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PERMA FIX ENVIRONMENTAL SERVICES INC FILES (8-K) Disclosing Change in Directors or Principal Officers, Other Events, Financial Statements and Exhibits
[October 23, 2014]

PERMA FIX ENVIRONMENTAL SERVICES INC FILES (8-K) Disclosing Change in Directors or Principal Officers, Other Events, 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.

Consulting Agreement On October 17, 2014, the Company's Compensation and Stock Option Committee ("Compensation Committee") and the Board of Directors ("Board") approved a consulting agreement with John Climaco (a director of the Company), with Mr.



Climaco abstaining. The Company and Mr. Climaco entered into the consulting agreement on October 17, 2014. Mr. Climaco is also is a member of the Strategic Advisory Committee of the Board of Directors.

Pursuant to the consulting agreement, the services to be provided by the Consultant shall include, among other things, the following: ? Review the Company's operations to restructure costs to render the Company more competitive; ? Evaluate all functions, including but not limited to sales, marketing, accounting, operations, and executive management as well as cost structures for each facility; ? Assist in the development of the Company's strategy opportunity and other initiatives, including but not limited to the development of the Company's medical isotope technology; and ? Other assignments as determined by the Board.


The Consultant shall be paid $22,000 per month plus reasonable expenses. The agreement shall continue unless terminated by either party for any reason or no reason by providing thirty (30) days written notice to the other party.

The Consultant shall remain on the Company's Board of Director until the expiration of the term.

The summaries of the terms of the Consulting Agreement, set forth above are qualified in their entirety by reference to the full text of the consulting agreement, which is attached hereto as Exhibits 10.1and incorporated herein by reference.

Item 8.01 - Other Events Item 5.02 of this report contains a discussion of a consulting agreement with John Climaco, a director of the Company, and is incorporated herein by reference.

Item 9.01 - Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 10.1 Consulting Agreement dated October 17, 2014 between Perma-Fix Environmental Services, Inc. and John M. Climaco.

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