the E&S Web site at http://www.es.com.

 

# # #

 

E&S is a registered trademark of Evans & Sutherland Computer Corporation.

 

All Rights Reserved. Evans & Sutherland © 2004

 

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