SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-Q/A
(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 1997
-----------------------------------------------
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from to
--------------------- ---------------------
1-14080
(Commission File Number)
Berg Electronics Corp.
(Exact name of Registrant as specified in charter)
Delaware
(State or other jurisdiction of incorporation or organization)
75-2451903
(I.R.S. Employer Identification No.)
101 South Hanley Road
St. Louis, MO 63105
(314) 726-1323
(Address, including zip code, and telephone number, including
area code, of registrant's principal executive offices)
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports) and (2) has been subject to such
filing requirements for the past 90 days.
YES [X] NO [ ]
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date:
<TABLE>
<CAPTION>
Outstanding at
Class April 25, 1997
------------------------------------- --------------
<BTB>
<S> <C>
Common Stock 19,134,537
Class A Common Stock 1,384,291
</TABLE>
<PAGE>
PART II - OTHER INFORMATION
Item 6. EXHIBITS AND REPORTS ON FORM 8-K
(a) Exhibits Filed as Part of this Report
<TABLE>
Exhibit
No. Description of Exhibit
- ------- --------------------------------------------------------
<BTB>
<S> <C>
3.1 Certificate of Elimination of Series B Preferred Stock and
Series D Preferred Stock of Berg Electronics Corp., dated
September 11, 1996.*
3.2 [Item intentionally omitted.]
3.3 Certificate of Incorporation of Berg Electronics Corp. f/k/a
Berg Electronics Group, Inc.; f/k/a Berg Electronics
Holdings Corp.; f/k/a Berg CS Holdings, Inc. together with
amendments thereto.(1)
3.4 Certificate of Amendment to Certificate of Incorporation,
dated February 29, 1996, of Berg Electronics Corp. (2)
3.5 Bylaws of Berg Electronics Corp. (1)
10.1** First Amendment to the Amended and Restated Executive
Employment Agreement, dated as of August 5, 1996, by and
among James N. Mills, Berg Electronics Corp., Berg
Electronics Group, Inc. and certain of its subsidiaries.*
10.2** First Amendment to the Amended and Restated Executive
Employment Agreement, dated as of August 5, 1996, by and
among David M. Sindelar, Berg Electronics Corp., Berg
Electronics Group, Inc. and certain of its subsidiaries.*
10.3** First Amendment to the Amended and Restated Executive
Employment Agreement, dated as of August 5, 1996, by and
among W. Thomas McGhee, Berg Electronics Corp., Berg
Electronics Group, Inc. and certain of its subsidiaries.*
10.4** First Amendment to the Amended and Restated Executive
Employment Agreement, dated as of August 5, 1996, by and
among Larry S. Bacon, Berg Electronics Corp., Berg
Electronics Group, Inc. and certain of its subsidiaries.*
10.5** Amendment to the Amended and Restated Executive Employment
Agreement, dated as of January 1, 1997, by and among Robert
N. Mills, Berg Electronics Corp., Berg Electronics Group,
Inc. and certain of its subsidiaries.*
10.6** Amendment to the Amended and Restated Executive Employment
Agreement, dated as of January 1, 1997, by and among Timothy
L. Conlon, Berg Electronics Corp.and Berg Electronics Group,
Inc.*
11.0 Computation of Net Earnings (Loss) Per Share. (3)
<FN>
(1) Filed previously as an exhibit to the Registration Statement of Berg
Electronics Corp. on Form S-1, Registration No. 33-98240, and
incorporated by reference herein.
(2) Filed previously as an exhibit to the Berg Electronics Corp. Form 10-K
for the fiscal year ended December 31, 1995, and incorporated by
reference herein.
(3) Filed previously as an exhibit to the Berg Electronics Corp. Form 10-Q
for the quarter ended March 31, 1997, and incorporated by reference
herein.
* Filed herewith.
** Indicates a management contract or compensatory plan or arrangement.
</FN>
</TABLE>
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BERG ELECTRONICS CORP.
Dated: May 15, 1997 By: /s/ JOSEPH S. CATANZARO
-------------------------------
Name: Joseph S. Catanzaro
Title: Chief Accounting Officer
<PAGE>
<TABLE>
<CAPTION>
Exhibit
No. Description of Exhibit
- ------- --------------------------------------------------------
<BTB>
<S> <C>
3.1 Certificate of Elimination of Series B Preferred Stock and
Series D Preferred Stock of Berg Electronics Corp., dated
September 11, 1996.*
3.2 [Item intentionally omitted.]
