- Current report filing (8-K)
20 Oktober 2009 - 12:01PM
Edgar (US Regulatory)
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 10, 2009
Marketing
Worldwide Corporation
(Exact
name of registrant as specified in its charter)
Delaware
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000-50586
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68-0566295
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(State
or other jurisdiction
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(Commission
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(IRS
Employer
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of
incorporation)
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File
Number)
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Identification
No.)
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2212 Grand
Commerce Dr., Howell, Michigan 48855
(Address
of principal executive offices) (Zip Code)
Registrant's
telephone number, including area code: (517) 540-0045
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 Instructions 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
October 10, 2009, Marketing Worldwide Corporation (the “Company”) appointed
James E. Davis as the Company’s Chief Financial Officer. Mr. Davis replaces
James Marvin, the Company’s former Chief Financial Officer, who will continue to
serve as the Company’s Chief Operating Officer and member of the Company’s board
of directors.
James Davis, 54,
brings 30 years of experience in different positions
in the financial and automotive sectors, including public accounting as Audit
Manager at Coopers & Lybrand. In this capacity he audited middle market
companies’ financial reporting and assisted in taking privately owned companies
public. From 1999 through 2008, Mr. Davis was the Chief Financial Officer for
the Epoch Restaurant Group and Wisne Holdings. The Epoch Restaurant
Group owned and operated six restaurants and a full service catering company.
Wisne Holdings was a real estate and investment entity specializing in a
multitude of investments for profit. The Wisne Family created Wisne
Holdings after selling Progressive Tool & Industry Company, a tier 1
automotive supplier, where Mr. Davis was the financial controller following his
engagement with Coopers & Lybrand. As Controller for Progressive Tool &
Industry Company, Mr. Davis was responsible for new business development,
banking and investor relations and financial planning and reporting. From
January 2008 through August 2009, Mr. Davis focused on troubled companies and
participated in restructuring and turnaround efforts through CFO Associates,
LLC.
The Company entered into an agreement
with Mr. Davis which provides for the at-will employment of Mr. Davis for a
period of one year. The terms of the agreement include a salary of $100,000, a
signing bonus of 40,000 shares of the Company’s common stock and certain expense
reimbursement, including an automobile allowance and cellular phone
reimbursement.
There are
no arrangements or understandings between Mr. Davis and any other person
pursuant to which Mr. Davis was appointed to serve as the Chief Financial
Officer of the Company. There are no family relationships between Mr. Davis
and any director or executive officer of the Company, and he has no direct or
indirect material interest in any transaction required to be disclosed pursuant
to Item 404(a) of Regulation S-K.
On October 20, 2009, the Company issued
a press release regarding the appointment of Mr. Davis. The complete text of the
press release is attached as Exhibit 99.1 to this current report on Form
8-K.
Item
9.01 Financial Statements and Exhibits
(d)
EXHIBIT(S)
The
following exhibit is furnished herewith:
99.1
Press Release of the Company dated October 20, 2009
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.
Date:
October 20, 2009
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Marketing Worldwide
Corporation
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By:
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/s/ James
C. Marvin
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James
C. Marvin, Chief Operating Officer
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