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TOWR > SEC Filings for TOWR > Form 8-K on 22-Oct-2012All Recent SEC Filings

Show all filings for TOWER INTERNATIONAL, INC.



Change in Directors or Principal Officers

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

Effective October 19, 2012, Scott Wille resigned from the Board of Directors (the "Board") of Tower International, Inc. (the "Company"). Mr. Wille resigned from the Board due to other commitments.

Effective October 19, 2012, the Board appointed Ronald E. Kolka as a director. Mr. Kolka was appointed to fill the vacancy on the nine-member Board resulting from Mr. Wille's resignation and will serve a term expiring at the 2015 Annual Meeting of Stockholders.

Mr. Kolka joined Cerberus Operations and Advisory Company, LLC ("COAC") in December 2009 as Chief Financial Officer. Prior to COAC, he was appointed Executive Vice President and Chief Financial Officer of Chrysler LLC ("Chrysler") in 2007. While with Chrysler, Mr. Kolka was responsible for all finance activities, including Controlling, Treasury, Tax, Audit, Global Volume Planning, International Activities (including Canada and Mexico) and Information Technology. He also served in the Office of the Chairman. Mr. Kolka joined Chrysler Corporation in 1986 in the Corporate Accounting area and held domestic and international positions of increasing responsibility.

Mr. Kolka will receive compensation from the Company for service on the Board on the same terms as other non-employee members of the Board, which compensation is described in the Company's Proxy Statement filed with the Securities and Exchange Commission on June 4, 2012.

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