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SEC Filings

8-K/A
ACETO CORP filed this Form 8-K/A on 10/17/2017
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Exhibit 10.1

 

ACETO Corporation    
4 Tri Harbor Court    
Port Washington, NY 11050   Albert L. Eilender
Tel: (516) 478-9525   Chairman
Fax: (516) 478-9825    
www.aceto.com    

 

Effective as of September 27, 2017

 

Mr. William C. Kennally, III

138 Claremont Drive

Lansdale, PA 19446

 

Dear Bill:

 

I am very pleased to extend this offer to you on behalf of Aceto Corporation (the “Company”), on the terms described below.

 

1.           Title and Date of Employment. Your title will be President and Chief Executive Officer. You will report directly to me, Al Eilender, Chairman of Aceto’s Board of Directors. Your starting date will be Monday, October 2, 2017.

 

2.           Compensation. Your starting annual base salary (“Base Salary”) will be at the rate of six hundred fifty thousand dollars ($650,000.00) gross per annum ($25,000.00 bi-weekly), less applicable taxes and withholdings, paid in accordance with the Company’s normal payroll practices. You will also be eligible to participate in the Company’s Performance Award program with all awards subject to Board of Directors (“Board”) approval. Your Performance Award target will be 100% of your base salary, prorated based on hire date for Fiscal Year 2018 and payable according to the Company’s Performance Award Program. The Performance Award is based on the Company’s performance as well as your individual performance for the relevant year.

 

   
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