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): October 15, 2007 (October 9, 2007)
NATCO Group Inc.
(Exact Name of Registrant as Specified in its Charter)
|
Delaware |
001-15603 |
22-2906892 |
|
(State of Incorporation) |
(Commission File Number) |
(IRS Employer |
|
Identification No.) |
|
2950 North Loop West, 7th Floor |
|
|
Houston, Texas |
77092 |
|
(Address of Principal Executive Offices) |
(Zip Code) |
Registrant's Telephone Number, Including Area Code: (713) 683-9292
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 communication 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 Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On October 9, 2007, the Governance, Nominating & Compensation Committee of NATCO Group Inc.'s Board of Directors approved the following salary increases for certain executive officers, all of which are effective as of October 1, 2007:
|
Executive Officer |
Annual Base Salary Effective October 1, 2007 |
|
|
Robert A. Curcio |
$290,000 |
|
|
Knut Eriksen |
$280,000 |
|
|
Bradley P. Farnsworth |
$273,000 |
|
|
C. Frank Smith |
$285,000 |
Item 5.03 Amendment to Articles of Incorporation or Bylaws; Change in Fiscal Year
On October 10, 2007, the Board of Directors approved amendments to Article VII of the Company's bylaws to permit the Company to issue uncertificated common stock, and setting forth the requirements for the issuance, transfer and replacement of such uncertificated stock. A copy of Article VII of the bylaws, as amended, is attached to this filing as Exhibit 3.1.
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.
Dated: October 15, 2007
NATCO Group Inc.
By: /s/ John U. Clarke ________
John U. Clarke
Chairman of the Board & Chief
Executive Officer