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EX-99.1 - AXION INTERNATIONAL HOLDINGS, INC. | v205099_ex99-1.htm |
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 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):
December
6, 2010
AXION
INTERNATIONAL HOLDINGS, INC.
(Exact
Name of Registrant as Specified in Charter)
Colorado
(State
or Other Jurisdiction
of
Incorporation)
|
0-13111
(Commission
File
Number)
|
84-0846389
(IRS
Employer
Identification
No.)
|
180
South Street, Suite 104, New Providence, NJ 07974
(Address
of Principal Executive Offices, including Zip Code)
Registrant's
telephone number, including area code: 908-542-0888
Not
Applicable
(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; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
The Board
of Directors of Axion International Holdings, Inc. (the “Company”) appointed
Anthony B. Hatch as a member of the Board of Directors effective December 6,
2010.
Mr.
Hatch, age 50, is the founder of ABH Consulting which he started in 1999 to
provide independent analytical research and consulting services in the freight
and railroad industries to private equity funds, hedge funds and major
railroads. He is a frequent contributor to Progressive Railroading, a
leading railroad industry publication, and is the co-sponsor of RailTrends, a
railway industry conference held each Fall in New York City. Mr.
Hatch has been a senior transportation analyst on Wall Street for over twenty
years, having worked at Salomon Brothers, Argus Research, PainWebber and
NatWest. Mr. Hatch received his bachelor of arts, cum laude, from
Harvard University in 1982.
With
respect to the appointment of Mr. Hatch, there are no arrangements or
understandings between him and the Company and any other persons pursuant to
which he was selected as a director. In connection with his
appointment as a director, Mr. Hatch will receive options to purchase 150,000
shares of the Company’s Common Stock at an exercise price of $1.20 per
share. One-third of such options will vest immediately, and the
remaining options will vest over a period of two years.
A copy of
the press release, dated December 9, 2010, related to the appointment of Mr.
Hatch is furnished as Exhibit 99.1 to this Current Report on Form
8-K.
Item
9.01. Financial
Statements and Exhibits.
(c)
Exhibits:
|
99.1
|
Press
Release dated December 9, 2010.
|
Signatures
Pursuant to the requirements of the
Securities Exchange Act of 1934, as amended, the registrant has caused this
report to be signed on its behalf by the undersigned hereunto duly
authorized.
Date:
December 9, 2010
AXION
INTERNATIONAL HOLDINGS, INC.
|
||
s/Steven Silverman
|
||
Name:
|
Steven
Silverman
|
|
Title:
|
President
|