UNITED STATES
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
Date of Report (Date of earliest event reported):
March 12, 2007
HARRIS & HARRIS GROUP, INC.
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(Exact name of registrant as specified in its charter)
New York 0-11576 13-3119827
(State or other jurisdiction (Commission File (I.R.S. Employer
of incorporation) Number) Identification No.)
111 West 57th Street
New York, New York 10019
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(Address of principal executive offices and zip code)
Registrant's telephone number, including area code: (212) 582-0900
Item 5.02 Election of Directors
Election of New Board Member
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On March 12, the Company's Board of Directors, upon
recommendation by its Nominating Committee, elected Mr.
Richard P. Shanley to serve as a Director of the Company,
effective March 12, 2007, until the 2007 Annual Meeting of
Shareholders. In connection with the election of Mr.
Shanley, the Board increased the number of directors from
11 to 12, with Mr. Shanley filling the vacancy created
thereby. Mr. Shanley was also named to the Audit
Committee, Valuation Committee and Independent Directors'
Committee. There is no arrangement or understanding
between Mr. Shanley and any other person pursuant to which
Mr. Shanley was selected as a director of the Company. Mr.
Shanley does not have any direct or indirect material
interest in any existing or proposed transaction to which
the Company is or may become a party.
From February 2001 to December 31, 2006, Mr. Shanley, age
59, was a partner of Deloitte & Touche LLP. From March 1976
to January 2001, he was a Partner ofhe was employed by
Eisner LLP and was a partner from 1982 until 2001.
During his over 30 years of public accounting experience,
he served as lead audit partner on numerous audit
engagements for both public and private companies,
including those requiring application of Sarbanes-Oxley
Section 404, as well as public stock offerings, primarily
for biotech, pharmaceutical and high-tech companies,
including companies enabled by nanotechnology. He has been
actively involved on the Biotech Council of New Jersey, the
New Jersey Technology Council, the New York Biotechnology
Association, the Connecticut Venture Group, the
Biotechnology Industry Organization and the NanoBusiness
Alliance. He is an active member of the New York State
Society of Certified Public Accountants and the American
Institute of Certified Public Accountants. He is currently
serving his third term on the New York State Society of
CPA's Professional Ethics Committee. He is a licensed
Certified Public Accountant in New Jersey and New York. He
was graduated from Fordham University (B.S.) and Long
Island University (M.B.A. in Accounting).
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Item 9. Financial Statements and Exhibits
(a) Not applicable.
(b) Not applicable.
(c) Exhibits.
Exhibit No. Description
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99 Press Release, dated March 13, 2007
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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: March 13, 2007 HARRIS & HARRIS GROUP, INC.
By: /s/ Charles E. Harris
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Charles E. Harris
Chief Executive Officer
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EXHIBIT INDEX
Exhibit No. Description
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99 Press Release, dated March 13, 2007
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