First Amendment to Employment Letter between Bell Industries, Inc. and Kevin J. Thimjon

Summary

Bell Industries, Inc. and Kevin J. Thimjon have amended their original employment letter, effective February 15, 2008. The amendment updates Mr. Thimjon's position to President and Chief Financial Officer and sets his base annual salary at $275,000, paid bi-weekly and subject to standard withholdings. All other terms of the original employment letter remain unchanged.

EX-10.2 3 a38303exv10w2.htm EXHIBIT 10.2 exv10w2

EXHIBIT 10.2

FIRST AMENDMENT TO EMPLOYMENT LETTER

THIS FIRST AMENDMENT TO EMPLOYMENT LETTER (the “Amendment”) is made effective as of the 15^th day of February, 2008, by and between Bell Industries, Inc., a California Corporation (“Bell”), and Kevin J. Thimjon (the “Executive”).

W I T N E S S E T H :

WHEREAS, the Executive and Bell entered into an employment letter effective as January 5, 2007 (the “Employment Letter”);

WHEREAS, Bell and the Executive desire to modify the terms of the Executive’s employment under the Employment Letter.

NOW THEREFORE, the parties hereby covenant and agree as follows:

	1.		Effective Date. This Amendment shall become effective on the date hereof.

	2.		Position. The section of the Employment Letter titled “Position” is hereby amended and restated as follows:

“Position: President and Chief Financial Officer”

Base Annual Salary. The section of the Employment Letter titled “Base Annual Salary” is hereby amended and restated as follows:

“Base Annual Salary: $275,000, subject to applicable withholdings. Bell issues paychecks bi-weekly.”

IN WITNESS WHEREOF, this Amendment to Employment Letter is executed as of the day and year first written above.

Executive


/s/ Kevin J. Thimjon

Kevin J. Thimjon

Bell Industries, Inc.

By:		/s/ Clinton J. Coleman

		Name: Clinton J. Coleman Title: Chief Executive Officer