Prepared By R.R. Donnelley Financial -- Form 8-K
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): 08/07/2009
Technitrol, Inc.
(Exact name of registrant as specified in its charter)
Commission File Number: 001-05375
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PA
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23-1292472
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(State or other jurisdiction of
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(IRS Employer
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incorporation)
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Identification No.)
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1210 Northbrook Drive, Suite 470, Trevose, PA 19053
(Address of principal executive offices, including zip code)
(215) 355-2900
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)
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:
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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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On August 5, 2009, Technitrol entered into a Letter Agreement with Alan H. Benjamin who currently serves as Senior Vice President of Technitrol and as President of Pulse Engineering. The Letter Agreement provides various benefits to Mr. Benjamin in the event his employment is terminated by Pulse without cause or is terminated by Mr. Benjamin for good reason (as defined in the agreement). These benefits may include continued base salary, bonus payment, severance payment, vesting of restricted stock, continued health and life insurance, outplacement services and tax gross-up related to Section 280G of the Internal Revenue Code. The Letter Agreement also contains confidentiality, invention assignment and noncompetition provisions. The foregoing summary is not complete and is qualified in its entirety by reference to the full text of the Letter Agreement attached hereto as Exhibit 10.29 which is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.Exhibit 10.29 - Letter Agreement among Technitrol, Inc, Pulse Engineering, Inc. and Alan H. Benjamin dated July 22, 2009.
SIGNATURES
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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Technitrol, Inc.
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Date: August 07, 2009
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By:
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/s/ James M. Papada, III
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James M. Papada, III
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Chairman, President and CEO
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EXHIBIT INDEX
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Exhibit No.
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Description
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EX-10.29
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Letter Agreement
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