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): December 15, 2007
MTS SYSTEMS CORPORATION
(Exact name of registrant as specified in its charter)
Minnesota |
0-2382 |
41-0908057 |
(State or other jurisdiction |
(Commission |
(IRS Employer |
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14000 Technology Drive |
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Eden Prairie, Minnesota |
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55344 |
(Address of principal executive offices) |
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(Zip Code) |
Registrants telephone number, including area code: (952) 937-4000
N/A
(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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 15, 2007 the Board of Directors of MTS Systems Corporation (the Company) elected Laura B. Hamilton as Chief Executive Officer of the Company, in addition to her current position as President. She will also continue as a director on the Companys Board of Directors. The election was announced by the Company on December 18, 2007 and will be effective January 15, 2008.
Ms. Hamilton, 46, has been President and Chief Operating Officer of the Company and a member of the Board of Directors since June 2007, was Senior Vice President of the Companys Test business from 2003 until 2007, Vice President, Material Testing, Aerospace, and Test Manufacturing Operations for the Company from 2000 until 2002 and Director of Business Process Improvement from 1999 until 2000.
Sidney W. Emery, Jr. will continue with the Company in his capacity as Chairman of the Board through the end of fiscal 2008.
Effective January 15, 2008, in connection with her election to serve as Chief Executive Officer, Ms. Hamiltons salary will be increased to $400,000. There has been no change to Ms. Hamiltons other compensation although the Board may consider other changes following commencement of her new duties.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release issued on December 18, 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 thereunto duly authorized.
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MTS SYSTEMS CORPORATION | |
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(Registrant) | |
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Date: December 19, 2007 |
By: |
/s/ SIDNEY W. EMERY, JR. |
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Sidney W. Emery, Jr. |
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Chairman and Chief Executive Officer |
MTS SYSTEMS CORPORATION
FORM 8-K REPORT
INDEX TO EXHIBITS
Exhibit No. |
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Description |
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99.1 |
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Press Release issued on December 18, 2007. |