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 Act of 1934
Date of Report (Date of earliest event reported) June 23, 2008
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Dynasil Corporation of America
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(Exact name of registrant as specified in its charter)
New Jersey 000-27503 22-1734088
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(State or other (Commission (IRS Employer
jurisdiction of incorporation) File Number) Identification No.)
385 Cooper Road, West Berlin, New Jersey 08091
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(Address of principal executive offices) (ZIP Code)
Registrant's telephone number, including area code: (856)-767-4600
Not Applicable
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(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 Instructions 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))
Section 1 - Registrant's Business and Operations
Item 5.02 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
On June 23, 2008, the Registrant, Dynasil Corporation
of America ("Dynasil"), entered into an arrangement whereby
Gene Talerico, of New York, NY agreed to become the Dynasil
Corporate Controller. Mr. Talerico will be responsible for
the company's SEC and internal financial reporting, as well
as integration and consolidation of the company's accounting
systems.
Mr. Talerico's business background includes serving as
an independent consultant for various clients in New York
City for the past two years. Prior to that, he worked for
two years at BT Radianz, Inc., a telecommunications firm in
New York City during a transition when the company was being
bought by British Telecom. Prior to that, for five years he
was the chief financial officer of Warren International,
Inc. an executive recruiting firm in New York City. He has
experience in accounting system conversions as well as prior
SEC reporting experience at Jayark Corporation. In the
early part of his career, Mr. Talerico was accounting
manager at Dovatron International, Inc., a large electronics
manufacturing firm. He earned his MBA in finance from SUNY
Binghamton and a BS in Accounting from the University of
Scranton.
In connection with his appointment as a Corporate
Controller, Mr. Talerico will initially be paid $97,000
annually plus a 12.5% of the Core bonus pool, payable either
in cash or company stock. He will also receive a standard
benefits package. He has been granted stock options for
30,000 shares which will vest over a two year period with a
three year term at an exercise price of $2.89 per share.
Mr. Talerico also will be eligible to receive option grants
at the discretion of the Board of Directors.
Section 9 - Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits.
EXHIBIT INDEX
(c) Exhibits
None.
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.
DYNASIL CORPORATION OF AMERICA
(Registrant)
Date: By
Craig T. Dunham
President