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 the Report: August 3, 2006
Commission file number 0-16182
AXSYS TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
Delaware | 11-1962029 |
(State or other jurisdiction of incorporation or organization) | I.R.S Employer |
| Identification Number |
| |
175 Capital Boulevard, Suite 103 | |
Rocky Hill, Connecticut | 06067 |
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (860) 257-0200
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 24 0.14d-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 August 3, 2006, the Compensation Committee of the Board of Directors of Axsys Technologies, Inc., approved a Letter Agreement between the Company and Mr. Stephen W. Bershad that extends the Initial Period (as defined in Section 2(a) of Mr. Bershad’s Employment Agreement) until October 12, 2007, subject to the earlier termination of the Initial Period by Mr. Bershad in his sole discretion or by the Company, acting through its Board of Directors, in its sole discretion, by 30 days’ prior written notice to the other.
The foregoing description of the Letter Agreement is qualified in its entirety to the Letter Agreement and the Employment Agreement, copies of which are filed as Exhibit 10.1 and Exhibit 10.2, respectively, to this Form 8-K and incorporated herein by reference.
Item 9.01(d) FINANCIAL STATEMENTS AND EXHIBITS
Exhibit Number | | Description |
10.1 | | Letter Agreement Extending Initial Term of Mr. Bershad’s Employment Agreement |
| | |
10.2 | | Employment Agreement, dated as of October 12, 2000, between Axsys and Stephen W. Bershad (filed as Exhibit 10(27) to the December 31, 200- Form 10-K (File No. 000-16182) and incorporated herein by reference.) |
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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.
Date: August 8, 2006
| AXSYS TECHNOLOGIES, INC. |
| (Registrant) |
| |
| |
| By: | /s/ David A. Almeida |
| | David A. Almeida |
| | Chief Financial Officer |
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EXHIBIT INDEX
Exhibit Number | | Description |
10.1 | | Letter Agreement Extending Initial Term of Mr. Bershad’s Employment Agreement |
| | |
10.2 | | Employment Agreement, dated as of October 12, 2000, between Axsys and Stephen W. Bershad (filed as Exhibit 10(27) to the December 31, 200- Form 10-K (File No. 000-16182) and incorporated herein by reference.) |
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