-----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, BgC+I7ubjLWWe8rZwi/KdboGSHF3dyawjdIG3NVliH5x14ei+JJZa+gieStiaZZy ztK+psiTersA9d8jNn0UFw== 0001104659-05-006743.txt : 20050215 0001104659-05-006743.hdr.sgml : 20050215 20050215144834 ACCESSION NUMBER: 0001104659-05-006743 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050214 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20050215 DATE AS OF CHANGE: 20050215 FILER: COMPANY DATA: COMPANY CONFORMED NAME: THOMAS GROUP INC CENTRAL INDEX KEY: 0000900017 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MANAGEMENT CONSULTING SERVICES [8742] IRS NUMBER: 720843540 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22010 FILM NUMBER: 05616583 BUSINESS ADDRESS: STREET 1: 5221 N OCONNOR BLVD STE 500 CITY: IRVING STATE: TX ZIP: 75039 BUSINESS PHONE: 9728693400 MAIL ADDRESS: STREET 1: 5221 N OCONNOR SUITE 500 CITY: IRVING STATE: TX ZIP: 75039 8-K 1 a05-3669_18k.htm 8-K

 

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):  February 14, 2005

 

Thomas Group, Inc.

(Exact Name of Registrant as Specified in Its Charter)

 

Delaware

(State or Other Jurisdiction of Incorporation)

 

0-22010

 

72-0843540

(Commission File Number)

 

(I.R.S. Employer Identification No.)

 

 

 

5221 N. O’Connor Blvd., Suite 500

 

 

Irving, Texas

 

75039

(Address of Principal Executive Offices)

 

(Zip Code)

 

 

 

(972) 869-3400

(Registrant’s Telephone Number, Including Area Code)

 

 

 

N/A

(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:

 

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 


 

Item 1.01  Entry into a Material Definitive Agreement

On February 14, 2005, the Company amended the employment agreement with its President and Chief Executive Officer, James T. Taylor. This second amendment to the employment agreement is retroactively effective on August 1, 2004 (the first amended employment agreement was filed as Exhibit 10.22 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2002). This second amendment provides for a base salary of $435,000, an annual incentive based on the Company’s operating profit and revenue, and a $225,000 bonus for his services as CEO and CFO during 2004. The term of employment under this agreement expires December 31, 2006.  The agreement also provides for severance benefits based on certain multiples of base pay in the event of involuntary termination or change in control of the Company.

 

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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.

 

 

 

 Thomas Group, Inc.

 

 

 (Registrant)

 

 

 

Date:

February 15, 2005

 

By:

/s/ James T. Taylor

 

 

 

James T. Taylor,

 

 

President & Chief Executive Officer

 

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