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): May 23, 2016

DYNATRONICS CORPORATION

(Exact name of registrant as specified in its charter)

Utah	0-12697	87-0398434
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification Number)
7030 Park Centre Dr., Salt Lake City, Utah		84121
(Address of principal executive offices)		(Zip Code)

Registrant's telephone number, including area code: (801) 568-7000

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 May 23, 2016, Dynatronics Corporation (the "Company") terminated the employment of Larry K. Beardall, Executive Vice President of Marketing and Strategic Planning, effective June 3, 2016.  In accordance with the terms of Mr. Beardall's amended and restated employment agreement with the Company (the "Employment Agreement"), Mr. Beardall also resigned as a member of the Company's board of directors, effective immediately.  Mr. Beardall's separation from the Company will be treated as a termination without cause for purposes of his Employment Agreement.

The Company and Mr. Beardall will enter into a Separation and Release Agreement (the "Separation Agreement"), the form of which is included as an exhibit to the Employment Agreement, confirming that Mr. Beardall will receive certain payments and benefits, in all material respects as described in the Company's Current Report on Form 8-K, filed previously with the Securities and Exchange Commission on May 4, 2015, and in his Employment Agreement furnished as an exhibit with the Company's Quarterly Report on Form 10-Q on November 13, 2015.

Item 8.01 Other Events.

On May 23, 2016, the Company issued a press release announcing changes to the Company's sales management leadership.  A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.

Item 9.01  Financial Statements and Exhibits.

(d)  Exhibits

Exhibit 99.1 Press Release, dated May 23, 2016

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.

DYNATRONICS CORPORATION

By:  /s/ Kelvyn H. Cullimore, Jr.

Kelvyn H. Cullimore, Jr.

Chairman and President

Date:  May 25, 2016

EX-99.1

Exhibit 99.1

NEWS RELEASE

Dynatronics Announces Transition in Executive Management

COTTONWOOD HEIGHTS, UT (May 23, 2016) - Dynatronics Corporation (NASDAQ: DYNT), a manufacturer and marketer of rehabilitation and physical therapy products, today announced changes in senior management at the Company.  Larry K. Beardall, Executive Vice-President of Marketing and Strategic Planning, will be leaving the Company's management team effective June 3, 2016. Mr. Beardall will also cease to serve as a member of the Board of Directors.

"We would like to express our appreciation to Larry Beardall for his many contributions to the success of Dynatronics during his three decades of employment and leadership with the Company," said Kelvyn Cullimore Jr., Dynatronics' Chairman and Chief Executive Officer. "Larry joined the company when we had little or no revenues and has helped guide the Company to over $30,000,000 in revenue at its peak."

Mr. Beardall first joined Dynatronics in 1986 as Vice-President of Sales and Marketing.  In addition to his sales and marketing duties, he helped pioneer some of the first products Dynatronics patented and marketed and has since helped conceptualize many product innovations. Mr. Beardall served as a member of the Dynatronics Board of Directors since 1986.

 "Over the last year, Dynatronics has been mapping out new strategic directions," added Cullimore.   "This change is consistent with implementing those strategic plans.  We are grateful to Mr. Beardall for his role in helping drive these strategic changes."

About Dynatronics

Dynatronics manufactures, markets and distributes advanced-technology medical devices, orthopedic soft goods and supplies, treatment tables and rehabilitation equipment for the physical therapy, sports medicine, chiropractic, podiatry and other related medical markets. More information regarding Dynatronics is available at www.dynatronics.com.

Contacts

Dynatronics Corporation

Bob Cardon

800-874-6251 or 801-568-7000

bobc@dynatronics.com