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AETI > SEC Filings for AETI > Form 8-K on 23-Jan-2013All Recent SEC Filings

Show all filings for AMERICAN ELECTRIC TECHNOLOGIES INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for AMERICAN ELECTRIC TECHNOLOGIES INC


23-Jan-2013

Change in Directors or Principal Officers, Other Events, Finan


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

On January 21, 2013 American Electric Technologies, Inc. (the "Company") appointed Andrew L. Puhala as Senior Vice President and Chief Financial Officer, the Company's principal financial officer. Mr. Puhala, age 42, was Vice President and CFO of Artificial Lift Company from October 2011 to September 2012. From 1996 to October 2011 he served in various finance posts with Baker Hughes Incorporated, most recently as Vice President Finance, Corporate Development.

Mr. Puhala is employed pursuant to an agreement a copy of which is filed herewith as Exhibit 10.1 and incorporated by reference herein. A summary of the principal terms of the employment agreement are set forth in Exhibit 99.2 and incorporated by reference herein. The summary of Mr. Puhala's employment agreement is qualified in its entirety by reference to the employment agreement filed as Exhibit 10.1 herein.

Don Boyd, who was serving as the Company's principal financial officer on an interim basis, will continue to serve as the Company's principal accounting officer.



Item 8.01 Other Events.

On January 22, 2013 the Company issued a press release announcing the appointment of Andrew L. Puhala as Senior Vice President and Chief Financial Officer of the Company. A copy of the press release is attached as Exhibit 99.1.



Item 9.01 Financial Statements and Exhibits.

Exhibit
Number                                      Exhibit

10.1         Employment Agreement with Andrew L. Puhala.*

99.1         Press release dated January 22, 2013 announcing the appointment of
             Andrew L. Puhala as Senior Vice President and Chief Financial Officer.

99.2         Summary of Andrew L. Puhala employment agreement.*

* Indicates a management contract or compensatory plan or arrangement.

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