U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
Date of Report (Date of earliest event reported): Sept. 20, 2000
Commission File No. 0-22524
REAL GOODS TRADING CORPORATION
(Exact name of small business issuer as specified in its charter)
California 8-0227324
(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification Number)
3440 Airway Drive, Santa Rosa California 95403
(Address of principal executive offices) (Zip Code)
Issuer's telephone number, including area code: (707) 542-2600
Item 5. Other events.
The Registrant hereby incorporates by reference the information
contained in Attachment A hereto in response to this Item 5.
SIGNATURES
Pursuant to the requirements on 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.
REAL GOODS TRADING CORPORATION
(Registrant)
Date: September 20, 2000
By [S]LESLIE B. SEELY
Leslie B. Seely
Chief Financial Officer
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ATTACHMENT A
Item 5. Other events.
Real Goods Announces Management Changes
- Company Enters Key Holiday Selling Season in Strong Position
Santa Rosa, California, September 20, 2000... Real Goods Trading
Corporation (Nasdaq: RGTC, Chicago Exchange: RGT), a California
based retailer of environmental and renewable energy products
using catalogs, retail stores, and the Internet, announced today
that it is embarking upon a management reorganization plan,
effective October 1, 2000, that will streamline its staff and
reduce expenses.
Mark Swedlund, President, and Les Seely, CFO & Corporate
Secretary, have resigned to pursue other interests. Both
resignations are effective September 30, 2000, and both will
remain actively with the Company until then, and continue as
consultants as needed in the future. CEO and Founder, John
Schaeffer, will reassume the Presidency of the Company and Jeff
Pecsar, the Company's Controller is being promoted to Vice
President of Finance and Accounting. Pecsar will handle all of
the Company's financial matters.
Other management changes include the promotion of Ann Killeen to
Vice President of Information Systems, Inventory Planning and
Circulation. Killeen has been with the Company for two years and
was formerly Director of Information Services and Inventory
Planning for direct marketers Storybook Heirlooms and Tzabaco.
Kathy Asher is being promoted to Vice President of Operations.
Asher is currently running the Company's call center,
distribution center, public relations department, and renewable
energy division. Asher formerly worked for direct mailer Foster &
Gallagher where she helped run a 275-seat call center, and for
Travelsmith where she helped grow the call center from 12 seats
when she arrived to over 100 seats when she left. In an unrelated
matter, the Company reported that Board Members John Lenser and
Richard Cundiff have also resigned from the Board of Directors.
Company CEO, John Schaeffer, commented "I'm sad to see Mark and
Les leave the Company, but I really appreciate all they've done
for us, and I wish them well. The organization which they helped
build is strong and well prepared for our all-important Holiday
selling season. Response to our Fall catalog has been
enthusiastic and our soon-to-be-mailed Holiday catalog is looking
fantastic. It's great to provide three strong internal candidates
with promotions and provides continuity of leadership for our 100
employees from people they've grown to know and respect over the
years. I'm optimistic that our new leadership team will continue
to build upon the momentum we have going. Our balance sheet
remains very strong, we have over $1 million in the bank, haven't
touched our $1.5 million line of credit and we're entering our
strongest season of the year. With gas prices increasing and
traditional utility companies struggling with supply, we see huge
opportunities emerging for solar and renewable energy."
The following constitutes a "Safe Harbor" statement under the
Private Securities Litigation Reform Act of 1995: This press
release contains forward-looking statements that involve a number
of risks and uncertainties. Important factors that could cause
actual results to differ materially from those indicated by such
forward-looking statements are set forth under the heading
"Certain Considerations" in the Company's annual report on Form
10-KSB for the year ended March 31, 1999. These include risks and
uncertainties relating to sales growth, availability of capital,
customer preferences and the general economy.
Real Goods Trading Corporation is the largest provider of
renewable energy and products for healthy living in the world
through its catalogs and retail stores and on its Website
(www.realgoods.com) (call 1.800.762.7325 for a free catalog). The
Company's common stock is publicly traded on the Chicago Stock
Exchange under the symbol "RGT", on the Nasdaq Small Cap market
under the symbol "RGTC", and through a bulletin board maintained
on its web site (http://www.realgoods.com).
