![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Aileron Therapeutics Inc | NASDAQ:ALRN | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.02 | -0.72% | 2.75 | 1.14 | 3.08 | 2.89 | 2.60 | 2.73 | 38,326 | 23:58:17 |
New York | 0-14807 | 11-2601199 | ||
(State or other jurisdiction
of incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 1.01 | Entry into a Material Definitive Agreement. |
On September 23, 2010, American Learning Corporation (the Company) entered into the First Amendment to Agreement (the First Amendment) with John Torrens (the Former Majority Shareholder), Kyle Palin Torrens and Carlena Palin Torrens (collectively with the Former Majority Shareholder, the Prior Owners). A Settlement Agreement was previously executed on July 16, 2009 to resolve certain disputes that had arisen among the parties regarding various elements of a Stock Purchase Agreement dated September 12, 2008 pursuant to which the Company purchased all of the outstanding shares of Interactive Therapy Group Consultants, Inc. (ITG) from the Prior Owners. |
This First Amendment modifies the portion of the debt remaining uncollected from the Prior Owners. In settlement of all claims between and among the parties, the Former Majority Shareholder agreed to a modification of his Employment Agreement with ITG and the Company agreed to the forgiveness of $49,342 of the aggregate balance owed by the Prior Owners (the Employment Modification). |
The foregoing descriptions of the First Amendment and the Employment Modification are qualified in their entirety by reference to the provisions of the First Amendment and Employment Modification attached to this report as Exhibits 10.20 and 10.21, respectively. |
Item 5.07 | Submission of Matters to a Vote of Security Holders. |
On September 23, 2010, the Company held its Annual Meeting of Shareholders. At that meeting, shareholders re-elected the four incumbent directors to serve until the next annual meeting of shareholders and until their respective successors have been elected and qualified. |
The following table sets forth the final results of the total shares voted on the election of directors: |
VOTES | ||||||||||||||||
For | Against | Withheld | Broker Non-Votes | |||||||||||||
Gary Gelman
|
3,238,515 | | 22,093 | | ||||||||||||
Edward Elkin
|
3,238,515 | | 22,093 | | ||||||||||||
Peter Gutmann
|
3,238,515 | | 22,093 | | ||||||||||||
Joseph Looney
|
3,238,515 | | 22,093 | |
Item 9.01 | Financial Statements and Exhibits. |
(d) | Exhibits. |
Exhibit 10.20 |
First Amendment to Agreement by and among American Learning
Corporation, John Torrens, Kyle Palin Torrens and Carlena Palin Torrens, dated
as of September 9, 2010.
|
|
Exhibit 10.21 |
First Amendment to Employment Agreement, dated as of September 9,
2010, between Interactive Therapy Group Consultants, Inc. and John Torrens.
|
AMERICAN LEARNING CORPORATION
|
||||
Date: September 24, 2010 | By: | /s/ Gary Gelman | ||
Gary Gelman | ||||
President and Chief Executive Officer | ||||
Exhibit No. | Description | |
Exhibit 10.20 |
First Amendment to Agreement by and among American Learning
Corporation, John Torrens, Kyle Palin Torrens and Carlena
Palin Torrens, dated as of September 9, 2010.
|
|
Exhibit 10.21 |
First Amendment to Employment Agreement, dated as of
September 9, 2010, between Interactive Therapy Group
Consultants, Inc. and John Torrens.
|
1 Year Aileron Therapeutics Chart |
1 Month Aileron Therapeutics Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions