Document:

a6567283ex10_5.htm

Exhibit 10.5

Baldwin Jimek AB

Testvagen 16

S-232 37 Arlov, Sweden

Organization # 556263-4724

Tel: +46 40 43 98 00

Fax: +46 40 43 98 10

January 3, 2011

Peter Hultberg

Hippodromvagen 12

Loddekopinge 24650

Sweden

Dear Peter:

Pursuant to Section 10 of the agreement effective July 1, 2009 between you and Baldwin Jimek AB (the “Company”)  which sets forth the terms of your employment as Managing Director of the Company and Vice President Marketing, Sales and Service of the Baldwin Group (the “Agreement”), the Agreement is hereby amended, effective immediately, as follows:

1.           Paragraph 1 of the Agreement shall be deleted in its entirety and the following substituted therefor:

1. DUTIES.  You shall be employed as the Managing Director/Vice President – Global Sales and Marketing and will report directly to the President and CEO of Baldwin Technology Company, Inc. (“BTI”) and as described in detail in the position description provided to you and attached hereto as Exhibit A, shall be responsible for the sales and marketing leadership with direct responsibility for sales, marketing and key account management teams of BTI and all its world-wide sales and marketing operations in Europe, Asia (including Japan) and the Americas (the “Baldwin Global Group”).  The Managing Director/Vice President – Global Sales and Marketing shall also direct and manage the overall affairs and property of Baldwin Jimek AB and the Baldwin Global Group in compliance with the law, this Contract of Employment, and the directions of BTI, of which Baldwin Jimek AB is a wholly owned subsidiary.  The Managing Director/Vice President – Global Sales and Marketing shall also be a member of the Baldwin Leadership Team (BLT).

From time to time, the Company or President and CEO of BTI may change your duties and responsibilities by adding to them or subtracting from them.

	
2.

	
Wherever the words “Vice President Marketing, Sales and Service” appear in the Agreement, your new title of “Vice President – Global Sales and Marketing” shall be substituted therefor.  Wherever the words Baldwin Group appear in the Agreement, the term Baldwin Global Group shall be substituted therefor.

  

1

  

 

All other sections of the Agreement shall remain in full force and effect as originally agreed to.

for Baldwin Jimek AB

By: /s/Mark T. Becker_______________________

       Mark T. Becker

       Director

AGREED TO AND ACCEPTED:

/s/Peter Hultberg______________________

Peter Hultberg

  

2

  

 

Baldwin Technology Company, Inc.

Title: Vice President – Global Sales & Marketing

Reports to: President & CEO 

Location: Arlov, Sweden

Job Summary & Functions:

Reporting to the CEO, responsible for directing and managing the Company’s global Sales, Marketing and Key Account Management activities for Baldwin’s world-wide locations in Europe, Asia, Japan and the Americas in a manner consistent with established business objectives.

Essential Duties and Responsibilities:

	
  

	
1)

	
Together with the CEO, develop the Company’s overall strategic direction of the Company.  Work with other Baldwin Leadership Team members to align business plans and strategies.

	
  

	
2)

	
Develop and implement the Company’s annual operating plan, short & long range sales and marketing plans, pricing strategies, and customer relationship plans in a manner that will enhance and increase the Company’s overall growth and profit goals.

	
  

	
3)

	
Right-size the Company’s sales organization and cost structure to achieve target returns.  Review and recommend strategic sales alliances where optimal versus Company direct costs.

 

 

	
  

	
4)

	
Establish, properly staff, develop and evaluate performance levels of sales teams to meet present and long-range plans of the group.  Lead in the management of customer relationships, pricing guidelines and controls, sales incentive systems, market needs assessment, sales/product training, working capital (A/R) improvements, global standardization of sales and marketing materials and  processes.

	
  

	
5)

	
Jointly with Product Management teams, develop and implement product/market/customer strategies to drive growth.

	
  

	
6)

	
Direct and coordinate global operational activities through subordinate supervision; establish annual objectives, provide feedback and performance reviews and align compensation targets.

	
  

	
7)

	
Direct and coordinate global sales, marketing and key account management activities through subordinate supervision; clarify, interpret and outline objectives and assignments and maintain necessary follow-up to schedules and budgetary targets.

  

3

  

 

	
  

	
8)

	
Work with customers, V.P. Product Management and R&D and other sources to identify key market needs and opportunities.  Assist in the development of new product proposals based on sales, marketing and key account management input.

	
  

	
9)

	
Maintain liaison with other departments within the company especially with V.P. – Global Operations, V.P. Global Administrative Services, and V.P. – Product Management ands R&D.  Devote close attention to cases of an urgent or critical nature and when warranted handle personally.  Contact key/critical suppliers and visit customers and operation locations to promote and develop positive business relations.

	
  

	
10)

	
Routinely issues report and analysis and conduct periodic presentations for the company’s Board of Directors.

