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ITEM 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On February 1, 2013, Trans World Corporation’s Board of Directors elected one new independent director effective February 6, 2013. This director joins the Company’s Board in addition to the currently sitting members.
The new director is Patrick J. Bennett, Sr. Mr. Bennett has more than 25 years of experience as a high-level executive in the Communications field, both nationally and internationally, with tenures at Sprint PCS, Rogers AT&T Wireless, Cambridge Positioning System, and Tesso Technologies. More recently, Mr. Bennett worked with Covad Communications as Executive Vice President – Strategic Imperatives and then as the Company’s President and CEO. Currently, Mr. Bennett is the President and Founder of CEO Strategies Group, a private consulting firm dedicated to building high-performance executive teams.
ITEM 9.01 Financial Statements and Exhibits
Exhibit 99.1 – Press Release dated February 6, 2013.
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.