SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
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Date of report (Date of earliest event reported): April 12, 2006
USA TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
Pennsylvania 33-70992 23-2679963
(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification No.)
incorporation or
organization)
100 Deerfield Lane, Suite 140
Malvern, Pennsylvania 19355
(Address of principal executive offices and zip code)
Registrant's telephone number, including area code: 610-989-0340
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:
|_| 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))
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ITEM 5.02 Departure of Directors; Election of Directors; Appointment of
Principal Officers
(d) Mr. Albert Passner was appointed to the Board of Directors of the Company on
April 12, 2006, to fill the vacancy resulting from the increase in the size of
the Board of Directors to seven members.
Mr. Passner is a consultant in the fields of physics and engineering. From
1969 to 2001, Mr. Passner was a member of the technical staff at Lucent/AT&T
Bell Labs. While at Lucent, Mr. Passner participated in many projects, including
designing systems in electronics, optics, lasers, pulsed magnets,
electron-optics, cryogenics and thin films. In addition, Mr. Passner has
authored and co-authored more than fifty publications. Prior to his thirty plus
years at Lucent/AT&T Bell Labs, Mr. Passner served as an engineer at RCA
(1961-1963), and a member of the staff at Princeton-Penn Accelerator in
Princeton, New Jersey (1963-1969). He received a BS in Physics from CCNY in 1960
and an MS in Physics from NYU in 1966.
SIGNATURES
Pursuant to the Securities Exchange Act of 1934, the Company has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
USA TECHNOLOGIES, INC.
By: /s/ George R. Jensen, Jr.
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George R. Jensen, Jr.
Chief Executive Officer
Dated: April 13, 2006