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DLGC > SEC Filings for DLGC > Form 8-K on 14-Jun-2013All Recent SEC Filings

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Form 8-K for DIALOGIC INC.


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 June 11, 2013, John Hanson resigned as Executive Vice President and Chief Financial Officer and as principal financial and accounting officer of Dialogic Inc. (the "Company"), effective as of June 14, 2013. In connection with Mr. Hanson's resignation, the Company entered into a letter agreement with Mr. Hanson dated June 11, 2013 (the "Agreement"). The Company has initiated a search for a new Chief Financial Officer.

Pursuant to the Agreement, Mr. Hanson will be entitled to (i) a lump sum cash payment of $250,000.00, less all applicable withholdings and deductions paid in equal installments on the Company's normal payroll schedule for the first four
(4) months following June 14, 2013 with the first payment to be made with the Company's June 21, 2013 payroll and (ii) up to six months of the Company's portion of Mr. Hanson's monthly premium payments for medical, dental and vision coverage subject to his payment of the applicable employee contribution (based on his current coverage selection and based on the same amount which the Company contributed to such benefits during his employment). Mr. Hanson granted a general release to the Company in the Agreement and the Company granted a separate release to Mr. Hanson.

The description of the Agreement contained herein does not purport to be complete and is qualified in its entirety by reference to the Agreement, a copy of which is attached hereto as Exhibit 10.1 and is incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.       Description

10.1              Letter Agreement, dated June 11, 2013, by and between Dialogic
                  Inc. and John Hanson.

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