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): February 25, 2014
ARC Group Worldwide, Inc.
(Exact Name of Registrant as Specified in its Charter)
Utah
(State or other jurisdiction of incorporation)
|
000-18122 (Commission File Number) |
87-0454148 (IRS Employer Identification No.) | |
|
810 Flightline Blvd. Deland, FL |
32724 | |
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including area code: 386-736-4890
N/A
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:
£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 0240.13e-4(c))
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| Item 5.02: | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Appointment of New Board Members
On February 24, 2014, the ARC Group Worldwide Board of Directors (the “Board”) appointed Drew M. Kelley to the Board. Mr. Kelley currently serves as Chief Financial Officer and Secretary of ARC Group Worldwide, Inc. (“ARC”).
Mr. Kelley shall receive compensation for Board services consistent with past employee directors, specifically:
| · | A total annual retainer of $25,000 per year. A prorated portion of the retainer is paid quarterly in arrears. |
| · | Reimbursement of reasonable expenses incurred in connection with Board-related activities. |
Mr. Kelley and ARC have entered into the standard ARC director indemnification agreement, whereby ARC agrees to indemnify, defend, and hold its directors harmless from and against losses and expenses incurred as a result of their Board service, subject to the terms and conditions provided in the agreement.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ARC Group Worldwide, Inc. | ||
| (Registrant) | ||
| Date: February 25, 2014 | By: | /s/ Jason T. Young |
| Name: Jason T. Young | ||
| Title: Chief Executive Officer |