UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________
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FORM 8-K
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| CURRENT REPORT | ||
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Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 7, 2018
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| Rand Logistics, Inc. | ||
| (Exact name of registrant as specified in its charter) | ||
| Delaware | 001-33345 | 20-1195343 |
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
| 333 Washington Street, Suite 201, Jersey City, New Jersey | 07302 | |
| (Address of principal executive offices) | (Zip Code) | |
| Registrant’s telephone number, including area code (212) 863-9427 | ||
| 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: | ||
| ¨ | 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)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
o Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o |
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 2, 2018, Mark S. Hiltwein, Chief Financial Officer of Rand Logistics, Inc. (the “Company”) resigned from his position, effective upon consummation of the Company’s pre-packaged plan of reorganization (the “Plan”) as described under Item 1.03 of the Company’s Current Report on Form 8-K filed with the SEC on January 30, 2018. Mr. Hiltwein’s resignation is not the result of any disagreement with the Company on any matter relating to its operations, policies or practices.
In connection with Mr. Hiltwein’s resignation, the Company’s Board of Directors (the “Board”), upon the recommendation of the Compensation Committee of the Board, approved a one-time lump sum cash payment to Mr. Hiltwein of $100,000, which is payable upon consummation of the Plan.
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.
| Date: February 7, 2018 | RAND LOGISTICS, INC. | |||
| By: | /s/ Mark S. Hiltwein | |||
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Mark S. Hiltwein Chief Financial Officer | ||||