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): June
5, 2007 (June 1, 2007)
DGSE
COMPANIES, INC.
(Exact
Name of Registrant as Specified in Charter)
|
Nevada
|
1-11048
|
88-0097334
|
|
(State
or Other Jurisdiction
of
Incorporation)
|
(Commission
File Number)
|
(IRS
Employer
Identification
No.)
|
|
2817
Forest Lane, Dallas, Texas
|
75234
|
|
(Address
of Principal Executive Offices)
|
(Zip
Code)
|
Registrant’s
Telephone Number, Including Area Code: (972)
484-3662
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):
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement
communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
5.02. Departure
of Director; Election of Directors.
On
June
1, 2007, pursuant to the terms of the amended and restated agreement and plan
of
merger and reorganization, which we refer to as the merger agreement, pursuant
to which we acquired Superior Galleries, Inc., which we refer to as Superior,
Alfred W. Slayton resigned from our board of directors.
Thereafter,
pursuant to the terms of the merger agreement, our board of directors increased
the size of our board from 5 to 7 directors.
Thereafter,
pursuant to the terms of the merger agreement, our board of directors appointed
David Rector, Mitchell T. Stoltz, and Richard Matthew Gozia to fill the
vacancies on our board created by the resignation of Mr. Slayton described
above
and the increase in the size of our board.
Thereafter,
Mr. Rector was appointed to our audit committee.
Prior
to
our acquisition of Superior, both Messrs. Rector and Stoltz were directors
of
Superior. Both Messrs. Stoltz and Gozia were nominated by Stanford International
Bank Ltd., our largest stockholder, pursuant to the terms of the merger
agreement. Mr. Rector was elected pursuant to terms of the merger agreement,
which terms were requested by Superior.
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.
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DGSE
COMPANIES,
INC. |
|
|
|
| Date: June
5,
2007 |
By: |
/s/ Dr.
L.S.
Smith |
| |
Dr.
L.S. Smith |
| |
Chairman
& Chief Executive Officer |