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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): SEPTEMBER 22, 1999
BOLDER TECHNOLOGIES CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE
(State or other jurisdiction of incorporation)
0-28060 84-1166231
(Commission File No.) (IRS Employer Identification No.)
4403 TABLE MOUNTAIN DRIVE
GOLDEN, COLORADO 80403
(Address of principal executive offices and zip code)
Registrant's telephone number, including area code: (303) 215-7200
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ITEM 5. OTHER EVENTS.
BOLDER Technologies Corporation ("BOLDER" or the "Company") is filing this
Report on Form 8-K to take advantage of the "safe harbor" provisions of the
Private Securities Litigation Reform Act of 1995.
On September 22, 1999, BOLDER issued a press release announcing that it had
appointed Roger Warren to the position of president and chief executive officer.
He replaces current president, chief executive officer, and chairman of the
board Daniel Lankford, who will remain chairman of the board through the end of
1999. At that time, Mr. Warren will assume the position of chairman, with Mr.
Lankford continuing on as a director and serving in a business consulting
capacity. The foregoing summary of the press release is qualified by a copy of
the press release attached hereto as Exhibit 99.1 and incorporated herein by
reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(C) EXHIBITS
99.1 -- Press release dated September 22, 1999
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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.
Dated: October 14, 1999 BOLDER TECHNOLOGIES CORPORATION
By: /s/ Joseph F. Fojtasek
--------------------------------------
Joseph F. Fojtasek
Vice President and Chief Financial
Officer (Principal Financial and
Accounting Officer)
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INDEX TO EXHIBITS
EXHIBIT
NUMBER DESCRIPTION
- ------- -----------
99.1 -- Press release dated September 22, 1999
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Exhibit 99.1
GOLDEN, CO (September 22, 1999) -- BOLDER Technologies Corporation (Nasdaq NM:
BOLD), BOLDER Technologies announced today that it has appointed Roger Warren to
the position of president and chief executive officer, effective October 4,
1999. Currently a member of its board of directors, Mr. Warren most recently
served as president of the Micropower and International Division of Rayovac
Corporation. Mr. Warren will replace Daniel S. Lankford, who will remain
chairman of the board through a transition period expected to last through the
end of 1999. At that time, Mr. Warren will assume the position of chairman, and
Mr. Lankford will remain as a director and serve in a business consulting
capacity thereafter.
"BOLDER is rapidly emerging as a leader in selling power products to consumers
and professionals," commented Chairman, President and Chief Executive Officer
Daniel Lankford. "Earlier this year, I recommended to the board that we bring in
an experienced consumer products executive to lead this transition. Roger brings
with him more than 35 years of experience and a track record of success with
companies as diverse as Shell Oil, General Foods, Swift and Co., and Rayovac.
While serving as a member of the board, Roger has provided us with valuable
insights and guidance during our transition to a consumer products company. As
we accelerate our growth and identify and enter new markets, we look forward to
leveraging Roger's experience to the benefit of BOLDER Technologies. With his
background in battery technology and consumer products, Roger is ideally suited
to lead this company to its next level of growth."
Roger Warren was a key member of the senior management team that grew Rayovac's
consumer and OEM battery sales from $140 million in 1985 to more than $500
million in 1999. From 1977 to 1985, Roger served as vice president and general
manager of the U.S. Grocery Division of Swift &Co, a one-billion-dollar-per-year
food manufacturing company. During his tenure at Swift, he also served as its
director of Corporate Marketing Services and was promoted to vice
president/general manager of its International Division. From 1964 to 1977, Mr.
Warren served in various finance, sales, marketing and product development
positions at General Foods Ltd. in Canada. Mr. Warren earned a BS degree in
Economics from the University of Hull in the United Kingdom.
Commenting on his appointment, Mr. Warren stated, "I am very excited to be
joining BOLDER in this enhanced capacity. This is a company with a revolutionary
technology and a huge market opportunity. Dan and his team have positioned
BOLDER to become the market leader in high-powered batteries and products, and I
believe that I can help to realize that goal."
"My five years with BOLDER have been extremely rewarding, as we have advanced
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from an early development-stage company through the IPO process and into a
high-volume commercial operation. It is now time to pass the baton to a highly
qualified consumer products professional whose background and experience prepare
him to lead the company to the next stage of growth. I couldn't have more
confidence in Roger or in the future of BOLDER," concluded Mr. Lankford.
BOLDER TECHNOLOGIES CORPORATION
Headquartered in Golden, Colorado, BOLDER Technologies is an energy technology
company that is developing and commercializing advanced, high-power,
rechargeable battery systems based on its patented TMF technology. The Company's
TMF technology uses proven lead-acid electrochemistry in a proprietary
configuration that has higher power density than any commercially available
rechargeable battery. BOLDER Technologies believes that the high power and other
performance characteristics of TMF technology offer a number of advantages over
existing batteries for a wide range of current and future applications.
SAFE HARBOR STATEMENT
Except for historical information contained herein, this news release may
contain forward-looking statements that involve risks and uncertainties,
including manufacturing risks associated with implementing new process
technology, testing and validating the new production line, achieving
commercial-scale manufacturing levels, achieving consistent yields and quality,
uncertainty of market acceptance, as well as other risks detailed from time to
time in the Company's filings with the Securities and Exchange Commission,
including the Company's registration statement on Form S-3 on December 5, 1997,
as amended through February 19, 1998, the Form 10-K filed March 30, 1999, and
Form S-3 filed on July 12, 1999. These risks may in the future cause the
Company's results to differ materially from those expressed in any
forward-looking statements made by BOLDER.
