UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or Section 15(d) of the Securities Exchange Act of
1934
Date of
Report (Date of earliest event reported) November 11,
2010
Conversion
Services International, Inc.
(Exact
name of registrant as specified in its charter)
Delaware
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0-30420
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20-0101495
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(State
or other jurisdiction
of
incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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100 Eagle Rock Avenue, East
Hanover,
New Jersey
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07936
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code: (973)
560-9400
Not
Applicable
(Former
name or former address, if changed since last report)
¨
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Written
communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
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¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
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¨
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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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¨
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
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On
November 11, 2010, Conversion Services International, Inc. (the “Company”)
entered into an employment agreement (the “Agreement”) with William Hendry, the
Company’s Vice President and Chief Financial Officer.
The
Agreement is effective as of October 16, 2010, and has a term of two years.
Either the Company or Mr. Hendry may terminate the Agreement provided that the
terminating party provides 30-day written notice. Under the terms the Agreement,
Mr. Hendry will receive a base salary of $225,000 per year and an annual bonus,
to be determined by the Company’s Board of Directors. Mr. Hendry will also be
entitled to participate in any bonus plan, incentive compensation program or
incentive stock option plan or other employee benefits of the Company and which
are available to the five highest paid executives of the Company, on the same
terms and at the same level of participation as the five highest paid executives
of the Company.
In the
event the Company terminates Mr. Hendry without Good Cause (as defined therein),
for Good Cause or following a Change of Control (as defined therein), Mr. Hendry
may be entitled to certain severance payments and benefits of up to twelve
months of base salary. For further details, please see Mr. Hendry’s
Employment Agreement filed as an exhibit herewith.
Item
9.01 Financial Statements and
Exhibits
(d)
Exhibits
Exhibit No.
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Description
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10.1
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Employment
Agreement with William Hendry, Chief Financial Officer executed on
November 11,
2010.
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
November
12, 2010
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CONVERSION
SERVICES INTERNATIONAL,
INC.
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By:
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/s/ William
B. Hendry
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Name:
William B. Hendry
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Title:
Chief Financial Officer
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