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): May 21, 2014
Delaware 000-6658 04-2217279 ___________ ____________ __________________ (State or other (Commission (IRS Employer No.) jurisdiction of File Number) incorporation) |
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
The Company's subsidiary, Altamira Industries Inc., has agreed to a one-year extension through June 30, 2015 of the employment Agreement of Brookman P. March, its President, on the same terms except that his base annual salary for the year ending June 30, 2015 will be increased from $135,000 to $140,000.
ITEM 9.01 Financial Statements and Exhibits
(a) and (b) not applicable
(c) Exhibits
Exhibit No. Exhibit
___________ _____________________________
10A-1 Copy of Amendment to Employment Agreement
between Altamira Instruments, Inc., and
Brookman P. March
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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.
SCIENTIFIC INDUSTRIES, INC.
(Registrant)
Date: May 22, 2014
By: /s/ Helena R. Santos
________________________
Helena R. Santos,
President and Chief Executive Officer
Officer
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Amendment to
Employment Agreement
The Employment Agreement dated May 18, 2012 (the "Agreement") by and between ALTAMIRA INSTRUMENTS, INC, a Delaware corporation (the "Company"), and BROOKMAN P. MARCH, who resides at 105 Cambridge Court, Harwick, Pennsylvania 15049 (?March?) is hereby amended to extend the employment period through June 30, 2015 and provide that the compensation of March to be paid by the Company for the performance of his duties set forth in Paragraph 3 for the year ending June 30, 2015 shall be at the rate of $140,000 per annum; and at the sole and absolute discretion of the Board of Directors, the Company may pay March a bonus in addition in recognition of his services and results of the Company's operation for the twelve month period ending June 30, 2015. All other terms of the Employment Agreement remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have signed this Agreement as of the 21st day of May 2014 .
ALTAMIRA INSTRUMENTS, INC.,
By /s/Helena R. Santos Name: Helena R. Santos Title: Chief Executive Officer |
BROOKMAN P. MARCH
s/s Brookman P. March ________________________________ |