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MPC 8-K 2008

Documents found in this filing:

  1. 8-K
  2. 8-K

 

 

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

 

July 25, 2008

 Date of Report (Date of earliest event reported)

 

MPC CORPORATION

(Exact Name of Registrant as Specified in Charter)

 

Colorado

 

0-115404

 

84-1577562

(State or Other Jurisdiction
of Incorporation)

 

(Commission File No.)

 

(IRS Employer
Identification No.)

 

906 East Karcher Road, Nampa, ID 83687

(Address of principal executive offices)

 

(208) 893-3434

(Registrant’s telephone number, including are code)

 

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 communication 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-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 1.02      Termination of a Definitive Material Contract

 

On July 25, 2008, MPC Corporation (the “Company”) entered into a Termination Severance and Release Agreement with Ross Ely, the Company’s former Executive Vice President, Marketing and Sales.  Mr. Ely’s Employment Agreement dated October 15, 2007 was terminated.

 

In connection with the termination of his Employment Agreement, Mr. Ely will receive severance of six month’s base pay in a total amount of $120,000, with $40,000 paid on August 8, 2008 and the remaining balance paid in bi-weekly installments over nine pay periods to end on December 12, 2008.  Mr. Ely is also entitled to reimbursement of up to six month’s of COBRA premiums.  Mr. Ely agreed to release all claims against the Company and reconfirmed his obligations with respect to non-competition and treatment of confidential information.

 

2



 

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.

 

 

 

MPC CORPORATION

 

 

 

 

 

 

 

Date: July 31, 2008

By:

/s/ Curtis Akey

 

 

Curtis Akey
Vice President &
Chief Financial Officer

 

3


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