form8k-june2008.htm
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
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FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) of the
SECURITIES
EXCHANGE ACT OF 1934
Date
of Report: June 2, 2008
(Date
of earliest event reported)
SYNERGX
SYSTEMS INC.
(Name
of small business issuer in its charter)
Delaware 11-2941299
(State or other jurisdiction
of)
(I.R.S. Employer Identification No.
incorporation
or organization)
209 Lafayette Drive,
Syosset, New
York 11791
(Address
of principal executive
offices) (Zip
code)
Issuer's
telephone number: (516)
433-4700
Not
Applicable
(Former
Name or Former Address, If Changed Since Last Report)
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:
[ ]
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 240.14d-2(b))
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
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Item
1.01.
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Entry
into a Material Definitive
Agreement.
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Reference
is made to Item 5.02 for information on a Separation Agreement and General
Release (the “Agreement”), dated
June 2, 2008, between Daniel S. Tamkin and Synergx Systems Inc. (the “Company”).
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Item
5.02.
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Departure
of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain
Officers.
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Mr.
Tamkin has advised the Company of his intent to resign as President and CEO of
the Company to pursue other opportunities. The Company and Mr. Tamkin
have entered into a Separation Agreement and General Release (the “Agreement”),
in satisfaction of mutual obligations, based on the terms of Mr. Tamkin’s
employment agreement. Mr. Tamkin may revoke the Agreement by giving
notice to the Company on or before June 9, 2008 (the “Effective
Date”). Pursuant to the Agreement, Mr. Tamkin shall resign as
Chief Executive Officer and from all positions held by him at the Company and
the Company’s affiliates on the Effective Date. Further, on the
Effective Date, Mr. Tamkin shall tender his resignation as a director of the
Company and as Chairman of the Board of the Company.
The
Agreement provides, among other things, that the Company pay Mr. Tamkin
compensation payments totaling approximately $300,000 over the next year,
including the continuation of certain automobile and health benefits for up to
twelve months.
The
foregoing summary of the Agreement is qualified by reference to the Agreement
that is filed as an exhibit to this current report.
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Item
9.01.
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Financial
Statements and Exhibits.
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(d)
Exhibits
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Exhibit
No.
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Description
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10.11
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Separation
Agreement and General Release, dated June 2, 2008, between Daniel S.
Tamkin and Synergx Systems Inc.
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Pursuant
to the requirements of Section 13 or 15(d) of the Securities Exchange Act of
1934, the Company has duly caused this Report to be signed on its behalf by the
undersigned, thereunto duly authorized.
SYNERGX SYSTEMS INC.
(Registrant)
By: /s/ JOHN A.
POSERINA
John A. Poserina,
Chief Financial Officer, Treasurer,
Secretary,
Vice President and
Director
(Principal Accounting and Financial
Officer)
Dated:
June 6, 2008
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Exhibit
No.
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Description
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10.11
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Separation
Agreement and General Release, dated June 2, 2008, between Daniel S.
Tamkin and Synergx Systems Inc.
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