Attached files

file filename
EX-99 - EXHIBIT 99.1 - ROYAL HAWAIIAN ORCHARDS, L.P.ex99-1.htm
EX-10 - EXHIBIT 10.1 - ROYAL HAWAIIAN ORCHARDS, L.P.ex10-1.htm

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)

December 22, 2014

 

Royal Hawaiian Orchards, L.P.

(Exact name of registrant as specified in its charter)

 

Delaware

1-9145

99-0248088

(State or other jurisdiction

(Commission

(IRS Employer

of incorporation)

File Number)

Identification No.)

 

688 Kinoole Street, Suite 121, Hilo, Hawaii

96720

(Address of principal executive offices)

(Zip Code)

 

Registrant’s telephone number, including area code

949-661-6304

 

N/A

(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 (see General Instruction A.2. below):

 

[  ] 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 22, 2014, Royal Hawaiian Orchards, L.P. (the “Partnership”) issued a press release announcing that on December 1, 2014, the Board of Directors of Royal Hawaiian Resources, Inc. (the “General Partner”), the Managing General Partner of the Partnership, appointed Jeffrey S. Girdner, age 55, to serve as the Director of Finance (Principal Financial and Accounting Officer) of the General Partner. Scott Wallace, the President and Chief Executive Officer of the General Partner, held the position of Chief Accounting Officer (Principal Accounting Officer) on an interim basis since November 14, 2014. Mr. Wallace will no longer serve as Chief Accounting Officer (Principal Accounting Officer) of the General Partner, but he will continue as the President and Chief Executive Officer of the General Partner.

 

Mr. Girdner has 28 years of financial and accounting experience. Prior to joining the General Partner, he was employed with Taketa, Iwata, Hara & Associates, LLC, a CPA firm in Hilo, Hawaii, where he served as Manager in Charge of Audit Engagements for the past six years and from 1991 to 1999. Mr. Girdner’s previous work experience also includes Controller of Oostburg Concrete Products, Inc. and Senior Manager of Clifton Gunderson LLP, in Wisconsin. Mr. Girdner began his career in 1986 at Deloitte & Touche in Guam and Micronesia. Mr. Girdner received his Bachelor of Science degree in Business Administration with an emphasis in financial management from the University of Montana and is a Certified Public Accountant.

 

The General Partner has agreed to pay Mr. Girdner a salary of $120,000 annually. In addition, Mr. Girdner is eligible to receive an annual bonus of up to 20% of his salary ($24,000) based on performance goals to be established by the President of the General Partner and approved by the Board of Directors of the General Partner. Mr. Girdner is also eligible to receive the standard benefits available to all non-union employees of the General Partner. There is no term to Mr. Girdner’s employment agreement.

 

There is no arrangement or understanding between Mr. Girdner and any other persons pursuant to which he was selected as an officer. Mr. Girdner has no family relationship with any director or executive officer of the General Partner, the Partnership or of Royal Hawaiian Macadamia Nut, Inc., a wholly owned subsidiary of the Partnership, and has not been involved in any related person transactions that would require disclosure pursuant to Item 404(a) of Regulation S-K.

 

Item 9.01.    Financial Statements and Exhibits

   

10.1

Letter Agreement, dated December 1, 2014, by and between the General Partner and Jeffrey S. Girdner

99.1

Press Release, dated December 22, 2014, announcing the appointment of Jeffrey S. Girdner as Director of Finance

 

 
 

 

 

signature

 

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.

 

 

Royal Hawaiian Orchards, L.P.          

 

 

 

(Registrant)

 

       

Date: December 22, 2014

 

 

 

  By:     Royal Hawaiian Resources, Inc.  
    Managing General Partner  
       
       

 

By:

/s/ Scott C. Wallace

 

 

 

Scott C. Wallace

 

 

 

President and Chief Executive Officer