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): June 10, 2005
PERFORMANCE TECHNOLOGIES, INCORPORATED
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
0-27460 16-1158413
(Commission File Number) (I.R.S. Employer Identification No.)
205 Indigo Creek Drive, Rochester, New York 14626
(Address of principal executive offices) (Zip Code)
(585) 256-0200
(Registrants's telephone number, including area code)
(Not Applicable)
(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:
[ ] 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 8.01. Other Events
On June 1, 2005, Performance Technologies, Incorporated (the "Company") engaged
an executive search firm, Vell & Associates, to assist with the search and
retention of a new Chief Executive Officer. The search firm will be paid a
retainer for its services.
On January 20, 2003, the Company created the position of Chief Strategic Officer
which was filled by John M. Slusser, in addition to his role as Chairman of the
Board. The Company subsequently announced that effective June 30, 2004, Mr.
Slusser would transition back to the role of outside Director and Chairman of
the Board over a six month period. On December 3, 2004 the Board of Directors
extended the transition period for Mr. Slusser on a month-to-month basis to
enable him to adequately conclude an initiative he had undertaken as Chief
Strategic Officer. On June 2, 2005, the Board of Directors and Mr. Slusser
agreed that his duties as Chief Strategic Officer were fulfilled and the Board
of Directors accepted Mr. Slusser's resignation from that position, effective
May 31, 2005. Mr. Slusser shall continue to serve as an outside Director and
Chairman of the Board.
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.
June 10, 2005 By:/s/ Donald L. Turrell
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Donald L. Turrell
President and
Chief Executive Officer
June 10, 2005 By:/s/ Dorrance W. Lamb
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Dorrance W. Lamb
Chief Financial Officer and
Vice President of Finance