UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported):
March 15, 2007
DYNATRONICS CORPORATION
(Exact name of registrant as specified in its charter)
Commission File No. 0-12697
Utah 87-0398434
(State or other jurisdiction of (IRS Employer Identification
incorporation) Number)
7030 Park Centre Dr.
Salt Lake City, Utah 84121
(Address of principal executive offices, Zip Code)
Registrant's telephone number, including area code: (801) 568-7000
Former name or former address, if changed since last report: Not Applicable
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement
On March 15, 2007, Dynatronics Corporation (the "Company") entered into an
agreement (the "Agreement") with Dr. Albert Sant Antonio ("Sant Antonio"). The
Agreement provides that Sant Antonio will assist the Company in marketing its
Synergie AMS Units in the state of Florida to medical doctors, medical
assistants, independent spas, and other aesthetic service professionals
(collectively, "Providers") who treat patients desiring aesthetic vacuum massage
therapy following a unique liposuction bodysculpting cosmetic surgery developed
by Sant Antonio (a "Procedure"). The Company's Synergie AMS Units are aesthetic
vacuum massage systems used to reduce the appearance of cellulite. The Agreement
establishes certain terms under which Sant Antonio will engage and train
Providers to perform the Procedure and the aesthetic vacuum massage techniques
using Synergie AMS Units. Sant Antonio or one of his trained and qualified
agents will also provide instruction to the Providers on the use of Synergie AMS
Units for patients who have received the Procedure.
As compensation for his marketing activities, the Company has granted to Sant
Antonio marketing rights to sell Units used in connection with the Procedure in
the state of Florida, and a portion of sales proceeds from Procedure Units.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
DYNATRONICS CORPORATION
By: /s/ Kelvyn H. Cullimore, Jr.
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Kelvyn H. Cullimore, Jr.
Chairman and President
Date: March 22, 2007