-----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, QQoU98qJjGKsfzbkHBdForvCRHG+/5GMRy75Edrh9Qa0KiFHBwy/byrhQamSfDu9 adWhSYg3+mJSqvoKgYG2pw== 0001104659-07-027959.txt : 20070412 0001104659-07-027959.hdr.sgml : 20070412 20070412160101 ACCESSION NUMBER: 0001104659-07-027959 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20070411 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: 20070412 DATE AS OF CHANGE: 20070412 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TYCO INTERNATIONAL LTD /BER/ CENTRAL INDEX KEY: 0000833444 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC CONNECTORS [3678] IRS NUMBER: 000000000 STATE OF INCORPORATION: D0 FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13836 FILM NUMBER: 07763685 BUSINESS ADDRESS: STREET 1: 90 PITTS BAY ROAD STREET 2: THE ZURICH CENTRE SECOND FLOOR CITY: PEMROKE HM 08 BERMU STATE: D0 BUSINESS PHONE: 4412928674 MAIL ADDRESS: STREET 1: C/O TYCO INTERNATIONAL (US) INC STREET 2: ONE TYCO PARK CITY: EXETER STATE: NH ZIP: 03833 FORMER COMPANY: FORMER CONFORMED NAME: ADT LIMITED DATE OF NAME CHANGE: 19930601 8-K 1 a07-10477_18k.htm 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): April 11, 2007

TYCO INTERNATIONAL LTD.

 (Exact Name of Registrant as Specified in its Charter)

 

Bermuda

 

98-0390500

(Jurisdiction of Incorporation)

 

(IRS Employer Identification Number)

 

001-13836

(Commission File Number)

Second Floor, 90 Pitts Bay Road

Pembroke, HM 08, Bermuda

(Address of Principal Executive Offices, including Zip Code)

441-292-8674

(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:

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    Directors or Principal Officers; Election of Directors; Appointment of Certain Officers; Arrangements of Certain Officers.

 

On April 11, 2007, Tyco International Ltd. issued a press release announcing that Dr. Juergen Gromer, President and Vice Chairman of Tyco’s Electronics business segment, will retire from the Company on December 31, 2007.  Dr. Gromer’s retirement will result in the termination of the Employment Agreement between Dr. Gromer and the Company dated as of October 1, 1999, as amended, and filed as an exhibit  to our Annual Report on Form 10-K for the fiscal year ended September 29, 2006.  In accordance with the terms of a release and separation agreement between the Company and Dr. Gromer dated April 10, 2007, Dr. Gromer will be entitled to receive a lump sum payment equal to 24 months base and target bonus in satisfaction of the Company’s obligations to Dr. Gromer under the Retention Agreement dated March 22, 2006 and filed as an exhibit to our Annual Report on Form 10-K for the fiscal year ended September 29, 2006.  The agreement restricts Dr. Gromer from soliciting Tyco Electronics customers and employees and from competing with Tyco Electronics during the remaining term of his employment and for a period of twenty-four (24) months thereafter.

Item 9.01.    Financial Statements and Exhibits.

 

(c) Exhibits

Exhibit No. Description

 

99.1        Press release issued April 11, 2007

 

2




 

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.

 

TYCO INTERNATIONAL LTD.

 

(Registrant)

 

 

 

 

By:

/s/ Carol Anthony Davidson

 

 

Carol Anthony Davidson

 

 

Senior Vice President, Controller and

 

 

Chief Accounting Officer

 

Date: April 12, 2007

 

3



EX-99.1 2 a07-10477_1ex99d1.htm EX-99.1

Exhibit 99.1

F O R    I M M E D I A T E    R E L E A S E

Media Relations

Tyco International
Investor Relations

Tyco Electronics
Investor Relations

Sheri Woodruff

Ed Arditte

John Roselli

610-893-9555

609-720-4621

610-893-9559

609-933-9243 (mobile)

Karen Chin

Keith Kolstrom

swoodruff@tyco.com

609-720-4398

717-986-7689

 

TYCO ELECTRONICS’ PRESIDENT JUERGEN GROMER TO RETIRE AT END OF 2007

PEMBROKE, Bermuda — April 11, 2007 — Tyco International Ltd. (NYSE: TYC; BSX: TYC) today announced that Dr. Juergen W. Gromer, 62, president of Tyco Electronics, will retire on December 31, 2007.  Until his retirement, Gromer will remain as president and will serve as an advisor to Tyco Electronics’ Chief Executive Officer Tom Lynch.  As previously announced, Gromer will join the Tyco Electronics board of directors when it becomes effective upon the completion of Tyco’s proposed separation transaction and plans to serve on the board beyond his retirement from the company.

“Juergen has been a major force in building Tyco Electronics into the business it is today,” said Lynch.  “He is a leader in the industry who is widely known for his commitment to customers and his passion for and dedication to our business.  All of us at Tyco Electronics thank him for his many years of leadership and service and are excited that he will continue to advise the company as a member of our board of directors.”

In his 24 years at AMP/Tyco Electronics, Gromer has held a wide variety of regional and global assignments including senior vice president of worldwide sales and services, president of the global automotive division, vice president of central and Eastern Europe, and general manager of AMP Germany.

The Tyco Electronics’ executives leading the electronic components segment, who previously reported to Gromer, will now report to Lynch.




 

ABOUT TYCO INTERNATIONAL

Tyco International Ltd. is a global diversified company that provides vital products and services to customers in four business segments: Electronics, Fire & Security, Healthcare, and Engineered Products & Services. With 2006 revenue of $41 billion, Tyco employs approximately 240,000 people worldwide. More information on Tyco can be found at www.tyco.com.

ABOUT TYCO ELECTRONICS

Tyco Electronics, currently a business segment of Tyco International Ltd., is a leading global provider of engineered electronic components, network solutions and wireless systems, with 2006 sales of nearly $13 billion to customers in 150 countries. Tyco Electronics designs, manufactures and markets products for customers in industries from automotive, appliances and aerospace and defense to telecommunications, computers and consumer electronics. With over 8,000 engineers and worldwide manufacturing, sales and customer service capabilities, Tyco Electronics’ commitment is its customers’ advantage. More information on Tyco Electronics can be found at www.tycoelectronics.com.

#  #  #

2



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