-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JNZ3TyHNJInaWxF2joyEoObbQ+wlr1ojniBZZqq9Aps5Me7veS08qvO7IrARRsws GzwzxGYa55ihvyv1S0nAvA== 0001181431-06-046481.txt : 20060809 0001181431-06-046481.hdr.sgml : 20060809 20060809105603 ACCESSION NUMBER: 0001181431-06-046481 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20060804 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060809 DATE AS OF CHANGE: 20060809 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SERVOTRONICS INC /DE/ CENTRAL INDEX KEY: 0000089140 STANDARD INDUSTRIAL CLASSIFICATION: CUTLERY, HANDTOOLS & GENERAL HARDWARE [3420] IRS NUMBER: 160837866 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07109 FILM NUMBER: 061015673 BUSINESS ADDRESS: STREET 1: 1110 MAPLE ST CITY: ELMA STATE: NY ZIP: 14059 BUSINESS PHONE: 7166335990 MAIL ADDRESS: STREET 1: P O BOX 300 STREET 2: ELMA STATE: NY ZIP: 14059-0300 8-K 1 rrd126852.htm EMPLOYMENT AGREEMENT AMENDMENTS Prepared By R.R. Donnelley Financial -- 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):  08/04/2006
 
Servotronics, Inc.
(Exact name of registrant as specified in its charter)
 
Commission File Number:  001-07109
 
Delaware
  
16-0837866
(State or other jurisdiction of
  
(IRS Employer
incorporation)
  
Identification No.)
 
1110 Maple Street
Elma, New York 14059
(Address of principal executive offices, including zip code)
 
(716) 655-5990
(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))
 

Information to be included in the report

 
Item 1.01.    Entry into a Material Definitive Agreement
 
On August 4, 2006, Servotronics, Inc. (the "Company"), acting under the authority of the Company's Board of Directors, executed amendments to the employment agreements with each of Dr. Nicholas D. Trbovich, its Chairman, President and Chief Executive Officer and Nicholas D. Trbovich, Jr., its Vice President and a Director. The amendments, which became effective as of May 1, 2006, set the annual base salary for Dr. Trbovich and Mr. Trbovich, Jr. at $412,300 and $188,820 respectively, or such greater amount as the Company's Board of Directors may determine. A separate executed amendment for Nicholas D. Trbovich, Jr.'s employment agreement extended the term of his employment agreement for an additional year until July 1, 2011.

The foregoing summary description of the amendments to the employment agreements does not purport to be complete and is qualified in its entirety by reference to the employment agreements, as amended. A copy of the amendments to the employment agreements are filed as exhibits 10(A)(2 ), 10(A)(5) and 10(A)(6) are incorporated herein by reference.

 
 
Item 9.01.    Financial Statements and Exhibits
 
The following are filed as exhibits to this Current Report on Form 8-K:

10(A)(2)        Amendment to employment contract for Dr. Nicholas D. Trbovich, Chief Executive Officer

10(A)(5)        Amendment to employment contract for Nicholas D. Trbovich, Jr., Vice President
10(A)(6)        Amendment to employment contract for Nicholas D. Trbovich, Jr., Vice President
 

 

Signature(s)
 
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.
 
     
 
Servotronics, Inc.
 
 
Date: August 09, 2006
     
By:
 
/s/    Cari L. Jaroslawsky

               
Cari L. Jaroslawsky
               
Chief Financial Officer
 
 


 

Exhibit Index
 
Exhibit No.

  
Description

EX-10.(A)(2)
  
Amendment to employment contract for Dr. Nicholas D. Trbovich, Chief Executive Officer
EX-10.(A)(5)
  
Amendment to employment contract for Nicholas D. Trbovich, Jr., Vice President
EX-10.(A)(6)
  
Amendment to employment contract for Nicholas D. Trbovich, Jr., Vice President
EX-10.(A)(2) 2 rrd126852_15415.htm AMENDMENT TO EMPLOYMENT CONTRACT FOR DR. NICHOLAS D. TRBOVICH, CHIEF EXECUTIVE OFFICER As of May 1, 1996

Exhibit 10(A)(2)

[Servotronics, Inc. Letterhead]

 

 

August 4, 2006

Dr. Nicholas D. Trbovich (Nicholas D. Trbovich, Sr.)
28 Tanglewood Drive, West
Orchard Park, NY 14127

Dear Dr. Nicholas D. Trbovich (Nicholas D. Trbovich, Sr.):

You and Servotronics, Inc. (the "Company") are parties to an Employment Agreement, dated July 1, 2005 and ratified on June 30, 2006 (the "Agreement") pursuant to which you are employed by the Company. This letter confirms such "Agreement" and subsequent ratification.