3.3 Certificate of Incorporation of Berg Electronics Corp. f/k/a
Berg Electronics Group, Inc.; f/k/a Berg Electronics
Holdings Corp.; f/k/a Berg CS Holdings, Inc. together with
amendments thereto.(1)
3.4 Certificate of Amendment to Certificate of Incorporation,
dated February 29, 1996, of Berg Electronics Corp. (2)
3.5 Bylaws of Berg Electronics Corp. (1)
10.1** First Amendment to the Amended and Restated Executive
Employment Agreement, dated as of August 5, 1996, by and
among James N. Mills, Berg Electronics Corp., Berg
Electronics Group, Inc. and certain of its subsidiaries.*
10.2** First Amendment to the Amended and Restated Executive
Employment Agreement, dated as of August 5, 1996, by and
among David M. Sindelar, Berg Electronics Corp., Berg
Electronics Group, Inc. and certain of its subsidiaries.*
10.3** First Amendment to the Amended and Restated Executive
Employment Agreement, dated as of August 5, 1996, by and
among W. Thomas McGhee, Berg Electronics Corp., Berg
Electronics Group, Inc. and certain of its subsidiaries.*
10.4** First Amendment to the Amended and Restated Executive
Employment Agreement, dated as of August 5, 1996, by and
among Larry S. Bacon, Berg Electronics Corp., Berg
Electronics Group, Inc. and certain of its subsidiaries.*
10.5** Amendment to the Amended and Restated Executive Employment
Agreement, dated as of January 1, 1997, by and among Robert
N. Mills, Berg Electronics Corp., Berg Electronics Group,
Inc. and certain of its subsidiaries.*
10.6** Amendment to the Amended and Restated Executive Employment
Agreement, dated as of January 1, 1997, by and among Timothy
L. Conlon, Berg Electronics Corp.and Berg Electronics Group,
Inc.*
11.0 Computation of Net Earnings (Loss) Per Share.(3)
<FN>
(1) Filed previously as an exhibit to the Registration Statement of Berg
Electronics Corp. on Form S-1, Registration No. 33-98240, and
incorporated by reference herein.
(2) Filed previously as an exhibit to the Berg Electronics Corp. Form 10-K
for the fiscal year ended December 31, 1995, and incorporated by
reference herein.
(3) Filed previously as an exhibit to the Berg Electronics Corp. Form 10-Q
for the quarter ended March 31, 1997, and incorporated by reference
herein.
* Filed herewith.
** Indicates a management contract or compensatory plan or arrangement.
</FN>
</TABLE>
<PAGE>
EXHIBIT 3.1
CERTIFICATE OF ELIMINATION
OF
SERIES B PREFERRED STOCK AND SERIES D PREFERRED STOCK
OF
BERG ELECTRONICS CORP.
(Pursuant to Section 151(g) of the
General Corporation Law of the State of Delaware)
Berg Electronics Corp., a Delaware corporation (the "Corporation"),
pursuant to the provisions of Section 151(g) of the Delaware General
Corporation Law (the "DGCL"), does hereby make this Certificate of Elimination
and certify that pursuant to the authority expressly vested in the Board of
Directors of the Corporation by the Amended Certificate of Incorporation, as
amended (the "Certificate of Incorporation"), the Board of Directors of the
Corporation, by unanimous written consent dated August 31, 1996, duly approved
and adopted the following resolutions:
WHEREAS, pursuant to Article FOURTH of the Certificate of Incorporation
(which authorizes 28,500,000 shares of Preferred Stock, $.01 par value), the
Corporation filed (i) a Certificate of Designations of the Corporation dated
February 26, 1993, as amended by the Certificate of Amendment of the
Corporation dated April 27, 1993,respecting 5,000,000 shares (of which
2,029,188 have been issued and subsequently reacquired by the Corporation) of
Series B Preferred Stock (the "Series B Preferred") and (ii) a Certificate of
Designations dated April 28, 1993, as amended by the Certificate of Decrease
of the Corporation dated September 27, 1993, respecting 7,000,000 shares (of
which 2,278,809 shares have been issued and subsequently reacquired by the
Corporation) of Series D Preferred Stock (the "Series D Preferred").
NOW, THEREFORE, BE IT RESOLVED, that none of the authorized shares of
Series B Preferred and none of the authorized shares of Series D Preferred are
outstanding and none of the authorized shares of Series B Preferred and none
of the authorized shares of Series D Preferred will be issued subject to the
Certificate of Designations of the Corporation dated February 26, 1993, as
amended by the Certificate of Amendment of the Corporation dated April 27,
1993 (the "Series B Certificate of Designations") and the Certificate of
Designations dated April 28, 1993, as amended by the Certificate of Decrease
of the Corporation dated September 27, 1993 (the "Series D Certificate of
Designations"), respectively; and
FURTHER RESOLVED, that the President, any Vice President and the
Secretary of the Corporation, any one of whom may act without the joinder of
any of the others, are hereby authorized, empowered and directed to file with
the Secretary of State of the State of Delaware a certificate pursuant to
Section 151(g) of the DGCL, in the name and on behalf of the Corporation,
setting forth these resolutions to eliminate from the Corporation's
Certificate of Incorporation all matters set forth in the Series B Certificate
of Designations and the Series D Certificate of Designations with respect to
the Series B Preferred and the Series D Preferred, respectively.
(REMAINDER OF PAGE INTENTIONALLY LEFT BLANK)
<PAGE>
IN WITNESS WHEREOF, Berg Electronics Corp. has caused this Certificate of
Elimination to be signed on behalf of the Corporation by David M. Sindelar, as
Senior Vice President and Chief Financial Officer, this 11th day of September,
1996.
BERG ELECTRONICS CORP.
