-----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, Rp7+DyecAZKonTWpT90OS+u6UpR3mQbAQK5R380Bm5eR0REltCQ4bjx9P+IKLOH+ g7TrzKquOM8aatyo74YPmQ== 0000897101-06-001447.txt : 20060724 0000897101-06-001447.hdr.sgml : 20060724 20060724170319 ACCESSION NUMBER: 0000897101-06-001447 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060718 ITEM INFORMATION: Entry into a Material Definitive Agreement 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: 20060724 DATE AS OF CHANGE: 20060724 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTRICON CORP CENTRAL INDEX KEY: 0000088790 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS & ACCESSORIES [3670] IRS NUMBER: 231069060 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05005 FILM NUMBER: 06977050 BUSINESS ADDRESS: STREET 1: 1260 RED FOX ROAD CITY: ARDEN HILLS STATE: MN ZIP: 55112 BUSINESS PHONE: 6516369770 MAIL ADDRESS: STREET 1: 1260 RED FOX ROAD CITY: ARDEN HILLS STATE: MN ZIP: 55112 FORMER COMPANY: FORMER CONFORMED NAME: SELAS CORP OF AMERICA DATE OF NAME CHANGE: 19920703 8-K 1 intricon062885_8k.htm FORM 8-K DATED JUNY 28, 2006 IntriCon Corporation Form 8-K dated July 18, 2006
 
 

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)   July 18, 2006


INTRICON CORPORATION

(Exact name of registrant as specified in its charter)

Pennsylvania

1-5005

23-1069060

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

 

1260 Red Fox Road, Arden Hills, MN 55112

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code (651) 636-9770

 


(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 (see General Instruction A.2. below):

o

Written communications pursuant to Rule 425 under the Securities Act (17CFR 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 1.01.   Entry into a Material Definitive Agreement.

The information contained in Item 5.02 with respect to compensation payable to Mr. Longval is hereby incorporated by reference into this item 1.01.

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

(c)          On July 18, 2006, Scott Longval, age 30, was appointed as Chief Financial Officer, Treasurer and Secretary of the Company. Mr. Longval joined the Company in September, 2005 as Corporate Controller. Previously, he served in various financial positions, most recently as Principal Project Analyst, at ADC Telecommunications, Inc., an Eden Prairie, Minn.-based provider of innovative network infrastructure products and services, from March 2005 to September 2005. Prior to that, Mr. Longval was employed by Accellent, Inc., formerly MedSource Technologies, a Minneapolis-based provider of outsourcing solutions to the medical device market, most recently as Manager of Financial Planning and Analysis, from May 2002 to March 2005. Prior to that, Mr. Longval was employed by Arthur Andersen, most recently as Experienced Audit Senior, from September 1998 to April 2002.

 

Mr. Longval assumes the role of CFO from William J. Kullback, who resigned in May to pursue an opportunity outside of the Company.

 

Mr. Longval will receive an annual salary of $125,000 and will be entitled to receive a bonus under the Company’s 2006 bonus plan equal to up to 50% of his salary, prorated to the date of his appointment as chief financial officer. On July 18, 2006, Mr. Longval also received an option under the Company’s 2006 Equity Incentive Plan to purchase 25,000 shares of common stock at an exercise price of $5.30 per share that will become exercisable in three equal, annual installments beginning on July 18, 2007.

 

The press release issued by the Company in connection with Mr. Longval’s appointment is furnished herewith as Exhibit 99.1.

Item 9.01.   Financial Statements and Exhibits

(c) Exhibits

99.1  Press Release dated July 19, 2006.





SIGNATURE

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.

 

 

 

IntriCon Corporation

 

By: 


/s/   Mark S. Gorder

 

 

 

Mark S. Gorder
Chief Executive Officer

 

Date:  

July 24, 2006








EX-99.1 2 intricon062885_ex99-1.htm PRESS RELEASE DATED JULY 19, 2006 IntriCon Corporation Exhibit 99.1 to Form 8-K dated July 18, 2006

Exhibit 99.1

 

FOR IMMEDIATE RELEASE

 

INTRICON NAMES NEW CFO

 

ST. PAUL, Minn. — July 19, 2006 — IntriCon Corporation (AMEX: IIN), a designer, developer, manufacturer and distributor of miniature and micro-miniature medical and electronic products, has named Scott Longval its new chief financial officer, treasurer and secretary, effective immediately.

Longval joined IntriCon in 2005 as corporate controller. Previously he served in various financial positions at publicly traded ADC Telecommunications, Inc., an Eden Prairie, Minn.-based provider of innovative network infrastructure products and services, and before that, Accellent, Inc., formerly MedSource Technologies, a Minneapolis-based provider of outsourcing solutions to the medical device market.

“We’re excited to have Scott as IntriCon’s CFO at a such a pivotal time for the company,” said Mark S. Gorder, president and chief executive officer. “Today, IntriCon is growing in our four key markets of medical, hearing health, professional audio and electronics. Scott knows our business and his proven financial experience in the medical device and high-tech industries is a valuable asset as we continue to expand the company.”

Longval assumes the role of CFO from William J. Kullback, who resigned in May to pursue an opportunity outside of the company. Longval reports to Gorder.

“I’m excited to take the position of CFO following our successful transformation of the company,” Longval said. “IntriCon has a solid track record and great potential for growth. As a team, we’re committed to further growing the company.”

In addition to his tenure at ADC and Accellent, Longval served as a senior auditor for Arthur Andersen LLP. Longval earned a B.A. from the University of St. Thomas in St. Paul, Minn.



(more)




About IntriCon Corporation

Headquartered in Arden Hills, Minn., IntriCon Corporation designs, develops and manufactures miniature and micro-miniature medical and electronic products.

The company is focused on four key markets: medical, hearing health, professional audio and communications, and electronics. IntriCon has facilities in the United States, Asia and Europe. The company’s common stock trades under the symbol “IIN” on the American Stock Exchange. For more information about IntriCon, visit www.intricon.com.

 

Forward-Looking Statements

Statements made in this release and in IntriCon’s other public filings and releases that are not historical facts or that include forward-looking terminology such as “may”, “will”, “believe”, “expect”, “should”, “optimistic” or “continue” or the negative thereof or other variations thereon are “forward-looking statements” within the meaning of the Securities Exchange Act of 1934 as amended. These forward-looking statements include, without limitation, statements concerning future growth, future financial condition and performance, prospects, and the positioning of the company to compete in chosen markets. These forward-looking statements are affected by known and unknown risks, uncertainties and other factors that are beyond the company’s control, and may cause the company’s actual results, performance or achievements to differ materially from the results, performance and achievements expressed or implied in the forward-looking statements. These risks, uncertainties and factors include, without limitation, the risk that the company may not be able to achieve its long-term strategy, weakening demand for products of the company due to general economic conditions, possible non-performance of developing technological products, the volume and timing of orders received by the company, changes in the mix of products sold, competitive pricing pressures, availability of electronic components for the company’s products, ability to create and market products in a timely manner, competition by competitors with more resources than the company, foreign currency risks arising from the company’s foreign operations and other risks detailed from time to time in the company’s filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended December 31, 2005. The company disclaims any intent or obligation to publicly update or revise any forward-looking statements, regardless of whether new information becomes available, future developments occur or otherwise.

 

Contacts

 

At IntriCon:

Mark Gorder, CEO

651-636-9770

mgorder@intricon.com

At Padilla Speer Beardsley:

Marian Briggs/Matt Sullivan

612-455-1700

mbriggs@psbpr.com / msullivan@psbpr.com

 

 

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