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| UNTK > SEC Filings for UNTK > Form 8-K on 5-Dec-2012 | All Recent SEC Filings |
5-Dec-2012
Change in Directors or Principal Officers, Financial Statements and
On November 30, 2012, C. Scott Hisey resigned his position as a member of the Board of Directors (the "Board") of UniTek Global Services, Inc. (the "Company") to pursue other interests. Such resignation is to be effective immediately.
In connection with Mr. Hisey's resignation, the Company and Mr. Hisey entered into an Amendment and Agreement (the "Amendment and Agreement") agreeing to certain matters and modifying certain terms of the Separation of Employment Agreement and General Release, dated as of January 10, 2012 (the "Separation Agreement") and the Consulting Services Agreement, dated as of January 18, 2012 (the "Consulting Agreement"), both between Mr. Hisey and the Company. Material terms of the Amendment and Agreement include: (1) Mr. Hisey will be paid no compensation for service on the Board for any period after the date of his resignation, all compensation earned through that date shall be paid promptly following such date, and any unvested equity awards issued prior to such date shall vest on such date; (2) the Consulting Agreement shall not be renewed as of the end of its initial term on January 18, 2013, and Mr. Hisey will receive compensation under the Consulting Agreement, in accordance with its terms, through such date and (3) certain activities by Mr. Hisey shall not be deemed to violate the non-competition provisions of the Separation Agreement.
A copy of the Amendment and Agreement is attached hereto as Exhibit 99.1 and is incorporated herein by reference, and the foregoing description is qualified in all respects by reference thereto.
(d) Exhibits
99.1 Amendment and Agreement, dated as of November 30, 2012.
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