/s/ DAVID M. SINDELAR
________________________________
David M. Sindelar
Senior Vice President and
Chief Financial Officer
<PAGE>
EXHIBIT 10.1
FIRST AMENDMENT TO THE
AMENDED AND RESTATED
EXECUTIVE EMPLOYMENT AGREEMENT
------------------------------
This First Amendment (the "Amendment") is made and entered into as of the
5th day of August, 1996 and amends that certain Amended and Restated Executive
Employment Agreement made and entered into as of February 1, 1996 (the
"Agreement") by and among Berg Electronics Corp. ("Berg"); Berg Electronics
Group, Inc.; Harbor Electronics, Inc.; Berg Employment Company; Specialty
Connector Company; Socket Express, Inc.; Berg Technology, Inc.; Berg Holdings
U.S., Inc.; Berg Electronics Korea Ltd.; Berg Electronics B.V.; Berg
Electronics Manufacturing B.V.; Berg Electronics Distributor B.V.; Berg
Connector Systems S.L.; Berg Connector Systems GmbH; Bergtronics, O.y.; Berg
Electronics, s.r.l.; Berg Electronics Canada, Inc.; Berg Electronics Hong Kong
Limited; Berg Electronics Singapore PTE Ltd.; Berg Electronics S.A. (France);
CBOS Electronics, A.B.; Berg Electronics, S.A. (Switzerland); Connector
Systems Limited; TVS Berg Ltd.; Berg Electronics Taiwan Ltd.; Berg Electronics
Japan K.K.; Berg Electronics Engineering, K.K.; Berg Electronics China Ltd.;
Berg Electronics Nantong, Ltd.; Connector Systems (U.S.) Inc.; and Connector
Systems Technology, N.V. (all, including Berg, collectively called
"Employer"), and James N. Mills ("Employee").
W I T N E S S E T H :
WHEREAS, Employer and Employee previously entered into the Agreement
dated as of February 1, 1996; and
WHEREAS, Employer and Employee desire to amend the terms of the Agreement
as set forth herein.
NOW, THEREFORE, Employee and Employer, in consideration of the
agreements, covenants and conditions herein, hereby agree that the Agreement
is hereby amended as follows:
I. Section 2(b) entitled Bonus is hereby deleted in its entirety and the
following provision is inserted in lieu thereof:
(b) Bonus. During the Employment Period, Employee shall be eligible
to receive an annual bonus (payable by the Employer) based upon Berg achieving
certain earnings per share objectives based on Berg's consolidated fiscal year
results. This bonus shall be payable in cash incentive awards (and
restrictive stock if certain levels are achieved) to Employee to the extent
that actual consolidated earnings per share results meet or exceed certain
target performance levels which shall be established by the Compensation and
Stock Option Committee (the "Committee") of the Board of Directors in
accordance with the Compensation Policy adopted by the Committee as of the 5th
day of August, 1996, and as amended from time to time. To the extent that
Berg attains or exceeds a targeted performance level, Employee is entitled to
receive a cash incentive award (and an award of restrictive stock for
achieving results at or above an exceptional level of earnings per share
performance). Such bonuses are based upon the performance level as
established from time to time by the Committee. However, in addition, an
exceptional earnings per share performance may produce an exceptional short
term incentive pay out at the option of the Committee.
Other than the above deletion and replacement, the Agreement shall remain
in full force and effect and unamended.
IN WITNESS WHEREOF, the parties have executed this Amendment to the
Agreement as of the date first above written.
EMPLOYER: EMPLOYEE:
BERG ELECTRONICS CORP.
By: /s/ DAVID M. SINDELAR By: /s/ JAMES N. MILLS
---------------------------------- -------------------------------
David M. Sindelar, Vice President James N. Mills
BERG ELECTRONICS GROUP, INC.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
HARBOR ELECTRONICS, INC.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG EMPLOYMENT COMPANY
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
SPECIALTY CONNECTOR COMPANY
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
SOCKET EXPRESS, INC.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG TECHNOLOGY, INC.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG HOLDINGS U.S., INC.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS KOREA LTD.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS B.V.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS MANUFACTURING B.V.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS DISTRIBUTOR B.V.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG CONNECTOR SYSTEMS S.L.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG CONNECTOR SYSTEMS GMBH
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERGTRONICS O.Y.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS S.R.L.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS CANADA, INC.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS HONG KONG LIMITED
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS SINGAPORE PTE LTD.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS S.A. (France)
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
CBOS ELECTRONICS, A.B.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS, S.A. (Switzerland)
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
CONNECTOR SYSTEMS LIMITED
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
TVS BERG LTD.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS TAIWAN LTD.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS JAPAN K.K.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS ENGINEERING, K.K.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS CHINA LTD.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS NANTONG, LTD.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
CONNECTOR SYSTEMS (U.S.), INC.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
CONNECTOR SYSTEMS TECHNOLOGY, N.V.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
<PAGE>
EXHIBIT 10.2
FIRST AMENDMENT TO THE
AMENDED AND RESTATED
EXECUTIVE EMPLOYMENT AGREEMENT
------------------------------
This First Amendment (the "Amendment") is made and entered into as of the
5th day of August, 1996 and amends that certain Amended and Restated Executive
Employment Agreement made and entered into as of February 1, 1996 (the
"Agreement") by and among Berg Electronics Corp. ("Berg"); Berg Electronics
Group, Inc.; Harbor Electronics, Inc.; Berg Employment Company; Specialty
Connector Company; Socket Express, Inc.; Berg Technology, Inc.; Berg Holdings
U.S., Inc.; Berg Electronics Korea Ltd.; Berg Electronics B.V.; Berg
Electronics Manufacturing B.V.; Berg Electronics Distributor B.V.; Berg
Connector Systems S.L.; Berg Connector Systems GmbH; Bergtronics, O.y.; Berg
Electronics, s.r.l.; Berg Electronics Canada, Inc.; Berg Electronics Hong Kong
Limited; Berg Electronics Singapore PTE Ltd.; Berg Electronics S.A. (France);
CBOS Electronics, A.B.; Berg Electronics, S.A. (Switzerland); Connector
Systems Limited; TVS Berg Ltd.; Berg Electronics Taiwan Ltd.; Berg Electronics
Japan K.K.; Berg Electronics Engineering, K.K.; Berg Electronics China Ltd.;
Berg Electronics Nantong, Ltd.; Connector Systems (U.S.) Inc.; and Connector
Systems Technology, N.V. (all, including Berg, collectively called
"Employer"), and David M. Sindelar ("Employee").
