National Holdings Corporation (NHLD)

[glass99]

June-30-2016: FINAL DAY for Goldwasser and Fagenson????

Hope springs eternal for the imminent merger announcement.

http://www.sec.gov/Archives/edgar/data/1023844/000102384416000014/docs-1482180xv2xnational_h.htm

On March 25, 2016, the Board of Directors of the Company approved an amendment (the “Goldwasser Amendment”) to Mark Goldwasser’s Employment Agreement, dated as of July 1, 2008, as amended (the “Goldwasser Agreement”). Pursuant to the Goldwasser Amendment, among other things, the term of the Goldwasser Agreement will end on June 30, 2016, following which the term of the Goldwasser Agreement may be extended for successive 30 day periods on the terms set forth therein. The Goldwasser Amendment does not alter any of the other material terms of the Goldwasser Agreement (including terms relating to the $400,000 severance). The foregoing summary of the Goldwasser Amendment is qualified in its entirety by reference to the full text of the Goldwasser Amendment, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K, and is incorporated herein by reference.