<SEC-DOCUMENT>0001553350-19-000277.txt : 20190328
<SEC-HEADER>0001553350-19-000277.hdr.sgml : 20190328
<ACCEPTANCE-DATETIME>20190328160040
ACCESSION NUMBER:		0001553350-19-000277
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20190325
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
FILED AS OF DATE:		20190328
DATE AS OF CHANGE:		20190328

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PRO DEX INC
		CENTRAL INDEX KEY:			0000788920
		STANDARD INDUSTRIAL CLASSIFICATION:	SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-14942
		FILM NUMBER:		19711893

	BUSINESS ADDRESS:	
		STREET 1:		2361 MCGAW AVENUE
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92614
		BUSINESS PHONE:		949-769-3231

	MAIL ADDRESS:	
		STREET 1:		2361 MCGAW AVENUE
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92614

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PRO-DEX, INC.
		DATE OF NAME CHANGE:	20151110

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CONTEXT CAPITAL FUNDS
		DATE OF NAME CHANGE:	20151104

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PRO DEX INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>pdex_8k.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
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<TITLE>Current Report</TITLE>
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<A NAME="eolPage1"></A><A NAME="V242690_8K_HTM"></A><A NAME="V242690_8K_HTM_EOLPAGE1"></A><A NAME="FIS_TOP_OF_DOCUMENT"></A><A NAME="V242690_8K_HTM_V241347_8K_HTM"></A><A NAME="FIS_FORM"></A><A NAME="FIS_UNIDENTIFIED_TABLE"></A><P style="margin:0px">&nbsp;</P>
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<P style="margin:0px; font-size:12pt" align=center><B>UNITED STATES</B></P>
<P style="margin:0px; font-size:12pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0px" align=center><B>Washington, D.C. 20549</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:12pt" align=center><B>FORM 8-K</B></P>
<P style="margin:0px" align=center>&nbsp;</P>
<P style="margin:0px" align=center><B>CURRENT REPORT</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B></P>
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<P style="margin:0px" align=center>Date of Report (Date of earliest event reported): <B>March 25, 2019</B></P>
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<P style="margin:0px; font-size:16pt" align=center><B>PRO-DEX, INC.</B></P>
<P style="margin:0px; font-size:8pt" align=center><I>(Exact name of registrant as specified in charter)</I></P>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=214.4 /><TD width=214.467 /><TD width=214.333 /></TR>
<TR><TD style="margin-top:0px" valign=top width=214.4><P style="margin:0px; padding-right:2.133px" align=center><B>Colorado</B></P>
</TD><TD style="margin-top:0px" valign=top width=214.467><P style="margin:0px; padding-right:2.133px" align=center><B>0-14942</B></P>
</TD><TD style="margin-top:0px" valign=top width=214.333><P style="margin:0px; padding-right:2.133px" align=center><B>84-1261240</B></P>
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<TR><TD style="margin-top:0px" valign=top width=214.4><P style="margin:0px; padding-right:2.133px; font-size:8pt" align=center><I>(State or other jurisdiction of incorporation)</I></P>
</TD><TD style="margin-top:0px" valign=top width=214.467><P style="margin:0px; padding-right:2.133px; font-size:8pt" align=center><I>(Commission File Number)</I></P>
</TD><TD style="margin-top:0px" valign=top width=214.333><P style="margin:0px; padding-right:2.133px; font-size:8pt" align=center><I>(IRS Employer Identification Number)</I></P>
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<P style="margin:0px; font-family:Times,Times New Roman" align=center><B>2361 McGaw Avenue</B></P>
<P style="margin:0px; font-family:Times,Times New Roman" align=center><B>Irvine, California 92614</B></P>
<P style="margin:0px; font-size:8pt" align=center><I>(Address of principal executive offices, zip code)</I></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>(949) 769-3200</B></P>
<P style="margin:0px; font-size:8pt" align=center><I>(Registrant&#146;s telephone number including area code)</I></P>
<P style="margin:0px" align=center>&nbsp;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">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:</P>
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<TR><TD style="margin-top:0px" valign=top width=44.133><P style="margin:0px; padding-right:1.067px; font-family:Wingdings">&#168;</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
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<TR><TD style="margin-top:0px" valign=top width=44.133><P style="margin:0px; padding-right:1.067px; font-family:Wingdings">&#168;</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
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<TR><TD style="margin-top:0px" valign=top width=44.267><P style="margin:0px; padding-right:2.133px; font-family:Wingdings">&#168;</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:2.133px">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
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<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD width=44.267 /><TD /></TR>
<TR><TD style="margin-top:0px" valign=top width=44.267><P style="margin:0px; padding-right:2.133px; font-family:Wingdings">&#168;</P>
</TD><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:2.133px">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
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<P style="margin:0px">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</P>
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<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=319.067 /><TD width=319.333 /></TR>
<TR><TD style="margin-top:0px" valign=top width=319.067><P style="margin:0px" align=justify>Emerging growth company &nbsp;<FONT style="font-family:Wingdings">&#168;</FONT></P>
</TD><TD style="margin-top:0px" valign=top width=319.333><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
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<P style="line-height:6pt; margin:0px"><BR></P>
<P style="margin:0px">If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.&nbsp;<FONT style="font-family:Wingdings">&#168;</FONT></P>
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<P style="margin-top:0px; margin-bottom:-2px; width:72px; float:left"><B>Item&nbsp;5.02 </B></P>
<P style="margin:0px; padding-left:72px; text-indent:-2px"><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</B></P>
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<A NAME="_Hlk4571483"></A><P style="margin:0px" align=justify><I><U>Fiscal 2019 Bonus for Chief Executive Officer </U></I></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:48px" align=justify>On March 25, 2019, the Compensation Committee of the Board of Directors of Pro-Dex, Inc. (&#147;Pro-Dex&#148; or the &#147;Company&#148;) approved a fiscal 2019 bonus plan for Richard L. Van Kirk, the Company&#146;s Chief Executive Officer. The amount of the bonus will be based upon improvements to gross margin for specific customers as measured at the end of fiscal 2019 as compared to fiscal 2018, up to a maximum bonus amount of $140,000. The bonus will be calculated by the Company and paid to Mr. Van Kirk in cash as soon as reasonably possible after the close of fiscal 2019. Mr. Van Kirk&#146;s employment with the Company continues on an at-will basis on the terms previously disclosed.</P>
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<P style="margin:0px" align=center><B>SIGNATURES</B></P>
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<P style="margin:0px; text-indent:48px" align=justify>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.</P>
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<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD /><TD width=34.6 /><TD width=232.6 /></TR>
<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:2.133px">Date:&nbsp;&nbsp;March 28, 2019</P>
</TD><TD style="margin-top:0px" valign=top width=267.2 colspan=2><P style="margin:0px; padding-right:4.8px"><B>Pro-Dex, Inc. </B></P>
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<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=267.2 colspan=2><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
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</TD><TD style="margin-top:0px" valign=top width=34.6><P style="margin:0px; padding-right:2.133px">By:</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=232.6><P style="margin:0px; padding-right:3.133px">/s/ Alisha K. Charlton</P>
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<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=34.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=232.6><P style="margin:0px; padding-right:3.133px">Alisha K. Charlton</P>
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<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=34.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=232.6><P style="margin:0px; padding-right:4.8px">Chief Financial Officer </P>
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