W I T N E S S E T H :
WHEREAS, Employer and Employee previously entered into the Agreement
dated as of February 1, 1996; and
WHEREAS, Employer and Employee desire to amend the terms of the Agreement
as set forth herein.
NOW, THEREFORE, Employee and Employer, in consideration of the
agreements, covenants and conditions herein, hereby agree that the Agreement
is hereby amended as follows:
I. Section 2(b) entitled Bonus is hereby deleted in its entirety and
the following provision is inserted in lieu thereof:
b) Bonus. During the Employment Period, Employee shall be eligible
to receive an annual bonus (payable by the Employer) based upon Berg achieving
certain earnings per share objectives based on Berg's consolidated fiscal year
results. This bonus shall be payable in cash incentive awards (and
restrictive stock if certain levels are achieved) to Employee to the extent
that actual consolidated earnings per share results meet or exceed certain
target performance levels which shall be established by the Compensation and
Stock Option Committee (the "Committee") of the Board of Directors in
accordance with the Compensation Policy adopted by the Committee as of the 5th
day of August, 1996, and as amended from time to time. To the extent that
Berg attains or exceeds a targeted performance level, Employee is entitled to
receive a cash incentive award (and an award of restrictive stock for
achieving results at or above an exceptional level of earnings per share
performance). Such bonuses are based upon the performance level as
established from time to time by the Committee. However, in addition, an
exceptional earnings per share performance may produce an exceptional short
term incentive pay out at the option of the Committee.
Other than the above deletion and replacement, the Agreement shall remain
in full force and effect and unamended.
<PAGE>
IN WITNESS WHEREOF, the parties have executed this Amendment to the
Agreement as of the date first above written.
EMPLOYER: EMPLOYEE:
BERG ELECTRONICS CORP.
By: /s/ JAMES N. MILLS By: /s/ DAVID M. SINDELAR
---------------------------------- -------------------------------
James N. Mills, Chairman David M. Sindelar
BERG ELECTRONICS GROUP, INC.
By: /s/ JAMES N. MILLS
----------------------------------
James N. Mills, Chairman
HARBOR ELECTRONICS, INC.
By: /s/ JAMES N. MILLS
----------------------------------
James N. Mills, Chairman
BERG EMPLOYMENT COMPANY
By: /s/ JAMES N. MILLS
----------------------------------
James N. Mills, Chairman
SPECIALTY CONNECTOR COMPANY
By: /s/ JAMES N. MILLS
----------------------------------
James N. Mills, Chairman
SOCKET EXPRESS, INC.
By: /s/ JAMES N. MILLS
----------------------------------
James N. Mills, Chairman
BERG TECHNOLOGY, INC.
By: /s/ JAMES N. MILLS
----------------------------------
James N. Mills, Chairman
BERG HOLDINGS U.S., INC.
By: /s/ JAMES N. MILLS
----------------------------------
James N. Mills, Chairman
BERG ELECTRONICS KOREA LTD.
By: /s/ JAMES N. MILLS
----------------------------------
James N. Mills, Chairman
BERG ELECTRONICS B.V.
By: /s/ JAMES N. MILLS
----------------------------------
James N. Mills, Chairman
BERG ELECTRONICS MANUFACTURING B.V.
By: /s/ JAMES N. MILLS
----------------------------------
James N. Mills, Chairman
BERG ELECTRONICS DISTRIBUTOR B.V.
By: /s/ JAMES N. MILLS
----------------------------------
James N. Mills, Chairman
BERG CONNECTOR SYSTEMS S.L.
By: /s/ JAMES N. MILLS
----------------------------------
James N. Mills, Chairman
BERG CONNECTOR SYSTEMS GMBH
By: /s/ JAMES N. MILLS
----------------------------------
James N. Mills, Chairman
BERGTRONICS O.Y.
By: /s/ JAMES N. MILLS
----------------------------------
James N. Mills, Chairman
BERG ELECTRONICS S.R.L.
By: /s/ JAMES N. MILLS
----------------------------------
James N. Mills, Chairman
BERG ELECTRONICS CANADA, INC.
By: /s/ JAMES N. MILLS
----------------------------------
James N. Mills, Chairman
BERG ELECTRONICS HONG KONG LIMITED
By: /s/ JAMES N. MILLS
----------------------------------
James N. Mills, Chairman
BERG ELECTRONICS SINGAPORE PTE LTD.
By: /s/ JAMES N. MILLS
----------------------------------
James N. Mills, Chairman
BERG ELECTRONICS S.A. (France)
By: /s/ JAMES N. MILLS
----------------------------------
James N. Mills, Chairman
CBOS ELECTRONICS, A.B.
