Conversion Services International Inc - Current report filing (8-K)
07 12월 2007 - 6:03AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or Section 15(d) of the Securities Exchange Act of
1934
Date
of Report (Date of earliest event reported)
|
December
6, 2007 (December 3, 2007)
|
|
Conversion
Services International, Inc.
|
|
|
(Exact
name of registrant as specified in its charter)
|
|
Delaware
|
|
0-32623
|
|
20-0101495
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(State
or other jurisdiction
of
incorporation)
|
|
(Commission
File
Number)
|
|
(IRS
Employer
Identification
No.)
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100
Eagle Rock Avenue
East
Hanover, New Jersey
|
|
07936
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(Address
of principal executive offices)
|
|
(Zip
Code)
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Registrant’s
telephone number, including area code:
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(973)
560-9400
|
|
(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 to 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))
|
Item
1.01 and 5.02
Entry
into a Material Definitive Agreement; Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers;
Compensatory
Arrangements
of Certain Officers
On
December 3, 2007, Conversion Services International, Inc. (the “Company”)
entered into an employment agreement (the “Agreement”) with William Hendry, the
Company’s Vice President and Chief Financial Officer. The Agreement was approved
by the Compensation Committee of the Company’s Board of Directors and
subsequently ratified by the full Board of Directors.
The
Agreement is effective as of October 15, 2007, and has a term of three years.
Either the Company or Mr. Hendry may terminate the Agreement provided that
the
terminating party provides 30-day written notice. Under the terms the Agreement,
Mr. Hendry will receive a base salary of $200,000 per year and an annual bonus,
to be determined by the Company’s Board of Directors. Mr. Hendry will also be
entitled to participate in any bonus plan, incentive compensation program or
incentive stock option plan or other employee benefits of the Company and which
are available to the five highest paid executives of the Company, on the same
terms and at the same level of participation as the five highest paid executives
of the Company.
In
the
event Mr. Hendry is terminated for Good Cause, as defined in the Agreement,
Mr.
Hendry shall be paid salary earned and expenses reimbursable through the
termination date, and receive health benefits for twelve months thereafter.
In
the event Mr. Hendry is terminated without Good Cause, as defined in the
Agreement, Mr. Hendry shall be paid a severance (“Severance Pay”) equal to his
salary and the cost of any company sponsored insurance policy for twelve months.
If Mr. Hendry is terminated without Good Cause as a result of a change in
control of the Company, as defined in the Agreement, then in addition to the
Severance Pay and the cost of any company sponsored insurance policy for twelve
months, all unvested stock options and/or restricted shares owned by Mr. Hendry
shall vest immediately.
Item
9.01. Exhibits
Description
of Document
99.1
|
Employment
Agreement by and between the Conversion Services International,
Inc. and
William Hendry, entered into on December 3,
2007.
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
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December
5, 2007
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CONVERSION
SERVICES INTERNATIONAL, INC.
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By:
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/s/
Scott Newman
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Name:
Scott Newman
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Title:
President and Chief Executive
Officer
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Conversion Services (AMEX:CVN)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Conversion Services (AMEX:CVN)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024
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