-----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, KRtx7PVYHv0HoSURaxh+RgQy77A69PGV9vrRJVNoHVWWvcGZK3dWa1NFhN6qmEKS 2ib9RVIiXGtTPxUyWdqPdQ== 0000893220-06-002078.txt : 20060921 0000893220-06-002078.hdr.sgml : 20060921 20060921135734 ACCESSION NUMBER: 0000893220-06-002078 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060915 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: 20060921 DATE AS OF CHANGE: 20060921 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TRM CORP CENTRAL INDEX KEY: 0000749254 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PERSONAL SERVICES [7200] IRS NUMBER: 930809419 STATE OF INCORPORATION: OR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-19657 FILM NUMBER: 061101775 BUSINESS ADDRESS: STREET 1: 5208 N E 122ND AVENUE CITY: PORTLAND STATE: OR ZIP: 97230-1074 BUSINESS PHONE: 5032578766 FORMER COMPANY: FORMER CONFORMED NAME: TRM COPY CENTERS CORP DATE OF NAME CHANGE: 19940411 FORMER COMPANY: FORMER CONFORMED NAME: ALL COPY CORP DATE OF NAME CHANGE: 19911216 8-K 1 w25338e8vk.htm FORM 8-K TRM CORPORATION e8vk
 

 
 
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): September 15, 2006
TRM CORPORATION
(Exact name of registrant as specified in its charter)
         
Oregon   0-19657   93-0809419
         
(State or other jurisdiction of incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.)
5208 N.E. 122nd Avenue, Portland, Oregon 97230
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (503) 257-8766
N/A
(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:
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 September 15, 2006, Daniel G. Cohen resigned from the Board of Directors of TRM Corporation (the “Company”), effective as of September 18, 2006. Mr. Cohen was Chairman of the Board of Directors. Mr. Cohen’s departure is not related to any disagreement with the Company or with the Company’s operations, policies or practices.
(c) Richard Stern was appointed Executive Vice President — Corporate Operations, on September 15, 2006, effective on October 1, 2006. Mr. Stern, age 45, previously served as Vice President/General Manager of Building Solutions for American Tower Corporation from August 2005 to September 2005. He previously held that position with SpectraSite Communications, which was acquired by American Tower, from May 2002 to August 2005. From January 2000 to May 2002, Mr. Stern served as Vice President of Real Estate, Building Division, with SpectraSite Communications.
On September 15, 2006, Ashley Dean was promoted to Executive Vice President — ATM Business Operations. Mr. Dean, age 45, previously served as Senior Vice President, ATM Products & Services (USA), from April 2006 to September 2006, and Director of Emerging Markets of the Company, from January 2006 to April 2006. He served as the Company’s Managing Director — United Kingdom from September 2003 to January 2006. From January 2003 to September 2003, he was Vice President — Strategic Planning and Development and from June 1999 to January 2003 he was Director of Operations for the Company’s United Kingdom operations. From August 1998 until June 1999, Mr. Dean was a Field Services Manager for Thames Water plc, the largest U.K. privatized clean and waste water utility.
(d) On September 15, 2006, the Company announced that Jeffrey F. Brotman, the Company’s Chief Executive Officer and President, had been elected to serve as Chairman of the Board of Directors.
Tony C. Banks was appointed as a member of the Company’s Board of Directors, on September 15, 2006. The Company anticipates that Mr. Banks will serve on the Company’s Audit Committee. Mr. Banks, age 52, has been Vice President of Business Development for FirstEnergy Corporation, a public utility, since December 2005. Mr. Banks joined FirstEnergy Solutions, Inc., a subsidiary of FirstEnergy Corporation, in August 2004 as Director of Marketing and in August 2005 became Vice President of Sales & Marketing. Before joining FirstEnergy, Mr. Banks was a consultant to utilities, energy service companies and energy technology firms. From 2000 through 2002, Mr. Banks was President of RAI Ventures, Inc., a subsidiary of Resource America, Inc., a specialized asset management company, and Chairman of the Board of Optiron Corporation, which was an energy technology subsidiary of Atlas America, Inc., an energy company engaged primarily in the development and production of natural gas, and, to a lesser extent, oil, until 2002. Mr. Banks is a certified public accountant.
A copy of the press release is filed herewith as Exhibit 99.1.

