Current Report Filing (8-k)
January 14 2015 - 4:01PM
Edgar (US Regulatory)
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported):
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January 13, 2015
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AROTECH CORPORATION
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(Exact name of registrant as specified in its charter)
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Delaware
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0-23336
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95-4302784
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(State or other jurisdiction
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(Commission
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(IRS Employer
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of incorporation)
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File Number)
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Identification No.)
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1229 Oak Valley Drive, Ann Arbor, Michigan
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48108
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s telephone number, including area code:
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(800) 281-0356
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(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 (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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o
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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o
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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SEC 873 (01/12)
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Potential persons who are to respond to the collection of
information contained in this form are not required to respond
unless the form displays a currently valid OMB control number.
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) On January 13, 2013, we amended our employment agreement with Thomas J. Paup, our Senior Vice President – Finance and CFO, to (i) raise his salary to $250,000 per year, (ii) harmonize his bonus calculation terms with those of our other senior executives, (iii) provide him with additional annual vacation days, and (iv) extend the term of his agreement through March 31, 2017. A copy of the letter agreement effecting these amendments is filed herewith as Exhibit 10.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
As described above, the following Exhibits are furnished as part of this Current Report on Form 8-K:
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Exhibit
Number
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Description
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10.1
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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.
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AROTECH CORPORATION
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(Registrant)
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/s/ Steven Esses
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Name:
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Steven Esses
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Title:
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President and CEO
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Dated: January 14, 2015
Exhibit 10.1
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Arotech Corporation
1229 Oak Valley Drive
Ann Arbor, Michigan 48108
Tel: (734) 761-5836 Fax: (734) 761-5368
http://www.arotech.com
Nasdaq Global Market: ARTX
Writer’s direct dial: +972-2-990-6618
Writer’s direct fax: +972-2-990-6688
Writer’s e-mail: esses@arotech.com
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Steven Esses
President and Chief Executive Officer
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January 13, 2015
Mr. Thomas J. Paup
c/o Arotech Corporation
1229 Oak Valley Road
Ann Arbor, Michigan 48108
Re: Third Amended and Restated Employment Agreement
Dear Tom:
In connection with your Third Amended and Restated Employment Agreement with Arotech Corporation effective as of May 1, 2013 (the “Agreement”), we wish to amend the Agreement in certain respects. All capitalized terms used and not otherwise defined herein shall have the meanings ascribed to such terms in the Agreement.
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1.
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Notwithstanding the terms of Section 2(a) of the Agreement, your annual base salary will be adjusted to $250,000 retroactive to January 1, 2015.
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2.
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In Section 2(b) of the Agreement, the number “110” shall be substituted for the number “120” wherever it appears.
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3.
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Notwithstanding the terms of Section 2(c) of the Agreement, you will be entitled to a paid annual vacation of forty (40) business days with respect to, and during, each twelve (12) month period of your employment, retroactive to January 1, 2014; the unused portion of any such vacation, in respect of any year, shall be redeemed by the Company for cash.
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4.
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Notwithstanding the terms of Section 5 of the Agreement, the termination date of the agreement is extended to March 31, 2017.
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In all other respects, the terms of the Agreement will govern the relationship between us.
If the foregoing is acceptable to you, kindly sign this letter in the space provided for your signature below, whereupon this letter will become a binding amendment to the Agreement.
Sincerely yours,
AROTECH CORPORATION
By: /s/ Steven Esses
Steven Esses
President and Chief Executive Officer
ACCEPTED AND AGREED:
/s/ Thomas J. Paup
Thomas J. Paup
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