-----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, CYmVIDnndS8lQkFPJpqXv2uOuytdhBxZ4RAp56wHmugmp2u4XhG6I1jG7XQOEsOr z5zHVSqZenNz8y2UeJokEg== 0000090045-07-000004.txt : 20070123 0000090045-07-000004.hdr.sgml : 20070123 20070123100916 ACCESSION NUMBER: 0000090045-07-000004 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070123 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: 20070123 DATE AS OF CHANGE: 20070123 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PARAGON TECHNOLOGIES INC CENTRAL INDEX KEY: 0000090045 STANDARD INDUSTRIAL CLASSIFICATION: CONSTRUCTION, MINING & MATERIALS HANDLING MACHINERY & EQUIP [3530] IRS NUMBER: 221643428 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15729 FILM NUMBER: 07544849 BUSINESS ADDRESS: STREET 1: 600 KUEBLER ROAD CITY: EASTON STATE: PA ZIP: 18040 -929 BUSINESS PHONE: 6102523205 MAIL ADDRESS: STREET 1: 600 KUEBLER RD CITY: EASTON STATE: PA ZIP: 18040-9295 FORMER COMPANY: FORMER CONFORMED NAME: SI HANDLING SYSTEMS INC DATE OF NAME CHANGE: 19920703 8-K 1 f8-k.txt FORM 8-K - NEWS RELEASE - NEW DIRECTORS 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): January 23, 2007 PARAGON TECHNOLOGIES, INC. (Exact Name of Issuer as Specified in Charter) DELAWARE 1-15729 22-1643428 (State or Other Jurisdiction of (Commission File Number) (I.R.S. Employer Incorporation or Organization) Identification Number) 600 KUEBLER ROAD, EASTON, PENNSYLVANIA 18040 (Address of Principal Executive Offices) (610) 252-3205 (Registrant's Telephone Number, Including Area Code) (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act This Current Report on Form 8-K is filed by Paragon Technologies, Inc., a Delaware corporation ("Paragon" or the "Company"), in connection with the matters described herein. Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers On January 23, 2007, the Board of Directors (the "Board") of the Company, upon the recommendation of the Board's Nominating Committee, unanimously elected Mr. Robert Blyskal and Mr. Samuel L. Torrence as directors of the Company, effective February 1, 2007. Messrs. Blyskal and Torrence will serve as directors of the Company until the 2007 Annual Meeting of Stockholders of the Company or until their successors have been elected and qualified. The Board has determined that Messrs. Blyskal and Torrence meet the independence requirements of the American Stock Exchange. The Board has not yet determined the committees of the Board on which Messrs. Blyskal and Torrence will serve. Messrs. Blyskal and Torrence do not have any relationship with the Company that would require disclosure pursuant to Item 404(a) of the Securities and Exchange Commission Regulation S-K. Neither Mr. Blyskal nor Mr. Torrence has a direct or indirect material interest in any existing or currently proposed transaction to which the Company is or may become a party. Robert Blyskal - -------------- Mr. Blyskal is a private investor and has recently retired as President and Chief Operating Officer of GSI Commerce, Inc., a position he held since 2004. From 2003 to 2004, Mr. Blyskal was a consultant to NeighborCare Pharmacies Inc., and from 1993 to 2003, Mr. Blyskal held several executive-level positions at Medco Health Solutions, Inc., including Executive Vice President of Operations and Technology, Senior Vice President of Pharmacy Operations, and Vice President and General Manager. From 1991 to 1993, Mr. Blyskal was Senior Vice President & General Manager of Purolator Courier Ltd, Canada and from 1980 to 1991, Mr. Blyskal held several senior management positions with Federal Express including Managing Director, Regional Manager, and District Engineering Manager. Mr. Blyskal is a graduate of Fairleigh Dickinson University with a BS in Industrial Engineering. Samuel L. Torrence - ------------------ Samuel L. Torrence currently serves as the President and Chief Operating Officer of Just Born, Inc. Prior to his current position, Mr. Torrence held several executive-level positions at Mack Trucks, Inc., including Executive Vice President of Human Resources and Administration, Executive Vice President of Administration & Parts Operations, Senior Vice President of Total Quality Management, and Vice President of Human Resources and Total