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ELMG > SEC Filings for ELMG > Form 8-K on 23-Sep-2009All Recent SEC Filings

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Form 8-K for EMS TECHNOLOGIES INC


23-Sep-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

On September 17, 2009, a severance agreement became effective between EMS Technologies, Inc. ("the Company") and David A. Smith, former Vice President and General Manager of the Company's Defense & Space division. Under the agreement, Mr. Smith will continue to receive payments at the rate of his annual salary in effect prior to his termination date, and will continue to be covered under the Company's medical benefit plan, through May 14, 2010, or the date he begins a new position with a comparable salary, whichever comes first. The maximum amount of the cash payments is approximately $181,000, plus a lump-sum payment of $15,000 in lieu of outplacement services. Mr. Smith will not be eligible to receive payments under either of the Executive Incentive Compensation Plan or the EMS Performance Bonus Plan for 2009. Stock options that were vested as of the date of Mr. Smith's termination remain exercisable for a limited period, but all unvested options have been cancelled.



Item 9.01 Financial Statements and Exhibits

(c) The following exhibits are furnished as part of this Form 8-K.

Exhibit No.                                   Description

10.1             Severance Agreement dated August 17, 2009, and effective
                 September 17, 2009, between EMS Technologies, Inc. and David A.
                 Smith.


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