Summary of C&D TECHNOLOGIES INC

Change in Directors or Principal Officers, Regulation FD Disclosure, Financi

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On February 4, 2009, C&D accepted the resignation of Leonard P. Kiely as Vice President and Chief Operating Officer of C&D Technologies, Inc. Mr. Kiely's resignation is effective as of February 25, 2009, at the conclusion of a 30 day notice period as provided for under his Amended and Restated Employment Agreement dated December 20, 2007, which is included as Exhibit 10.2 to the Company's Form 8-K filed December 21, 2007.

Mr. Kiely will be paid severance equivalent to 12 months base salary plus an additional $100,000, along with specified medical coverage during the twelve month period following his effective date of resignation. Further, the time period for vesting of unvested stock options and restricted shares granted to Mr. Kiely will be extended for a period of 24 months following the effective resignation date and an additional 5,000 restricted shares will be vested on the effective resignation date in exchange for the termination of all performance shares previously granted. Mr. Kiely's severance is contingent on execution of a Release. Mr. Kiely will be bound by certain non-competition and non-solicitation obligations in accordance with terms of his Amended and Restated Employment Agreement.

Item 7.01 Regulation FD Disclosure.

On February 4, 2009, the Company issued a press release announcing actions to reduce costs in response to weakening market conditions. The press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The information reported under Item 7.01 in this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No. Description
99.1 Press Release of C&D Technologies, Inc. dated February 4, 2009.