0001096906-16-001445.txt : 20160309 0001096906-16-001445.hdr.sgml : 20160309 20160309171236 ACCESSION NUMBER: 0001096906-16-001445 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20160302 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20160309 DATE AS OF CHANGE: 20160309 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DYNATRONICS CORP CENTRAL INDEX KEY: 0000720875 STANDARD INDUSTRIAL CLASSIFICATION: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845] IRS NUMBER: 870398434 STATE OF INCORPORATION: UT FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-12697 FILM NUMBER: 161495317 BUSINESS ADDRESS: STREET 1: 7030 PARK CENTRE DRIVE STREET 2: BLDG D CITY: SALT LAKE CITY STATE: UT ZIP: 84121 BUSINESS PHONE: 8015687000 MAIL ADDRESS: STREET 1: 7030 PARK CENTER DR CITY: SALT LAKE CITY STATE: UT ZIP: 84121 FORMER COMPANY: FORMER CONFORMED NAME: DYNATRONICS LASER CORP DATE OF NAME CHANGE: 19920703 8-K 1 dynatronics8k.htm DYNATRONICS CORPORATION 8K 2016-03-02

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 
Date of Report (Date of earliest event reported): March 2, 2016
 
DYNATRONICS CORPORATION
(Exact name of registrant as specified in its charter)
 
Utah
0-12697
87-0398434
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification Number)
                                                          
7030 Park Centre Dr., Salt Lake City, Utah
84121
(Address of principal executive offices)
    (Zip Code)
 
Registrant's telephone number, including area code: (801) 568-7000
 
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:
 
    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 2, 2016, Dynatronics Corporation issued a press release to report the hiring of Thomas J. Gephart as Senior Vice President of Sales, reporting to the Company's CEO, Kelvyn H. Cullimore, Jr.

At the time of his appointment, Mr. Gephart had been serving as Director of Sales and Marketing at Gebauer Company since June 2014.  Prior to joining Gebauer, Mr. Gephart was two years at Zimmer MedizineSystems as Director of Sales and Marketing, two years at PolyGel, LLC as Vice President of Dealer Sales and as a consultant, and more than nine years at DJO/Chattanooga Brand as Vice President of Sales.  He has a Bachelor of Science degree from Erskine College, South Carolina, and a Masters in Business Administration degree from Columbia Southern University, Alabama.

Item 9.01 Financial Statements and Exhibits

A copy of the press release of the Company announcing its hiring of Thomas J. Gephart.

99.1
Press Release dated March 2, 2016.

SIGNATURES
 
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.
 
DYNATRONICS CORPORATION
 
 
 
 
By:  /s/ Kelvyn H. Cullimore, Jr.
 
Kelvyn H. Cullimore, Jr.
 
Chairman and President
 
 
 
 
Date:  March 7, 2016





EX-99.1 2 exh991.htm PRESS RELEASE DATED MARCH 2, 2016.
Exhibit 99.1

NEWS RELEASE

Dynatronics Strengthens Sales Organization Leadership
Industry Veteran Jeff Gephart Appointed Senior Vice President of Sales

Cottonwood Heights, UT— March 2, 2016 - Dynatronics Corporation (NASDAQ: DYNT), a manufacturer and distributor of advanced-technology medical devices and rehabilitation equipment for the physical therapy, sports medicine and related markets, announced the hiring of Thomas J. (Jeff) Gephart to fill the company's new position of Senior Vice President of Sales.  Mr. Gephart will join the company's strategic management team and will report directly to CEO, Kelvyn Cullimore Jr.
 "Jeff joins Dynatronics with extensive sales management experience from within our industry," stated Kelvyn H. Cullimore Jr., chairman and CEO of Dynatronics. "He began his professional career as a certified athletic trainer and worked at Davidson College and Georgetown University.  He then moved into sales, where he worked for TheraQuip in Greensboro, North Carolina as a sales representative and sales manager for over 10 years. Notably, Jeff then spent almost a decade as Vice President of Sales for Chattanooga Group, managing their extensive sales network. Subsequently, he worked as Director of Sales and Marketing in the US market for Zimmer MedizinSystems, a German manufacturer of rehabilitation products and, most recently, as Director of Sales and Marketing for Gebauer Corporation, where he supervised sales, marketing and customer service for their worldwide operations."

 "Since Prettybrook Partners and its affiliates invested in Dynatronics last summer, we have reviewed our existing sales organization and determined that creating this new position was a key element to achieving our objective of significant revenue growth. Jeff brings to the Company both market expertise and significant experience in building sales organizations. He will report directly to me and be responsible for leading our direct sales force and for expanding our dealer relationships across the US and internationally. He will also work closely with our marketing and product development departments to ensure that Dynatronics continues to introduce innovative products to the rehabilitation and athletic training markets we address. Enhancing our sales network is critical for our success and we are confident that Jeff will help make that happen," concluded Cullimore.

"The Dynatronics name and its innovative and leading products are well-regarded throughout the industry and I am excited to join the Dynatronics management team to help achieve the growth objectives the company has outlined," commented Mr. Gephart.  "I plan on leveraging my industry knowledge, skill set and relationships to ensure we execute our growth plans."
About Dynatronics Corporation:
Dynatronics manufactures, markets and sells advanced-technology medical devices, orthopedic soft goods and supplies, treatment tables and rehabilitation equipment for the physical therapy, sports medicine, chiropractic, and podiatry markets. More information regarding Dynatronics is available at www.dynatronics.com.
Safe Harbor Notification
This press release contains forward-looking statements. Those statements include references to the company's expectations and similar statements. Forward-looking statements in this press release include statements regarding expansion into new markets.  Actual results may vary from the views expressed in the forward-looking statements contained in this release. The development and sale of the company's products are subject to a number of risks and uncertainties, including, but not limited to, changes in the regulatory environment, competitive factors, inventory risks due to shifts in market demand, market demand for the company's products, availability of financing at cost-effective rates, and the risk factors listed from time to time in the company's SEC reports.
Contacts
Dynatronics Corporation
EVC Group
Bob Cardon
Chris Dailey/Michael Polyviou
800-874-6251 or 801-568-7000
646-445-4800
bobc@dynatronics.com
cdailey@evcgroup.com / mpolyviou@evcgroup.com
 
 
 

 

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