SEC Contract Filing

Filing Date: 2018-05-09

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>may2018offerletter.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<div><a name="s6e2396103b314e44a4489d11b943afe9"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Exhibit 10.1</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:32px;text-align:center;"><img src="wstllogoa02.jpg" alt="wstllogoa02.jpg" style="height:130px;width:212px;"></div><div style="line-height:120%;padding-bottom:16px;padding-top:32px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">May 2, 2018</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Mr. Alfred S. John</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Dear Steve,</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">On behalf of the Board of Directors, I am very pleased to offer you the position of President</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">and Chief Executive Officer of Westell Technologies, Inc. (&#8220;Company&#8221;) and President and</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Chief Executive Officer of Westell, Inc. (&#8220;Operating Subsidiary&#8221;). Your position will primarily</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">be located at the Company&#8217;s headquarters in Aurora, Illinois and we expect you to spend</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">most work days at the Company's headquarters (or visiting our clients or other operations).</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">To facilitate that, you agree that you will maintain an apartment in the Aurora, Illinois area</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">with no less than a one-year lease and that you will primarily perform your duties from the</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Company's headquarters in Aurora, Illinois. Upon employment and securing the lease, the</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Company will provide you a monthly payment of $2,000 for eighteen (18) months, provided</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">that you remain employed at the Company and maintain an apartment during this time period.</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Also, to assist you with the transition from your home and moving your automobile to Illinois,</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">we will cover the airfare for two (2) roundtrips from Pittsburgh to Chicago to travel home during</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">the first month of your employment. Beyond the first month, since this assignment is deemed</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">permanent, you will be responsible for any expenses to get to and from your home. The</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">payments referenced in this paragraph shall be subject to withholdings and reported as</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">required by the law.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">You will report to the Board of Directors for the Company and the Operating Subsidiary.</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Subject to your meeting the below requirements, your expected start date is May 21, 2018 or</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">sooner depending upon your acceptance date and notification to your current employer.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Compensation</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-fa