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 earliest event reported): November 14, 2006

TRM CORPORATION

(Exact name of registrant as specified in its charter)

Oregon	0-19657	93-0809419
(State or other jurisdiction	Commission File Number)	(I.R.S. Employer
of incorporation)		Identification No.)

5208 N.E. 122^nd 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))

TABLE OF CONTENTS

Press Release dated November 14, 2006

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

     On November 14 2006, Richard Stern was appointed Chief Operating Officer. Mr. Stern, age 45, joined the Company on October 1, 2006, as Executive Vice President of Corporate Operations. He previously served as Vice President/General Manager of Building Solutions for American Tower Corporation, a publicly traded telecom infrastructure provider, from August 2005 to June 2006. He previously held that position with SpectraSite Communications, a publicly traded telecom infrastructure provider, 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.

     We have entered into an employment agreement with Mr. Stern. Under the Agreement:

• Mr. Stern will receive an annual base salary of not less than $300,000. Mr. Stern will also earn an annual bonus determined by our Compensation Committee targeted to be at least 50% of base salary. The bonus will be not less than $100,000 in the first year of employment.

• Mr. Stern will be granted 50,000 shares of restricted common stock and options to purchase 50,000 shares of our common stock, which vest over three years. Vesting will accelerate upon a change in control. ‘Change in control’ means the direct or indirect sale, lease, transfer, conveyance or other disposition, of all or substantially all of our properties or assets and our subsidiaries taken as a whole.

     Mr. Stern may terminate his employment upon not less than 30 days written notice.

     We may terminate Mr. Stern at any time with or without cause. If we terminate Mr. Stern without cause, he will have the right to receive severance equal to one month’s compensation for each month he has been employed by us, but such severance shall not be less than six months compensation nor greater than 24 months compensation. If Mr. Stern’s employment is terminated upon or in anticipation of a change in control, then Mr. Stern shall receive severance of no less than one year’s compensation.

     A copy of the press release announcing Mr. Stern’s appointment is Exhibit 99.1 hereto.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits

99.1 Press Release dated November 14, 2006.

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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
Date: November 16, 2006	By:	/s/ Daniel E. O’Brien
	Name:	Daniel E. O’Brien
	Title:	Chief Financial Officer

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EX-99.1

Exhibit 99.1

For further information, contact:

Ashley M. Ammon
Integrated Corporate Relations for TRM Corporation
Office: (203) 682-8200

TRM Corporation Promotes Richard Stern
to Chief Operating Officer

Portland, Oregon: November 14, 2006 – TRM Corporation (NASDAQ: TRMM) announced today that it has appointed Richard Stern to the position of Chief Operating Officer, effective immediately. Mr. Stern joined TRM Corporation on October 1, 2006 as Executive Vice President of Corporate Operations. He is a former General Manager / Vice President with American Tower Corp, where he ran the Company’s rooftop management and in building distributor antennae business.

“We are glad to expand Richard’s responsibilities in his new role as Chief Operating Officer. His proven leadership and past experience lend well to our current plan to restructure the business in the near term,” stated Jeff Brotman, CEO of TRM Corporation.

About TRM

TRM Corporation is a global consumer services company that provides convenience ATM and photocopying services in high-traffic consumer environments. TRM’s ATM and copier customer base is widespread, with retailers throughout the United States and an extensive network of ATM and copier units worldwide. TRM has the second largest non-bank ATM network in the United States and the United Kingdom, as well as ATM locations throughout Canada, 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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