Form 8-K
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 16, 2008
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MACC Private Equities Inc.
(Exact name of registrant as specified in its charter)
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Delaware 0-24412 42-1421406
(State or other jurisdiction of (Commission File Number) (IRS Employer
incorporation) Identification No.)
101 Second Street SE, Suite 800
Cedar Rapids, Iowa 52401
(Address of principal executive (Zip Code)
offices)
Registrant's telephone number, including area code: (319) 363-8249
N/A
(Former name or former address, if changed since last report.)
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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 or Principal Officers; Election of Directors;
Appointment of Principal Officers.
Effective January 16, 2008, Ms. Jasja Kotterman resigned as a member of the
Board of Directors (the "Board") of MACC Private Equities Inc. (the "Company").
Ms. Kotterman's resignation is due to her current position in Hong Kong and
heavy travel schedule and not due to any disagreement with the Company or the
Board.
Effective January 16, 2008, the Board elected Mr. James. W. Eiler to
replace Ms. Kotterman on the Board and to join the Audit Committee, the
Investment and Valuation Committee, and the Corporate Governance and Nominating
Committee. Mr. Eiler is the current Principal of Eiler Capital Advisors, and he
previously served as Managing Director of First National Investments, Managing
Partner of Cybus Capital Markets, Inc., Senior Vice President - Agricultural
Financial Services of John Deere Credit, President and CEO of Farm Credit
Leasing, and Vice President and CFO of Agribank, FCB.
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.
Date: January 21, 2008
MACC PRIVATE EQUITIES INC.
By: /s/ David R. Schroder
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David R. Schroder
President and Secretary