Current Report Filing (8-k)
April 05 2013 - 4:58PM
Edgar (US Regulatory)
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
Date of Report (Date of earliest event
reported): April 2, 2013
TRANS1 INC.
(Exact name of registrant as specified in
its charter)
Delaware |
|
001-33744 |
|
33-0909022 |
(State or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(IRS Employer
Identification No.) |
110 Horizon Drive, Suite 230
Raleigh, North Carolina 27615
(Address of principal executive offices)
(Zip Code)
(866) 256-1206
(Registrant’s telephone number, including
area code)
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:
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)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240. 13e-4(c))
| Item 5.02 | Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On April 2, 2013, Dwayne Montgomery, Vice
President of Commercial Operations of TranS1 Inc. (the “Company”), resigned from his position with the Company, effective
as of May 1, 2013, in order to pursue other business opportunities.
In connection with his resignation, the
Company proposed a General Release and Severance Agreement (the “Agreement”), which was approved by the Compensation
Committee of the Company’s Board of Directors and delivered to Mr. Montgomery on April 2, 2013. The terms of the proposed
Agreement provide that Mr. Montgomery may not execute and deliver the Agreement until May 1, 2013.
Under the proposed Agreement, Mr. Montgomery
is entitled to receive severance in the aggregate amount of $170,186, payable in equal installment payments in accordance with
the Company’s payroll schedule in exchange for a standard release of claims. The compensatory arrangements afforded under
the proposed Agreement are in lieu of any other compensation or benefits to which Mr. Montgomery otherwise might be entitled, including
without limitation under his Employment Severance Agreement. The proposed Agreement also contains such confidentiality and non-disparagement
provisions and other terms and conditions as are usual and customary for agreements of this type. All of Mr. Montgomery’s
obligations under previously executed agreements and Company policies regarding confidentiality, nondisclosure, non-competition,
non-solicitation, intellectual property, and related matters will continue.
SIGNATURE
Pursuant to the requirements of the Securities
and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
|
TRANS1 INC. |
|
|
|
|
Date: April 5, 2013 |
By: |
/s/ Ken Reali |
|
|
Ken Reali |
|
|
President and Chief Executive Officer |
Baxano Surgical, Inc. (MM) (NASDAQ:TSON)
Historical Stock Chart
From May 2024 to Jun 2024
Baxano Surgical, Inc. (MM) (NASDAQ:TSON)
Historical Stock Chart
From Jun 2023 to Jun 2024