-----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, MUad2555POi9dKX90yGIq1fSYNRbkv5zbmtq7mJ6gIU4cPCYGZIpq1AVxwzfRSrI yT/oetHhXmHi7JoPcKuSDg== 0001181431-07-044771.txt : 20070706 0001181431-07-044771.hdr.sgml : 20070706 20070706152516 ACCESSION NUMBER: 0001181431-07-044771 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070629 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070706 DATE AS OF CHANGE: 20070706 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: 07967381 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 rrd165336.htm JUNE 29, 2007 FORM 8-K 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):  06/29/2007
 
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 July 6, 2007, Servotronics, Inc. (the "Company"), acting under the authority of the Company's Board of Directors, executed an amendment to the employment agreement with Nicholas D. Trbovich, Jr., Executive Vice President and a Director of the Company. The amendment set the annual base salary (effective as of May 1, 2007) for Mr. Trbovich, Jr. at $250,000 or such greater amount as the Company's Board of Directors may determine. The amendment also extended the term of his employment agreement for an additional year until July 1, 2012.

The foregoing summary description of the amendment to the employment agreement does not purport to be complete and is qualified in its entirety by reference to the employment agreement, as amended. A copy of the amendment to the employment agreement is filed as exhibit 10(A)(5) and is incorporated herein by reference.

 
 
Item 5.02.    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
 
On June 29, 2007, the Board of Directors approved an annual salary for Cari L. Jaroslawsky, Chief Financial Officer of the Company, equal to $135,000 effective as of May 1, 2007.

See Item 1.01 for regarding the amendment to the employment agreement for Nicholas D. Trbovich, Jr., Executive Vice President and a Director of the Company.

 
 
Item 9.01.    Financial Statements and Exhibits
 
(d)        Exhibits

The following is filed as an exhibit to this Current Report on Form 8-K:

10(A)(5)        Amendment to employment agreement for Nicholas D. Trbovich, Jr., Executive 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: July 06, 2007
     
By:
 
/s/    Nicholas D. Trbovich
               
Nicholas D. Trbovich
               
Chief Executive Officer
 
 

 

Exhibit Index
 
Exhibit No.
  
Description
EX-10.(A)(5)
  
Amendment to employment agreement for Nicholas D. Trbovich, Jr., Executive Vice President
EX-10.(A)(5) 2 rrd165336_20824.htm AMENDMENT TO EMPLOYMENT AGREEMENT FOR NICHOLAS D. TRBOVICH, JR., EXECUTIVE VICE PRESIDENT As of May 1, 1996

 

 

 

 

 

July 6, 2007

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 pursuant to which you are employed by the Company. This letter confirms such Amended Employment Agreement and subsequent ratification and subsequent Amendments dated August 4, 2006 (the "Amended Agreement").

This letter will also confirm your agreement and that of the Company (pursuant to resolutions of the Board of Directors passed at a meeting held on June 29, 2007) to (i) amend Paragraph 1 of the Amended Agreement to delete "July 1, 2011" and insert in its place "July 1, 2012" and (ii) amend Paragraph 3 of the Amended Agreement to delete "$188,820" and insert in its place "$250,000" (to be effective May 1, 2007) 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, 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.

7/6/07
Date

-----END PRIVACY-ENHANCED MESSAGE-----