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HTRN > SEC Filings for HTRN > Form 8-K on 17-Jun-2009All Recent SEC Filings

Show all filings for HEALTHTRONICS, INC. | Request a Trial to NEW EDGAR Online Pro

Form 8-K for HEALTHTRONICS, INC.


17-Jun-2009

Change in Directors or Principal Officers, Financial Statements and Exhibits


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

(b) On June 16, 2009, the employment relationship of Robert A. Yonke, President of Urology Services of HealthTronics, Inc. (the "Company"), was terminated.

(e) In connection with Mr. Yonke's departure, the Company entered into a Termination and Consulting Agreement with Mr. Yonke whereby (1) Mr. Yonke agreed to provide consulting services to the Company until July 16, 2010 and the Company will make semi-monthly payments of $10,688 (starting on July 1, 2009) to Mr. Yonke until July 16, 2010 (regardless of whether the consultancy terminates before such date) for these consulting services, and (2) the Company will reimburse COBRA expenses of Mr. Yonke for his continued coverage under the Company's medical plan until the earlier of (i) the expiration of the period of coverage under COBRA, and (ii) July 16, 2010. The Termination and Consulting Agreement also provides that Mr. Yonke will continue to vest in his current restricted stock awards until July 16, 2010 and the noncompetition and the nonsolicitation provisions set forth in Mr. Yonke's Employment Agreement will continue in full force and effect and that such Executive Employment Agreement is otherwise terminated. The Termination and Consulting Agreement is attached as Exhibit 10.1, which exhibit is incorporated herein by reference.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.       Description of Exhibit

10.1              Termination and Consulting Agreement, dated June 16, 2009, by and
                  between HealthTronics, Inc. and Robert A. Yonke.

10.2              Employment Agreement, dated April 17, 2008, by and between
                  HealthTronics, Inc. and Robert A. Yonke.


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