By: /s/ JAMES N. MILLS
----------------------------------
James N. Mills, Chairman
BERG ELECTRONICS, S.A. (Switzerland)
By: /s/ JAMES N. MILLS
----------------------------------
James N. Mills, Chairman
CONNECTOR SYSTEMS LIMITED
By: /s/ JAMES N. MILLS
----------------------------------
James N. Mills, Chairman
TVS BERG LTD.
By: /s/ JAMES N. MILLS
----------------------------------
James N. Mills, Chairman
BERG ELECTRONICS TAIWAN LTD.
By: /s/ JAMES N. MILLS
----------------------------------
James N. Mills, Chairman
BERG ELECTRONICS JAPAN K.K.
By: /s/ JAMES N. MILLS
----------------------------------
James N. Mills, Chairman
BERG ELECTRONICS ENGINEERING, K.K.
By: /s/ JAMES N. MILLS
----------------------------------
James N. Mills, Chairman
BERG ELECTRONICS CHINA LTD.
By: /s/ JAMES N. MILLS
----------------------------------
James N. Mills, Chairman
BERG ELECTRONICS NANTONG, LTD.
By: /s/ JAMES N. MILLS
----------------------------------
James N. Mills, Chairman
CONNECTOR SYSTEMS (U.S.), INC.
By: /s/ JAMES N. MILLS
----------------------------------
James N. Mills, Chairman
CONNECTOR SYSTEMS TECHNOLOGY, N.V.
By: /s/ JAMES N. MILLS
----------------------------------
James N. Mills, Chairman
<PAGE>
EXHIBIT 10.3
FIRST AMENDMENT TO THE
AMENDED AND RESTATED
EXECUTIVE EMPLOYMENT AGREEMENT
------------------------------
This First Amendment (the "Amendment") is made and entered into as of the
5th day of August, 1996 and amends that certain Amended and Restated Executive
Employment Agreement made and entered into as of February 1, 1996 (the
"Agreement") by and among Berg Electronics Corp. ("Berg"); Berg Electronics
Group, Inc.; Harbor Electronics, Inc.; Berg Employment Company; Specialty
Connector Company; Socket Express, Inc.; Berg Technology, Inc.; Berg Holdings
U.S., Inc.; Berg Electronics Korea Ltd.; Berg Electronics B.V.; Berg
Electronics Manufacturing B.V.; Berg Electronics Distributor B.V.; Berg
Connector Systems S.L.; Berg Connector Systems GmbH; Bergtronics, O.y.; Berg
Electronics, s.r.l.; Berg Electronics Canada, Inc.; Berg Electronics Hong Kong
Limited; Berg Electronics Singapore PTE Ltd.; Berg Electronics S.A. (France);
CBOS Electronics, A.B.; Berg Electronics, S.A. (Switzerland); Connector
Systems Limited; TVS Berg Ltd.; Berg Electronics Taiwan Ltd.; Berg Electronics
Japan K.K.; Berg Electronics Engineering, K.K.; Berg Electronics China Ltd.;
Berg Electronics Nantong, Ltd.; Connector Systems (U.S.) Inc.; and Connector
Systems Technology, N.V. (all, including Berg, collectively called
"Employer"), and W. Thomas McGhee ("Employee").
W I T N E S S E T H :
WHEREAS, Employer and Employee previously entered into the Agreement
dated as of February 1, 1996; and
WHEREAS, Employer and Employee desire to amend the terms of the Agreement
as set forth herein.
NOW, THEREFORE, Employee and Employer, in consideration of the
agreements, covenants and conditions herein, hereby agree that the Agreement
is hereby amended as follows:
I. Section 2(b) entitled Bonus is hereby deleted in its entirety and
the following provision is inserted in lieu thereof:
b) Bonus. During the Employment Period, Employee shall be eligible
to receive an annual bonus (payable by the Employer) based upon Berg achieving
certain earnings per share objectives based on Berg's consolidated fiscal year
results. This bonus shall be payable in cash incentive awards (and
restrictive stock if certain levels are achieved) to Employee to the extent
that actual consolidated earnings per share results meet or exceed certain
target performance levels which shall be established by the Compensation and
Stock Option Committee (the "Committee") of the Board of Directors in
accordance with the Compensation Policy adopted by the Committee as of the 5th
day of August, 1996, and as amended from time to time. To the extent that
Berg attains or exceeds a targeted performance level, Employee is entitled to
receive a cash incentive award (and an award of restrictive stock for
achieving results at or above an exceptional level of earnings per share
performance). Such bonuses are based upon the performance level as
established from time to time by the Committee. However, in addition, an
exceptional earnings per share performance may produce an exceptional short
term incentive pay out at the option of the Committee.
Other than the above deletion and replacement, the Agreement shall remain
in full force and effect and unamended.
IN WITNESS WHEREOF, the parties have executed this Amendment to the
Agreement as of the date first above written.
EMPLOYER: EMPLOYEE:
BERG ELECTRONICS CORP.
