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
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Date
of
Report (Date of earliest event reported): July 17, 2008
Commission
File Number: 0-29195
WAYTRONX,
INC.
(Name
of
Small Business Issuer in Its Charter)
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Colorado
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84-1463284
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(State
or jurisdiction of
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(I.R.S.
Employer
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incorporation
or organization)
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Identification
No.)
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20050
SW 112th
Avenue, Tualatin, Oregon
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97062
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(Address
of Principal Executive Offices)
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(Zip
Code)
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(503)
612-2300
(Registrant’s
telephone number)
__________________________
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):
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Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
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| o |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-
12)
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| o |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.1 4d-2(b))
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| o |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR
240.13e-4(c))
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Item
5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers.
Effective
July 17, 2008, Sean P. Rooney and Matthew McKenzie were appointed to the Board
of Directors of the registrant to hold
office until their respective successor shall have been elected and qualified.
Mr.
Rooney is nominated for election to a one year term and Mr. McKenzie is
nominated to two year term at the September 2008 Annual Meeting of Shareholders.
With these two appointments, all eight seats of the board are currently
occupied.
Sean
P. Rooney
Mr.
Rooney brings to the Waytronx Board nearly 15 years of financial management
experience. Mr. Rooney currently serves as Senior Vice President of Investments
for Maxim Group LLC, a leading full service investment banking, securities
and
wealth management firm. Prior to joining Maxim Group, he served in a similar
capacity at Investec Ernst & Company, an international specialist bank
headquartered in South Africa and the U.K. Through his many years of experience,
Mr. Rooney has built a vast network of industry resources and
contacts.
Mr.
Rooney graduated from C.W. Post University in 1993 with a Bachelors of Arts
degree in Business Administration. In addition to his Series 7 (General
Securities Representative), Series 63 (Uniform Securities Law), and Series
24
(General Securities Principal) licenses, Sean has also been designated as an
Investment Advisor Representative (Series 65) of Maxim Group LLC, a SEC
Registered Investment Advisory Firm.
Mr.
Rooney currently manages a clientele of high net worth investors, institutions
and foundations. His command of the ever-expanding universe of financial
instruments enhances his ability to provide unbiased advice in each of his
three
core disciplines, money management, financial planning and estate
planning.
Mr.
Rooney owns no Waytronx, Inc. securities.
Matthew
M. McKenzie
Matt
McKenzie, age 28, has been working in various functions for CUI for over 10
years, gaining him intimate knowledge of the business, its operations, and
its
opportunities for growth. Matt currently holds the offices of President
and Chief Operational Officer of CUI and Chief Operational Officer of Waytronx.
He
established, in conjunction with CUI’s senior engineer, one of CUI’s most
successful and profitable business divisions and brands: V-Infinity.
As an internal power product division, V-Infinity offers significant
opportunities in the future in partnering with WayCool technology to offer
an
even more extensive solution set to the market. Over the past several
years, Mr. McKenzie has worked tirelessly to position CUI for growth.
Among many other things he has initiated ISO 9000, a quality management system;
provided structure to global logistics, including CUI’s China facilities; and
implemented CUI’s ERP system, which allows for more visibility and analysis
opportunities than ever in CUI’s history.
Mr.
McKenzie brings a background in leadership from a variety of fields, giving
him
valuable insight into leadership in 21st
century. He also brings an MBA from George Fox University, a program that
is diverse and well-connected to the community.
Mr.
McKenzie has an ownership interest in a Convertible Promissory Note, through
his
stock ownership in CUI, Inc., that could convert to a maximum of 707,070
Waytronx, Inc. common shares.
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 thereunto
duly authorized.
Signed
and submitted this 18th
day of
July 2008.
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Waytronx,
Inc.
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By: |
/s/
William J. Clough |
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William
J. Clough,
CEO/President
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