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PRCP > SEC Filings for PRCP > Form 8-K on 13-Oct-2009All Recent SEC Filings

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Form 8-K for PERCEPTRON INC/MI


13-Oct-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

(b) On October 9, 2009, the employment of Paul J. Eckhoff, Senior Vice President, Commercial Products Business Unit, with Perceptron, Inc. (the "Company") ended. Mr. Eckhoff left the Company to pursue other opportunities. The termination of Mr. Eckhoff's employment was pursuant to Section 3 of his Severance Agreement with the Company dated December 31, 2008 (the "Severance Agreement"). Upon the execution of a release in substantially the form previously filed with the Severance Agreement, payments to Mr. Eckhoff are anticipated to occur in accordance with the terms of the Severance Agreement applicable to a termination not for "Cause." Mr. Eckhoff will also receive executive-level outplacement services. The Severance Agreement was filed as Exhibit 10.1 to the Company's Current Report on Form 8-K filed on January 8, 2009. Mr. Harry R. Rittenour, President and Chief Executive Officer, has assumed Mr. Eckhoff's position temporarily until his replacement is named by the Company's Board of Directors.

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