Form 8-K -- Fourth Amended and Restated Derkacht Agreement
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: August 5, 2005
(Date
of earliest event reported)
_________________________
TRANSACTION
SYSTEMS ARCHITECTS, INC.
(Exact
name of registrant as specified in its charter)
Delaware
|
0-25346
|
47-0772104
|
(State
or other jurisdiction
of
incorporation
|
(Commission
File
Number)
|
(I.R.S.
Employer
Identification
No.)
|
224
South 108th Avenue,
Omaha,
Nebraska 68154
(Address
of principal executive offices, including zip code)
(402)
334-5101
(Registrant’s
telephone number, including area code)
_________________________
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:
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o
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.
On
August 5, 2005, Transaction Systems Architects, Inc. (the “Company”) entered
into a Fourth Amended and Restated Employment Agreement (the “Employment
Agreement”) with Gregory D. Derkacht. The Employment Agreement amends and
restates the Third Amended and Restated Employment Agreement dated September
28,
2004 (the “Original Agreement”). Pursuant to the Employment Agreement, the
$500,000 Transition Bonus contemplated under the Original Agreement will be
paid, if at all, in three installments of $125,000, $250,000 and $125,000,
in
consideration of transition services performed by Mr. Derkacht during the third
and fourth quarter of the Company’s fiscal year 2005 and the first quarter of
the Company’s fiscal year 2006, respectively. The term of the Original Agreement
expired June 30, 2006. The term of the Employment Agreement expires February
28,
2006. All other terms of the Employment Agreement and the exhibits thereto
are
substantially the same as set forth in the Original Agreement.
Item
9.01. Financial Statements and Exhibits.
(c)
Exhibits
Exhibit
No.
|
|
Description
|
|
|
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10.1
|
|
Fourth
Amended and Restated Employment Agreement dated as of August 5, 2005
between Transaction Systems Architects, Inc. and Gregory D. Derkacht
(with
exhibits).
|
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 thereunto
duly authorized.
|
TRANSACTION
SYSTEMS ARCHITECTS, INC.
|
Date:
August
5,
2005
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By:
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/s/
Dennis P. Byrnes
|
|
|
Dennis
P. Byrnes
Senior
Vice President
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EXHIBIT
INDEX
Exhibit
No.
|
|
Description
|
|
|
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10.1
|
|
Fourth
Amended and Restated Employment Agreement dated as of August 5, 2005
between Transaction Systems Architects, Inc. and Gregory D. Derkacht
(with
exhibits).
|