Exactech: Entry Into A Material Definitive Agreement
The following excerpt is from the company's SEC filing
On December 31, 2013, Exactech, Inc., a Florida corporation (the “Company”), and Dr. William Petty, the Company’s Chief Executive Officer and Chairman of the Board of Directors, executed an amendment (the "Amendment") to that certain employment agreement, dated as of January 1, 2012, between Dr. Petty and the Company (the “Original Agreement” and, as amended by the Amendment, the “Agreement”). The Amendment extends the current term under the Original Agreement from December 31, 2013 to February 28, 2014 with the Subsequent Term (as defined in the Agreement) to begin on March 1, 2014. The Company and Dr. Petty agreed to extend the original term under the Agreement pending negotiation of a new employment agreement. Except as described in this Item 5.02, all other terms of the Agreement remain unchanged. The foregoing description of the Amendment is only a summary and is qualified in its entirety by reference to the full text of the Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.
The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.
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