Form 8-K

 

 

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 (Date of earliest event reported) December 21, 2009

 

 

AMERICAN ELECTRIC TECHNOLOGIES, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Florida   000-24575   59-3410234

(State or other jurisdiction

of incorporation)

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

6410 Long Drive, Houston, TX   77087
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code 713-644-8182

 

 

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 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

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

On December 21, 2009, American Electric Technologies, Inc. executed an amended employment agreement with John H. Untereker which extends the term of Mr. Untereker’s employment from February 7, 2011 to December 31, 2011. The amended contract with Mr. Untereker reflects his continuing role as Senior Vice President and Chief Financial Officer on essentially the same terms and compensation elements as the previous contract. New terms in the amended contract include partial vesting of equity compensation in the event of termination without cause. The description of this amended employment agreement is a summary of the terms. A copy of the amended employment agreement will be filed as an exhibit with the company’s Form 10-K for the year ending December 31, 2009.

SIGNATURES

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.

 

  AMERICAN ELECTRIC TECHNOLOGIES, INC.
  (Registrant)
Date: December 23, 2009   By:   /S/    JOHN H. UNTEREKER        
    John H. Untereker
    Senior Vice President and CFO