Global Power Equipment Group Inc. (OTCMKTS:GLPW) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

ME Staff 8-k
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Global Power Equipment Group Inc. (OTCMKTS:GLPW) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Global Power Equipment Group Inc. (“Global Power” or the “Company”) announced that Mark F. Jolly joined the Company as Vice President Finance. Upon completion of the Company’s ongoing efforts to restate certain of its historical financial results, Mr. Jolly will become Chief Accounting Officer and principal accounting officer. Concurrently, and as previously announced, Craig E. Holmes, who is serving as Senior Vice President of Finance, will assume the role of Chief Financial Officer and principal financial officer. Timothy Howsman, currently the Company’s principal financial officer and Products Division Chief Financial Officer, has advised the Company he plans to retire upon completion of the restatement process.

On December 12, 2016, the Company issued a press release announcing, among other things, the matters set forth above. A copy of the press release is filed with this Form 8-K and is attached hereto as Exhibit 99.1.

Item 8.01. Other Events.

On December 12, 2016, the Company issued a press release announcing, among other things, the matters set forth in Item 5.02 above and providing an update on the ongoing restatement process. A copy of the press release is attached as Exhibit 99.1 to this report and is incorporated by reference into this Item 8.01.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

99.1 Press release, dated December 12, 2016.



About Global Power Equipment Group Inc. (OTCMKTS:GLPW)

Global Power Equipment Group Inc. is a design, engineering and manufacturing company providing an array of equipment and services to the global power infrastructure, energy and process industries. The Products segment includes two primary product categories: Mechanical Solutions, which designs, engineers and manufactures a portfolio of equipment for utility-scale natural gas turbines, and Electrical Solutions, which provides custom-configured electrical houses and generator enclosures for various industries. The Services segment provides lifecycle maintenance, repair, on-site specialty support, outage management, construction and fabrication services for the power generation, industrial, chemical/petrochemical processing, and oil and gas industries. Its products portfolio span from auxiliary equipment for gas turbines to small, high alloy parts, such as seals, shims and brackets. It also offers a range of services that have been managing plant asset value.

Global Power Equipment Group Inc. (OTCMKTS:GLPW) Recent Trading Information

Global Power Equipment Group Inc. (OTCMKTS:GLPW) closed its last trading session down -0.11 at 4.59 with 82,585 shares trading hands.