View:
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 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 10, 2006
Hurco
Companies, Inc.
(Exact
Name of Registrant as Specified in Its Charter)
Indiana
(State
or
Other Jurisdiction of
Incorporation)
0-9143 35-1150732
(Commission
File Number) (IRS
Employer Identification No.)
One
Technology Way
Indianapolis,
Indiana 46268
(Address
of Principal Executive Offices) (Zip
Code)
(317)
293-5309
(Registrant’s
Telephone Number, Including Area Code)
Not
Applicable
(Former
Name or Former Address, if Changed Since Last Report)
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
1.01 Entry
into a Material Definitive Agreement.
As
indicated below, Hurco Companies, Inc. (the "Registrant") hired John Oblazney
to
serve as its Chief Financial Officer effective September 2, 2006. For a
description of the material terms of this employment arrangement, see the
information set forth below under Item 5.02, which is incorporated by
reference into this Item 1.01.
Item
5.02 Departure
of Directors and Principal Officers; Election of Directors; Appointment of
Principal Officers.
Hurco
Companies, Inc. (the "Registrant") has hired John Oblazney to succeed Stephen
Alesia as the Chief Financial Officer of the Registrant, effective
September 2, 2006. Mr. Oblazney will receive a signing bonus of
$50,000, and his base salary will be set at $165,000 subject to future
adjustment. Mr. Oblazney is eligible to receive an annual bonus with a target
annual bonus of $30,000. Mr. Oblazney is also entitled to participate in
the
Registrant's normal benefit programs and will receive a car allowance. Other
compensation, such as stock option grants, may be awarded to Mr. Oblazney
periodically at the discretion of the Compensation Committee.
Mr.
Oblazney, age 38, has served as the Chief Financial Officer of Carrier
Corporation’s Light Commercial Business, a division of United Technologies
Corporation, since December 2005. Prior to his appointment as Chief Financial
Officer, Mr. Oblazney served in various other financial positions with Carrier
Corporation, including Director of Finance and Planning (2002-2005), and
Manager
of Financial Planning and Analysis starting in 2000. Prior to joining United
Technologies, Mr. Oblazney was employed six plus years with Cooper Industries
where he also quickly progressed into financial management. He began his
professional career working with the international accounting firm of Coopers
and Lybrand.
A
press
release regarding Mr. Oblazney's appointment is attached as Exhibit 99.1
to this
Current Report on Form 8-K and the information set forth therein is incorporated
herein by reference and constitutes a part of this report.
Item
9.01 Financial
Statements and Exhibits.
(c) Exhibits
99.1 Press
Release dated August 10, 2006.
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:
August 10, 2006
HURCO
COMPANIES, INC.
By:
/s/: Michael Doar
Michael
Doar, Chairman and
Chief
Executive Officer
INDEX
TO EXHIBITS
Exhibit
No. Description
(c) Exhibits
BDDB01
4486505v2
99.1 Press
Release dated August 10, 2006.FOR
IMMEDIATE RELEASE
THURSDAY,
AUGUST 10, 2006
HURCO
NAMES JOHN OBLAZNEY AS NEW CHIEF FINANCIAL OFFICER
INDIANAPOLIS,
INDIANA - August 10, 2006 - Hurco Companies, Inc. (NASDAQ Global Market: HURC)
Hurco
Companies, Inc. (the “Company”) announces today that John Oblazney has been
hired as the new Chief Financial Officer of the Company effective September
2,
2006. Mr. Oblazney had a very progressive career with United Technologies
Corporation from February 2000 until August 2006. He began his employment with
United Technologies as Manager of Financial Planning and Analysis. After a
short
period, he was promoted to Director of Finance and Planning followed by his
appointment to the position of Chief Financial Officer for United Technologies,
Carrier Corporation’s Light Commercial business. Prior to joining United
Technologies, Mr. Oblazney was employed six plus years with Cooper Industries
where he also quickly progressed into financial management. He began his
professional career working for the international accounting firm of Coopers
and
Lybrand for three years. Mr. Oblazney received his Bachelor of Business
Administration, Accounting from Eastern Michigan University. He was also the
recipient of the Peat Marwick, KPMG Foundation Scholarship as the top overall
accounting graduate. John received his CPA in 1991 and his MBA from Syracuse
University where he graduated with honors.
Hurco
Companies, Inc. is an industrial technology company that designs and produces
interactive computer controls, software and computerized machine tools for
the
worldwide metal cutting industry. The end market for the company’s products
consists primarily of independent job shops and short-run manufacturing
operations within large corporations in industries such as aerospace, defense,
medical equipment, energy, transportation and computer equipment. The Company
is
based in Indianapolis, Indiana, and has sales, application engineering and
service subsidiaries in High Wycombe, England; Munich, Germany; Paris, France;
Milan, Italy; Shanghai, China and Singapore, along with manufacturing operations
in Taiwan. Products are sold through independent agents and distributors in
the
United States, Europe and Asia. The Company also has direct sales forces in
the
United Kingdom, Germany, France, Italy and Asia.
Web
Site:
www.hurco.com
Contact: Hurco
Companies, Inc.
Michael
Doar
317-293-5309