-----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, S183FCxjivJChtvhBYTyr6Qfi7zKkprNuny++TwAuhFswlctVh3KwP7ccb4PpxTy IMao6G2qCxueHllaZgvFug== 0001157523-07-009399.txt : 20070925 0001157523-07-009399.hdr.sgml : 20070925 20070925151635 ACCESSION NUMBER: 0001157523-07-009399 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070920 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: 20070925 DATE AS OF CHANGE: 20070925 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ASPYRA INC CENTRAL INDEX KEY: 0000712815 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 953353465 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13268 FILM NUMBER: 071133883 BUSINESS ADDRESS: STREET 1: 26115 A MUREAU RD CITY: CALABASAS STATE: CA ZIP: 91302 BUSINESS PHONE: 8188806700 MAIL ADDRESS: STREET 1: 26115 A MUREAU ROAD CITY: CALABASAS STATE: CA ZIP: 91302 FORMER COMPANY: FORMER CONFORMED NAME: CREATIVE COMPUTER APPLICATIONS INC DATE OF NAME CHANGE: 19920703 8-K 1 a5501220.txt ASPYRA, INC. 8-K 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 the earliest event reported): September 20, 2007 Aspyra, Inc. (Exact Name of Registrant as Specified in Its Charter) California 0-12551 95-3353465 (State or Other (Commission (IRS Employer Jurisdiction of Incorporation) File Number) Identification No.) 26115-A Mureau Road Calabasas, CA 91302 (Address of Principal Executive Offices) (Zip Code) (818) 880-6700 (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: |_| 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(d) Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 25, 2007, Aspyra, Inc. (the "Company") announced that on September 20, 2007, the Company's Board of Directors, in accordance with Section 3.04(B) of the Company's Bylaws elected James Zierick as a member of the Company's Board of Directors. Mr. Zierick will fill a vacancy on the Board of Directors and will serve until the 2008 Annual Meeting of Shareholders or until his earlier death, resignation or removal. James Zierick is currently the Chief Executive Officer of LOGICALAPPS, a provider of embedded controls software for enterprise applications based in Irvine, California. Prior to joining LOGICALAPPS, Mr. Zierick was Executive Vice President of Worldwide Field Operations for Peregrine Systems, where he led a 350 person sales, alliance, customer support and professional services organization. Before working with Peregrine, Mr. Zierick was a partner for McKinsey & Company, where he helped lead the company's Southern California technology and operational effectiveness practices. Mr. Zierick earned a Master of Business Administration degree from the Dartmouth College, Amos Tuck School of Business, a Bachelor of Science degree in Engineering from Dartmouth College, Thayer School of Engineering, and a Bachelor of Arts in Engineering Sciences from Dartmouth College. Upon Mr. Zierick's election as a director, the Company awarded Mr. Zierick a non-qualified stock option under the Company's 2005 Stock Incentive Plan exercisable for 10,000 shares of the Company's Common Stock, which is consistent with the Company's equity compensation to its other non-employee directors. There are no understandings or arrangements between Mr. Zierick and any other person pursuant to which Mr. Zierick was selected as a director. Mr. Zierick does not have any family relationship with any director, executive officer or person nominated or chosen by our Board of Directors to become a director or executive officer. Additionally, there have been no transactions, or series of related transactions, in the last year, nor is there any currently proposed transaction, or series of similar transactions, to which the Company or any of its subsidiaries was a party, or will be a party, and in which Mr. Zierick or any member of his immediate family had, or will have a direct or indirect material interest. A copy of the Company's press release dated September 25, 2007 is included as Exhibit 99.1 to this report and is incorporated herein by reference. Item 9.01 Financial Statements and Exhibits. (d) The following exhibits are being filed with this report: 99.1 Press Release, dated September 25, 2007, of Aspyra, Inc. 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. September 25, 2007 Aspyra, Inc. /s/ Steven M. Besbeck --------------------------------- Steven M. Besbeck President and Chief Executive Officer EX-99.1 2 a5501220ex99_1.txt EXHIBIT 99.1 Exhibit 99.1 Aspyra Appoints James Zierick to Board of Directors CALABASAS, Calif.--(BUSINESS WIRE)--Sept. 25, 2007--Aspyra, Inc. (AMEX:APY), a leading provider of clinical and diagnostic information solutions for the healthcare industry, today announced the appointment of James Zierick as director to Company's Board of Directors, effective immediately. With over 25 years in executive management roles in the technology field, Mr. Zierick is currently the Chief Executive Officer of LOGICALAPPS, a provider of embedded controls software for enterprise applications based in Irvine, CA. Prior to joining LOGICALAPPS, Mr. Zierick was Executive Vice President of Worldwide Field Operations for Peregrine Systems, where he led 350 person sales, alliance, customer support and professional services organization, and was responsible for generating $200 million of new license, support and service revenue. Before working with Peregrine, Mr. Zierick was a partner with McKinsey & Company, where he helped lead the company's Southern California technology and operational effectiveness practices, leveraging his wide-ranging experience with major technology companies. Mr. Zierick holds an MBA from Dartmouth College, Amos Tuck School of Business and a B.S. and an A.B. from Dartmouth College, Thayer School of Engineering. John Mutch, Aspyra's Chairman of the Board states, "We look forward to Jim's contribution to the Aspyra Board of Directors. His experience in process improvement with technology companies across a broad variety of industries will benefit us greatly." Aspyra solutions provide integrated technologies and services that improve the efficiency, safety and quality of patient care. Aspyra works directly with customers through its own sales and service staff as well as through an extensive partner network. The company currently counts over 440 customers and over 700 application installations in its installed base. "I am pleased to have the opportunity to work with Aspyra and Board of Directors to help achieve success in the healthcare technology industry," said Mr. Zierick. About Aspyra Aspyra is a global provider of Health Care Information Technology (HCIT) solutions and services to the healthcare industry. The Company specializes in Clinical Information Systems (CIS), Picture Archive Communication Systems (PACS) and Clinical Image Management Systems (CIMS) for hospitals, multi-specialty clinics, clinical laboratories, imaging departments and centers, orthopedic environments and pharmacies. Aspyra's highly scalable systems can be installed standalone or integrated to provide a single-vendor, enterprise-wide solution. For more information on Aspyra, its products and services, visit www.aspyra.com. Safe Harbor Statement This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to corporate growth, shareholder value creation and future business opportunities. Forward-looking statements are not guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statement. Such statements are based upon, among other things, assumptions made by, and information currently available to, management as of today, September 25, 2007, including management's own knowledge and assessment of the Company's industry and competition. Factors that could cause Aspyra's actual results to differ materially from these forward-looking statements include among others: the competitive environment; unexpected technical and marketing difficulties inherent in major product development efforts; the potential need for changes in our long-term strategy in response to future developments; future advances in clinical information technology and procedures, as well as potential changes in government regulations and healthcare policies; and rapid technological change in the microelectronics and software industries. The Company refers interested persons to its most recent Annual Report on Form 10-KSB and its other SEC filings for a description of additional uncertainties and factors, which may affect forward-looking statements. The Company assumes no duty to update its forward-looking statements. CONTACT: Aspyra, Inc. Steven M. Besbeck, President and CEO, 818-880-6700 x8660 -----END PRIVACY-ENHANCED MESSAGE-----