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): March 17, 2003
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
(Company's telephone number, including area code)
(Not Applicable)
(Former name or former address, if changed since last report)
Item 5. Other Events
On March 17, 2003, Performance Technologies announced it had appointed Robert
Tillman, former president of Ziatech Corporation, to its Board of Directors.
Mr. Tillman joined Ziatech Corporation in 1997 as president and led the
organization as an independent embedded systems supplier until October 2000,
when Intel Corporation acquired the company. After the acquisition by Intel, Mr.
Tillman held the position of general manager for the Ziatech operation until
October 2002, when Performance Technologies acquired this group. Mr. Tillman
came to Ziatech following a 25-year career with Hewlett-Packard, where he served
as division general manager for four different locations.
A press release announcing the foregoing matter is filed herewith as Exhibit
99.1
In a letter dated April 2, 2003 to the Chairman of our Board of Directors, Paul
L. Smith indicated that he has decided not to stand for re-election to another
term as a Director of Performance Technologies, Incorporated. Mr. Smith has
served as a Director since 1993 and his current term expires as of June 3, 2003.
Mr. Smith stated that changes in his personal priorities and obligations would
make it difficult for him to actively and fully participate as a Director in the
future. He further stated that he had no disagreements with the Board of
Directors or management of the Company.
Item 7. Financial Statements, Proforma Financial Information and Exhibits.
(c) Exhibits.
(99.1) Press release issued by Performance Technologies, Incorporated on
March 17, 2003.
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.
PERFORMANCE TECHNOLOGIES, INCORPORATED
April 10, 2003 By: /s/ Donald L. Turrell
-------------------------------------
Donald L. Turrell
President and
Chief Executive Officer
April 10, 2003 By: /s/ Dorrance W. Lamb
-------------------------------------
Dorrance W. Lamb
Chief Financial Officer and
Vice President, Finance
Exhibit 99.1
Performance Technologies Appoints Former President of
Ziatech Corporation to Board of Directors
ROCHESTER, N.Y. - March 17, 2003 - Performance Technologies (Nasdaq NM: PTIX), a
leader in unified systems design for the communications, industrial and military
markets, today announced it has appointed Robert Tillman, former president of
Ziatech Corporation, to its Board of Directors.
Mr. Tillman joined Ziatech Corporation in 1997 as president and led the
organization as an independent embedded systems supplier until October 2000,
when Intel Corporation acquired the company. After the acquisition by Intel, Mr.
Tillman held the position of general manager for the Ziatech operation until
October 2002, when Performance Technologies acquired this group. Mr. Tillman
came to Ziatech following a 25-year career with Hewlett-Packard, where he served
as division general manager for four different locations.
"Over the past several months, Performance Technologies has realigned its
position in the market to offer a more unified set of systems and solutions to a
wider target market. The Ziatech acquisition was the primary thrust behind this
expansion, and we fully expect to benefit from Bob's experience as a former
senior executive of the Ziatech organization as we move the company forward,"
said John Slusser, chairman of the board. "We are honored to have someone of his
knowledge, depth and experience on our Board. He will be an important asset to
this organization."