UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
Date of Report (Date of earliest event reported): September 22, 2006
Graco Inc. | ||
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(Exact name of registrant as specified in its charter) |
Minnesota | 001-9249 | 41-0285640 | ||
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(State or other jurisdiction of Incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
88-11th Avenue Northeast Minneapolis, Minnesota |
55413 | |
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(Address of principal executive offices) |
(Zip Code) |
Registrant's telephone number, including area code: (612) 623-6000
Not Applicable | ||
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(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:
[ ] | 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.
On September 22, 2006, the Board of Directors (the Board) accepted the resignation of Mr. James H. Moar from the Board and related responsibilities on the Audit and Governance Committees.
The Companys Corporate Governance Guidelines require a director to offer his or her resignation when the director experiences a change in his or her employment responsibilities. Mr. Moars employer, Identix Incorporated, recently became a subsidiary of L-1 Identity Solutions Inc. and ceased being a publicly-traded company. Mr. Moar became the President of Identix Incorporated, a position without significant public company responsibilities. The Board accepted Mr. Moars resignation. A copy of Mr. Moars letter of resignation is included in this report as Exhibit 99.1.
99.1 | Letter of Resignation, dated September 21, 2006 |
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, thereunto duly authorized.
GRACO INC. | |||
Date: | September 28, 2006 | By: | \s\Karen Park Gallivan |
Karen Park Gallivan | |||
Its: | Vice President, General Counsel and Secretary |
Exhibit 99.1
September 21, 2006
Mr. David A. Roberts
Chairman, President, and CEO
Graco Inc.
P. O. Box 1441
Minneapolis, MN 55440
Dear Dave:
As you know, Identix has been going through a merger process since January that has now closed. As a result, I have a position change that needs to be officially communicated and prompts my need to resign from the Graco Board, subject to Board review.
Effective August 29, Identix Incorporated merged with Viisage Technology, Inc. and Identix became a wholly owned subsidiary of Viisage. Also, on that date Viisage changed its name to L-1 Identity Solutions, Inc.
As a result, I am no
longer the COO of Identix Incorporated and have been named the President of Identix
reporting to the CEO of L-1 Identity Solutions. My job responsibilities have changed as
follows:
| I now have total management responsibility for Identix |
| I am less involved in the "public company" elements of running a company as this is now handled at the L-1 corporate level |
Graco is an outstanding company with an excellent Board and management team. I have been honored to work with all of you these past 5 years.
Sincerely,
/s/James H. Moar | |
James H. Moar |
|
President, Identix, an L-1 Identity Solutions Company |