Quality Management. In addition, from 1985 to 1993, Mr. Torrence held several executive-level positions at Bridgestone Corporation including Vice President of Human Resources and TQC, Vice President of Industrial Relations and TQC, Vice President of Administration of Bridgestone USA, and Director of Human Resources and TQC of Bridgestone USA. Mr. Torrence is a graduate of the General Motors Institute with a BS in Industrial Administration and he also received his JD from the Akron University School of Law. On January 23, 2007, the Company issued a press release announcing the election of Messrs. Blyskal and Torrence as directors of the Company. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference. Item 9.01. Financial Statement and Exhibits The following exhibit is filed with this Form 8-K: (c) Exhibit No. Description ----------- ----------- 99.1 Press Release of Paragon Technologies, Inc. dated January 23, 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. PARAGON TECHNOLOGIES, INC. Date: January 23, 2007 By: /s/ Joel L. Hoffner ----------------- ------------------------- Joel L. Hoffner President and CEO Index of Exhibits (c) Exhibit No. Description 99.1* Press Release of Paragon Technologies, Inc. dated January 23, 2007. - -------------- * Filed herewith EX-99 2 ex99-1.txt EXHIBIT 99.1 - NEWS RELEASE EXHIBIT 99.1 ------------ [PARAGON LOGO] NEWS - -------------------------------------------------------------------------------- FOR: PARAGON TECHNOLOGIES, INC. CONTACTS: Joel Hoffner, President and CEO 610-252-3205 610-252-3102 (Fax) www.ptgamex.com --------------- PARAGON TECHNOLOGIES ANNOUNCES ADDITIONS TO ITS BOARD OF DIRECTORS - - - - - EASTON, PA -- January 23, 2007 -- Paragon Technologies, Inc. (AMEX:PTG), a leading supplier of "smart" material handling solutions, including systems, technologies, products and services, announced today that Robert Blyskal and Samuel L. Torrence have been elected to the Board of Directors of Paragon Technologies, Inc., effective February 1, 2007. Commenting on the announcement, Chairman of the Board, Ted Myers, stated, "That after an extensive search process, we are pleased that both of these prominent businessmen are joining our Board of Directors and look forward to their contribution." Robert Blyskal Mr. Blyskal, age 52, is a private investor and has recently retired as President and Chief Operating Officer of GSI Commerce, Inc., a position he held since 2004. GSI Commerce, Inc. is a NASDAQ publicly traded company that provides e-commerce solutions that enable retailers, branded manufacturers, entertainment companies, and professional sports organizations to operate e-commerce businesses. From 2003 to 2004, Mr. Blyskal was a consultant to NeighborCare Pharmacies Inc., a provider of pharmacy services, infusion, medical supplies and equipment, and oxygen and respiratory medications to the long-term care marketplace. From 1993 to 2003, Mr. Blyskal held several executive-level positions at Medco Health Solutions, Inc., including Executive Vice President of Operations and Technology, Senior Vice President of Pharmacy Operations, and Vice President and General Manager. Medco Health Solutions, Inc. is a pharmacy benefit manager with mail order pharmacy operations. From 1991 to 1993, Mr. Blyskal was Senior Vice President & General Manager of Purolator Courier Ltd., Canada, and from 1980 to 1991, Mr. Blyskal held several senior management positions with Federal Express including Managing Director, Regional Manager, and District Engineering Manager. Mr. Blyskal began his career in 1976 with UPS. While at UPS from 1976 to 1980, Mr. Blyskal was an Industrial Engineering Supervisor. Mr. Blyskal is a graduate of Fairleigh Dickinson with a BS in Industrial Engineering. [MORE] We Build Productivity [SI SYSTEMS LOGO] - -------------------------------------------------------------------------------- PARAGON TECHNOLOGIES, INC. o 600 Kuebler Road o Easton, PA 18040-9201 o 610.252.3205 o Fax 610.252.3102 www.ptgamex.com --------------- [PARAGON LOGO] Page 2 - -------------------------------------------------------------------------------- Samuel L. Torrence Samuel L. Torrence, age 55, currently serves as the President and Chief Operating Officer of Just