Attached files
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): October 12, 2010
SCIENTIFIC INDUSTRIES, INC.
______________________________________________________
(Exact name of registrant as specified in its charter)
Delaware 000-6658 04-2217279
_______________ _____________ __________________
(State or other (Commission (IRS Employer No.)
jurisdiction of File Number)
incorporation)
70 Orville Drive
Bohemia, New York 11716
_____________________________________________
(Address of principal executive offices)
(631) 567-4700
__________________________________________________
Registrant's telephone number, including area code
Not Applicable
__________________________________________________
(Former name or former address,
if changed since last report)
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On October 1, 2010, Registrant's subsidiary, Altamira Instruments,
Inc.("Altamira") entered into an Employment Agreement with Mr.
Brookman March, President and Director of Sales and Marketing of
Altamira, replacing the agreement dated October 30, 2008. The
principal changes effected by the new agreement are to extend the
employment term to June 30, 2012 at his current salary of $121,900
through November 30, 2010 and $128,000 per annum thereafter.
Bonuses, if any, are payable at the sole and absolute discretion
of the Board of Directors for each of the twelve month periods
ending November 30, 2010 and 2011 and for the seven month period
ending June 30, 2012 giving recognition to the value of his services
and the operating results of Altamira.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(a) and (b) not applicable
(c) Exhibits
Exhibit No. Exhibit
___________ _______
10A-1 Copy of Employment Agreement between Altamira
Instruments, Inc. and Brookman P. March dated
as of October 1, 2010.
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: October 12, 2010
By: /s/ Helena R. Santos
________________________
Helena R. Santos,
President and Chief Executive
Officer