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): March 11, 2015
NORTECH SYSTEMS INCORPORATED
(Exact name of registrant as specified in charter)
Minnesota |
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0-13257 |
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41-16810894 |
(State or other jurisdiction |
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(Commission |
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IRS Employer |
of incorporation) |
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File Number) |
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Identification No.) |
1120 Wayzata Boulevard East, Suite 201
Wayzata, MN 55391
(Address of principal executive offices)
(952) 345-2244
(Registrants telephone number, including area code)
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 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 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 Departure of Directors or Principal Offiers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On March 11, 2015, the board of directors of Nortech Systems Incorporated (the Company) elected Kathleen Iverson to fill a vacancy on the board of directors, effective March 11, 2015. A copy of the announcement is being furnished as Exhibit 99 hereto.
Item 9.01 Exhibits
Exhibit 99 announcement dated March 13, 2015.
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: March 13, 2015
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Nortech Systems Incorporated |
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(Registrant) |
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/s/ Richard G. Wasielewski |
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Richard G. Wasielewski, CEO |
Exhibit 99
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Contact: |
Warren Djerf |
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Brookside Communications Group |
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(952) 920-3908 or warren@brookcomm.net |
Kathleen Iverson Joins Nortech Systems Board of Directors
MINNEAPOLIS March 13, 2015 Nortech Systems, Inc. (Nasdaq: NSYS) announced today that Kathleen (Kitty) Iverson has joined its Board of Directors.
Since October 2014 she has served as CEO (Consulting) of Black Hills IP, a provider of IP, paralegal and trademark services. Iverson currently serves on the Board of Directors of MOCON Inc., which develops, manufactures and markets measurement, analytical and monitoring products for barrier packaging, food and pharmaceutical markets. She previously served on the Board of Directors of Speed Commerce, Inc., a provider of end-to-end e-commerce services, from 2008 until 2014.
Earlier, Iverson held a variety of positions with CyberOptics Corporation, a designer and manufacturer of optical process control sensors and measurement inspection systems used in the electronic assembly and semiconductor industries. She served as President and CEO from January 2003 until her retirement from CyberOptics in January 2014. Iverson was a Director from May 1998 through January 2014; she was Chairman of the Board from August 2009 through January 2014.
Were pleased to welcome Kitty and enthusiastic about the strengths she offers our Board, said Rich Wasielewski, president and CEO of Nortech Systems. Shes demonstrated solid leadership, strategic thinking and business acumen throughout her distinguished career.
About Nortech Systems Incorporated
Nortech Systems Incorporated (www.nortechsys.com), based in Wayzata, Minn., is a full-service electronics manufacturing services (EMS) 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.