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<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center">UNITED STATES</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center"><B>Current Report</B></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center">Pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 12pt Times New Roman,serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%; text-align: center">Date of Report</TD>
    <TD STYLE="width: 50%; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="text-align: center">&#9;(Date of Earliest Event Reported): &#9;</TD>
    <TD STYLE="text-align: center">Commission
File Number:</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="text-align: center">&#9;<B>November 12, 2015</B>&#9;&#9;</TD>
    <TD STYLE="text-align: center">&#9;<B>0-17449</B></TD></TR>
</TABLE>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center">&nbsp;&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center; text-indent: 0.5in"><FONT STYLE="font-size: 12pt"><B><U>PROCYON
CORPORATION </U></B></FONT><U> </U></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center">(Exact name of Registrant as specified in its charter)</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman,serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%; text-align: center"><FONT STYLE="font-size: 12pt">Colorado&#9; &#9;</FONT></TD>
    <TD STYLE="width: 50%; text-align: center"><FONT STYLE="font-size: 12pt"><B>59-3280822</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 12pt">(State of incorporation)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 12pt">&#9;(I.R.S. Employer Identification Number)</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0"></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center">1300 S. HIGHLAND</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center">CLEARWATER, FL 33756</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center">(727) 447-2998</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center">(Address of principal executive</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center">offices and telephone number)</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0">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:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">&#9744;</TD><TD>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">&#9744;</TD><TD>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">&#9744;</TD><TD>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">&#9744;</TD><TD>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; border-bottom: Black 1pt solid">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify"><B>Item 1.01&#9;Entry Into a Material Definitive Agreements.</B></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in">On November 10, 2015, Procyon Corporation&rsquo;s
(the &ldquo;Company&rdquo;) Board of Directors approved a Restated and Amended Executive Employment Agreement entered into between
the Company and Regina W. Anderson, the Company&rsquo;s Chief Executive Officer, James B. Anderson, the Company&rsquo;s Chief Financial
Officer, Justice W. Anderson, the President of Amerx Health Care. The Board also approved an Executive Employment Agreement for
George O. Borak, the Vice President of Sales for Amerx Health Care Corp.</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in">Regina W. Anderson&rsquo;s Restated
and Amended Executive Employment Agreement, which is effective October 1, 2015, provides for a base annual salary of $158,000 and
other benefits, including certain short-term and long-term incentive bonus compensation based upon the Company achieving certain
financial goals for net profit. Ms. Anderson&rsquo;s Agreement calls for a term of one year, but may be terminated by either party,
with or without cause, upon thirty day&rsquo;s written notice.</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in">James B. Anderson&rsquo;s Restated
and Amended Executive Employment Agreement, which is effective October 1, 2015, provides for a base annual salary of $130,000 and
other benefits, including certain short-term and long-term incentive bonus compensation based upon the Company achieving certain
financial goals for net profit. Mr. Anderson&rsquo;s Agreement calls for a term of one year, but may be terminated by either party,
with or without cause, upon thirty day&rsquo;s written notice.</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in">Justice W. Anderson&rsquo;s Restated
and Amended Executive Employment Agreement, which is effective October 1, 2015, provides for a base annual salary of $210,000 and
other benefits, including certain short-term and long-term incentive bonus compensation based upon the Company achieving certain
financial goals for net profit. Mr. Anderson&rsquo;s Agreement calls for a term of one year, but may be terminated by either party,
with or without cause, upon thirty day&rsquo;s written notice.</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in">George O. Borak&rsquo;s Executive
Employment Agreement, which is effective October 1, 2015, provides for a base annual salary of $150,000 and other benefits, including
certain short-term and long-term incentive bonus compensation based upon the Company achieving certain financial goals for net
profit. Mr. Borak&rsquo;s Agreement calls for a term of one year, but may be terminated by either party, with or without cause,
upon thirty day&rsquo;s written notice.</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in">A copy of Regina W. Anderson&rsquo;s,
James B. Anderson&rsquo;s, Justice W. Anderson&rsquo;s Restated and Amended Executive Employment Agreements are attached to this
report and incorporated herein as Exhibits 10.1 through 10.3 respectively. Along with George O. Borak&rsquo;s Employment Agreement
incorporated as Exhibit 10.4</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0; text-align: center">2</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; border-bottom: Black 1pt solid">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify"><B>Item 5.02 &#9;Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</B></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in">As set forth above, the Company
entered into Restated and Amended Executive Employment Agreements with Regina W. Anderson, James B. Anderson, Justice W. Anderson.
