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HIST > SEC Filings for HIST > Form 8-K on 4-Feb-2009All Recent SEC Filings

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Form 8-K for GALLERY OF HISTORY INC


4-Feb-2009

Termination of a Material Definitive Agreement


Item 1.02. Termination of a Material Definitive Agreement.

On February 3, 2009, the Company terminated Don A. Prince's employment with the Company, pursuant to the terms of that certain letter agreement, dated April 16, 2007, pursuant to which Mr. Prince was employed on at at-will basis in a non-executive officer capacity, as the Company's Vice President of Sales. The letter agreement provided that upon termination, no severance or other form of compensation would be due Mr. Prince. In addition, in accordance with the terms of the letter agreement, the 50,000 options previously granted to Mr. Prince on April 16, 2007, expired upon the date of termination.

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