Katy Industries, Inc. Form 8-K dated March 2, 2007
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): March 2, 2007
Katy
Industries, Inc.
(Exact
name of registrant as specified in its charter)
|
Delaware
|
001-05558
|
75-1277589
|
|
(State
of Incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
2461
South Clark Street, Suite 630
Arlington,
Virginia 22202
(Address
of principal executive offices) (Zip Code)
(703)
236-4300
(Registrant’s
telephone number, including area code)
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
[
]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
[
]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
[
]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act
Item
5.02 Departure
of Directors or Principal Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain
Officers.
On
February 28, 2007, James A. Kohlberg resigned from the Board of Directors of
Katy Industries, Inc. (the “Company”). No disagreement was present between Mr.
Kohlberg and the Company.
On
February 28, 2007, the Company’s Board of Directors elected Mr. Shant
Mardirossian to fill the vacancy created by Mr. Kohlberg’s resignation. Mr.
Shant Mardirossian’s term will expire at the Company’s Annual Meeting of
Shareholders in 2007. Mr. Mardirossian is currently serving as Chief Financial
Officer of Kohlberg & Co., L.L.C. (“Kohlberg”), a U.S. private equity firm.
Mr. Mardirossian joined Kohlberg in 1996, was named Chief Financial Officer
in
1999 and a Principal in 2005.
Kohlberg,
an affiliate of Kohlberg Investors IV, L.P., whose affiliate holds all 1,131,551
shares of the Company’s Convertible Preferred Stock, provides ongoing management
oversight and advisory services to the Company. The Company has paid $0.5
million annually for such services, and expects to pay $0.5 million annually
in
future years.
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.
KATY
INDUSTRIES, INC.
(Registrant)
By:
/s/
Amir Rosenthal
Amir
Rosenthal
Vice
President, Chief Financial Officer,
General
Counsel and Secretary
Date:
March 2, 2007