0001260415-11-000036.txt : 20111006 0001260415-11-000036.hdr.sgml : 20111006 20111006102304 ACCESSION NUMBER: 0001260415-11-000036 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20111003 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20111006 DATE AS OF CHANGE: 20111006 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DYNASIL CORP OF AMERICA CENTRAL INDEX KEY: 0000030831 STANDARD INDUSTRIAL CLASSIFICATION: GLASS, GLASSWARE, PRESSED OR BLOWN [3220] IRS NUMBER: 221734088 STATE OF INCORPORATION: NJ FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35011 FILM NUMBER: 111128447 BUSINESS ADDRESS: STREET 1: 385 COOPER RD CITY: WEST BERLIN STATE: NJ ZIP: 08091 BUSINESS PHONE: 8567674600 MAIL ADDRESS: STREET 1: 385 COOPER RD CITY: WEST BERLIN STATE: NJ ZIP: 08091 8-K 1 dysl8k100311.txt DYNASIL CORPORATION OF AMERICA FORM 8-K 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): October 3, 2011 ------------------ Dynasil Corporation of America ------------------------------------------------------------ (Exact name of registrant as specified in its charter) Delaware 000-27503 22-1734088 ----------- ----------- ---------- (State or other (Commission File Number) (IRS Employer jurisdiction of Identification No.) incorporation) 44 Hunt Street, Watertown, MA 02472 ------------------------------------------------------------ (Address of principal executive offices) (617)- 668-6855 ------------------------------------------------------------ (Registrant's telephone number, including area code) Not Applicable ______________________________________________ (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. On October 3, 2011, Dynasil Corporation of America issued a news release announcing the promotion of Kanai S. Shah, Ph.D., 50, Vice President of Research of the Company's RMD Research subsidiary (RMD) to President of RMD effective January 1, 2012. RMD's current President, Gerald Entine, Ph.D., 68, will transition from his role as President of RMD in January to the role of President Emeritus of RMD and will continue as a member of Dynasil's board of directors. Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit 99.1 Press release, dated October 3, 2011, issued by Dynasil Corporation of America 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. DYNASIL CORPORATION OF AMERICA Date: October 5, 2011 By: /s/ Steven K. Ruggieri Name: Steven K. Ruggieri Title: President EXHIBIT INDEX Exhibit 99.1 Press release, dated October 3, 2011, issued by Dynasil Corporation of America. EX-99 2 dysl8kex99-100311.txt PRESS RELEASE [Logo] Dynasil Contacts: Patty Kehe Dynasil Corporation of America Phone: 617.668.6855 Email: pkehe@dynasilcorp.com David Calusdian Executive Vice President and Partner Sharon Merrill 617.542.5300 DYSL@InvestorRelations.com Dynasil Announces Promotion of Dr. Kanai S. Shah to Lead RMD, Inc. Subsidiary Starting in January, 2012 Watertown, Mass., October 3, 2011 - Dynasil Corporation of America (NASDAQ: DYSL) and Gerald Entine, Ph.D., Founder and President of the Company's wholly owned subsidiary, Radiation Monitoring Devices, Inc. (RMD), announced the promotion of Kanai S. Shah, Ph.D., RMD's Vice President of Research and the leader of the Material Science Group, to President of RMD, Inc. effective January 1, 2012. Dr. Entine, 68, will continue as a member of Dynasil's board of directors and beginning in January will assume the role of President Emeritus of RMD. Stated Dr. Entine, "What could be more rewarding than watching your long-time friend and collaborator take over the institution you created. I am most pleased that Kanai has accepted this challenge and look forward to watching RMD continue to prosper under his leadership." Dr. Shah, 50, joined RMD in 1985 as a Staff Scientist. Initially he was involved in a program aimed at stabilizing low energy X-ray detectors for NASA, and then managed a variety of research projects focused on semiconductor and scintillator detectors. He worked briefly for Canberra Industries in the early 1990s, investigating high-purity germanium gamma-ray detectors and high resolution, low noise silicon X-ray detectors. He rejoined RMD as a Senior Scientist in 1993, advancing to Director of Research in 2002 and Vice President of Research in 2009. He has been responsible for new semiconductor and scintillator development at RMD for more than 10 years and is widely regarded as a leading expert in this field. Dr. Shah received a bachelor's degree in Chemical Engineering from India's Gujarat University in 1983, a master's degree in Chemical Engineering from the University of Lowell (now the University of Massachusetts Lowell) in 1987 and a Ph.D. in Applied Physics from the Delft University of Technology in 2010. His doctoral research focused on investigation of new scintillator and photodetection technologies for use in medical imaging, particularly positron emission tomography. Dr. Shah has been awarded five U.S. patents and has authored more than 80 technical papers. In 2007, he received a performance award from the Department of Homeland Security's Domestic Nuclear Detection Office. "Kanai combines the scientific knowledge and customer engagement and management skills that will be essential in developing new technologies, commercializing new products and expanding our business development initiatives to additional government agencies and institutions. There is simply no one better or more qualified to lead RMD into the future," said Dynasil President Steven Ruggieri. "Since founding RMD in 1974, Dr. Entine has guided the business to operational success through a commitment to developing innovative products and technologies for specialized applications, including radiation detection and nuclear instrumentation," said Dynasil Chairman Peter Sulick. "In the three years since RMD became the Research Division of Dynasil, under his leadership, the division's annual revenues and profits have increased significantly, it has transferred a new neutron detector technology to the recently acquired Hilger Crystal division, it has earned the 2011 Department of Homeland Security Small Business Achievement Award and it has been issued thirteen new patents. His role as President Emeritus will afford him an opportunity to enjoy some well- deserved time off while still assisting in selected scientific projects. Additionally, Dr. Entine will continue as a director of Dynasil Corporation of America." About Dynasil Dynasil Corporation of America (NASDAQ: DYSL) develops and manufactures detection and analysis technology, precision instruments and optical components for the homeland security, industrial and biomedical markets. Combining world-class technology with expertise in research and materials science, Dynasil is commercializing products including dual-mode radiation detection solutions for Homeland Security and commercial applications, probes for medical imaging and sensors for non-destructive testing. Through its Dynasil Biomedical unit, the Company is developing early stage opportunities for the biomedical technology area. Dynasil has an impressive and growing portfolio of issued and pending U.S. patents. The Company is based in Watertown, Massachusetts, with additional operations in Mass., Minn., NY, NJ and the United Kingdom. More information about the Company is available at www.dynasilcorp.com. Safe Harbor This news release may contain forward-looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act. These statements involve a number of risks and uncertainties. Future results of operations, projections, and expectations, which may relate to this release, involve certain risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, the factors detailed in the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, as well as in the Company's other Securities and Exchange Commission filings.