Unassociated Document
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Form
8-K
Current
Report
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date
of
Report (Date of earliest event reported): September 14, 2006
Netsmart
Technologies, Inc.
(Exact
name of Registrant as Specified in its Charter)
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Delaware
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0-21177
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13-3680154
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(State
or other jurisdiction
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(Commission
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(IRS
Employer
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of
incorporation
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File
No.)
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Identification
No.)
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3500
Sunrise Highway, Suite D-122, Great River, New York 11739
(Address
of Principal Executive Office)
Registrant's
telephone number, including area code: (631) 968-2000
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (SEE General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
(17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act
(17 CFR 240.13e-4(c))
Item
1.01. Entry
into a Material Definitive Agreement.
Pursuant
to the terms of the employment agreements dated April 1, 2004 between Netsmart
Technologies, Inc. (the “Registrant”) and each of Mr. James Conway, the
Registrant’s Chief Executive Officer, and Mr. Anthony Grisanti, the Registrant’s
Chief Financial Officer (each, an “Employment Agreement”), each of Messrs.
Conway and Grisanti had the right to extend the term of his respective
Employment Agreement for an additional year so that upon the exercise of such
option, his contract would expire on December 31, 2007. On September 14, 2006,
the Registrant’s compensation committee chairman received an extension notice
from each of Messrs. Conway and Grisanti of his determination to extend the
term
of his respective Employment Agreement for such additional year, changing the
contract expiration date to December 31, 2007.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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NETSMART TECHNOLOGIES,
INC. |
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| Date:
September 19, 2006 |
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/s/ James
L.
Conway |
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James
L. Conway |
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Chairman,
President Chief Executive Officer
and
Director (Principal Executive
Officer)
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