ATCO -- Breakthrough in Sound Reproduction Message Board

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Technology Stocks : ATCO -- Breakthrough in Sound Reproduction

ATCO 15.48

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Mar 28 5:00 PM EST

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From: Savant	5/17/2006 9:23:07 AM
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On May 16, 2006, Mr. Alan J. Ballard's service with our company terminated. Mr. Ballard was formerly our Vice President, Government and Military Division. In conjunction with Mr. Ballard's departure, Mr. Ballard's employment arrangement with the company terminated. Mr. Ballard was employed under the terms of a letter agreement dated as of November 21, 2003, as amended. Mr. Ballard's annual base salary at the time of resignation was $145,000, and he participated in bonus, benefit and other incentives at the discretion of the compensation committee of our board of directors. Mr. Ballard's employment was terminable at-will by us or Mr. Ballard for any reason, with or without notice.

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