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): October 23, 2006
PETALS
DECORATIVE ACCENTS, INC.
(Exact
Name of Registrant as Specified in Charter)
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Delaware
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0-24641
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84-1016435
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(State
or other jurisdiction
of
incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
Number)
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Executive
Pavilion, 90 Grove Street, Ridgefield, Connecticut
06877
(Address
of principal executive offices) (Zip Code)
(203)431-3300
(Registrant’s
telephone number, including area code)
N/A
(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).
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))
CAUTIONARY
STATEMENT REGARDING FORWARD LOOKING STATEMENTS
This
report on Form 8-K contains "forward-looking statements" within the meaning
of
Section 27A of the Securities Act of 1933, as amended (the "Securities
Act")
and
Section 21E of the Securities Exchange Act of 1934, as amended (the
"Exchange
Act").
We
intend the forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements in these sections. All statements
regarding our expected financial position, business and financing plans are
forward-looking statements. These statements can sometimes be identified by
our
use of forward-looking words such as "may," "will," "should," "expect,"
"anticipate," "project," "designed," "estimate," "plan" and "continue." Although
we believe that our expectations in such forward-looking statements are
reasonable, we cannot promise that our expectations will turn out to be correct.
These
forward-looking statements are subject to certain risks, uncertainties and
assumptions relating to Petals Decorative Accents, Inc. Should one or more
of
these risks or uncertainties materialize, or should the assumptions underlying
our forward-looking statements prove incorrect, our future performance and
actual results of operations could vary significantly from those anticipated,
projected, believed, expected, intended or implied. We undertake no obligation
to update any of the forward-looking statements in this Report, which speak
only
as of the date they were made.
| Item
5.02 |
Departure
of Directors or Principal Officers; Election of Directors;
Appointment
of Principal Officers
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On
October 23, 2006, our board of directors appointed Gregory Powell to the
position of Chief Financial Officer.
Prior
to
joining us, from April 2004 to October 2006, Mr. Powell served as the chief
financial officer of Spiegel Brands Inc., a direct response retailer of apparel
and home furnishings based in New York, NY, where he previously served as Vice
President of Finance from June 2003 to April 2004. Prior to his time at Spiegel,
from April 1996 to June 2003, Mr. Powell served as the Vice President of
Merchandise Planning and Inventory Control for the Direct Sales Division of
J.
Crew Group, Inc. and from September 1991 to March 1996, he served as Director
of
Merchandise Planning for the Direct Sales Division of J. Crew Group.
Mr.
Powell is not a party to any transactions with us that we would be required
to
disclose pursuant to Item 404(a) of Regulation S-B promulgated under the
Securities Act of 1933.
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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PETALS
DECORATIVE ACCENTS, INC.
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Dated:
October 26, 2006
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By: |
/s/
Stephen M. Hicks |
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Stephen
M. Hicks
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President
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