By: /s/ DAVID M. SINDELAR By: /s/ W. THOMAS MCGHEE
---------------------------------- ------------------------------
David M. Sindelar, Vice President W. Thomas McGhee
BERG ELECTRONICS GROUP, INC.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
HARBOR ELECTRONICS, INC.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG EMPLOYMENT COMPANY
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
SPECIALTY CONNECTOR COMPANY
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
SOCKET EXPRESS, INC.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG TECHNOLOGY, INC.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG HOLDINGS U.S., INC.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS KOREA LTD.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS B.V.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS MANUFACTURING B.V.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS DISTRIBUTOR B.V.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG CONNECTOR SYSTEMS S.L.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG CONNECTOR SYSTEMS GMBH
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERGTRONICS O.Y.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS S.R.L.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS CANADA, INC.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS HONG KONG LIMITED
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS SINGAPORE PTE LTD.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS S.A. (France)
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
CBOS ELECTRONICS, A.B.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS, S.A. (Switzerland)
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
CONNECTOR SYSTEMS LIMITED
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
TVS BERG LTD.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS TAIWAN LTD.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS JAPAN K.K.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS ENGINEERING, K.K.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS CHINA LTD.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS NANTONG, LTD.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
CONNECTOR SYSTEMS (U.S.), INC.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
CONNECTOR SYSTEMS TECHNOLOGY, N.V.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
<PAGE>
EXHIBIT 10.4
FIRST AMENDMENT TO THE
AMENDED AND RESTATED
EXECUTIVE EMPLOYMENT AGREEMENT
------------------------------
This First Amendment (the "Amendment") is made and entered into as of the
5th day of August, 1996 and amends that certain Amended and Restated Executive
Employment Agreement made and entered into as of February 1, 1996 (the
"Agreement") by and among Berg Electronics Corp. ("Berg"); Berg Electronics
Group, Inc.; Harbor Electronics, Inc.; Berg Employment Company; Specialty
Connector Company; Socket Express, Inc.; Berg Technology, Inc.; Berg Holdings
U.S., Inc.; Berg Electronics Korea Ltd.; Berg Electronics B.V.; Berg
Electronics Manufacturing B.V.; Berg Electronics Distributor B.V.; Berg
Connector Systems S.L.; Berg Connector Systems GmbH; Bergtronics, O.y.; Berg
Electronics, s.r.l.; Berg Electronics Canada, Inc.; Berg Electronics Hong Kong
Limited; Berg Electronics Singapore PTE Ltd.; Berg Electronics S.A. (France);
CBOS Electronics, A.B.; Berg Electronics, S.A. (Switzerland); Connector
Systems Limited; TVS Berg Ltd.; Berg Electronics Taiwan Ltd.; Berg Electronics
Japan K.K.; Berg Electronics Engineering, K.K.; Berg Electronics China Ltd.;
Berg Electronics Nantong, Ltd.; Connector Systems (U.S.) Inc.; and Connector
Systems Technology, N.V. (all, including Berg, collectively called
"Employer"), and Larry S. Bacon ("Employee").
W I T N E S S E T H :
WHEREAS, Employer and Employee previously entered into the Agreement
dated as of February 1, 1996; and
WHEREAS, Employer and Employee desire to amend the terms of the Agreement
as set forth herein.
NOW, THEREFORE, Employee and Employer, in consideration of the
agreements, covenants and conditions herein, hereby agree that the Agreement
is hereby amended as follows:
I. Section 2(b) entitled Bonus is hereby deleted in its entirety and
the following provision is inserted in lieu thereof:
b) Bonus. During the Employment Period, Employee shall be eligible
to receive an annual bonus (payable by the Employer) based upon Berg achieving
certain earnings per share objectives based on Berg's consolidated fiscal year
results. This bonus shall be payable in cash incentive awards (and
restrictive stock if certain levels are achieved) to Employee to the extent
that actual consolidated earnings per share results meet or exceed certain
target performance levels which shall be established by the Compensation and
Stock Option Committee (the "Committee") of the Board of Directors in
accordance with the Compensation Policy adopted by the Committee as of the 5th
day of August, 1996, and as amended from time to time. To the extent that
Berg attains or exceeds a targeted performance level, Employee is entitled to
receive a cash incentive award (and an award of restrictive stock for
achieving results at or above an exceptional level of earnings per share
performance). Such bonuses are based upon the performance level as
established from time to time by the Committee. However, in addition, an
exceptional earnings per share performance may produce an exceptional short
term incentive pay out at the option of the Committee.
Other than the above deletion and replacement, the Agreement shall remain
in full force and effect and unamended.
IN WITNESS WHEREOF, the parties have executed this Amendment to the
Agreement as of the date first above written.
EMPLOYER: EMPLOYEE:
BERG ELECTRONICS CORP.
