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BTUI > SEC Filings for BTUI > Form 8-K on 30-Nov-2012All Recent SEC Filings

Show all filings for BTU INTERNATIONAL INC



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

(c) (e) On November 26, 2012, BTU International, Inc. (the "Company") appointed Peter J. Tallian as Chief Operating Officer of the Company, effective immediately. Mr. Tallian will continue to serve as the Principal Financial Officer and Principal Accounting Officer of the Company. The Company intends to commence a search for a new Principal Accounting Officer.

In connection with his appointment as Chief Operating Officer, Mr. Tallian's annual base salary will be $310,000. In addition, the retention agreement between the Company and Mr. Tallian will be amended to provide that in the event the Company terminates Mr. Tallian's employment, other than for cause (as defined in the retention agreement), or Mr. Tallian leaves the Company for good reason (as defined in the retention agreement) following a change in control of the Company, Mr. Tallian shall be entitled to severance for a period of twelve months, subject to the terms and conditions set forth in the amended retention agreement.

Additional information about Mr. Tallian can be found in the Company's proxy statement on Schedule 14A filed with the SEC on April 16, 2012, which information is incorporated by reference herein.

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