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CRRS > SEC Filings for CRRS > Form 8-K on 4-Oct-2013All Recent SEC Filings




Change in Directors or Principal Officers, Other Events, Financ

Item 5.02. Departure of Directors or Certain Officers: Election of Directors:
Appointment of Certain Officers: Compensatory Arrangements of Certain Officers.

On September 23, 2013, Corporate Resource Services, Inc. (the "Company") entered into an Executive Employment Agreement (the "Employment Agreement"), with John P. Messina, Sr., President, Chief Executive Officer and Chairman of the Company's Board of Directors (the "Board"). Under the Employment Agreement, Mr. Messina shall receive an annual base salary of $208,000, which the Company may increase at its discretion, and Mr. Messina will be eligible to receive a discretionary bonus, based on his performance if and when determined by the Board. Mr. Messina also receives health benefits, a monthly membership for a health and fitness facility as well as a complete annual physical. A copy of the Employment Agreement is filed as Exhibit 10.1 hereto and is incorporated by reference herein.

Item 8.01. Other Events

On October 2, 2013, the Company issued a press release (the "Press Release") announcing that it is expanding the Professional Services segment of its business. Over the past eighteen months the Company has been building its higher margin accounting and finance staffing and recruiting services practice, spearheaded from the Company's Irvine, California and New York City offices. A copy of the Press Release is attached hereto as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits


10.1Employment Agreement, dated as of September 23, 2013, by and between Corporate Resource Services, Inc. and John P. Messina, Sr.

99.1Press Release of Corporate Resource Services, Inc. dated October 2, 2013.

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