Unassociated Document
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): April 5, 2006
_______________________________________
Netsmart
Technologies, Inc.
(Exact
name of registrant as specified in its charter)
|
Delaware
|
0-21177
|
13-3680154
|
|
(State
or other
jurisdiction
of
incorporation)
|
(Commission
File
Number)
|
(IRS
Employer
Identification
Number)
|
| |
|
|
| 3500
Sunrise Highway, Suite D-122, Great
River, New York |
11739
|
| (Address of principal executive
offices) |
|
(Zip
Code)
|
Registrant's
telephone number including area
code: (631)
968-2000
_____________________________________
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:
9
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
9
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
9
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
(17 CFR 240.14d-2(b))
9
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act
(17 CFR 240.13e-4(c))
Item
1.01. Entry into a Material Definitive Agreement.
On
April
5, 2006, the Registrant entered into an Employment Agreement with Gerald Koop,
the former President of the Registrant and a director, a copy of which is filed
as exhibit 10.1 hereto, the terms of which are incorporated herein by reference.
Pursuant to the Agreement, Mr. Koop will be employed by the Registrant to assist
in developing and managing strategic sales opportunities and will receive a
base
salary of $112,000, be entitled to receive commissions upon any strategic sales
and be eligible to participate in any bonus pool established for the key
management employees. Mr. Koop will also be entitled to receive a car allowance
and medical insurance. The term of the Agreement is one year from April 15,
2006; however the parties may extend the Agreement for successive one year
terms.
Item
9.01 Financial
Statements and Exhibits.
(c) Exhibits
10.1 Employment
Agreement between the Registrant and Gerald Koop dated April 5,
2006
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 thereunto
duly authorized.
| |
|
|
| |
Netsmart
Technologies, Inc. |
|
|
|
| |
By: |
/s/ James
L.
Conway |
| |
James
L. Conway |
| |
Chairman
of the Board and Chief Executive Officer |
Date:
April 6, 2006