Noble International 8-K 2009
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 13, 2009
NOBLE INTERNATIONAL, LTD.
(Exact name of registrant as specified in its charter)
Registrants telephone number including area code: (248) 519-0700
(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:
Thomas L. Saeli submitted his resignation as Chief Executive Officer and a director of Noble International, Ltd. (the Company) effective April 13, 2009. On April 14, 2009, Frank B. Sovis, the Companys Chief Operating Officer, submitted his resignation. The employment agreement between the Company and Mr. Saeli dated May 8, 2006 and the employment agreement between the Company and Mr. Sovis dated February 12, 2009 have been terminated (other than the confidentiality, non-competition and non-solicitation provisions contained therein). The Company has agreed to pay each of Mr. Saeli and Mr. Sovis approximately four weeks of his annual salary.
Concurrently with Mr. Saelis resignation, the Company appointed Andrew J. Tavi, 36, as its Chief Executive Officer. Mr. Tavi has served the Company as Vice President, General Counsel and Secretary since May 2006 and will continue as the Companys General Counsel and Secretary. Mr. Tavis annual salary is $400,000; the other terms of Mr. Tavis employment are set forth in his employment agreement with the Company, as previously disclosed.
Mr. Tavi joined the Company in November 2005 as Deputy General Counsel. Prior to joining the Company, Mr. Tavi was senior counsel at the law firm of Foley & Lardner LLP.
Mr. Sovis duties will be assumed by David J. Fallon, Chief Financial Officer of the Company.
Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
April 14, 2009