Exhibit 10.1

 

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1414 RADCLIFFE STREET, SUITE 300

BRISTOL, PA 19007

215.633.1900 TEL /215.633.4423 FAX

WWW.SDI.COM

 

 

May 10, 2005

 

 

Mr. Philip Flynt

6655 Chelsea Gardens Way

Cumming, GA  30040

 

Dear Philip,

 

I have outlined the offer for employment at SDI below.

 

SUMMARY OF OFFER

 

Start Date:

 

Monday, May 9, 2005

 

 

 

Position:

 

Vice President, Chief Financial Officer and Treasurer

 

 

 

Salary:

 

$180,000.00 per year paid in regular bi-weekly installments.

 

 

 

Target Bonus:

 

Thirty percent (30%) of salary based upon a combination of mutually agreed
individual goals and corporate performance parameters. The normal distribution
is in the March 2006 timeframe.

 

 

 

Benefits Package:

 

As delivered.

 

 

 

Severance:

 

Six (6) months except in the event employment is terminated for cause.

 

 

 

Perquisites:

 

Temporary living allowance to aid in your move decision.

 

 

 

Travel:

 

Paid for by company for 6 months.

 

StoreLogicSM

 

StoreBuilderSM

 

In-Plant Store®

 

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Philip, we are very excited about your joining our team. While we have some
challenges that require your immediate attention, I believe that with your
talent and support, we will continue to grow a very prosperous business.

 

 

Sincerely,

 

 

/s/Donald C. Woodring

 

 

Donald C. Woodring

 

DCW/sam

 

 

Accepted by:

 

 

/s/ Philip D. Flynt

 

 

on this 10th day of May, 2005

 

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