SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): December 10, 2012
(Exact Name of Registrant as Specified in Charter)
(State or Other Jurisdiction
3000 Atrium Way, Suite 265
Mount Laurel, New Jersey
|(Address of Principal Executive Offices)||(Zip Code)|
(Registrants 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 (17 CFR 230.425)|
|¨||Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)|
|¨||Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))|
|¨||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 Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On December 10, 2012, Marek Forysiak, a member of the board of directors (the Board) of Central European Distribution Corporation (the Company) notified the Board of his resignation from the Board effective immediately. Mr. Forysiak, who has served as an independent director of the Company since April 2009, was a member of the Boards Audit Committee. The Company expects Mr. Sieger to be appointed to the Audit Committee following Mr. Forysiaks departure.
Item 8.01. Other Events.
On December 10, 2012, the Company engaged Alvarez & Marsal North America, LLC, Alvarez & Marsal CIS LLP and Alvarez & Marsal Poland Sp. z o.o. (collectively Alvarez & Marsal) as its restructuring advisor. Alvarez & Marsal was selected by the Board with the unanimous approval of the special committee of Company directors. The Company also appointed Maxim Frangulov, Managing Director of Alvarez & Marsal and co-head of Alvarez & Marsals restructuring practice in Russia, as the Companys Chief Restructuring Officer. Mr. Frangulov and his team will serve as independent contractors to the Company and will report to the Board.
Mr. Frangulov has more than 15 years of experience in corporate restructuring advisory services. As Chief Restructuring Officer, he will advise the Company on improving its liquidity management and operational efficiency.
Pursuant to the requirements of the Securities Exchange Act of 1934, Central European Distribution Corporation has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|Interim Chief Executive Officer|
Date: December 11, 2012