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): August 3, 2005
Advanced Energy Industries, Inc.
(Exact name of registrant as specified in its charter)
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Delaware
(State or other jurisdiction
of incorporation)
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000-26966
(Commission
File Number)
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84-0846841
(IRS Employer
Identification No.) |
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1625 Sharp Point Drive, Fort Collins, Colorado
(Address of principal executive offices)
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80525
(Zip Code) |
Registrant’s telephone number, including area code: (970) 221-4670
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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 1.01 Entry into a Material Definitive Agreement.
On August 3, 2005, Advanced Energy Industries, Inc. and Douglas S. Schatz agreed upon final terms
relating to Mr. Schatz’ retirement from his positions as Chief Executive Office and President of
Advanced Energy as of July 31, 2005. The agreed upon terms are set forth in the Retirement Term
Sheet filed as Exhibit 10.1 to this Current Report on Form 8-K, which is incorporated herein by
reference. Pursuant to the Retirement Term Sheet, Mr. Schatz will not receive any retirement
payment and, except for medical insurance, the premiums for which shall be paid by Mr. Schatz, his
salary and benefits ceased as of July 31, 2005 (the “Retirement Date”). Options to purchase 21,876
shares of common stock granted to Mr. Schatz by Advanced Energy, with exercise prices ranging from
$8.37 to $10.03 per share, which options were unvested immediately prior to the Retirement Date,
were accelerated so as to be fully vested as of the Retirement Date and exercisable for 90 days
thereafter.
Item 9.01 Financial Statements and Exhibits.
(c) The following exhibit is filed pursuant to Item 1.01:
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10.1
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Retirement Term Sheet relating to Douglas S. Schatz |
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.
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Advanced Energy Industries, Inc.
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| Date: August 8, 2005 |
/s/ Michael El-Hillow
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Michael El-Hillow, Executive Vice President |
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and Chief Financial Officer |
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