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EX-10.1 - EX-10.1 - Spine Injury Solutions, Incex10-1.htm


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 Earliest Report Event:  September 18, 2014
 
Spine Pain Management, Inc.
(Exact name of registrant as specified in its charter)
 
Delaware
000-27407
98-0187705
(State Or Other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
 
5225 Katy Freeway
Suite 600
Houston, Texas   77007
(Address of principal executive office) (Postal Code)
 
(713) 521-4220
(Registrant’s telephone number)
 
 
 

 
 
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 
On September 18, 2014, we entered into a new employment agreement with our President and Chief Executive Officer, William F. Donovan, M.D.  The agreement has a three year term and provides that we will pay Dr. Donovan an annual base salary of $120,000. The agreement also provides that we may grant Dr. Donovan performance bonuses from time to time at the discretion of the Board of Directors.  The agreement has a confidentiality provision and provides that Dr. Donovan cannot compete with us for a period upon termination of the agreement.
 
A copy of the employment agreement is included with this current report as Exhibit 10.1.
 
Item 9.01 Financial Statements and Exhibits.
 
(d)    Exhibits
 
Exhibit No.
 
Description
     
10.1
 
  
 
 

 
 
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.
 
 
SPINE PAIN MANAGEMENT, INC.
   
   
 
By: /s/ William F. Donovan
 
William F. Donovan
Date:  September 22, 2014
Chief Executive Officer and President