Nonessential Duties and Responsibilities:

Perform other sales & marketing and Company duties as required.

4a6567283ex10_6.htm

Exhibit 10.6

Baldwin Germany GmbH

Joseph-Baur-Strasse 2

Friedberg, Germany 86316

Tel: +49 821 7942 0

Fax: +49 821 7942 222

January 3, 2011

between

Baldwin Germany GmbH

(hereinafter referred to as the “Company” or “BGG”)

and

Dr. Steffen Weisser

(hereinafter referred to as “Managing Director/Vice President - Global Operations”)

Dear Dr. Weisser:

Pursuant to Section 12 of the agreement effective July 1, 2009 between you and BGG which sets forth the terms of your employment as Managing Director of BGG and Vice President Operations of the Baldwin Group (referred to herein as the “Agreement”), the Agreement is hereby amended, effective immediately, as follows:

	
  

	
1.

	
The Preamble and all other subsequent Paragraphs within the Agreement are all amended to reflect your revised title as Managing Director (“Vorsitzender der Geschaftsfuehrung”) of Baldwin Germany GmbH and Vice President – Global Operations of BTI and all its world-wide operations in Europe, Asia (including Japan) and the Americas (the “Baldwin Global Group”).  Wherever in the agreement the term “Baldwin Group” appears, the term “Baldwin Global Group” shall be substituted therefor.

	
  

	
2.

	
Section 1, Paragraphs 1 and 2 are deleted in their entirety and replaced with the following new Section 1, Paragraphs 1 and 2:

The Managing Director/Vice President – Global Operations will report directly to the President and CEO of Baldwin Technology Company, Inc. (“BTI”) and as described in detail in the position description provided to you and attached hereto as Exhibit A, shall be responsible for the operational leadership with direct responsibility for manufacturing, engineering, supply chain management, service and installation teams, and parts of the Baldwin Global Group.  The Managing Director/Vice President – Global Operations shall represent the Company and the Baldwin Global Group in compliance with the law, this Contract of Employment, and the directions of BTI, of which BGG is a wholly owned subsidiary.  The Managing Director/Vice President – Global Operations shall also be a member of the Baldwin Leadership Team (BLT).

  

1

  

 

From time to time, the Company or President and CEO of BTI may change the duties and responsibilities of the Managing Director/Vice President –Global Operations or the location of the Company’s or Baldwin Global Group’s operations by adding to them or subtracting from them.

As so amended by this letter agreement, all other sections of the Agreement shall remain in full force and effect as originally agreed to.

Baldwin Germany Holding GmbH (shareholder of BGG)

By: /s/John P. Jordan_______________________

       John P. Jordan

       Geschaftsfuhrer

AGREED TO AND ACCEPTED:

/s/Dr. Steffen Weisser______________________

Dr. Steffen Weisser

  

2

  

 

Baldwin Technology Company, Inc.

Title: Vice President – Global Operations

Reports to: President & CEO 

Location: Friedberg, Germany

Job Summary & Functions:

Reporting to the CEO, responsible for directing and managing the Company’s global Manufacturing, Engineering, Supply Chain Management, Service and Installation and Parts teams of Baldwin’s world-wide manufacturing operations in Europe, Asia, Japan and the Americas in a manner consistent with established business objectives.

Essential Duties and Responsibilities:

 

 

	
  

	
1)

	
Together with the CEO, develop the Company’s overall strategic direction of the Company.  Work with other Baldwin Leadership Team members to align business plans and strategies.

	
  

	
2)

	
Develop and implement the Company’s annual operating plan, short & long range manufacturing plans, gross margin and operating expense plans in a manner that will enhance and maintain the Company’s overall growth and profit goals.

	
  

	
3)

	
Right-size the Company’s manufacturing platform and operating cost structure to achieve target returns.

 

 

	
  

	
4)

	
Establish, properly staff, develop and evaluate performance levels of operational units to meet present and long-range plans of the group.  Lead in the management of people safety, quality, cost reduction, product rationalization, global standardization of products and processes, working capital improvements, and service levels.

	
  

	
5)

	
With market and customer direction provided by Sales and Product Management teams, develop and manufacture product solutions at targeted cost/pricing which will facilitate revenue growth at target margins.  Participate in customer discussions to address customer product and service needs.

	
  

	
6)

	
Direct and coordinate global operational activities through subordinate supervision; establish annual objectives, provide feedback and performance reviews and align compensation targets.

	
  

	
7)

	
Manage procurement activities to reduce costs, lower risk, and improve quality of products.

  

3

  

 

	
  

	
8)

	
Improve working capital management in accounts payable through procurement terms management, and optimized inventory levels.

	
  

	
9)

	
Routinely issue reports and analysis, and conducts periodic presentations for the company’s Board of Directors.

Nonessential Duties and Responsibilities:

Perform other operational and Company duties as required.

4

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