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 Act of 1934

 

Date of Report (Date of earliest event reported): June 30, 2017

 

Synthesis Energy Systems, Inc.
(Exact name of registrant as specified in its charter)

 

Delaware 001-33522 20-2110031
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)

 

Three Riverway, Suite 300 77056
Houston, Texas (Zip Code)
(Address of principal executive offices)  

 

(713) 579-0600
(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 (see General Instruction A.2. below):

 

[  ]       Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

[  ]       Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

[  ]       Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14-2(b))

 

[  ]       Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CRF 240.133-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company [  ]

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [  ]

 

 

 

 

Item 1.01 Entry into a Material Definitive Agreement.

 

The information in Item 5.02 below is incorporated by reference into this Item 1.01.

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.

 

Effective June 30, 2017, Synthesis Energy Systems, Inc. (the “Company”) entered into a letter agreement with Chris Raczkowski, the Company’s President – Asia, amending the terms of his employment letter with the Company dated December 16, 2016. Under the amendment, the date upon which his severance rights would activate, was extended from July 3, 2017 to January 3, 2018. There were no other changes to the terms of his original employment letter.

 

Item 9.01 Financial Statements and Exhibits.

 

Exhibits

 

+10.1     Employment Letter between the Company and Chris Raczkowski dated December 16, 2016 (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on December 20, 2016) .

 

+*10.2     Amendment to Employment Letter between the Company and Chris Raczkowski dated June 30, 2017.

 

 

* Filed herewith.

 

+ Management contract or compensatory plan or arrangement.

 

 

 

 

 

 

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.

 

    Synthesis Energy Systems, Inc.
     
Dated: July 6, 2017   /s/ DeLome Fair
    DeLome Fair
    President and Chief Executive Officer

 

 

 

 

 

 

 

 

 

Exhibit Index

 

+10.1 Employment Letter between the Company and Chris Raczkowski dated December 16, 2016 (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on December 20, 2016) .

 

+*10.2 Amendment to Employment Letter between the Company and Chris Raczkowski dated June 30, 2017.

 

 

 

* Filed herewith.

 

+ Management contract or compensatory plan or arrangement.

 

 

 

 

 

 

 

 

Exhibit 10.2

 

June 30, 2017

 

Chris Raczkowski

 

Re:       Amendment of Employment Letter

 

Dear Chris:

 

This letter constitutes an amendment, effective immediately, to the employment letter between you and Synthesis Energy Systems, Inc. (the “Company”) dated December 16, 2016 (the “Employment Letter”). The terms under the “Conditions to Payment” section, subsection (i) is changed from “the six month anniversary of the Effective Date” to “the twelve month anniversary of the Effective Date”.

 

This letter does not affect any other terms of the Employment Letter. If you have any questions regarding this matter, please let me know.

 

    SYNTHESIS ENERGY SYSTEMS, INC.
     
    /s/ DeLome Fair
    DeLome Fair
    President and Chief Executive Officer
     
Acknowledged and Agreed on    
June 30, 2017    
     
     
/s/ Chris Raczkowski    
Chris Raczkowski