By: /s/ DAVID M. SINDELAR By: /s/ LARRY S. BACON
---------------------------------- -------------------------------
David M. Sindelar, Vice President Larry S. Bacon
BERG ELECTRONICS GROUP, INC.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
HARBOR ELECTRONICS, INC.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG EMPLOYMENT COMPANY
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
SPECIALTY CONNECTOR COMPANY
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
SOCKET EXPRESS, INC.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG TECHNOLOGY, INC.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG HOLDINGS U.S., INC.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS KOREA LTD.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS B.V.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS MANUFACTURING B.V.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS DISTRIBUTOR B.V.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG CONNECTOR SYSTEMS S.L.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG CONNECTOR SYSTEMS GMBH
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERGTRONICS O.Y.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS S.R.L.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS CANADA, INC.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS HONG KONG LIMITED
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS SINGAPORE PTE LTD.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS S.A. (France)
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
CBOS ELECTRONICS, A.B.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS, S.A. (Switzerland)
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
CONNECTOR SYSTEMS LIMITED
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
TVS BERG LTD.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS TAIWAN LTD.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS JAPAN K.K.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS ENGINEERING, K.K.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS CHINA LTD.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS NANTONG, LTD.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
CONNECTOR SYSTEMS (U.S.), INC.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
CONNECTOR SYSTEMS TECHNOLOGY, N.V.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
<PAGE>
EXHIBIT 10.5
AMENDMENT TO THE
AMENDED AND RESTATED
EXECUTIVE EMPLOYMENT AGREEMENT
------------------------------
This Amendment to the Amended and Restated Executive Employment Agreement
(the "Amendment") is made and entered into as of the 1st day of January, 1997
(the "Agreement") and hereby amends the Amended and Restated Executive
Employment Agreement made and entered into as of February 1, 1996 (the "Prior
Agreement") by and among Berg Electronics Corp. ("Berg"); Berg Electronics
Group, Inc. ("Group"); Harbor Electronics, Inc.; Berg Employment Company;
Specialty Connector Company; Socket Express, Inc.; Berg Technology, Inc.; Berg
Holdings U.S., Inc.; Berg Electronics Korea Ltd.; Berg Electronics B.V.; Berg
Electronics Manufacturing B.V.; Berg Electronics Distributor B.V.; Berg
Connector Systems S.L.; Berg Connector Systems GmbH; Bergtronics, O.y.; Berg
Electronics, s.r.l.; Berg Electronics Canada, Inc.; Berg Electronics Hong Kong
Limited; Berg Electronics Singapore PTE Ltd.; Berg Electronics S.A. (France);
CBOS Electronics, A.B.; Berg Electronics, S.A. (Switzerland); Connector
Systems Limited; TVS Berg Ltd.; Berg Electronics Taiwan Ltd.; Berg Electronics
Japan K.K.; Berg Electronics Engineering, K.K.; Berg Electronics China Ltd.;
Berg Electronics Nantong, Ltd.; Connector Systems (U.S.) Inc.; and Connector
Systems Technology, N.V. (all, including Berg and Group, collectively called
"Employer"), and Robert N. Mills ("Employee").
W I T N E S S E T H :
WHEREAS, Employer and Employee previously entered into the Agreement;
WHEREAS, Employer and Employee desire to change the status of Employee;
and,
WHEREAS, both parties desire to continue the employment of Employee on a
partial basis and both desire to appropriately memorialize the terms and
conditions of such continued partial employment.
NOW, THEREFORE, Employee and Employer, in consideration of the
agreements, covenants and conditions herein, hereby agree that this Amendment
replaces and supersedes the Prior Agreement and agree as follows:
I. Section 1.(a) shall be deleted and the following shall be inserted
in lieu thereof:
a) Employment and Term. Employer hereby agrees to employ Employee
(hereinafter referred to as the "Employment") as the Vice Chairman of the
Board of Directors of Berg (the "Position"), and Employee agrees to be
employed by Employer in such Position, for a period ending on February 28,
2001, unless terminated earlier as provided herein (the "Employment Period").
In the event that termination (as hereinafter provided) has not occurred
prior to the last day of the Employment Period, unless either party shall have
given written notice to the contrary at least ninety (90) days prior to the
end of the Employment Period, the Employment Period shall annually renew for
one (1) year periods until terminated.
II. Section 2.(a) shall be deleted in its entirety and the following
shall be inserted in lieu thereof:
(a) Salary. Employer shall pay to Employee during the Employment
Period a salary as basic compensation for the services to be rendered by
Employee hereunder. The initial amount of such salary shall be One Hundred
Thousand Dollars ($100,000) per annum. Such salary shall be reviewed by the
Board of Directors of Berg (the "Board") and may be increased in the Board's
sole discretion but may not be reduced. Such salary shall accrue and be
payable in accordance with the payroll practices of Employer in effect from
time to time. All such payments shall be subject to deduction and withholding
authorized or required by applicable law.
III. Section 2(b) entitled Bonus is hereby deleted in its entirety
and the following provision is inserted in lieu thereof:
(b) Bonus. During the Employment Period, Employee shall be eligible
to receive an annual bonus (payable by the Employer) based upon Berg achieving
certain earnings per share objectives based on Berg's consolidated fiscal year
results. This bonus shall be payable in cash incentive awards (and
restrictive stock if certain levels are achieved) to Employee to the extent
that actual consolidated earnings per share results meet or exceed certain
target performance levels which shall be established by the Compensation and
Stock Option Committee (the "Committee") of the Board of Directors in
accordance with the Compensation Policy adopted by the Committee as of the 5th
day of August, 1996, and as amended from time to time. To the extent that
Berg attains or exceeds a targeted performance level, Employee is entitled to
receive a cash incentive award (and an award of restrictive stock for
achieving results at or above an exceptional level of earnings per share
performance). Such bonuses are based upon the performance level as
established from time to time by the Committee. However, in addition, an
exceptional earnings per share performance may produce an exceptional short
term incentive pay out at the option of the Committee.
Other than the above deletion and replacement, the Agreement shall remain
in full force and effect and unamended.
IN WITNESS WHEREOF, the parties hereto have executed and delivered this
Agreement as of the date first above written.
EMPLOYER: EMPLOYEE:
BERG ELECTRONICS CORP.
