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GPIC > SEC Filings for GPIC > Form 8-K on 11-Sep-2013All Recent SEC Filings




Change in Directors or Principal Officers, Regulation FD Discl

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

On September 11, 2013, Gaming Partners International Corporation (the "Company") announced that Michael D. Mann, CPA, has been appointed as the Company's Chief Financial Officer and Treasurer, effective September 30, 2013. Mr. Mann's primary responsibilities will include managing the Company's financial reporting and assisting with its financial growth. Mr. Mann will also serve as the Chief Financial Officer and Treasurer of the Company's subsidiary, Gaming Partners International USA, Inc.

Mr. Mann's salary will be $235,000 per year, and he will be eligible for an annual bonus based upon Company performance and the achievement of certain individual objectives. Mr. Mann will also receive a monthly car allowance of $600 and, after his first six months of employment, be entitled to a severance payment equal to three months of his salary if the Company terminates his employment without cause.

Mr. Mann, age 49, most recently served from 2010 to September 2013 as the Chief Audit Executive of Tropicana Entertainment, Inc., an owner and operator of regional casino and entertainment properties located in the United States and on the island of Aruba. From 2009 to 2010, Mr. Mann served as a consultant and interim chief financial officer of a logistics and transportation company. From 2007 to 2009, Mr. Mann served as Senior Director of Policies and Controls for Asurion, a provider of handset protection insurance contracts. His prior experience also includes serving as Director of Enterprise Risk Management at Caesars Entertainment Corporation from 2003 to 2007 and as a senior financial officer at various specialty manufacturing firms between 1995 and 2003, including more than three years as Chief Financial Officer at Cleo, Inc., a manufacturer of consumer packaging products. Earlier in his carrier, Mr. Mann was an auditor with Arthur Andersen LLP. He is a graduate of Arkansas State University.

Mr. Mann has no family relationships with any director or other executive officer of the Company, and there are no related-party transactions involving Mr. Mann.

Item 7.01 Regulation FD Disclosure.

The Company issued a press release dated September 11, 2013 announcing the appointment of Michael D. Mann as Chief Financial Officer and Treasurer effective on September 30, 2013.

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