form8k_012910.htm
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
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Date
of Report (Date of earliest event reported)
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January
28, 2010
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MACC
PRIVATE EQUITIES INC.
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(Exact
Name of Registrant as Specified in Its Charter)
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DELAWARE
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0-24412
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42-1421406
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(State
or Other Jurisdiction
of
Incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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580
Second Street, Suite 102, Encinitas, California
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92024
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(Address
of Principal Executive Offices)
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(Zip
Code)
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(760)
479-5080
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Registrant’s
Telephone Number, Including Area
Code
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(Former
Name or Former Address, if Changed Since Last
Report.)
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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
5.02 Departure of Directors or Principal Officers; Election of
Directors; Appointment of Principal Officers.
On
January 28, 2010, Mr. Kevin J. Gadawski was elected to the Board of Directors
(the “Board”)
of MACC Private Equities Inc. (“MACC” or the “Company”). Mr.
Gadawski was elected by the Board to fill a vacancy. It is
anticipated that Mr. Gadawski will stand for election to a one-year term in
office at the MACC annual meeting to be held later this year.
Mr.
Gadawski, age 42, currently serves as President of NL Strategies, Inc., a
consulting firm providing financial and strategic consulting with special
emphasis on acquisition due diligence, forensic accounting, and valuation of
private entities. Prior to starting NL Strategies, Inc. in 2007,
Mr. Gadawski was an Owner and the President of First Check Diagnostics,
LLC, a manufacturer of medical devices located in Lake Forest, California, which
he, along with a group of private individuals, purchased in 2004 from
Ziegler Healthcare, after serving as Chief Operating Officer and Chief Financial
Officer since 2002. Prior to 2002, Mr. Gadawski was Chief
Financial Officer for California Software, a software company located in Irvine,
California, where he headed finance and M&A due diligence and managed HR
administration and investor relations. Prior to joining California
Software in 2001, Mr. Gadawski was Chief Financial Officer at e-Net
Financial.com Corporation, a technology-driven financial resource serving both
commercial and consumer mortgage markets, where he streamlined, strengthened,
and improved financial and administrative operations and held full
accountability for internal and external (SEC) reporting, cash management,
annual budgeting, and investor relations. Prior to joining e-Net
Financial.com Corporation in 2000, Mr. Gadawski served as Director of Internal
Audit at Huffy Corporation and Segment Controller at Huffy Service First, a $150
million wholly owned subsidiary of Huffy Corporation, where he managed general
accounting, billing, payroll, and credit, leading a team of thirty and directing
all internal and external reporting for eighty profit centers. Prior
to 1995, Mr. Gadawski served five years as a Senior Accountant at KPMG Peat
Marwick, serving as lead auditor on numerous engagements for publicly traded
clients in multiple industry sectors. Mr. Gadawski is a Certified
Public Accountant and has a Bachelors of Science in Accounting from Northern
Kentucky University.
Mr.
Gadawski is a not an “interested person” of the Company, as that term is defined
by the Investment Company Act of 1940, as amended. Mr. Gadawski will
serve as a member of both the Audit and Corporate Governance/Nominating
committees of the Board.
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.
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MACC
PRIVATE EQUITIES INC. |
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Date:
January 29, 2010
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By:
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/s/ Derek
Gaertner |
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Derek
Gaertner |
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Chief
Financial Officer |
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