-----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, MJfji/7VBYU9u8TnxumzcpMzfRjY5BRyEVhSt4W/jfNCl04KXeepS0MdzVEPckf0 BtinFk4+4MoWSE/HmwQ5hw== 0001104659-06-055415.txt : 20060816 0001104659-06-055415.hdr.sgml : 20060816 20060816094239 ACCESSION NUMBER: 0001104659-06-055415 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20060816 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: 20060816 DATE AS OF CHANGE: 20060816 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GTSI CORP CENTRAL INDEX KEY: 0000850483 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-COMPUTER & PERIPHERAL EQUIPMENT & SOFTWARE [5045] IRS NUMBER: 541248422 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-19394 FILM NUMBER: 061037035 BUSINESS ADDRESS: STREET 1: 3901 STONECROFT BLVD CITY: CHANTILLY STATE: VA ZIP: 20151-0808 BUSINESS PHONE: 703-502-2000 MAIL ADDRESS: STREET 1: 3901 STONECROFT BLVD CITY: CHANTILLY STATE: VA ZIP: 20151-1010 8-K 1 a06-18169_18k.htm CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES

 

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): August 16, 2006

 

GTSI Corp.

 

Incorporated in Delaware

 

Commission File No. 0-19394

 

I.R.S. Employer Identification No. 54-1248422

 

3901 Stonecroft Boulevard

Chantilly, Virginia  20151-1010

(703) 502-2000

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy 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 materials 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 August 16, 2006, Thomas A. Mutryn resigned his position as Chief Financial Officer of GTSI Corp. (the “Company) effective immediately.

(c)           On August 16, 2006, the Company appointed Joe Ragan, as Chief Financial Officer of the Company effective immediately.  Mr. Ragan formerly held the position of Vice President of Finance and Corporate Controller of the Company.

Mr. Ragan, 45, brings more than 20 years of progressive financial management experience to his current role, including various positions at Winstar Communications, PSEG Global, the AES Corporation and Deloitte & Touche.  Most recently he served as an interim financial executive for several privately and publicly held companies.  Over the past five years, Mr. Ragan served as “acting” Controller of Tronox Incorporated, Chief Financial Officer of Avcraft Holdings, LLC, Senior Vice President of Global Radio, S.A., and Chief Financial Officer of Para-Protect Services Inc.

Mr. Ragan graduated from the University of the State of New York with a Bachelor of Science in Accounting and received a Masters of Science in Accounting, from George Mason University.  Mr. Ragan is a Certified Public Accountant licensed in the Commonwealth of Virginia.

There is no arrangement or understanding pursuant to which Mr. Ragan was selected as an officer.  Mr. Ragan has no familial relationship with any director, executive officer, or person nominated or chosen by the Company to become a director or executive officer.  As of this time, the terms of Mr. Ragan’s employment arrangement with the Company have not been finalized.

A copy of the Company’s press release announcing Mr. Mutryn’s resignation and the appointment of Mr. Ragan is attached to this current report on Form 8-K as Exhibit 99.1.

Item 9.01            Financial Statements and Exhibits

(d)            Exhibits.

99.1

 

Press Release issued by GTSI Corp., headlined “GTSI Announces Joe Ragan as Chief Financial Officer” dated August 16, 2006.

 

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 thereunto duly authorized.

 

GTSI Corp.

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ James J. Leto

 

 

 

 

James J. Leto

 

 

 

 

President and CEO

 

Date:  August 16, 2006

3



EX-99.1 2 a06-18169_1ex99d1.htm EX-99

Exhibit 99.1

GTSI Announces Joe Ragan as Chief Financial Officer

CHANTILLY, VA  — August 16, 2006 — GTSI Corp. (NASDAQ: GTSI), a leading government technology solutions provider, today announced that Joe Ragan will assume the position of Senior Vice President — Finance and  Chief Financial Officer of the Company as of August 16, 2006.  Prior to this new position, Mr. Ragan was the Vice President of Finance and Corporate Controller at GTSI Corp.

“We are delighted to have someone as capable as Joe Ragan in this critically important role,” said Jim Leto, President and Chief Executive Officer of GTSI.  “We are excited about the many positive trends we are seeing in the business, and I know that Joe will help ensure that the Company continues to move forward in terms of increased profitability, strengthened financial controls and improved financial health.”

Mr. Ragan will succeed Tom Mutryn who has decided to leave the company after three and one-half years of service.  On behalf of the Board of Directors and the Company, I want to thank Tom for his years of service to GTSI,” continued Mr. Leto.  “Coming into 2006, I asked Tom to focus on three goals — securing new bank financing, improving our liquidity, and strengthening our accounting team.  Tom has achieved each of those critical goals, and he now feels the time is right for him to explore new opportunities.  We wish him well, and we are grateful for his contribution, dedication, and hard work.”

About GTSI Corp.

GTSI Corp. is the leading information technology product and solutions provider, combining best of breed products and services to produce solutions that meet government’s evolving needs. For more than two decades, GTSI has focused exclusively on Federal, State, and Local government customers worldwide, offering a broad range of products and services, an extensive contract portfolio, flexible financing options, global integration and worldwide distribution. GTSI’s unique Technology Practices consisting of certified experts, deliver exceptional solutions to support government’s critical transformation efforts.  Additionally, GTSI focuses on systems integrators on behalf of government programs. GTSI is headquartered in Northern Virginia, outside of Washington, D.C. Further information about the Company is available at www.GTSI.com/About.

GTSI Contact
Paul Liberty
(703) 502-2540
Paul.Liberty@gtsi.com

### ###



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