UNITED STATES

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SECURITIES AND EXCHANGE COMMISSION

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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)       January 5, 2007

TRIMAS CORPORATION

(Exact name of registrant as specified in its charter)

Delaware

 

333-100351

 

38-2687639

(State or other jurisdiction

 

(Commission

 

(IRS Employer

of incorporation)

 

File Number)

 

Identification No.)

 

39400 Woodward Avenue, Suite 130, Bloomfield Hills, Michigan

 

48304

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code     (248) 631-5400

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):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o 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 Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.

On January 3, 2007, TriMas Corporation (the “Corporation”) issued a press release (the “Press Release”) announcing the appointment of Jeff Paulsen as Group President, Energy and Industrial Specialties Groups effective January 2, 2007. Under the terms of his employment, Mr. Paulsen will receive an annual base salary of $350,000.00, and will be eligible to participate in the Corporation’s Annual Value Creation Plan with a target award of 70% of his base compensation.  Mr. Paulsen currently may be entitled to participate in the 2002 Long Term Equity Incentive Plan, and conditionally, may become eligible to participate in the 2006 Long Term Equity Incentive Plan. He also will be eligible for the executive automobile allowance plan, reimbursement of an appropriate club membership and will participate in the TriMas Executive Severance/Change of Control Policy.

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The Press Release is filed as Exhibit 99.1 to this report on Form 8-K and is incorporated herein by reference.

Item 9.01  Financial Statements and Exhibits.

(c)            Exhibits. The following exhibits are filed herewith:

Exhibit No.

 

Description

 

 

 

99.1

 

Press Release

 

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.

 

TRIMAS CORPORATION

 

 

Date:

January 5, 2007

 

By:

/s/ Grant H. Beard

 

 

Name:

Grant H. Beard

 

Title:

Chief Executive Officer

 

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Exhibit 99.1

FOR IMMEDIATE RELEASE

 

CONTACT:

 

Robert Moll

 

 

 

 

Eric Younan

 

 

 

 

248.855.6777

 

TRIMAS CORPORATION NAMES JEFF PAULSEN PRESIDENT,
ENERGY PRODUCTS AND INDUSTRIAL SPECIALTIES GROUPS

Bloomfield Hills, Michigan—January 3, 2007—Grant H. Beard, President and Chief Executive Officer of TriMas Corporation, announced the appointment of Jeff Paulsen as Group President, Energy Products and Industrial Specialties Groups, effective January 2, 2007.

“We are fortunate to have Jeff as part of TriMas’ executive team,” Beard said.  “His extensive business background and recent experience within a high-performance company like Stryker provides TriMas with additional strength as it relates to our company’s growth.”

Paulsen will manage the comprehensive strategic direction of the Energy Products and Industrial Specialties Groups. This will include advising strategic business unit presidents relative to financial, operating and growth objectives for their respective entities. Additionally, Paulsen will become a key member of the TriMas leadership team. He will be engaged in the development of TriMas’ long-term business goals.

He has more than 20 years of manufacturing and business leadership experience with such companies as McDonnell Douglas, Ford Motor Company and Plante & Moran.  Prior to joining TriMas, Paulsen served as president of Stryker Corporation’s $1.2 billion Reconstructive Orthopedic Implant Division.

Paulsen earned a B.A. in marketing from Michigan State University and a M.B.A. from The Ohio State University, where he earned recognition as a Weidler Scholar for academic excellence.

About TriMas

Headquartered in Bloomfield Hills, Michigan, TriMas is a diversified growth company of high-end, specialty niche businesses manufacturing a variety of products for commercial, industrial and consumer markets worldwide. TriMas is organized into five strategic business segments: Packaging Systems, Energy Products, Industrial Specialties, RV & Trailer Products and Recreational Accessories. TriMas has about 5,000 employees at 80 different facilities in 10 countries. For more information, visit www.trimascorp.com.

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