form8k010709.htm
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): December 31, 2008
PDI,
INC.
(Exact
name of Registrant as specified in its charter)
DELAWARE
|
0-24249
|
22-2919486
|
(State
or other jurisdiction of incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
Saddle
River Executive Centre
1 Route
17 South,
Saddle
River, NJ 07458
(Address
of principal executive offices and zip Code)
(201)
258-8450
Registrant's
telephone number, including area code:
(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 of 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 5.02. Departure of Directors or
Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers
PDI, Inc.
(the “Company”) entered into an amendment and restatement of its existing
employment separation agreement with Jeffrey Smith, the Company’s Executive Vice
President, Chief Financial Officer and Treasurer, effective as of December 31,
2008 (the “Amended Separation Agreement), in order to conform his employment
separation agreement to the requirements Section 409A of the Internal Revenue
Code of 1986, as amended (“Section 409A”). The Amended Separation
Agreement, among other Section 409A related changes, provides for the deferral
of certain payments to the extent necessary to comply with the requirements of
Section 409A.
A copy of
the Amended Separation Agreement is attached hereto as Exhibit 10.1 and is
incorporated herein by reference. The foregoing description of the
Amended Separation Agreement is qualified in its entirety by reference to the
full text of the agreement.
Item
9.01 Financial Statements and Exhibits.
(c) Exhibits
10.1 Amended
and Restated Employment Separation Agreement with Jeffrey Smith
*
* * * * * *
SIGNATURE
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.
PDI, INC.
By: /s/ Nancy Lurker
------------------------------------
Nancy Lurker
Chief
Executive Officer
Date:
January 7, 2009
EXHIBIT
INDEX
Exhibit
No. Description
___________ ____________
10.1
|
Amended
and Restated Employment Separation Agreement with Jeffrey
Smith
|
EXHIBIT
10.1