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EX-10.1 - EXHIBIT 10.1 EMPLOYMENT AGREEMENT - CYNERGISTEK, INC | auxex01122010.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 Report (Date of earliest event reported): January 8, 2010
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AUXILIO,
INC.
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(Exact
name of registrant as specified in its
charter)
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Nevada
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(State
or other jurisdiction of
incorporation)
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000-27507
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88-0350448
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(Commission
File Number)
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(I.R.S.
Employer Identification No.)
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27401 Los Altos, Suite
100, Mission Viejo,
California 92691
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(Address
of principal executive offices)
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(949)
614-0700
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(Registrant’s
telephone number, including area
code)
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N/A
(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:
¨
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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¨
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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¨
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
5.02.
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Departure
of Directors or Principal Officers; Election of Directors; Appointment of
Principal Officers.
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Appointment
of Ms. Sasha Gala
Effective
January 1, 2010, the Company entered into a new employment agreement with Sasha
Gala to the serve as Senior Vice President and Chief Operating Officer, or COO.
As COO Ms. Gala will continue to report to the Chief Executive Officer and will
be responsible for developing and directing the management of Auxilio’s customer
base and operations staff. She was originally appointed to the position of COO
in June, 2009. Ms. Gala is 31.
The
employment agreement has a term of two years, and provides for an annual base
salary of $159,500. Ms. Gala will also receive the customary employee
benefits paid by the Company. Ms. Gala shall also be entitled to
receive a bonus of up to $40,000 per year, the achievement of which is based on
the following personal and Company related performance metrics:
1. 5%
of the bonus will be based on the Company achieving its goals for the closing of
new contracts
2. 50%
of the bonus will be tied to existing accounts achieving direct margin
targets
3. 20%
of the bonus will be tied to the renewal of the accounts in Ms. Gala’s
territories
4. 25%
of the bonus will be tied to successfully completing agreed upon corporate
operational initiatives.
In
addition, Ms. Gala is eligible to receive additional compensation upon the
renewals of accounts within her territory equal to approximately 5% of average
monthly billings.
The
Company may terminate Ms. Gala’s employment under this agreement without cause
at any time on thirty days advance written notice, at which time Ms. Gala would
receive severance pay for three months.
There is
no currently proposed transaction, and since the beginning of fiscal year 2008
there has not been any transaction involving the Company and Ms. Gala which was
a related person transaction within the meaning of Item 404(a) of Regulation
S-K.
The
foregoing summary of Ms. Gala’s employment agreement is not complete and is
qualified in its entirety by reference to the full text of the employment
agreement, which is filed hereto as Exhibit 10.1, and incorporated herein by
reference.
Item 9.01 Financial Statements
and Exhibits
(c)
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Exhibits
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10.1
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Employment
Agreement dated January 8, 2010 and effective as of January 1, 2010, by
and between Auxilio, Inc. and Sasha
Gala
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
AUXILIO,
INC.
Date: January
12, 2010
By: /s/ Paul T.
Anthony
Name: Paul
T. Anthony
Title: Chief
Financial Officer
Principal
Financial Officer
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Exhibits
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10.1
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Employment
Agreement dated January 8, 2010 and effective as of January 1, 2010, by
and between Auxilio, Inc. and Sasha
Gala
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