By: /s/ DAVID M. SINDELAR By: /s/ ROBERT N. MILLS
---------------------------------- -------------------------------
David M. Sindelar, Vice President Robert N. Mills
BERG ELECTRONICS GROUP, INC.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
HARBOR ELECTRONICS, INC.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG EMPLOYMENT COMPANY
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
SPECIALTY CONNECTOR COMPANY
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
SOCKET EXPRESS, INC.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG TECHNOLOGY, INC.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG HOLDINGS U.S., INC.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS KOREA LTD.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS B.V.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS MANUFACTURING B.V.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS DISTRIBUTOR B.V.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG CONNECTOR SYSTEMS S.L.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG CONNECTOR SYSTEMS GMBH
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERGTRONICS O.Y.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS S.R.L.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS CANADA, INC.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS HONG KONG LIMITED
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS SINGAPORE PTE LTD.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS S.A. (France)
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
CBOS ELECTRONICS, A.B.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS, S.A. (Switzerland)
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
CONNECTOR SYSTEMS LIMITED
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
TVS BERG LTD.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS TAIWAN LTD.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS JAPAN K.K.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS ENGINEERING, K.K.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS CHINA LTD.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
BERG ELECTRONICS NANTONG, LTD.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
CONNECTOR SYSTEMS (U.S.), INC.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
CONNECTOR SYSTEMS TECHNOLOGY, N.V.
By: /s/ DAVID M. SINDELAR
----------------------------------
David M. Sindelar, Vice President
<PAGE>
EXHIBIT 10.6
FIRST AMENDMENT TO
THE AMENDED AND RESTATED
EXECUTIVE EMPLOYMENT AGREEMENT
------------------------------
This agreement is made and entered into as of January 1, 1997 by and
among Berg Electronics Corp. ("Berg") and Berg Electronics Group, Inc.
("Group"); (both Berg and Group, collectively called "Employer"), and Timothy
L. Conlon ("Employee").
W I T N E S S E T H :
WHEREAS, Employer and Employee previously entered into an Amended and
Restated Executive Employment Agreement dated as of February 1, 1996 (the
"Prior Agreement").
WHEREAS, Employer desires to continue to retain the services of Employee
upon the terms set forth herein; and,
WHEREAS, Employee desires to continue to be employed by Employer and both
desire to appropriately memorialize the terms and conditions of such continued
employment.
NOW, THEREFORE, Employee and Employer, in consideration of the
agreements, covenants and conditions herein, hereby agree that this Agreement
replaces and supersedes the Prior Agreement and agree as follows:
I. Section 1(a) entitled Employment and Term is hereby deleted in its
entirity and the following provisions inserted in lieu thereof:
(a) Employment and Term. Employer hereby agrees to employ Employee
(hereinafter referred to as the "Employment") as the President and Chief
Operating Officer of Berg (the "Position"), and Employee agrees to be employed
by Employer in such Position, for a period ending on February 28, 2001, unless
terminated earlier as provided herein (the "Employment Period"). In the
event that termination (as hereinafter provided) has not occurred prior to the
last day of the Employment Period, unless either party shall have given
written notice to the contrary at least ninety (90) days prior to the end of
the Employment Period, the Employment Period shall annually renew for one (1)
year periods until terminated.
II. Section 2(a) entitled Salary is hereby deleted in its entirety and
the following is inserted in lieu thereof:
a) Salary. Employer shall pay to Employee during the Employment
Period a salary as basic compensation for the services to be rendered by
Employee hereunder. The initial amount of such salary shall be Four Hundred
Thousand Dollars ($400,000) per annum. Such salary shall be reviewed by the
Board of Directors of Berg (the "Board") and may be increased in the Board's
sole discretion but may not be reduced. Such salary shall accrue and be
payable in accordance with the payroll practices of Employer in effect from
time to time. All such payments shall be subject to deduction and withholding
authorized or required by applicable law.
III. Section 2(b) entitled Bonus is hereby deleted in its entirety and
the following provision is inserted in lieu thereof:
(b) Bonus. During the Employment Period, Employee shall be eligible
to receive an annual bonus (payable by the Employer) based upon Berg achieving
certain earnings per share objectives based on Berg's consolidated fiscal year
results. This bonus shall be payable in cash incentive awards (and
restrictive stock if certain levels are achieved) to Employee to the extent
that actual consolidated earnings per share results meet or exceed certain
target performance levels which shall be established by the Compensation and
Stock Option Committee (the "Committee") of the Board of Directors in
accordance with the Compensation Policy adopted by the Committee as of the 5th
day of August, 1996, and as amended from time to time. To the extent that
Berg attains or exceeds a targeted performance level, Employee is entitled to
receive a cash incentive award (and an award of restrictive stock for
achieving results at or above an exceptional level of earnings per share
performance). Such bonuses are based upon the performance level as
established from time to time by the Committee. However, in addition, an
exceptional earnings per share performance may produce an exceptional short
term incentive pay out at the option of the Committee.
Other than the above deletion and replacement, the Agreement shall remain
in full force and effect and unamended.
IN WITNESS WHEREOF, the parties hereto have executed and delivered this
Agreement as of the date first above written.
EMPLOYER: EMPLOYEE:
BERG ELECTRONICS CORP.
By: /s/ DAVID M. SINDELAR By: /s/ TIMOTHY L. CONLON
------------------------------- ------------------------------
David M. Sindelar, Timothy L. Conlon
Senior Vice President
BERG ELECTRONICS GROUP, INC.
By: /s/ DAVID N. SINDELAR
-------------------------------
David M. Sindelar,
Senior Vice President
