Synthesis Energy Systems, Inc. (NASDAQ:SYMX) Files An 8-K Entry into a Material Definitive AgreementItem 1.01
The information in Item 5.02 below is incorporated by reference into this Item 1.01.
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers. |
Effective June 30, 2017, Synthesis Energy Systems, Inc. (the “Company”) entered into a letter agreement with Chris Raczkowski, the Company’s President – Asia, amending the terms of his employment letter with the Company dated December 16, 2016. Under the amendment, the date upon which his severance rights would activate, was extended from July 3, 2017 to January 3, 2018. There were no other changes to the terms of his original employment letter.
| Item 9.01 | Financial Statements and Exhibits. |
Exhibits
+10.1Employment Letter between the Company and Chris Raczkowski dated December 16, 2016 (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on December 20, 2016) .
+*10.2Amendment to Employment Letter between the Company and Chris Raczkowski dated June 30, 2017.
* Filed herewith.
+ Management contract or compensatory plan or arrangement.
SYNTHESIS ENERGY SYSTEMS INC ExhibitEX-10.2 2 exh_102.htm EXHIBIT 10.2 Exhibit 10.2 June 30,…To view the full exhibit click here
About Synthesis Energy Systems, Inc. (NASDAQ:SYMX)
Synthesis Energy Systems, Inc. is a clean energy company that develops, builds and owns clean energy projects. The Company owns gasification technology, which it utilizes to provide technology licenses and equipment to customers in the energy and chemical industries. The Company operates through segments, including SES China, Technology Licensing and Related Services, and Corporate. The SES China segment includes all of the assets and operations and related administrative costs for China, including initial closing costs relating to its joint ventures. The Technology Licensing and Related Services segment includes all of the Company’s operating activities outside of China. The Corporate segment includes the executive and administrative expenses of the corporate office in Houston. The Company offers U-GAS fluidized bed gasification technology, which is known as Synthesis Energy Systems Gasification Technology (SGT).