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): May 10, 2006
CASS INFORMATION SYSTEMS, INC.
(Exact name of registrant as specified in its charter)
| Missouri | 2-80070 | 43-1265338 | ||
| (State or other jurisdiction of incorporation or organization) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
| 13001 Hollenberg Drive Bridgeton, Missouri |
63044 | |
| (Address of principal executive offices) | (Zip Code) |
(314) 506-5500
(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. |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act. |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act. |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act. |
| Item 5.02. | Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. |
On May 10, 2006, Cass Information Systems, Inc. (the “Company”) issued a press release announcing the appointment of P. Stephen Appelbaum, CPA as the Company’s Vice President-Secretary and Chief Financial Officer, effective May 15, 2006. In this position, Mr. Appelbaum will serve as the Company’s Principal Financial Officer.
Mr. Appelbaum, age 48, has 26 years of financial institution experience. Most recently, he served as senior vice president in the Corporate Banking Division at U.S. Bank, where he was employed in various capacities since 1990. From 1980 to 1990, Mr. Appelbaum worked as a professional with KPMG Peat Marwick, LLP, most recently as a senior audit manager.
A copy of the press release announcing Mr. Appelbaum’s appointment is attached hereto as Exhibit 99.1 and incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit Number | Description | |
| 99.1 | Press release issued by Cass Information Systems, Inc. dated May 10, 2006 | |
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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.
Dated: May 11, 2006
| CASS INFORMATION SYSTEMS, INC. | ||
| By: | /s/ Eric H. Brunngraber | |
| Name: |
Eric H. Brunngraber | |
| Title: |
President and Chief Operating Officer | |
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Exhibit Index
| Exhibit Number | Description | |
| 99.1 | Press release issued by Cass Information Systems, Inc. dated May 10, 2006 | |
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Exhibit 99.1
| NEWS RELEASE | May 10, 2006 |
Contact: Kenn Entringer at Casey Communications, Inc., (314) 721-2828
kentringer@caseycomm.com
Cass Information Systems Appoints
Appelbaum as Chief Financial Officer
ST. LOUIS - P. Stephen Appelbaum, CPA, has been named chief financial officer of Cass Information Systems (CIS), Inc. (NASDAQ: CASS), the nation’s leading provider of transportation, utility and telecom invoice payment and information services. Making the announcement was Lawrence A. Collett, chief executive and chairman of the board.
“We are pleased to have someone of Steve’s background and 26 years of financial institution experience assume this important role in our organization,” said Collett. “He will bring a depth of knowledge and expertise that will benefit Cass at this important time in its history. His banking background will prove invaluable as we continue to grow our financial exchange capabilities, which exceeded $16 billion in 2005.”
Appelbaum most recently served as senior vice president in the Corporate Banking Division at
U.S. Bank. Prior to that, he was a senior audit manager for KPMG Peat Marwick, LLP.
He holds a bachelor’s degree in accounting from the University of Missouri - Columbia and a master’s in business administration from Washington University in St. Louis.
Appelbaum succeeds Eric H. Brunngraber who was promoted last month to president and chief operating officer of Cass.
CIS is the leading provider of transportation, utility and telecom invoice payment and information services. The company, which has been involved in the payables services and information support business since 1956, disburses over $16 billion annually on behalf of customers from processing centers in St. Louis, Mo., Columbus, Ohio, Boston, Mass. and Greenville, S.C. The support of Cass Commercial Bank, founded in 1906, makes CIS unique in the industry.
-end-
| Editor’s note: | P. Stephen Appelbaum is a resident of Des Peres, Mo. 63131. |
| Cass Information Systems, Inc. makes its headquarters at 13001 Hollenberg Dr. in Bridgeton, Mo. 63044. |