0001260415-11-000040.txt : 20111129
0001260415-11-000040.hdr.sgml : 20111129
20111129143634
ACCESSION NUMBER: 0001260415-11-000040
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20111129
ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
FILED AS OF DATE: 20111129
DATE AS OF CHANGE: 20111129
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: 111230805
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
dysl8k112911entine.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): November 22, 2011
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Dynasil Corporation of America
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(Exact name of registrant as specified in its charter)
Delaware 000-27503 22-1734088
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(State or other (Commission File Number) (IRS Employer
jurisdiction Identification No.)
of incorporation)
44 Hunt Street, Watertown, MA 02472
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(Address of principal executive offices)
(617)-668-6855
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(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.
With respect to Dr. Gerald Entine's previously announced retirement as
President of Dynasil's RMD Research subsidiary, on November 22, 2011
Dynasil and Dr. Entine entered into a separation agreement pursuant to
which Dr. Entine's employment with Dynasil will terminate effective
November 30, 2011. In exchange for severance pay equal to Dr. Entine's
current annual base salary of $325,000 and the continuation of health
and dental benefits for one year, Dr. Entine has agreed to certain non-
compete and non-solicitation covenants expiring on December 31, 2012 and
a standstill agreement expiring on September 30, 2012. In addition, Dr.
Entine has agreed to cause his real estate company, which serves as
Dynasil's landlord with respect to its offices in Watertown,
Massachusetts, to contribute $52,000 in cash and $75,000 in rental
credits to Dynasil for certain lease improvements. Dr. Entine will
remain a director of the Company until the completion of his current
term at the Annual Meeting of Stockholders in February of 2012, at which
time Dr. Entine will retire from the Board of Directors.
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: November 29, 2011 By: /s/ Steven K. Ruggieri
Name: Steven K. Ruggieri
Title: CEO and President