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CDI > SEC Filings for CDI > Form 8-K on 25-Sep-2013All Recent SEC Filings

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Form 8-K for CDI CORP


25-Sep-2013

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

On September 19, 2013, CDI Corporation (the "Company") and Robert J. Giorgio, Executive Vice President of the Company, executed a Third Amendment to the Employment Agreement with Mr. Giorgio effective as of July 1, 2013. The Second Amendment to Mr. Giorgio's Employment Agreement extended the term of Mr. Giorgio's employment from December 31, 2012 to June 30, 2013 (the "First Extension Period") and provided that the parties may agree to further extend his employment for up to an additional six-month period. Under the Third Amendment, the parties agreed to extend Mr. Giorgio's employment from July 1, 2013 to September 30, 2013 (the "Second Extension Period"). The Third Amendment also provides that upon Mr. Giorgio's retirement at the end of the Second Extension Period, all of the remaining unvested shares of Time-Vested Deferred Stock awarded to him in September 2011 will become vested (this results in additional vesting of 2,822 shares). All other provisions of Mr. Giorgio's Employment Agreement, as previously amended, remain unchanged.


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