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): September 30, 2011 (September 27, 2011)
DJO Finance LLC
(Exact name of registrant as specified in its charter)
Delaware |
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333-142188 |
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20-5653965 |
(State or other jurisdiction of |
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(Commission File Number) |
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(IRS Employer Identification No.) |
1430 Decision Street
Vista, CA 92081
(Address of principal executive offices, including zip code)
(760) 727-1280
(Registrants telephone number including area code)
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-14(c) under the Exchange Act (17 CFR 240.13e-14(c))
ITEM 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 27, 2011, DJO Global, Inc. (the Company), the parent of DJO Finance LLC, terminated the employment of Andrew Holman, the Companys Executive Vice President, Sales and Marketing, US Commercial Businesses, effective immediately. Mr. Holmans employment was terminated without cause, resulting in vesting of a previously paid retention bonus, the payment of an additional retention bonus and certain restrictive covenant payments in accordance with the terms of retention and severance agreements previously disclosed in the Companys Form 10-K Annual Report for the year ended December 31, 2010. Payment of the restrictive covenant payments is contingent upon Mr. Holmans compliance with a covenant not to compete and covenants not to solicit employees and customers for a one year period and execution of a general release.
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.
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DJO FINANCE LLC | |
Date: September 30, 2011 |
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By: |
/s/ Vickie L. Capps |
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Name: |
Vickie L. Capps |
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Title: |
Executive Vice President and Chief Financial Officer |