The Company also entered into an Executive Employment Agreement with George O. Borak. All agreements were approved by our Board
of Directors on November 10, 2015. A copy of Regina W. Anderson&rsquo;s, James B. Anderson&rsquo;s, Justice W. Anderson&rsquo;s
Restated and Amended Executive Employment Agreements are attached to this report and incorporated herein. A copy of George O. Borak&rsquo;s
Employment Agreement is attached to this report and incorporated herein.</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify"><B>Item 9.01 &#9;Financial Statements and Exhibits.</B></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify">&#9;(d)&#9;Exhibits.</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0">                                                                                                                                                                                                                                                                                                                                                                                          <TR STYLE="vertical-align: top">
<TD STYLE="text-align: center; vertical-align: top">&#9;<U>Exhibit No</U>.&#9;</TD><TD STYLE="text-align: justify"><U>Description</U></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 15%; text-align: center; vertical-align: top">10.1</TD><TD STYLE="text-align: justify; width: 85%">Restated and Amended Executive Employment Agreement of Regina W. Anderson.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 15%; text-align: center; vertical-align: top">10.2</TD><TD STYLE="text-align: justify; width: 85%">Restated and Amended Executive Employment Agreement of James B. Anderson.</TD></TR>                                                                                                                                                     <TR STYLE="vertical-align: top">
<TD STYLE="text-align: center; vertical-align: top">10.3</TD><TD STYLE="text-align: justify">Restated and Amended Executive Employment Agreement of Justice W. Anderson.</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="text-align: center; vertical-align: top">10.4</TD><TD STYLE="text-align: justify">Executive Employment Agreement of George
O. Borak.</TD></TR>
</TABLE>



<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify"><B>SIGNATURES</B></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify">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.</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 12pt Times New Roman,serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%">Date: November 13, 2015.</TD>
    <TD STYLE="width: 50%">Procyon Corporation &#9;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>By: <U>/s/ Regina W. Anderson<BR>
</U></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Regina W. Anderson,</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Chief Executive Officer</TD></TR>
</TABLE>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0; text-align: center">3</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&#9;</P>



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{"company-data": {"conformed-name": "PROCYON CORP", "cik": "0000812306", "assigned-sic": "2834", "irs-number": "368732690", "state-of-incorporation": "CO", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-17449", "film-number": "151227966"}, "business-address": {"street1": "1300 S HIGHLAND AVE", "city": "CLEARWATER", "state": "FL", "zip": "33756", "phone": "(727)447-2998"}, "mail-address": {"street1": "1300 S HIGHLAND AVE", "city": "CLEARWATER", "state": "FL", "zip": "33756"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934
Date of Report
(Date of Earliest Event Reported):
Commission
File Number:
November 12, 2015
0-17449
PROCYON
CORPORATION
(Exact name of Registrant as specified in its charter)
Colorado
59-3280822
(State of incorporation)
(I.R.S. Employer Identification Number)
1300 S. HIGHLAND
CLEARWATER, FL 33756
(727) 447-2998
(Address of principal executive
offices and telephone number)
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 Agreements.
On November 10, 2015, Procyon Corporation's
(the "Company") Board of Directors approved a Restated and Amended Executive Employment Agreement entered into between
the Company and Regina W. Anderson, the Company's Chief Executive Officer, James B. Anderson, the Company's Chief Financial
Officer, Justice W. Anderson, the President of Amerx Health Care. The Board also approved an Executive Employment Agreement for
George O. Borak, the Vice President of Sales for Amerx Health Care Corp.
Regina W. Anderson's Restated
and Amended Executive Employment Agreement, which is effective October 1, 2015, provides for a base annual salary of $158,000 and
other benefits, including certain short-term and long-term incentive bonus compensation based upon the Company achieving certain
financial goals for net profit. Ms. Anderson's Agreement calls for a term of one year, but may be terminated by either party,
with or without cause, upon thirty day's written notice.
James B. Anderson's Restated
and Amended Executive Employment Agreement, which is effective October 1, 2015, provides for a base annual salary of $130,000 and
other benefits, including certain short-term and long-term incentive bonus compensation based upon the Company achieving certain
financial goals for net profit. Mr. Anderson's Agreement calls for a term of one year, but may be terminated by either party,
with or without cause, upon thirty day's written notice.
Justice W. Anderson's Restated
and Amended Executive Employment Agreement, which is effective October 1, 2015, provides for a base annual salary of $210,000 and
other benefits, including certain short-term and long-term incentive bonus compensation based upon the Company achieving certain
financial goals for net profit. Mr. Anderson's Agreement calls for a term of one year, but may be terminated by either party,
with or without cause, upon thirty day's written notice.
George O. Borak's Executive
Employment Agreement, which is effective October 1, 2015, provides for a base annual salary of $150,000 and other benefits, including
certain short-term and long-term incentive bonus compensation based upon the Company achieving certain financial goals for net
profit. Mr. Borak's Agreement calls for a term of one year, but may be terminated by either party, with or without cause,
upon thirty day's written notice.
A copy of Regina W. Anderson's,
James B. Anderson's, Justice W. Anderson's Restated and Amended Executive Employment Agreements are attached to this
report and incorporated herein as Exhibits 10.1 through 10.3 respectively. Along with George O. Borak's Employment Agreement
incorporated as Exhibit 10.4
2
Item 5.02 	Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As set forth above, the Company
entered into Restated and Amended Executive Employment Agreements with Regina W. Anderson, James B. Anderson, Justice W. Anderson.
The Company also entered into an Executive Employment Agreement with George O. Borak. All agreements were approved by our Board
of Directors on November 10, 2015. A copy of Regina W. Anderson's, James B. Anderson's, Justice W. Anderson's
Restated and Amended Executive Employment Agreements are attached to this report and incorporated herein. A copy of George O. Borak's
Employment Agreement is attached to this report and incorporated herein.
Item 9.01 	Financial Statements and Exhibits.
(d)	Exhibits.
Exhibit No
.
Description
10.1
Restated and Amended Executive Employment Agreement of Regina W. Anderson.
10.2
Restated and Amended Executive Employment Agreement of James B. Anderson.
10.3
Restated and Amended Executive Employment Agreement of Justice W. Anderson.
10.4
Executive Employment Agreement of George
O. Borak.
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.
Date: November 13, 2015.
Procyon Corporation
By:
/s/ Regina W. Anderson
Regina W. Anderson,
Chief Executive Officer
3