Pyramid Breweries 8-K 2006
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported) September 22, 2006
PYRAMID BREWERIES INC.
(Exact name of registrant as specified in its charter)
91 SOUTH ROYAL BROUGHAM WAY
SEATTLE, WA 98134
(Address of principal executive offices and zip code)
Registrants telephone number, including area code: 206-682-8322
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.
See the discussion set forth under Item 5.02 below, which discussion is incorporated into this Item 1.01 by reference.
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
(c)(1) Effective September 25, 2006, Michael OBrien was appointed Chief Financial Officer and Vice President of Finance of the Company, and in connection therewith will also serve as the Companys principal financial officer.
(2) Mr. OBrien, age 40, was previously the Chief Financial Officer of Seattle based Medisystems Corporation, which designs, manufactures, imports and distributes medical device products. Prior to that, from 1999 to 2002, Mr. OBrien held positions of Corporate Controller and Chief Financial Officer of Flow International Corporation, which develops and manufactures ultrahigh-pressure waterjet technology, and provides robotics and assembly equipment. He began his financial career with KPMG. Mr. OBrien is a Certified Public Accountant and holds a Masters degree of Business Administration.
(3) Subject to the approval of the Compensation Committee, the Board intends to enter into an employment agreement with Mr. OBrien under which Mr. OBrien will receive an annual base salary of $160,000. Subject to the approval of the Compensation Committee, Mr. OBrien:
Please see Pyramids Current Report on Form 8-K filed May 11, 2006 for a description and copies of the 2006 OICP and PIP.
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.