 


 

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
99.1 Press Release dated September 15, 2006.

 


 

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.
         
  TRM CORPORATION
 
 
  By:   /s/ Daniel E. O'Brien    
    Name:   Daniel E. O'Brien   
Date: September 21, 2006    Title:   Chief Financial Officer   

 

EX-99.1 2 w25338exv99w1.htm PRESS RELEASE DATED SEPTEMBER 15, 2006 exv99w1
 

Exhibit 99.1
For further information, contact:
Jeffrey F. Brotman, President & CEO
Office: (503) 257-8766
Fax: (503) 251-5473
E-mail: IR@trm.com
Executive and Board Changes at TRM Corporation
Portland, Oregon: September 15, 2006 — TRM Corporation (NASDAQ: TRMM) TRM Corporation announced today that Jeffrey F. Brotman, its President and Chief Executive Officer, has been elected to additionally serve as Chairman of the Board of Directors, effective September 18, 2006.
Additionally, TRM has appointed Richard Stern as its Executive Vice President — Corporate Operations, effective October 1, 2006. He is a former General Manager / Vice President with American Tower Corp. In that role, Mr. Stern ran American Tower’s rooftop management and building distributor antennae business.
TRM also has promoted Ashley Dean, currently Senior Vice President for ATM Products and Services, to serve as Executive Vice President — ATM Business Operations. Danial Tierney remains an Executive Vice President of the Company responsible for photocopier business operations.
Mr. Brotman succeeds Daniel G. Cohen, who has been a member of its board of directors since 1998. Mr. Cohen stated that other professional interests will be requiring an increasing amount of his time and will no longer afford him adequate time to dedicate to TRM and effectively continue to serve on the Company’s board. Edward E. Cohen will remain as a board member and as Chairman of its Executive Committee.
The Company also announced that Tony C. Banks has been elected to serve on the board of directors. Mr. Banks is a Vice President of FirstEnergy Corporation, where he has been since 2004. Prior to joining FirstEnergy, he acted in a variety of financial, marketing and operating positions at several other companies over the past 30 years.
Mr. Brotman said “We are grateful to Daniel Cohen for his long and dedicated service to TRM and wish him great success. I am also pleased to welcome Richard Stern to the company and to announce Ashley Dean’s new position. We also welcome Tony Banks to our board and believe that Tony’s judgment and experience will serve us well.”
About TRM
TRM Corporation is a consumer services company that provides convenience ATM and photocopying services in high-traffic consumer environments. TRM’s ATM and copier customer base consists of over 30,000 retailers throughout the United States and over 38,200 ATM and copier units worldwide, including 3,800 ATMs across the United Kingdom and over 4,200 ATM

 


 

and copier units in Canada. TRM has the second largest non-bank ATM network in both the United States and in the United Kingdom, and its network has a total of approximately 17,900 ATM locations throughout the United States, Canada, Great Britain, Northern Ireland and Germany.
FORWARD LOOKING STATEMENTS
Statements made in this news release that are not historical facts are forward-looking statements. Actual results may differ materially from those projected in any forward-looking statement. Specifically, there are a number of important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements, such as consumer demand for our services; access to capital; maintaining satisfactory relationships with our banking partners; technological change; our ability to control costs and expenses; competition and our ability to successfully implement our planned growth. Additional information on these factors, which could affect our financial results, is included in our SEC filings. Finally, there may be other factors not mentioned above or included in our SEC filings that could cause actual results to differ materially from those contained in any forward- looking statement. Undue reliance should not be placed on any forward-looking statement, which reflects management’s analysis only as of the date of the statement. We assume no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by federal securities laws.
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