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INOD > SEC Filings for INOD > Form 8-K on 28-Apr-2009All Recent SEC Filings

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Form 8-K for INNODATA ISOGEN INC


28-Apr-2009

Entry into a Material Definitive Agreement, Change in Directors or Principal


Item 1.01 Entry into a Material Definitive Agreement

Reference is made to Item 5.02 for information on a Separation Agreement and General Release dated April 27, 2009, entered into by the Company and Mr. Steven Ford.



Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) On April 27, 2009 Steven L. Ford resigned as Executive Vice President and Chief Financial Officer of Innodata Isogen, Inc. (the "Company"). Under the terms of a Separation Agreement and General Release the Company will continue to employ Mr. Ford through June 30, 2009. The Agreement also provides for payment of Mr. Ford's COBRA premiums through December 31, 2009.

The foregoing summary description of the Separation Agreement and General Release is qualified in its entirety by reference to the complete text of the Separation Agreement and General Release that is filed as an exhibit to this Report.

(c) Effective April 27, 2009 the Board of Directors of the Company appointed Jurgen C. Tanpho as interim Chief Financial Officer of the Company.

Mr. Tanpho has served in various management capacities with the Company and its subsidiaries for more than 17 years. Mr. Tanpho has served as a Vice President with various operational and financial responsibilities since March 1998; as Assistant to the President of the Company's Manila Operations from 1996 through February 1998; as Assistant Vice President- Administration from 1994 to 1996; and as Facilities and Purchasing Manager from 1991 to 1994.

Mr. Tanpho holds a B.S. degree in industrial engineering from the University of the Philippines (1986). He is 44 years old.



Item 9.01 Financial Statements and Exhibits

(d)      Exhibits

10.1     Separation Agreement and General Release

99.1     Press release of Innodata Isogen, Inc. dated April 28, 2009 announcing
         Mr. Ford's resignation and Mr. Tanpho's appointment

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