This letter will also confirm your agreement and that of the Company (pursuant to a resolution of the Board of Directors passed at a meeting held on June 30, 2006) to amend Paragraph 3 of the Agreement to delete "$397,400" and insert in its place "$412,300" (to be effective May 1, 2006) subject to your acceptance which will be indicated by your signature below.

If the foregoing meets with your approval and you are willing to become bound hereby, will you please sign and return to the undersigned the enclosed copy of this letter.

Very truly yours,

SERVOTRONICS, INC.

/s/ Michael D. Trbovich

Michael D. Trbovich,
Corporate Secretary

 

ACCEPTED AND AGREED

/s/ Dr. Nicholas D. Trbovich
Dr. Nicholas D. Trbovich
(Nicholas D. Trbovich, Sr.)

August 4, 2006
Date

EX-10.(A)(5) 3 rrd126852_15416.htm AMENDMENT TO EMPLOYMENT CONTRACT FOR NICHOLAS D. TRBOVICH, JR., VICE PRESIDENT As of May 1, 1996

Exhibit 10(A)(5)

[Servotronics, Inc. Letterhead]

 

 

August 4, 2006

Nicholas D. Trbovich, Jr.
28 Tanglewood Drive, West
Orchard Park, NY 14127

Dear Mr. Nicholas D. Trbovich, Jr.:

You and Servotronics, Inc. (the "Company") are parties to an Amended Employment Agreement, dated July 1, 2005 and ratified on June 30, 2006 (the Amended "Agreement") pursuant to which you are employed by the Company. This letter confirms such Amended "Agreement" and subsequent ratification.

This letter will also confirm your agreement and that of the Company (pursuant to a resolution of the Board of Directors passed at a meeting held on June 30, 2006) to amend Paragraph 3 of the Amended Agreement to delete "$182,000" and insert in its place "$188,820" (to be effective May 1, 2006) subject to your acceptance which will be indicated by your signature below.

If the foregoing meets with your approval and you are willing to become bound hereby, will you please sign and return to the undersigned the enclosed copy of this letter.

Very truly yours,

SERVOTRONICS, INC.

/s/ Michael D. Trbovich

Michael D. Trbovich,
Corporate Secretary

 

ACCEPTED AND AGREED

/s/ Nicholas D. Trbovich, Jr.
Nicholas D. Trbovich, Jr.

August 4, 2006
Date

EX-10.(A)(6) 4 rrd126852_15417.htm AMENDMENT TO EMPLOYMENT CONTRACT FOR NICHOLAS D. TRBOVICH, JR., VICE PRESIDENT July 11, 1996

Exhibit 10(A)(6)

[Servotronics, Inc. Letterhead]

 

 

August 4, 2006

Nicholas D. Trbovich, Jr.
28 Tanglewood Drive, West
Orchard Park, NY 14127

Dear Mr. Nicholas D. Trbovich, Jr.:

You and Servotronics, Inc. (the "Company") are parties to an Amended Employment Agreement, dated July 1, 2005 and ratified on June 30, 2006 (the Amended "Agreement") pursuant to which you are employed by the Company. This letter confirms such Amended "Agreement" and subsequent ratification.

This letter will also confirm your agreement and that of the Company (pursuant to a resolution of the Board of Directors passed at a meeting held on June 30, 2006) to amend Paragraph 1 of the Amended Agreement to delete "July 1, 2010" and insert in its place "July 1, 2011" subject to your acceptance which will be indicated by your signature below.

If the foregoing meets with your approval and you are willing to become bound hereby, will you please sign and return to the undersigned the enclosed copy of this letter.

Very truly yours,

SERVOTRONICS, INC.

/s/ Michael D. Trbovich

Michael D. Trbovich,
Corporate Secretary

 

ACCEPTED AND AGREED

/s/ Nicholas D. Trbovich, Jr.
Nicholas D. Trbovich, Jr.

August 4, 2006
Date

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