Unassociated Document
United
States Securities And Exchange Commission
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Date
of Report (Date of Earliest Event Reported): October 2,
2009
(October
1, 2009)
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ISORAY,
INC.
(Exact
name of registrant as specified in its charter)
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Minnesota
(State
or other jurisdiction
of
incorporation)
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001-33407
(Commission
File
Number)
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41-1458152
(IRS
Employer
Identification
No.)
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350 Hills Street, Suite 106,
Richland, Washington 99354
(Address
of principal executive offices) (Zip Code)
(509)
375-1202
(Registrant's
telephone number)
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Item 5.02.
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Departure
of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain
Officers
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On
October 1, 2009, Jonathan Hunt, Chief Financial Officer of IsoRay,
Inc. (the “Company”), resigned from all positions held with the Company and its
subsidiaries. Mr. Hunt will remain subject to a non-compete agreement
for one year but is not due any severance payments under his Employment
Agreement. He has agreed to serve as a consultant on a short-term
interim basis while the Company is searching for his replacement.
Effective October 2, 2009, the Company
appointed Brien Ragle to serve as its principal accounting officer, principal
financial officer, and Controller until a new Chief Financial Officer is
hired. Mr. Ragle has served as Cost Accounting Manager of the Company
since January 15, 2007 and was promoted to Controller as of October 2 to reflect
his new role. Mr. Ragle has no employment agreement with the
Company.
Mr. Ragle, 40 years old, has served as
the Company’s Cost Accounting Manager since January 15, 2007. Prior
to this, Mr. Ragle served as a Project Accounting Manager at BNG America, LLC (a
wholly-owned subsidiary of Energy Solutions, LLC (ES)) from April 2005 to
November 2006. From September 2000 to November 2004, Mr. Ragle was a
Business Unit Controller at SCM Consultants, Inc. (a wholly-owned subsidiary of
Tetra Tech, Inc. (TTEK)). Mr. Ragle holds a Bachelor of Arts degree
in Business Administration from Washington State University and is a Certified
Public Accountant.
SIGNATURES
In
accordance with the requirements of the Exchange Act, the Registrant caused this
report to be signed on its behalf by the undersigned, thereunto duly
authorized.
Dated: October
2, 2009
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IsoRay,
Inc., a Minnesota corporation
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By:
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/s/ Dwight Babcock
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Dwight
Babcock, CEO
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