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 30, 2003
ALTERNATIVE TECHNOLOGY RESOURCES, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-240468 68-0195770
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation or File Number) Identification No.)
organization)
629 J Street, Sacramento, CA 95814
(916) 231-0400
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(Address and telephone number of principal executive offices)
Item 5. Other Events and Regulation FD Disclosure
The Company wishes to announce that effective July 1, 2003, the Board of
Directors has appointed Mr. Alan Baron as Chairman of the Board of Directors and
Mr. Mark Rieger as a director and the Company's Chief Executive Officer.
Mr. Alan Baron currently serves as General Partner of Decameron Partners.
Prior to Mr. Mark Rieger's appointment as Chief Executive Officer, he
served as Vice President of Plan Purchasing for the Company.
Mr. Baron replaces Mr. James W. Cameron, Jr. who resigned as a member of
the Board of Directors and Chief Financial Officer of the Company effective June
30, 2003. Mr. Rieger replaces Mr. Jeff McCormick who resigned as Chief Executive
Officer effective July 1, 2003. Mr. McCormick, however, continues to serve as a
member of the Board of Directors. The Company will actively search for a new
Chief Financial Officer.
Currently, the Company's revenues are not meeting its expectations. As a
result, the Company is experiencing substantial cash shortages. The Company has
taken steps to reduce its expenses in an effort to improve its financial
condition. Such steps include the reduction in number of the Company's employees
from 98 employees as of December 31, 2002 to 29 employees. In addition, the
Company intends to seek additional capital for its operations and in order to
improve its financial condition and provide short-term working capital.
Neither the resignation of Messrs. Cameron or McCormick involved any
disagreement with the Company on any matter relating to the Company's
operations, policies or practices, and they have not requested that any matter
be disclosed.
SIGNATURE
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.
Alternative Technology Resources, Inc.,
a Delaware Corporation
Dated: July 3, 2003 /s/Edward L. Lammerding
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Edward L. Lammerding
Secretary