Current Report Filing (8-k)

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

January 1, 2016

Date of Report (Date of earliest event reported)

XERIUM TECHNOLOGIES, INC.

(Exact name of registrant as specified in its charter)

Delaware	001-32498	42-1558674
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification Number)

14101 Capital Boulevard, Youngsville, NC 27596

(Address of principal executive offices)

[phone]
(Registrant's telephone number, including area code)

(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:

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))

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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

Effective January 1, 2016, the Board of Directors (the “Board”) of Xerium Technologies, Inc. (the “Company”) elected Alexander Toeldte to serve as a director on the Board. At this time, he has not been appointed to any committees of the Board.

There is no arrangement or understanding between Mr. Toeldte and any other persons pursuant to which he was elected as a director, and Mr. Toeldte is not, has not been, and is not currently proposed to be, a participant in any related person transactions with the Company that would require disclosure under Item 404(a) of Regulation S-K.

Mr. Toeldte will be compensated in accordance with the Company’s policy for compensation of non-management directors. Among other things, this policy generally provides that he will receive an annual retainer of $112,000, paid quarterly, of which 50% will be paid in the form of deferred stock units, and the remainder may be paid in deferred stock units or in cash at his election.

The Company issued a press release announcing the appointment of Mr. Toeldte, which is attached hereto as Exhibit 99.1.

Item 9.01	Financial Statements and Exhibits.

  

(d) Exhibits

The following exhibit is filed herewith.

Exhibit No.		Description
99.1		Press release dated January 6, 2016.

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.

	XERIUM TECHNOLOGIES, INC.
	By	/s/ Kevin McDougall
	Name:	Kevin McDougall
	Title:	Executive Vice President, General Counsel and Secretary

Date:  January 6, 2016

Xerium Technologies Announces The Appointment Of New Board Member

YOUNGSVILLE, NC, January 5, 2016 (BUSINESS WIRE) -- Xerium Technologies, Inc. (NYSE:XRM), a leading global provider of industrial consumable products and services, today announced the appointment of Mr. Alexander Toeldte to the Company’s Board of Directors. Mr. Toeldte is currently an Operating Director at Paine & Partners, LLC, a private equity firm. Prior to this, he served as the President, Chief Executive Officer and a Director of Boise Inc. and Executive Vice President at Boise Cascade LLC. Mr. Toeldte's previous experience includes Executive Vice President of Fonterra Co-operative Group and Chief Executive of Fonterra Enterprises; and Chief Executive Officer of Fletcher Challenge Building and Fletcher Challenge Paper. In addition, Mr. Toeldte was a Partner of McKinsey & Company serving in the Toronto, Brussels, Montreal, and Stockholm offices.   Currently, Mr. Toeldte is the Chairman of the Board of Jitasa, Inc., and is on the Board of Wevorce Inc., each of which are privately-held companies.  About Xerium (NYSE:XRM) Xerium Technologies, Inc. is a leading global provider of industrial consumable products and services. Xerium, which operates around the world under a variety of brand names, utilizes a broad portfolio of patented and proprietary technologies to provide customers with tailored solutions and products integral to the production of paper, paperboard, tissue, pulp, building products, nonwoven fabrics, and variety of industrial applications. Xerium products are specifically designed to optimize performance and reduce operational costs. With 27 manufacturing facilities in 13 countries around the world, Xerium has approximately 3,000 employees. Source: Xerium Technologies, Inc. Xerium Technologies, Inc. Cliff Pietrafitta Chief Financial Officer 919-526-1444 [e-mail]