- Current report filing (8-K)
July 07 2009 - 3:55PM
Edgar (US Regulatory)
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) July 1, 2009
Dynasil Corporation of America
(Exact name of registrant as specified in its charter)
Delaware 000-27503 22- 1734088
--------------------------- ---------- -----------
(State or other (Commission (IRS Employer
|
jurisdiction of incorporation) File Number) Identification No.)
385 Cooper Road, West Berlin, New Jersey 08091
(Address of principal executive offices) (ZIP Code)
Registrant's telephone number, including area code: (856)-767-4600
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 (see
General Instructions 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 )
Section 1 - Registrant's Business and Operations
Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
On July 1, 2009, the Registrant, Dynasil Corporation of America
("Dynasil"), appointed Paul Tyra, age 50, of Wayland, MA, Vice President
of Commercialization of Dynasil.
Mr. Tyra joined Dynasil from Verionix Incorporated, a start-
up company where, as Vice President of Marketing and Business
Development from 2006 to 2009, he successfully developed and brought to
market a novel microplasma-based gas sensor technology now sold into the
semiconductor and gas distribution markets. In 1982, he began his career
as a member of the research staff at AT&T Bell Labs in New Jersey. In
1984, he joined Digital Equipment Corporation, where he led technical
efforts in the development and deployment of robotic and software
automation systems for disk drive and semiconductor manufacturing. Mr.
Tyra also worked from 1994 to 1996 as Director of Manufacturing for Jet
Process Corporation, an SBIR-funded company developing a unique thin
film deposition method. From 1996 through 2006, he held senior marketing
and business development roles at ADE Corporation, Helix Technology/CTI-
Cryogenics and Market Genesis. His career efforts have resulted in the
development and launch of a number of new hardware and software products
sold into a variety of industrial, OEM and consumer markets.
Mr. Tyra has BS and MS degrees, respectively, from the University of
Michigan (Ann Arbor) and the Massachusetts Institute of Technology,
where he studied mechanical, biomedical and electronics engineering as a
MTS Systems Corporation Fellow. He also has an MBA degree in management
from MIT's Sloan School, where he studied innovation processes,
technology marketing and entrepreneurship as an Alfred P. Sloan Fellow.
The terms of his employment by Dynasil include an annual salary of
$135,000, eligibility for a bonus payout of 20% of annual salary per
fiscal year based on achievement of specified goals, and a
signing/retention bonus in the form of stock options for 25,000 Dynasil
shares at an exercise price 33% above market value as of the hire date,
which will vest two years from the hire date with a three year term. He
also receives other benefits and is entitled to participate in other
benefit programs customarily offered to Dynasil employees.
Section 9 - Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits.
EXHIBIT INDEX
(c) Exhibits
None
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.
DYNASIL CORPORATION OF AMERICA
(Registrant)
Date: By: Craig T. Dunham
President
Dynasil Corp of America (CE) (USOTC:DYSL)
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