UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of the earliest event reported): September 20, 2007
Aspyra, Inc.
(Exact Name of Registrant as Specified in Its Charter)
California 0-12551 95-3353465
(State or Other (Commission (IRS Employer
Jurisdiction of Incorporation) File Number) Identification No.)
26115-A Mureau Road
Calabasas, CA 91302
(Address of Principal Executive Offices) (Zip Code)
(818) 880-6700
(Registrant's 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(d) Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
On September 25, 2007, Aspyra, Inc. (the "Company") announced that on
September 20, 2007, the Company's Board of Directors, in accordance with Section
3.04(B) of the Company's Bylaws elected James Zierick as a member of the
Company's Board of Directors. Mr. Zierick will fill a vacancy on the Board of
Directors and will serve until the 2008 Annual Meeting of Shareholders or until
his earlier death, resignation or removal.
James Zierick is currently the Chief Executive Officer of LOGICALAPPS, a
provider of embedded controls software for enterprise applications based in
Irvine, California. Prior to joining LOGICALAPPS, Mr. Zierick was Executive Vice
President of Worldwide Field Operations for Peregrine Systems, where he led a
350 person sales, alliance, customer support and professional services
organization. Before working with Peregrine, Mr. Zierick was a partner for
McKinsey & Company, where he helped lead the company's Southern California
technology and operational effectiveness practices. Mr. Zierick earned a Master
of Business Administration degree from the Dartmouth College, Amos Tuck School
of Business, a Bachelor of Science degree in Engineering from Dartmouth College,
Thayer School of Engineering, and a Bachelor of Arts in Engineering Sciences
from Dartmouth College.
Upon Mr. Zierick's election as a director, the Company awarded Mr. Zierick
a non-qualified stock option under the Company's 2005 Stock Incentive Plan
exercisable for 10,000 shares of the Company's Common Stock, which is consistent
with the Company's equity compensation to its other non-employee directors.
There are no understandings or arrangements between Mr. Zierick and any
other person pursuant to which Mr. Zierick was selected as a director. Mr.
Zierick does not have any family relationship with any director, executive
officer or person nominated or chosen by our Board of Directors to become a
director or executive officer. Additionally, there have been no transactions, or
series of related transactions, in the last year, nor is there any currently
proposed transaction, or series of similar transactions, to which the Company or
any of its subsidiaries was a party, or will be a party, and in which Mr.
Zierick or any member of his immediate family had, or will have a direct or
indirect material interest.
A copy of the Company's press release dated September 25, 2007 is included
as Exhibit 99.1 to this report and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) The following exhibits are being filed with this report:
99.1 Press Release, dated September 25, 2007, of Aspyra, Inc.
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.
September 25, 2007 Aspyra, Inc.
/s/ Steven M. Besbeck
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Steven M. Besbeck
President and Chief Executive
Officer