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
|
February 6, 2013 |
||
| (Date of earliest event reported) | ||
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Trans World Corporation |
||
| (Exact name of registrant as specified in its charter) | ||
|
Nevada |
0-25244 |
13-3738518 |
| (State or other jurisdiction | (Commission File Number) | (IRS Employer |
| of incorporation) | Identification No.) | |
|
545 Fifth Avenue, Suite 940, New York, New York |
10017 |
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| (Address of principal executive offices) | (Zip Code) | |
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(212) 983-3355 |
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| (Registrant’s telephone number, including area code) | ||
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Not Applicable |
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| (Former name, former address and former fiscal year, 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):
⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
⃞ 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
On February 1, 2013, Trans World Corporation’s Board of Directors elected one new independent director effective February 6, 2013. This director joins the Company’s Board in addition to the currently sitting members.
The new director is Patrick J. Bennett, Sr. Mr. Bennett has more than 25 years of experience as a high-level executive in the Communications field, both nationally and internationally, with tenures at Sprint PCS, Rogers AT&T Wireless, Cambridge Positioning System, and Tesso Technologies. More recently, Mr. Bennett worked with Covad Communications as Executive Vice President – Strategic Imperatives and then as the Company’s President and CEO. Currently, Mr. Bennett is the President and Founder of CEO Strategies Group, a private consulting firm dedicated to building high-performance executive teams.
ITEM 9.01 Financial Statements and Exhibits
(d) Exhibits:
Exhibit 99.1 – Press Release dated February 6, 2013.
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.
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TRANS WORLD CORPORATION |
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Date: February 6, 2013 |
By: |
/s/ Rami S. Ramadan |
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| Rami S. Ramadan | |||
| President, Chief Executive Officer | |||
2
Exhibit 99.1
Trans World Corporation Appoints Patrick J. Bennett to Board of Directors
NEW YORK--(BUSINESS WIRE)--February 6, 2013--Trans World Corporation (OTC: TWOC) (“TWC” or the “Company”), a premier owner and operator of casinos and a hotel in Europe, today announced that Patrick J. Bennett, Sr., has joined the Company’s Board of Directors as an Independent Director effective immediately.
Mr. Bennett’s background includes more than 25 years experience in business development, primarily within the telecommunications industry, including several executive leadership positions for both national and international corporations. Mr. Bennett brings to Trans World an extensive background in business, as well as in technology and communications which the Company believes will be applicable to its future development given the continuous technological advancements within the industry.
Mr. Bennett is the Founder and President of CEO Strategies Group, a private consulting firm focused on providing business development strategies for executive management teams of public- and privately-held companies. Mr. Bennett previously served as President and Chief Executive Officer of Covad Communications, an American provider of broadband voice and data communications, where he was responsible for developing long-term business strategies to reach and maintain profitability.
Rami S. Ramadan, Chief Executive Officer of TWC stated, "We are extremely pleased to welcome Pat to the Company’s Board. We are confident that his background in executive-level management consulting, combined with his experience in dealing with financial markets, will prove to be an invaluable resource for the Company. We look forward to working with him in the years ahead.”
About Trans World Corporation
Trans World Corporation, founded in 1993, is a publicly traded, US corporation with all of its gaming and hotel operations in Europe. Additional information about TWC and its Czech subsidiaries, American Chance Casinos and Hotel Savannah, can be found at www.transwc.com, www.american-chance-casinos.com and www.hotel-savannah.com.
The press release herein contains certain forward-looking statements and data. For this purpose, any statements and data contained herein that are not historical fact may be deemed to be forward-looking data. Without limiting the foregoing, words such as “may,” “will,” “expect,” “believe,” “anticipates,” “estimates,” or “continue” or comparable terminology or the negative thereof are intended to identify certain forward-looking statements. These statements, by their nature, involve substantial risks and uncertainties, both known and unknown, and actual results may differ materially from any future results expressed or implied by such forward-looking statements. The company undertakes no obligation to publicly update or revise any forward-looking statements or data whether as a result of new information, future events or otherwise.
CONTACT:
Trans World Corporation
www.transwc.com
Jill
Yarussi, Manager of Communications
JYarussi@transwc.com
212-983-3355
or
Investor
Relations Counsel:
The Equity Group Inc.
www.theequitygroup.com
Adam
Prior, Vice President
APrior@equityny.com
212-836-9606
or
Terry
Downs, Account Executive
Tdowns@equityny.com
212-836-9615