Born, Inc., a position he has held since 2005. Mr. Torrence joined Just Born, Inc. in 2002 as Executive Vice President. Just Born, Inc. is a privately owned confectionery manufacturer of hard candy, jellybeans, marshmallows, and other candy products. From 1993 to 2001, Mr. Torrence held several executive-level positions at Mack Trucks, Inc., including Executive Vice President of Human Resources and Administration, Executive Vice President of Administration & Parts Operations, Senior Vice President of Total Quality Management, and Vice President of Human Resources and Total Quality Management. A wholly owned subsidiary of AB Volvo since January 2001, Mack Trucks produces and markets heavy- and medium-duty trucks for use in a variety of industries. In addition, from 1985 to 1993, Mr. Torrence held several executive-level positions at Bridgestone Corporation including Vice President of Human Resources and TQC, Vice President of Industrial Relations and TQC, Vice President of Administration of Bridgestone USA, and Director of Human Resources and TQC of Bridgestone USA. Bridgestone Corporation is a Japan-based manufacturing company that is primarily engaged in the manufacture and sale of tires and tubes and the sale of tire-related products for passenger automobiles, trucks, buses, construction and industrial vehicles, agricultural machinery, aircrafts, and motorcycles. Mr. Torrence began his career in 1969 with the Terex Corporation, a Division of General Motors Corporation. While at Terex Corporation from 1969 to 1985, Mr. Torrence moved up through the ranks to become Vice President of Human Resources and Law. Mr. Torrence is a graduate of the General Motors Institute with a BS in Industrial Administration, and he also received his JD from the Akron University School of Law. About Paragon Technologies Paragon Technologies is a leader in integrating material handling systems and creating automated solutions for material flow applications. SI Systems' Production & Assembly and Order Fulfillment branded technologies and material handling solutions address unit assembly in manufacturing operations and order fulfillment applications. One of the top material handling systems suppliers worldwide, SI Systems leading clients have included the United States Postal Service, BMG, Peterbilt, Honda, CVS Pharmacy, Maybelline, and Walgreens. * * * - ------------------------- Cautionary Statement. Certain statements contained herein are not based on historical fact and are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities and Exchange Commission rules, regulations and releases. Paragon intends that such forward-looking statements be subject to the safe harbors created hereby. Among other things, the forward-looking statements regard Paragon's earnings, liquidity, financial condition, review of strategic alternatives, and other matters. Words or phrases denoting the anticipated results of future events, such as "anticipate," "does not anticipate," "should help to," "believe," "estimate," "is positioned," "expects," "may," "will," "is expected," "should," "continue," and similar expressions that denote uncertainty, are intended to identify such forward-looking statements. Paragon's actual results, performance, or achievements could differ materially from the results expressed in, or implied by, such "forward-looking statements:" (1) as a result of factors over which Paragon has no control, including the strength of domestic and foreign economies, sales growth, competition, and certain cost increases; and (2) if the factors on which Paragon's conclusions are based do not conform to its expectations. The forward-looking statements contained in this press release may become outdated over time. Paragon does not assume any responsibility for updating any forward-looking statements. Furthermore, achievement of the objectives of the Company is subject to certain risks, including, but not limited to, those risks outlined in Paragon's filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2005 and the most recent quarterly report on Form 10-Q for the quarter ended September 30, 2006. This press release and prior releases are available at www.ptgamex.com. --------------- -----END PRIVACY-ENHANCED MESSAGE-----