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 4, 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 4, 2005, Advanced Energy Industries, Inc. entered into a Separation and Release
Agreement with Linda Capuano, Chief Technology Officer of Advanced Energy. The Separation and
Release Agreement supersedes the Executive Change in Control Severance Agreement between Advanced
Energy and Ms. Capuano. Pursuant to the Separation and Release Agreement, Ms. Capuano’s employment
with Advanced Energy will cease as of August 22, 2005, and Advanced Energy will pay Ms. Capuano
cash in the amount of $135,000, approximately six months’ base salary at her current rate. Ms.
Capuano’s benefits under the company’s welfare benefit plans, practices and programs will terminate
as of August 31, 2005, except to the extent that Ms. Capuano elects coverage under the Consolidated
Omnibus Budget Reconciliation Act (COBRA) and as otherwise required by law.
The foregoing is a summary of the Separation and Release Agreement with Ms. Capuano. A copy
of such agreement is filed as an exhibit to this Current Report on Form 8-K, and the terms of such
agreement are incorporated herein by reference.
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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Separation and Release Agreement dated as of August 4, 2005, by
and between Advanced Energy Industries, Inc. and Linda Capuano |
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 4, 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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