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ETRM > SEC Filings for ETRM > Form 8-K on 20-Feb-2013All Recent SEC Filings

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Form 8-K for ENTEROMEDICS INC


20-Feb-2013

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.

(c) On February 20, 2013, EnteroMedics Inc. (the "Company") announced that the Company's Board of Directors had appointed Greg S. Lea, the Company's Senior Vice President and Chief Financial Officer, to also serve as the Company's Chief Operating Officer effective February 15, 2013. At the same time, the Board of Directors also approved an increase in Mr. Lea's base annual salary from $280,769 to $295,000. The Company announced Mr. Lea's appointment in a press release issued on February 20, 2013. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1.

Mr. Lea, 60, has served as the Company's Senior Vice President and Chief Financial Officer since May 21, 2007. Prior to joining the Company, Mr. Lea served as Chief Financial Officer of Pemstar Inc. from July 2002 through January 2007 when it was acquired by Benchmark Electronics, Inc. Mr. Lea also served as a director of Pemstar from April 2001 through January 2007 and held the position of Corporate Controller from April 2002 through July 2002. From 1993 to April 2002, Mr. Lea served as a corporate Vice President for Jostens Corporation, a commemorative and affiliation products manufacturer, serving most recently as corporate Vice President-Business Ventures. Prior to that, Mr. Lea held several financial management and administrative positions at IBM Corporation from 1974 to 1993 and was President and a director of the Ability Building Center, Inc. from 1981 to 1993. Mr. Lea holds a B.S. in Accounting/Business Management from Minnesota State University, Mankato.

There are no arrangements or understandings between Mr. Lea and any other person pursuant to which Mr. Lea was appointed as COO of the Company. Mr. Lea does not have a direct or indirect material interest in any currently proposed transaction to which the Company is a party, nor has Mr. Lea had a direct or indirect material interest in any such transaction since the beginning of the Company's fiscal year.

Mr. Lea has no family relationship with any other officer or director of the Company. Neither Mr. Lea nor any immediate family member of Mr. Lea has a material interest in any transaction with the Company involving the payment or receipt of at least $120,000.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1 Press release of EnteroMedics Inc. dated February 20, 2013.


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