UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D. C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE
13A-16 OR 15D-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the
month of March 2010
Commission
File Number: 000-49650
TORM
A/S
(Translation
of registrant's name into English)
Tuborg
Havnevej 18
DK-2900
Hellerup
Denmark
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.
Form 20-F
[x] Form 40-F
[ ]
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1): [ ].
Note: Regulation S-T Rule
101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely
to provide an attached annual report to security holders.
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7): [ ].
Note: Regulation S-T Rule
101(b)(7) only permits the submission in paper of a Form 6-K if submitted to
furnish a report or other document that the registrant foreign private issuer
must furnish and make public under the laws of the jurisdiction in which the
registrant is incorporated, domiciled or legally organized (the registrant's
"home country"), or under the rules of the home country exchange on which the
registrant's securities are traded, as long as the report or other document is
not a press release, is not required to be and has not been distributed to the
registrant's security holders, and, if discussing a material event, has already
been the subject of a Form 6-K submission or other Commission filing on
EDGAR.
INFORMATION
CONTAINED IN THIS FORM 6-K REPORT
Attached as Exhibit 99.1 is a copy of Announcement No. 2 - 2010
issued by TORM A/S on March 1, 2010.
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, thereunto duly
authorized.
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TORM
A/S
(registrant)
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Dated:
March 2, 2010
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By:
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/s/
Mikael Skov
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Name:
Mikael Skov
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Title: Chief
Executive Officer
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SK 03810
0001 1076835
Exhibit
99.1
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ANNOUNCEMENT
NO. 2 – 2010
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1
March 2010
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Mikael
Skov steps down from the position as CEO in TORM A/S
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In
September 2008, Mikael Skov took over the position as CEO of TORM until
Jacob Meldgaard starts as new CEO on 1 April 2010. Mikael Skov has been
with TORM since 1984.
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As
Mikael Skov has not wished to be reinstated in his former position as COO,
as originally planned, Mikael Skov and TORM’s Board have decided that the
right time for Mikael Skov to leave the Company is after the release of
TORM's annual report 2009 on 11 March 2010. In the period until
1 April when new CEO Jacob Meldgaard starts, CFO Roland M. Andersen
will take over the responsibility as acting CEO.
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Chairman
of the Board N. E. Nielsen says: "On behalf of the Board of Directors I
would like to thank Mikael for taking on the position as CEO during the
past 1½ years. I respect Mikael’s decision and wish him all the best for
the future. At the same time, I personally would like to thank Mikael for
his excellent and valued cooperation in TORM and for his great efforts
during the past 25 years where he has been part of developing the Company
into what it is today."
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From
1 April 2010, TORM’s Executive Management will consist of CEO Jacob
Meldgaard and CFO Roland M. Andersen.
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Contact:
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Deputy
Chairman Christian Frigast: +45 2632 6400 (in the absence of Chairman N.
E. Nielsen).
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About
TORM
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TORM
is one of the world's leading carriers of refined oil products as well as
a significant participant in the dry bulk market. The Company runs a fleet
of approximately 140 modern vessels, principally through a pooling
cooperation with other respected shipping companies who share TORM's
commitment to safety, environmental responsibility and customer
service.
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TORM
was founded in 1889. The Company conducts business worldwide and is
headquartered in Copenhagen, Denmark. TORM's shares are listed on the
NASDAQ OMX Copenhagen (ticker: TORM) and on NASDAQ in New York (ticker:
TRMD). For further information, please visit www.torm.com.
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Safe
Harbor
Forward
Looking
Statements
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Matters
discussed in this release may constitute forward-looking statements.
Forward-looking statements reflect our current views with respect to
future events and financial performance and may include statements
concerning plans, objectives, goals, strategies, future events or
performance, and underlying assumptions and other statements, which are
other than statements of historical facts. The forward-looking statements
in this release are based upon various assumptions, many of which are
based, in turn, upon further assumptions, including without limitation,
Management's examination of historical operating trends, data contained in
our records and other data available from third parties. Although TORM
believes that these assumptions were reasonable when made, because these
assumptions are inherently subject to significant uncertainties and
contingencies which are difficult or impossible to predict and are beyond
our control, TORM cannot assure you that it will achieve or accomplish
these expectations, beliefs or projections.
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Important
factors that, in our view, could cause actual results to differ materially
from those discussed in the forward looking statements include the
strength of world economies and currencies, changes in charter hire rates
and vessel values, changes in demand for "tonne miles" of oil carried by
oil tankers, the effect of changes in OPEC's petroleum production levels
and worldwide oil consumption and storage, changes in demand that may
affect attitudes of time charterers to scheduled and unscheduled
dry-docking, changes in TORM's operating expenses, including bunker
prices, dry-docking and insurance costs, changes in governmental rules and
regulations including requirements for double hull tankers or actions
taken by regulatory authorities, potential liability from pending or
future litigation, domestic and international political conditions,
potential disruption of shipping routes due to accidents and political
events or acts by terrorists. Risks and uncertainties are further
described in reports filed by TORM with the US Securities and Exchange
Commission, including the TORM Annual Report on Form 20-F and its reports
on Form 6-K.
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Forward
looking statements are based on management's current evaluation, and TORM
is only under obligation to update and change the listed expectations to
the extent required by law.
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ANNOUNCEMENT
NO. 2 – 2010
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1 MARCH
2010
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TORM A/S –
MIKAEL SKOV STEPS DOWN FROM THE POSITION AS CEO IN TORM
A/S
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1/1
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