8-K 1 v194626_8k.htm 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):  August 18, 2010
 
AMERICAN BIO MEDICA CORPORATION 

 
(Exact name of registrant as specified in its charter)
 
New York
 
0-28666
 
14-1702188
(State or other jurisdiction
of incorporation)
  
(Commission File Number)
  
(IRS Employer
Identification Number)

122 Smith Road, Kinderhook, NY
 
12106
(Address of principal executive offices)
 
(Zip Code)
 
Registrant’s telephone number, including area code:  518-758-8158
 
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 (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))
 
 
 

 

Item 5.02  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
 
On August 18, 2010, the Board of Directors of American Bio Medica Corporation (the “Company”), upon recommendation of the Compensation Committee of the Company and upon motion duly made, seconded and carried unanimously, adopted a resolution to increase the base salary of the Company’s Chief Financial Officer and Executive Vice President, Finance Stefan Parker (“Parker”) from $120,000 on an annualized basis to $145,000 on an annualized basis. The increase in base salary is effective August 30, 2010. All other respects of Parker’s employment letter dated August 22, 2007 remain unchanged and in full force and effect.
 
Item 8.01  Other Events
 
On August 18, 2010, the Company entered into a Change in Control/Severance Agreement (the “Agreement”) with the Company’s Chief Compliance Officer, Vice President and Corporate Secretary Melissa A. Waterhouse (“Waterhouse”). The Agreement address severance provisions that would be payable to Waterhouse as a result of termination from employment for anything other than cause or from a change in control of the Company.
 
Item 9.01  Financial Statements and Exhibits
 
(d)
Exhibits
 
10.33
Letter Amending Employment Letter between the Company and Stefan Parker
 
10.34
Change in Control/Severance Agreement between the Company and Melissa A. Waterhouse
 
 
 

 

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.

 
AMERICAN BIO MEDICA CORPORATION
 
(Registrant)
     
Dated: August 20, 2010
By:
/s/ Melissa A. Waterhouse
 
   
Melissa A. Waterhouse
   
Vice President & Chief Compliance Officer
   
Corporate Secretary