4
NY: 482619-6
NY: 482619-6
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
July 7, 2005
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(Date of Report - Date of earliest event reported)
THE GSI GROUP, INC.
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(Exact Name of Registrant as Specified in Its Charter)
DELAWARE
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(State or Other Jurisdiction of Incorporation)
333-43089 37-0856587
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(Commission File Number) (IRS Employer Identification No.)
1004 E. ILLINOIS STREET
ASSUMPTION, ILLINOIS 62510
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(Address of Principal Executive Offices) (Zip Code)
(217) 226-4421
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(Registrant's Telephone Number, Including Area Code)
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 communications 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 PRINCIPAL OFFICERS; ELECTION OF
DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS.
(a) On June 30, 2005, and with immediate effect, Russell C. Mello's
employment with the Company as its Chief Financial Officer, Secretary and
Treasurer terminated.
(b) On July 5, 2005, the Company appointed Randall N. Paulfus, age 59, as
interim Chief Financial Officer of the Company on an at-will basis until a
permanent chief financial officer is appointed. Mr. Paulfus will be compensated
on a monthly basis during the term of his employment, and will also remain a
partner of Tatum CFO Partners, LLP ("Tatum"). The Company has agreed to
compensate Tatum for the retention of Mr. Paulfus' services for the duration of
his employment by the Company.
From November 2003 to June 2005, Mr. Paulfus served as Chief Financial
Officer for Ener1, Inc., a battery research and development company. Prior to
joining Ener1, Inc., Mr. Paulfus served as Chief Restructuring Officer for
Nitram, Inc., a fertilizer manufacturer. Previously, Mr. Paulfus had held chief
financial officer positions with Aviation Systems, Inc., an airplane parts
provider, and Mosler Inc., a security systems company. Mr. Paulfus joined Tatum
in 1999.
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.
THE GSI GROUP, INC.
By: /s/ William J. Branch
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Name: William J. Branch
Title: Chief Executive Officer
Date: July 7, 2005