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| IN > SEC Filings for IN > Form 8-K on 6-Oct-2008 | All Recent SEC Filings |
6-Oct-2008
Change in Directors or Principal Officers, Financial Statements and Exhibits
On October 3, 2008, our Board of Directors adopted a resolution increasing the number of directors constituting the entire Board from eight members to nine members and elected Eric J. Draut, 51, to fill the vacancy created by the expansion of the Board.
Mr. Draut is the Executive Vice President and Chief Financial Officer of Unitrin, Inc., a position he has held since 1997. He has also been a director of Unitrin since 2002. Unitrin, which is the beneficial owner of more than 20% of our common stock, is a financial services company that owns insurance and automobile finance companies.
During the period from January 1, 2007, through the quarter ended June 29,2008, we recognized $108,000 in revenue from Unitrin for the sale of hardware and $400,000 of deferred service revenue from Unitrin, which together constituted less than 0.05% of our total revenue of $1,284.2 million for the period. We believe that the prices of goods and services sold to Unitrin are comparable to those received from unaffiliated third parties.
There are no arrangements or understandings between Unitrin and us pursuant to which Mr. Draut or any other person will be elected as a director or nominated by our Board to stand for election as a director.
A copy of our press release regarding the announcement of the election of Mr. Draut as a director is filed herewith as Exhibit 99.1 and is incorporated herein by reference.
(d) Exhibits Exhibit Number Description 99.1 Press release issued by Intermec, Inc. dated October 6, 2008. |
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