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SNT > SEC Filings for SNT > Form 8-K on 22-May-2009All Recent SEC Filings

Show all filings for SENESCO TECHNOLOGIES INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for SENESCO TECHNOLOGIES INC


22-May-2009

Change in Directors or Principal Officers


ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS

On May 19, 2009, the Compensation Committee of the Board of Directors of Senesco Technologies, Inc. (the "Company") notified each of Bruce C. Galton, the Company's President and Chief Executive Officer, Sascha P. Fedyszyn, the Company's Vice President of Corporate Development and Secretary, Joel P. Brooks, the Company's Chief Financial Officer and Treasurer, and Richard Dondero, the Company's Vice President of Research and Development, that the Company will not renew their respective employment agreements upon their expiration. But for such notice, the employment agreements would have renewed automatically.

Accordingly, Mr. Galton's employment agreement will expire on October 3, 2009, Mr. Fedyszyn's employment agreement will expire on January 20, 2010, Mr. Brook's employment agreement will expire on June 30, 2010 and Mr. Dondero's employment agreement will expire on July 18, 2010.

The company anticipates that each of Messers. Galton, Fedyszyn, Brooks and Dondero will, following the expiration of their employment agreements, continue as employees on an "at will basis", meaning that either the Company or the employees may discontinue their employment with or without notice or cause. The employees' respective salaries, benefits, duties and titles will remain unchanged.


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