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UPI > SEC Filings for UPI > Form 8-K on 3-Jun-2014All Recent SEC Filings

Show all filings for UROPLASTY 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 May 29, 2014, Uroplasty, Inc. ("Uroplasty") and Robert C. Kill, its President and Chief Executive Officer, entered into an amendment to Mr. Kill's employment agreement with Uroplasty, dated July 22, 2013. The amendment to Mr. Kill's employment agreement provides for the following, among other things:

an increase in the percentage of Mr. Kill's base salary comprising his targeted annual cash incentive compensation from 75% to 80%;

an increase in the annual stipend to cover Mr. Kill's personal life and disability insurance policies from $18,000 to $36,000; and

that if Mr. Kill's employment is terminated without cause, Mr. Kill will receive the full amount of his targeted annual cash incentive compensation rather than a pro rata amount based upon the date of termination.

The foregoing description of the amended employment agreement with Mr. Kill is a summary of the material terms of such agreement, does not purport to be complete and is qualified in its entirety by reference to the complete text of the agreement, a copy of which is included as Exhibit 10.1 to this report and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.                                Description
   10.1       Amendment to Employment Agreement dated as of May 29, 2014 between
              Uroplasty, Inc. and Robert C. Kill (filed herewith)

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