UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES AND EXCHANGE ACT OF 1934
Date of Report (Date of earliest reported): February 22, 2007
TECH LABORATORIES, INC.
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(Exact name of registrant as specified in charter)
New Jersey 000-27592 22-1436279
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(State or Other Jurisdiction of (Commission (IRS Employer
Incorporation or Organization) File Number) Identification No.)
Harbour Centre, 18851 NE 29th Avenue, Suite 306, Aventura, Florida 32180
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(Address of principal executive offices) (Zip Code)
N/A
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(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 PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF PRINCIPAL OFFICERS.
On February 22, 2007, the Board of Directors of Tech Laboratories, Inc., a
corporation organized under the laws of the State of New Jersey (the "Company"),
accepted the resignations of Peter Nasca and Craig Press as members of the Board
of Directors of the Company and the resignation of Donna Silverman as President,
Chief Executive Office and Chief Financial Officer. Neither Mr. Nasca, nor Mr.
Press served on any committees of the Board of Directors.
Subsequently, on February 22, 2007, Board of Directors of the Company
appointed David Marks as a member of the Board of Directors and appointed John
King as Chief Executive Office and Chief Financial Officer of the Company.
David Marks
Mr. Marks has been the Chairman of Titan Global Holdings, Inc. ("Titan"), a
diversified holding company, since May 2005 and previously served as the
Chairman from September 2002 until May 2003. From May 2003 until May 2005, Mr.
Marks served as one of the Directors of Titan. In addition, from November 2004
until November 2006, Mr. Marks served as the Chairman of the Board of Directors
of Thomas Equipment, Inc., a manufacturer and distributor of skid steer loaders
and pneumatic and hydraulic components and systems. Mr. Marks has served as
Trustee of Irrevocable Children's Trust and Irrevocable Children's Trust No. 2
since 1994. Irrevocable Children's Trust and Irrevocable Children's Trust No. 2
currently have an ownership or investment interest in commercial properties,
private residences, natural resources, telecommunications, and technology
companies, and other business and investment ventures. Mr. Marks has the
responsibility in overseeing all investments by Irrevocable Children's Trust and
Irrevocable Children's Trust No. 2 with responsibilities beginning at
acquisition and continuing through ownership. Mr. Marks generally acts in the
capacity of officer or director for all of the operating companies that are
vehicles for investments by the Trusts and is involved in strategic planning,
and major decision-making. Mr. Marks is also a managing member of Farwell Equity
Partners. Mr. Marks holds a BS in Economics from the University of Wisconsin.
John King
Mr. King was the Chief Executive Officer and a Director of NewGen
Technologies, Inc., an alternative fuel developer, from June 2005 until
September 2005 and was reassigned as Chief Executive Officer of International
Operations from September 2005 until January 2006. Mr. King was involved with
operations, engineering, marketing, and sales management over a 17-year career
with the Procter & Gamble Company from 1987 to 2004. Most recently, from 2002 to
2004, Mr. King led the Client Services and Business Development functions in a
non-traditional marketing services company within P&G. Prior to this, from 1998
to 2002, Mr. King was instrumental in the leadership of business expansion
efforts for P&G's paper business in Europe. Mr. King earned a Bachelor of
Science with Great Distinction in Chemical Engineering at Clarkson University.
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.
TECH LABORATORIES, INC.
Date: March 7, 2007 By: /s/ JOHN KING
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Name: John King
Title: Chief Executive Officer