UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported)
February 26, 2007 (February 20, 2007)
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Baldwin Technology Company, Inc.
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(Exact Name of Registrant as Specified in Its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
1-9334 13-3258160
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(Commission File Number) (IRS Employer Identification No.)
Two Trap Falls Road, Suite 402, CT 06484
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(Address of Principal Executive Offices) (Zip Code)
203-402-1000
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(Registrant's Telephone Number, Including Area Code)
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
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Appointment of Certain Officers; Compensatory Arrangements of
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Certain Officers
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The employment of Vijay C. Tharani, Vice President, Chief Financial Officer
and Treasurer of Baldwin Technology Company, Inc. (the "Company"), as well as
his employment agreement (dated June 8, 2001 as amended November 11, 2003) will
terminate effective March 2, 2007. Additional information relating to Mr.
Tharani's departure is contained in the Company's press release dated February
26, 2007, and filed with this Current Report on Form 8-K as Exhibit 99.1, which
is incorporated herein by this reference.
In conjunction with Mr. Tharani's departure from the Company, the Company
will pay to Mr. Tharani, among other things, a severance payment in an amount
equal to his current annual base salary ($255,852) and supplemental retirement
benefits, in accordance with the terms of Mr. Tharani's employment agreement.
Item 9.01 Financial Statements and Exhibits
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(d) Exhibits
99.1 Press release titled "Baldwin's CFO to Leave the
Company" dated February 26, 2007 and issued by the
Company on February 26, 2007 (filed herewith).
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned, hereunto duly authorized.
BALDWIN TECHNOLOGY COMPANY, INC.
(Registrant)
By: /s/ Leon Richards
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Name: Leon Richards
Title: Controller (Chief Accounting
Officer)
Dated: February 26, 2007
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