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 14, 2013
NORTECH SYSTEMS INCORPORATED
(Exact name of registrant as specified in charter)
Minnesota |
|
0-13257 |
|
41-16810894 |
(State or other jurisdiction |
|
(Commission |
|
IRS Employer |
1120 Wayzata Boulevard East, Suite 201
Wayzata, MN 55391
(Address of principal executive offices)
Registrants telephone number, including area code (952) 345-2244
Not Applicable
(Former name or former address, if changed from 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 Ace (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 14-2(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(c) Appointment of Certain Officers.
Richard G. Wasielewski, age 60, formerly the Companys Senior Vice President and Chief Financial Officer, was appointed to the offices of President and Chief Operating Officer, effective February 14, 2013. He retains his position as Chief Financial Officer. Information regarding Mr. Wasielewski is set forth in Exhibit 99 attached to this filing.
Item 9.01 Exhibits
The attached press release (Exhibit 99) was published on February 14, 2013.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: February 18, 2013 |
|
|
|
|
|
|
Nortech Systems Incorporated |
|
(Registrant) |
|
|
|
/s/ Michael J. Degen |
|
Michael J. Degen, Chief |
|
Executive Officer |
Exhibit 99
|
|
Contact: |
Warren Djerf |
|
|
|
Brookside Communications Group |
|
|
|
(952) 920-3908 or warren@brookcomm.net |
Nortech Systems Names Rich Wasielewski President
and Chief Operating Officer
MINNEAPOLIS February 14, 2013 Nortech Systems Incorporated (NASDAQ: NSYS) has named Richard G. Wasielewski to the new position of president and chief operating officer, effective immediately. Mike Degen will retain his role as chief executive officer.
Wasielewski joined Nortech Systems in 2004 as vice president and chief financial officer; he was named a senior vice president in 2008. While at Nortech, his responsibilities have broadened beyond traditional CFO roles to include spearheading acquisitions, leading long-range strategic planning and evaluating the operations of Nortechs manufacturing and service locations in Minnesota, Wisconsin and Mexico. Hes also provided executive oversight while serving as general manager of the companys Aerospace Systems division during 2010 and 2011.
Were pleased to recognize Richs invaluable contributions to Nortech, said Mike Degen, chief executive officer of Nortech Systems. His transition into this new role will contribute significantly to our future growth and the achievement of our long-term objectives. Degen reiterated the companys commitment to both organic and acquisition-led growth.
Degen continued, Rich has demonstrated superior leadership and team-building skills throughout his time with Nortech, including managing acquisitions, consolidating operations and developing personnel. Degen noted that Wasielewski fully embraces Nortech Systems core beliefs, values and culture, and has earned respect throughout the company.
Before joining Nortech Systems, Wasielewski held a number of management positions in finance, operations, information systems, administration, sourcing, mergers and acquisitions and strategic planning at several leading manufacturing companies including Select Comfort Corporation and The Toro Company, both headquartered in Minneapolis.
Wasielewski earned a bachelor of science degree in accounting and a master of science degree in business administration from Indiana University.
-more-
About Nortech Systems, Incorporated
Nortech Systems Incorporated (www.nortechsys.com), based in Wayzata, Minn., is a full-service electronics manufacturing services provider of wire and cable assemblies, printed circuit board assemblies, and higher-level complete box build assemblies for a wide range of industries. Markets served include industrial equipment, aerospace/defense and medical. The company has manufacturing capabilities and operating partners in the U.S., Asia and Latin America. Nortech Systems Incorporated is traded on the NASDAQ Stock Market under the symbol NSYS.
Forward-Looking Statements
This press release contains forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. While this release is based on managements best judgment and current expectations, actual results may differ and involve a number of risks and uncertainties. Important factors that could cause actual results to differ materially from the forward-looking statements include, without limitation: volatility in market conditions which may affect market supply of and demand for the companys products; increased competition; changes in the reliability and efficiency of operating facilities or those of third parties; risks related to availability of labor; commodity and energy cost instability; general economic, financial and business conditions that could affect the companys financial condition and results of operations; as well as risk factors listed from time to time in the companys filings with the SEC.