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 11, 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
(Registrant's telephone number, including area code)
(Not Applicable)
(Former name or former address, if changed since last report)
Item 5. Other Events
On August 11, 2003, Performance Technologies announced it had appointed Mark
Rajkowski, chief operating officer digital and applied imaging and vice
president of Eastman Kodak Company, to its Board of Directors.
Mr. Rajkowski joined Kodak in July 1998 as controller and was elected vice
president of finance in May 2001. In this role, Mr. Rajkowski was responsible
for all finance functions for the company's worldwide business units as well
corporate financial planning and analysis. In January 2003, he was named chief
operating officer of Kodak's Digital & Applied Imaging Division.
Mr. Rajkowski came to Kodak from PricewaterhouseCoopers LLP, where he was the
Upstate New York Technology Group managing partner and an Audit and Business
Advisory Services partner.
A press release announcing the foregoing matter is filed herewith as Exhibit
99.1
Item 7. Financial Statements, Proforma Financial Information and Exhibits.
(c) Exhibits.
(99.1) Press release issued by Performance Technologies, Incorporated
on August 11, 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
August 11, 2003 By:/s/ Donald L. Turrell
-------------------------------------
Donald L. Turrell
President and
Chief Executive Officer
August 11, 2003 By:/s/ Dorrance W. Lamb
-------------------------------------
Dorrance W. Lamb
Chief Financial Officer and
Vice President, Finance
Exhibit 99.1
Performance Technologies Appoints Kodak Executive
to Board of Directors
ROCHESTER, N.Y. - August 11, 2003 - Performance Technologies (Nasdaq NM: PTIX),
a leader in unified systems design for the communications, industrial and
military markets, today announced it has appointed Mark Rajkowski, chief
operating officer digital and applied imaging and vice president of Eastman
Kodak Company, to its Board of Directors.
Mr. Rajkowski joined Kodak in July 1998 as controller and was elected vice
president of finance in May 2001. In this role, Mr. Rajkowski was responsible
for all finance functions for the company's worldwide business units as well
corporate financial planning and analysis. In January 2003, he was named chief
operating officer of Kodak's Digital & Applied Imaging Division, responsible for
day-to-day operations of the company's fastest-growing business.
Mr. Rajkowski came to Kodak from PricewaterhouseCoopers LLP, where he was the
Upstate New York Technology Group managing partner and an Audit and Business
Advisory Services partner. He is a member of a number of professional
associations, including the American Institute of Certified Public Accountants
and the Financial Executives Institute. Mr. Rajkowski holds a BS in Accounting
from Lehigh University and resides in the greater Rochester, New York area where
Performance Technologies is headquartered.
"The current Board of Directors at Performance Technologies represents a
multi-faceted experience base including significant background in corporate
finance. However, with the ever-increasing emphasis placed on corporate
governance, the Board was determined to further supplement its skill set in that
area. To that end, Mark brings over 20 years of high-level experience in
accounting and corporate finance as well as operational management in a leading
edge technology arena," said John Slusser, Chairman of the Board. "We were
pleased to find such a strong candidate in our local area and look forward to
his contributions as Director and Audit Committee participant."