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GBSX > SEC Filings for GBSX > Form 8-K on 12-Jul-2012All Recent SEC Filings

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Form 8-K for GBS ENTERPRISES INC


12-Jul-2012

Change in Directors or Principal Officers, Financial Statements and Exhibits


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

On July 11, 2012, Joerg Ott resigned as the Chief Executive Officer (principal executive officer) of GBS Enterprises, Inc., a Nevada corporation (the "Company"), effective immediately. Mr. Ott will continue in his capacity as the Chairman of the Company's Board of Directors and as the Chief Executive Officer of GROUP Business Software AG, a German public company and 50.1% subsidiary of the Company ("GROUP").

On July 11, 2012, the Board of Directors of the Company appointed Gary D. MacDonald (age 58) as the Managing Director of Worldwide Operations and Interim Chief Executive Officer (principal executive officer) of the Company. As previously disclosed by the Company, Mr. MacDonald was appointed as the Company's Executive Vice President and Chief Corporate Development Officer on April 30, 2010, as a member to the Company's Board of Directors on December 2, 2011 and to the Board's Audit Committee on March 1, 2012. From September 2005 to February 2008, Mr. MacDonald served as the Chief Operating Officer of GROUP. Since February 2008, Mr. MacDonald has been serving as the Chief Corporate Development Officer of GROUP. From November 2003 to August 2005, Mr. MacDonald served as the Vice President, Corporate Development and Government Relations Officer at Raydiance, Inc., a privately held research company. From August 1994 to September 2003, Mr. MacDonald served as the Senior Vice President of Sales and Marketing at Kingston Technology Company, a privately held company in the computer hardware industry. From October 1991 to August 1994, Mr. MacDonald served as the Vice President and Principal of Impediment Incorporated, a privately held company in the computer hardware industry.

Key Attributes, Experience and Skills:Mr. MacDonald brings his invaluable executive experience to the Company, as well as his leadership, operational and investor relations skills. Mr. MacDonald has an immense knowledge of our Company, GROUP and other subsidiaries which enables the Board to benefit from management's perspective on the Company's business while the Board performs its oversight function.

Family Relationships

Mr. MacDonald does not have a family relationship (defined in Item 401(d) of Regulation S-K as any relationship by blood, marriage, or adoption, not more remote than first cousin) with any director or executive officer of the Company, or any person nominated or chosen by the Company to become a director of executive officer.

Transactions with Related Persons

None

Material Plan, Contract or Arrangement

None



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.: Description:
99.1 Press Release, dated July 11, 2012

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