-----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, AvYVS0yecPJ1XZ6XW+VixVPursCAFsNMIE/TIr6z0o5/8Z9JPbHQEaSSoxvGV/x+ fKDHnKS5jHqDqO0UjfEuMw== 0000893816-06-000078.txt : 20061222 0000893816-06-000078.hdr.sgml : 20061222 20061222165427 ACCESSION NUMBER: 0000893816-06-000078 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20061222 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: 20061222 DATE AS OF CHANGE: 20061222 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INFOCROSSING INC CENTRAL INDEX KEY: 0000893816 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374] IRS NUMBER: 133252333 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20824 FILM NUMBER: 061297605 BUSINESS ADDRESS: STREET 1: 2 CHRISTIE HEIGHTS STREET CITY: LEONIA STATE: NJ ZIP: 07605 BUSINESS PHONE: 2018404700 MAIL ADDRESS: STREET 1: 2 CHRISTIE HEIGHTS STREET CITY: LEONIA STATE: NJ ZIP: 07605 FORMER COMPANY: FORMER CONFORMED NAME: COMPUTER OUTSOURCING SERVICES INC DATE OF NAME CHANGE: 19930328 8-K 1 k8_rwext.txt AMEND R. WALLACH EMPLOYMENT AGREEMENT ================================================================================ 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) December 22, 2006 INFOCROSSING, INC. (Exact name of registrant as specified in its charter) DELAWARE 0-20824 13-3252333 (State or other jurisdiction (Commission (IRS Employer Of incorporation) File Number) Identification No.) 2 CHRISTIE HEIGHTS STREET LEONIA, NEW JERSEY 07605 (Address of principal executive offices) (Zip Code) (201) 840-4700 (Registrant's telephone number, including area code.) N/A (Former name and 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 (see General Instruction A. 2. below): [ ] 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)) SAFE HARBOR FOR FORWARD-LOOKING AND CAUTIONARY STATEMENTS This report contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. As such, final results could differ from estimates or expectations due to risks and uncertainties, including, but not limited to: incomplete or preliminary information; changes in government regulations and policies; continued acceptance of the Company's products and services in the marketplace; competitive factors; closing contracts with new customers and renewing contracts with existing customers on favorable terms; expanding services to existing customers; new products; technological changes; the Company's dependence upon third-party suppliers; intellectual property rights; difficulties with the identification, completion, and integration of acquisitions, including the integration of Infocrossing, LLC, f/k/a/ (i)Structure, LLC; and other risks. For any of these factors, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, as amended. ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. The information from Item 5.02(e) below is incorporated by reference into this Item 1.01. ITEM 5.02(e) COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS The employment contract between Robert Wallach and the Company (the "Agreement") was amended as of December 22, 2006 to (i) extend the Term by one year and to (ii) further provide that the Full-Time Term would be extended to include 2007 and the Part-Time Term would be years 2008 through 2010; and the Reduced Part-Time Term would be years 2011 and 2012. The capitalized terms in this paragraph have the meanings ascribed to them in the Agreement. Mr. Wallach is the Company's Vice Chairman, President and Chief Operating Officer, and the Agreement is described in Note 6 of the Notes to Financial Statements in the Company's Annual Report on Form 10-K for the year ended December 31, 2005. The preceding is qualified in its entirety by reference to the Agreement, which was attached as Exhibit 10.2 to a Current Report on Form 8-K filed January 5, 2005, and the amendment filed herewith. ITEM 9.01(d) EXHIBITS The following materials are attached as exhibits to this Current Report on Form 8-K: EXHIBIT NUMBER DESCRIPTION - ---------- -------------------------------------------------------------------- 10 Amendment One to Employment Agreement between the Company and Robert Wallach ================================================================================ 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. Date: December 22, 2006 INFOCROSSING, INC. Registrant By: /s/ NICHOLAS J. LETIZIA --------------------------- Name: Nicholas J. Letizia Title: SVP, General Counsel & Secretary EXHIBIT INDEX EXHIBIT NUMBER DESCRIPTION - ---------- -------------------------------------------------------------------- 10 Amendment One to Employment Agreement between the Company and Robert Wallach ================================================================================ EX-10 2 x10_rwext.txt AMENDMENT TO R. WALLACH EMPLOYMENT AGREEMENT EXHIBIT 10 AMENDMENT ONE TO EMPLOYMENT AGREEMENT This Amendment One to that certain Employment Agreement between Infocrossing, Inc., a Delaware corporation (the "Company"), and Robert Wallach (the "Executive") is effective as of December __, 2006 (the "Amendment One Effective Date"). Except as otherwise indicated herein, capitalized terms in this Amendment One shall have the same meaning as ascribed to such terms in the Agreement. RECITAL Whereas, the Company and the Executive desire to modify the duration of the Full-Time Term and the Part-Time Term of the Agreement. NOW THEREFORE, in consideration of the mutual promises contained herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: I. The Term as defined in Section 4(a) of the Agreement shall be changed from seven (7) years to eight (8) years so that the Term as amended will end at the close of business on December 31, 2012. II. The Full-Time Term as defined in Section 4(b) of the Agreement shall be changed from the first two (2) years of the Term to the first three (3) years of the Term. III. The Part-Time Term as defined in Section 4(c) of the Agreement shall be changed from the third, fourth, and fifth years of the Term to the fourth, fifth, and sixth years of the Term. Except as amended herein, all terms, covenants, and conditions of the Agreement shall remain in full force and effect. In the event of a conflict between the terms of the Agreement without giving effect to this Amendment One, this Amendment One will control. This Amendment One may be executed in one or more counterparts, each of which will be deemed an original but all of which taken together will constitute one and the same instrument. IN WITNESS WHEREOF the parties have executed this Amendment One as of the Amendment One Effective Date. Infocrossing, Inc. Robert Wallach By: --------------------------------- -------------------------------- Zach Lonstein Chief Executive Officer -----END PRIVACY-ENHANCED MESSAGE-----