8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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 9, 2007

Datawatch Corporation

(Exact Name of Registrant as Specified in Its Charter)

Delaware

(State or Other Jurisdictionof Incorporation)

000-19960	02-0405716
(Commission File Number)	(IRS Employer Identification No.)

Quorum Office Park 271 Mill Road Chelmsford, Massachusetts	01824
(Address of Principal Executive Offices)	(Zip Code)

(978) 441-2200

(Registrant’s Telephone Number, Including Area Code)

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 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 Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(c)Appointment of Chief Operating Officer and Chief Marketing Officer

On March 9, 2007, the Board of Directors of Datawatch Corporation (the “Company”) appointed Kenneth P. Bero as Chief Operating Officer & Senior Vice President of Sales of the Company and appointed John Kitchen as Chief Marketing Officer & Senior Vice President of the Company. Both appointments are effective as of April 1, 2007.

Mr. Bero, age 53, was most recently the Senior Vice President Enterprise Solutions for the Company. In June 2006, Mr. Bero joined the Company as Vice President of Enterprise Sales for North America. Prior to joining Datawatch, Mr. Bero served as Vice President, North American Channel Sales at Business Objects. Mr. Bero also held the position of Chief Operating Officer and Executive Vice President of Sales and Marketing at NAVIDEC, a NASDAQ listed software development and services company.

Mr. Kitchen, age 52, has worked for the Company for over nine years, most recently as Senior Vice President of Desktop & Server Solutions. Prior to joining Datawatch, Mr. Kitchen provided marketing services to a variety of high tech companies including Citrix Systems, Inc., Sun Microsystems, Inc. and Teradyne Inc., as a founder and partner of Spiessl Kitchen Vosik Advertising.

On March 15, 2007, the Company issued a press release regarding the appointment of Mr. Bero and Mr. Kitchen. The press release is attached as Exhibit 99.1 to this report and is incorporated herein by reference.

(e)Salary Increases

In connection with their new appointments, effective April 1, 2007, Mr. Bero’s base salary was increased from $170,000 per year to $200,000 per year and Mr. Kitchen’s base salary was increased from $176,000 per year to $190,000 per year. Also on March 9, 2007, the Board of Directors approved a base salary increase for Robert W. Hagger, the Company’s President and Chief Executive Officer from $276,000 per year to $300,000 per year. Mr. Hagger’s base salary increase is retroactively effective as of March 1, 2007.

Item 9.01 Financial Statements and Exhibits.

(d)  Exhibits

The following Exhibits are filed as part of this report:

Exhibit No. Description

99.1 Press Release dated March 15, 2007

 

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.

	DATAWATCH CORPORATION
Date:March 15, 2007
	By: /s/ Robert W. Hagger
	Name: Robert W. Hagger
	Title:   President and Chief Executive Officer

EX-99.1

EXHIBIT 99.1

Datawatch Promotes Two Senior Executives to New Duties

Chelmsford, Mass. - (PRNewswire) - March 15, 2007 - Datawatch Corporation (NASDAQ-CM: DWCH), a leader in the rapidly growing Enterprise Information market, today announced that two senior executives have been promoted to new duties providing more focus on the future growth of the business. The Company has promoted Kenneth P. Bero to Chief Operating Officer & Senior Vice President of Sales, reflecting his expanded responsibilities for worldwide sales, professional services and business operations, and John Kitchen to Chief Marketing Officer & Senior Vice President, demonstrating the Company’s commitment to implementing new market strategies for new products, and also upgrading the Company’s investor relations initiatives. Both positions will become effective on April 1, 2007.

In his new role as Chief Operating Officer and Senior Vice President of Sales, Mr. Bero will be responsible for managing day-to-day operations, leading the company's worldwide sales strategy and identifying new customer segments and regions that provide opportunity for future growth.Mr. Bero has more than 20 years of sales, commercial operations and management experience. Prior to joining Datawatch in June 2006 to take responsibility for Enterprise Sales, Mr. Bero served as Vice President, North American Channel Sales at Business Objects. During this time, Mr. Bero grew his organization from $30 million to $75 million, and developed alliances with key distribution channels, Value Added Reseller’s, Systems Integrators and over 4,000 direct and indirect partners. Mr. Bero also held the position of COO and Executive Vice President of Sales and Marketing at NAVIDEC, a NASDAQ listed software development and services company.

In his new role as Chief Marketing Officer & Senior Vice President, Mr. Kitchen will be responsible for worldwide marketing operations, managing the Company's strategic product direction and identifying new vertical market opportunities. Mr. Kitchen has more than 20 years of marketing and management experience. Prior to joining Datawatch, Mr. Kitchen provided marketing services to a variety of high tech companies including Citrix, Sun and Teradyne, as a founder and partner of Spiessl Kitchen Vosik Advertising. 

“Ken is a proven and successful leader with considerable experience managing high-growth sales organizations.” Robert Hagger added. “His unique understanding of our market and customer base will make a significant contribution to the Datawatch expansion strategy. John Kitchen has been with Datawatch for 9 years and brings strong product and market expertise to this new role. John joined the company in March 1998 as Director of Marketing, quickly moving up to Vice President of Marketing in 1999. In July 2001 John was appointed Senior Vice President of Desktop and Server Solutions. We want to expand the success he has had with our Desktop and Server solutions to encompass the entire product line.

“We have assembled a strong team with the collective goal of realizing Datawatch’s great potential,” added Hagger, “We have a mature worldwide organization serving a customer base of more than 20,000 corporations, innovative technology and a pipeline of new products for 2007. I look forward to an exciting future.”

ABOUT DATAWATCH CORPORATION

Datawatch Corporation is a leader in the rapidly growing Enterprise Information Management market space. By providing solutions that build on a Service Oriented Architecture (SOA) framework and its Monarch report and data mining technology, Datawatch allows organizations to archive, access, enhance, analyze and deliver information from wherever it resides inside or outside the enterprise to solve business problems. Datawatch products are used in more than 20,000 companies, institutions and government agencies worldwide.

Datawatch corporate headquarters are located at 271 Mill Road, Quorum Office Park, Chelmsford, MA 01824. For more information, visit Datawatch at www.datawatch.com.

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Datawatch contact: Lisa G. Kilpatrick, Marketing Communications Manager

lisa_kilpatrick @datawatch.com

Phone (978) 441-2200, ext. 8240

Fax: (978) 453-4443