-----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, GasKpbPlyavAr+Zde8zLXnrLK/sOE07laWqkdNeXzr3I0MwGsUbUWyenHMbKJGGU J487g/sdqBxW/Uig36gcPA== 0001015402-04-004732.txt : 20041110 0001015402-04-004732.hdr.sgml : 20041110 20041109194914 ACCESSION NUMBER: 0001015402-04-004732 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041104 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: 20041110 DATE AS OF CHANGE: 20041109 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ELECTRONIC CLEARING HOUSE INC CENTRAL INDEX KEY: 0000721773 STANDARD INDUSTRIAL CLASSIFICATION: FUNCTIONS RELATED TO DEPOSITORY BANKING, NEC [6099] IRS NUMBER: 930946274 STATE OF INCORPORATION: NV FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-15245 FILM NUMBER: 041131142 BUSINESS ADDRESS: STREET 1: 28001 DOROTHY DR CITY: AGOURA HILLS STATE: CA ZIP: 91301-2697 BUSINESS PHONE: 8187068999 MAIL ADDRESS: STREET 1: 28001 DOROTHY DRIVE CITY: AGOURA HILLS STATE: CA ZIP: 91301 FORMER COMPANY: FORMER CONFORMED NAME: BIO RECOVERY TECHNOLOGY INC DATE OF NAME CHANGE: 19860122 8-K 1 doc1.txt 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): November 4, 2004 ELECTRONIC CLEARING HOUSE, INC. ------------------------------- (Exact name of registrant as specified in its charter) Nevada 0-15245 93-0946274 (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) 730 Paseo Camarillo, Camarillo, CA 93010 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (805) 419-8700 _______________________________________________________________________ (Former name or former address, if changes 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): [_] 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 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. On November 9, 2004, Electronic Clearing House, Inc. (the "Company") issued a press release announcing the appointment of Steven Smith as its new Chief Information Officer as of November 4, 2004. Mr. Smith succeeded Alex Seltzer, the Company's Chief Operating Officer and Chief Information Officer, with respect to information technology duties previously performed by Mr. Seltzer, and joined the Company as a result of Mr. Seltzer's decision to pursue other business interests. Mr. Seltzer will continue providing services to the Company through December 31, 2004, the effective date of his resignation. The Company currently does not anticipate hiring a new Chief Operating Officer. This Current Report on Form 8-K is intended to fulfill the Company's requirements under Item 5.02(b) of Form 8-K that will arise on December 31, 2004, the effective date of Mr. Seltzer's resignation. ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS. (c) Exhibits 99.1 Press Release dated November 9, 2004, announcing the appointment of the Company's new Chief Information Officer. 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. ELECTRONIC CLEARING HOUSE, INC. (Registrant) By: \s\ Alice Cheung ---------------------------- Alice L. Cheung, Treasurer & Chief Financial Officer Dated: November 9, 2004
EXHIBIT INDEX Exhibit Number Description of Document - ------- ----------------------- 99.1 Press Release dated November 9, 2004, announcing the appointment of the Company's new Chief Information Officer.
EX-99.1 2 doc2.txt EXHIBIT 99.1 EXHIBIT 99.1 FOR IMMEDIATE RELEASE - ----------------------- ELECTRONIC CLEARING HOUSE (ECHO) HIRES STEVEN SMITH AS NEW CIO CAMARILLO, CALIF., NOVEMBER 9, 2004 - Electronic Clearing House, Inc. (NASDAQ: ECHO), a leading provider of electronic payment and transaction processing services, announced today that Steven Smith has joined the Company on November 4, 2004 as new Chief Information Officer. Steven Smith brings over 22 years of IT and Business Transformation experience to ECHO. Prior to joining ECHO, Steve was VP of Engineering for Digital Insight (a financial services ASP providing Internet banking, bill payment, cash management and loan origination capabilities to over 1,500 financial institutions across North America), where he was accountable for all product development. Steve has 11 years product development experience with financial, supply chain and telecom systems. Steve also brings 11 years of global experience with Ernst & Young / CAP Gemini, where, as a Partner, he led enterprise system implementation efforts for Fortune 500 corporations across North America, South America, Asia and Europe. Steve holds a B.A. degree in Computer Science from The University of Texas in Austin. "I believe Steve's experience managing multiple development platforms and his strong technical expertise will serve ECHO well as we finalize several key initiatives in both our credit card and check processing environments," said Joel Barry, CEO and Chairman of ECHO. "Steve will assume responsibility for all software development, data center operations, quality assurance programs and systems design. We think his contribution to ECHO's continuing success in these areas will be both immediate and significant." "I am very pleased to be joining ECHO at this exciting stage in the Company's development," said Steven Smith. "With my background at the nexus of technology and financial services, I fully understand both the challenges and the opportunities of the position. I am certain that my experience will make a positive contribution to ECHO's continued growth and the reinforcement of its market leadership role." Mr. Smith succeeds Alex Seltzer, the Company's Chief Operating Officer and Chief Information Officer, with respect to information technology duties previously performed by Mr. Seltzer, and joins ECHO as a result of Mr. Seltzer's decision to pursue other business interests. Mr. Seltzer will continue providing services to ECHO through December 31, 2004, the effective date of his resignation. ECHO does not currently anticipate hiring a new Chief Operating Officer. ABOUT ELECTRONIC CLEARING HOUSE, INC. (ECHO) ECHO (www.echo-inc.com) provides a complete solution to the payment processing ---------------- needs of merchants, banks and collection agencies. ECHO's services include debit and credit card processing, check guarantee, check verification, check conversion, check re-presentment, and check collection. SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Any statements set forth above that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Examples of forward-looking statements included in this press release include, but are not limited to, statements regarding ECHO's ability to continue successfully with respect to its software development, data center operations, quality assurance programs and systems design efforts. Potential risks and uncertainties that may cause actual results to differ materially include, but are not limited to, such factors as fluctuations in demand for the Company's products and services, the introduction of new products and services, the Company's ability to maintain customer and strategic business relationships, technological advancements, impact of competitive products and services and pricing, growth in targeted markets, the adequacy of the Company's liquidity and financial strength to support its growth, and other information detailed from time to time in the Company's filings with the United States Securities and Exchange Commission. CONTACT: - -------- Donna Rehman, Corporate Secretary Crocker Coulson, Partner (800) 262-3246, ext. 8533 CCG Investor Relations Electronic Clearing House, Inc. 818-789-0100 Camarillo, CA e-mail: crocker.coulson@ccgir.com URL:http://www.echo-inc.com ------------------------- - --------------------------- E-MAIL:corp@echo-inc.com ----------------- -----END PRIVACY-ENHANCED MESSAGE-----