- Current report filing (8-K)
2009年12月24日 - 6:27AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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, 2009
ORBIT INTERNATIONAL CORP.
(Exact name of registrant as specified in its charter)
DELAWARE 0-3936 11-1826363
DELAWARE 0-3936 11-1826363
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
80 CABOT COURT
HAUPPAUGE, NEW YORK 11788
(Address of principal executive offices) (Zip Code)
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Registrant's telephone number, including area code: 631-435-8300
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 (17CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17CFR 240.13e-4(c))
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On December 22, 2009, the Company entered into an amendment to an
employment agreement with Mitchell Binder, its Chief Financial Officer and
Executive Vice President. The full text of the Amendment is filed as Exhibit
10.1 to this Current Report and is incorporated herein by reference. The
information included below under Item 5.02 provides a summary of the material
terms of the Amendment to Employment Agreement and is incorporated herein by
reference into this Item 1.01.
ITEM 5.02. DEPARTURE OF DIRECTOR OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF PRINCIPAL OFFICERS, COMPENSATORY ARRANGEMENTS OF CERTAIN
OFFICERS.
(e) On December 16, 2009, the Compensation Committee of Orbit's board of
directors (the "Board") provided its approval for the Company to enter into the
an Amendment to Employment Agreement, which goes into effect on January 1, 2010.
The full text of the Amendment to Employment Agreement is filed as Exhibit 10.1
to this Current Report and is incorporated herein by reference. The following
discussion provides a summary of the material terms of the Amendment of
Employment Agreement, which discussion is qualified in its entirety by reference
to the entire text of the Amendment to Employment Agreement.
The Amendment to Employment Agreement extended the term of Mr. Binder's
Employment Agreement three years(from December 31, 2009 to December 31, 2012)
and amended certain other provisions of the Employment Agreement. Mr. Binder's
annual salary was amended to $318,000 per year, and certain modifications were
made to the paragraphs in the Employment Agreement relating to vehicle expenses
and termination.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
Exhibit 10.1 Amendment to Employment Agreement dated December 22, 2009
between the Company and Mitchell Binder
SIGNATURE
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.
Dated: December 23, 2009
Orbit International Corp.
By: /s/ Dennis Sunshine
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Dennis Sunshine
Chief Executive Officer and President
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