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SPINE PAIN MANAGEMENT, INC FILES (8-K) Disclosing Change in Directors or Principal Officers, Financial Statements and Exhibits(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 18, 2014, we entered into a new employment agreement with our President and Chief Executive Officer, William F. Donovan, M.D. The agreement has a three year term and provides that we will pay Dr. Donovan an annual base salary of $120,000. The agreement also provides that we may grant Dr. Donovan performance bonuses from time to time at the discretion of the Board of Directors. The agreement has a confidentiality provision and provides that Dr. Donovan cannot compete with us for a period upon termination of the agreement. A copy of the employment agreement is included with this current report as Exhibit 10.1. Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Employment Agreement -------------------------------------------------------------------------------- |