DHI Group, Inc. (NYSE:DHX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
ITEM 5.02.
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DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF
DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. |
31, 2017, Shravan Goli ceased to be the President of the
Brightmatter division and his employment with the Company
terminated.
the Company, Dice, Inc. and Mr. Goli have entered into a
separation agreement, dated as of June 16, 2017 (the Separation
Agreement) and the Separation Agreement became effective and
irrevocable as of June 27, 2017.
which includes a release of claims against the Company, Mr. Goli
will be entitled to certain payments and benefits, including the
following: (i) a lump sum payment equal to $455,000, payable in
July 2017; (ii) a pro rata bonus of $65,000, payable in 2018; and
(iii) reimbursement for the cost of health insurance continuation
coverage under the Consolidated Omnibus Budget Reconciliation Act
of 1985 premiums for 12 months, in excess of the cost of such
benefits that active employees of the Company Group (as defined
in the Separation Agreement) are required to pay.
(12) months from directly or indirectly soliciting employees of
the Company.
whereby he is generally prohibited from using or disclosing the
Companys proprietary information, technical data, trade secrets,
and know-how, including, without limitation, research, product
plans, customer lists, customer preferences, marketing plans and
strategies, software, development, inventions, discoveries,
processes, ideas, formulas, algorithms, technology, designs,
drawings, business strategies and financial data and information,
and Company inventions (including, but not limited to,
copyrightable expression, research, plans for products or
services, marketing plans, computer software (including, without
limitation, source code), computer programs, original works of
authorship, characters, know-how, trade secrets, information,
data, developments, discoveries, improvements, modifications,
technology, algorithms and designs). Mr. Golis post employment
restrictions are set forth on Exhibit A of the Separation
Agreement
be a complete description of the terms thereof and is qualified
in its entirety by reference to the complete text of the
agreement, a copy of which is filed as Exhibit 10.1 to this
Current Report on Form 8-K.
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ITEM 9.01.
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FINANCIAL STATEMENTS AND EXHIBITS.
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Exhibit No.
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Description
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10.1
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Separation Agreement, dated as of June 16, 2017, among
DHI Group, Inc., Dice, Inc. and Shravan Goli. |
DHI GROUP, INC. ExhibitEX-10.1 2 a101separationagreement.htm EXHIBIT 10.1 Exhibit Exhibit 10.1SEPARATION AGREEMENT AND GENERAL RELEASE OF ALL CLAIMSThis Separation Agreement and General Release of all Claims (this “Agreement”) is entered into by and among DHI Group,…To view the full exhibit click here About DHI Group, Inc. (NYSE:DHX)
DHI Group, Inc. formerly Dice Holdings, Inc. is a provider of specialized Websites focused on select professional communities. The Company’s segments include Tech & Clearance, Finance, Energy, Healthcare and Hospitality. Its online communities enable professionals to manage their careers by finding relevant job opportunities and by building their knowledge through original and community-shared content. The Finance segment includes the eFinancialCareers service around the world. The Energy segment includes the Rigzone service, OilCareers service and career fairs. The Healthcare segment includes Health eCareers and BioSpace services. The Hospitality segment includes Hcareers. The Company operates career management services for technology, engineering, security-cleared professionals, as well as career management and information and data services for the energy industry. Its Tech & Clearance segment consists of the Dice, ClearanceJobs and Dice Europe services, as well as career fairs.
