WWW.EXFILE.COM, INC. -- 888-775-4789 -- SCHNITZER STEEL INDUSTRIES, INC. -- FORM 8K
 
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 7, 2007

 
SCHNITZER STEEL INDUSTRIES, INC.
(Exact Name of Registrant as Specified in Its Charter)

OREGON
(State or Other Jurisdiction
of Incorporation)
0-22496
(Commission File Number)
93-0341923
(I.R.S. Employer
Identification No.)

3200 N.W. Yeon Ave.
P.O. Box 10047
Portland, OR
(Address of Principal Executive Offices)
 
 
97296-0047
(Zip Code)

Registrant’s Telephone Number Including Area Code:  (503) 224-9900
 

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):

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 Principal Officers; Election of Directors; Appointment of Principal Officers
 
On December 7, 2007, Schnitzer Steel Industries, Inc. (the “Company”) announced that Richard D. Peach was appointed as Chief Financial Officer of the Company, effective immediately.  Mr. Peach, who had served as Deputy Chief Financial Officer and principal accounting officer of the Company from March 30, 2007 until December 7, 2007, replaces Gregory J. Witherspoon as Chief Financial Officer.  Prior to joining the Company, Mr. Peach, 44, was the Chief Financial Officer and Senior Vice President with the multi-state energy utility, PacifiCorp, from 2003 to 2006.  Prior to 2003, he served in a variety of positions with Scottish Power plc, an international energy company headquartered in Glasgow, Scotland.  Mr. Peach is a member of The Institute of Chartered Accountants of Scotland.

The Company has not amended the letter agreement, dated March 2, 2007, with Mr. Peach regarding his position as an officer of the Company.  The description of that letter agreement appears under Item 5.02 of the Form 8-K filed by the Company on March 22, 2007 and is incorporated by reference herein.

On December 7, 2007, the Company also announced that Jeff P. Poeschl, who currently serves as Vice President and Corporate Controller, will also serve as the Company’s principal accounting officer.  Mr. Poeschl, who joined the Company in February 2007, earned a Bachelor of Business Administration from the University of Wisconsin and is a Certified Public Accountant.  Prior to joining the Company in February 2007, he was Vice President – Finance with Mesa Air Group in Phoenix, Arizona, from 2000 to 2007.

Gregory J. Witherspoon has agreed to take on the new role of Vice President of Special Projects, focusing on specific areas of the Company’s businesses which will benefit from  his financial expertise and broad business experience.

A copy of the press release announcing these appointments is attached hereto as exhibit 99.1 and incorporated by reference herein.


Item 9.01
Financial Statements and Exhibits

(c)  Exhibits.

99.1
Press Release of Schnitzer Steel Industries, Inc. issued on December 7, 2007
 
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SIGNATURE
 
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.

 
 
 
 
 
SCHNITZER STEEL INDUSTRIES, INC.
 
 (Registrant)
 
 
 
 
 
 
Dated: December 7, 2007
By:
/s/ RICHARD C. JOSEPHSON
 
Name: Richard C. Josephson
 
Title: Vice President, General Counsel and Secretary
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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Exhibit Index

                                
Exhibit No.  Description 
   
99.1
Press Release of Schnitzer Steel Industries, Inc. issued on December 7, 2007
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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