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<TITLE>Filed by Bowne Pure Compliance</TITLE>
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<P style="font-size: 14pt" align="center"><B>UNITED STATES<BR>
SECURITIES AND
EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P style="font-size: 18pt" align="center"><B>FORM 8-K</B>

<P style="font-size: 12pt" align="center"><B>CURRENT REPORT<BR>
Pursuant to
Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P style="font-size: 10pt" align="center"><B>Date of Report (Date of earliest
event reported): December 30, 2008</B>



<P style="font-size: 24pt" align="center"><B>INTERPHASE
CORPORATION<BR>
</B><FONT style="font-size: 10pt">(Exact name of registrant as
specified in its charter) </FONT>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="100%" border="0">

 <TR>
  <TD width="32%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="33%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="32%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>Texas</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>0-13071</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>75-1549797</B></TD>
 </TR>
 <TR valign="top">
  <TD>(State or other Jurisdiction of Incorporation)</TD>
  <TD>&nbsp;</TD>
  <TD>(Commission File Number)</TD>
  <TD>&nbsp;</TD>
  <TD>(IRS Employer Identification No.)</TD>
 </TR>

</TABLE>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="100%" border="0">

 <TR>
  <TD width="49%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="49%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>2901 North Dallas Parkway,
Suite 200, Plano, Texas<BR>
</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>75093</B></TD>
 </TR>
 <TR valign="top">
  <TD>(Address of Principal Executive Offices)</TD>
  <TD>&nbsp;</TD>
  <TD>(Zip Code)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="center">Registrant&#8217;s telephone number,
including area code: <B>(214) 654-5000</B>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="30%" border="0">

 <TR>
  <TD width="100%">&nbsp;</TD>
 </TR>
 <TR>
  <TD style="border-bottom: #000000 1px solid" nowrap><B>Not
Applicable<BR>
</B></TD>
 </TR>
 <TR>
  <TD nowrap>(Former name or former address if changed since last report.)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="left">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 style="font-size: 10pt" align="left"><FONT face="Wingdings">o</FONT> Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)<BR>
<BR>
<FONT face="Wingdings">o</FONT> Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>



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<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">1
</DIV>

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<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD nowrap align="left" width="3%"><B>Item&nbsp;1.01.</B></TD>
  <TD width="1%">&nbsp;</TD>
  <TD><B>Entry into a Material Definitive Agreement.</B></TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="left">On December&nbsp;30, 2008, Interphase
Corporation entered into Amended and Restated Employment, Confidentiality, and
Non-Competition Agreements with its executive team, including Gregory B.
Kalush, Chief Executive Officer; Thomas N. Tipton, Jr., Chief Financial
Officer; Marc E. DeVinney Vice President of Engineering; James W. Gragg Vice
President of Operations and Fulfillment; Randall E. McComas, Vice President of
Global Sales and Customer Support; Deborah A. Shute, Vice President of Human
Resource and Administration; and Yoram Soloman Vice President of Corporate
Strategy &amp; Business Development.

<P style="font-size: 10pt" align="left">The Amended and Restated Agreements
replace the Executive Employment Agreements previously in place for the
aforementioned executives. The Amended and Restated Agreements were revised to
comply with the documentary requirements of Section&nbsp;409A of the Internal
Revenue Code of 1986, as amended, and the treasury regulations and other
official guidance effective January&nbsp;1, 2009.

<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD nowrap align="left" width="3%"><B>Item&nbsp;9.01.</B></TD>
  <TD width="1%">&nbsp;</TD>
  <TD><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial Statements and
Exhibits</B></TD>
 </TR>

</TABLE>


<P style="font-size: 10pt; text-indent: 3%" align="left">(d)&nbsp;Exhibits

<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%"
width="7%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>Exhibit&nbsp;10.1 &#8211; Amended and Restated Employment,
Confidentiality, and Non-Competition Agreement with Mr.&nbsp;Gregory B.
Kalush</TD>
 </TR>

</TABLE>


<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%"
width="7%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>Exhibit&nbsp;10.2 &#8211; Amended and Restated Employment,
Confidentiality, and Non-Competition Agreement with Mr.&nbsp;Thomas N. Tipton
Jr.</TD>
 </TR>

</TABLE>


<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%"
width="7%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>Exhibit&nbsp;10.3 &#8211; Amended and Restated Employment,
Confidentiality, and Non-Competition Agreement with Mr.&nbsp;Marc E.
DeVinney</TD>
 </TR>

</TABLE>


<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%"
width="7%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>Exhibit&nbsp;10.4 &#8211; Amended and Restated Employment,
Confidentiality, and Non-Competition Agreement with Mr.&nbsp;James W. Gragg</TD>
 </TR>

</TABLE>


<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%"
width="7%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>Exhibit&nbsp;10.5 &#8211; Amended and Restated Employment,
Confidentiality, and Non-Competition Agreement with Mr.&nbsp;Randall E.
McComas</TD>
 </TR>

</TABLE>


<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%"
width="7%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>Exhibit&nbsp;10.6 &#8211; Amended and Restated Employment,
Confidentiality, and Non-Competition Agreement with Ms.&nbsp;Deborah A.
Shute</TD>
 </TR>

</TABLE>


<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%"
width="7%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>Exhibit&nbsp;10.7 &#8211; Amended and Restated Employment,
Confidentiality, and Non-Competition Agreement with Mr.&nbsp;Yoram Soloman</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">2
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border="0">

</TABLE>


<P style="font-size: 10pt" align="center"><B>SIGNATURE</B>

<P style="font-size: 10pt" align="left">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 style="font-size: 10pt; margin-left: 46%" align="left"><B>Interphase
Corporation</B>

<P style="font-size: 10pt" align="left">Date: December&nbsp;31, 2008

<P style="margin-top: -11pt; font-size: 10pt; margin-left: 46%"
align="left">By: <U><B>/</B>s/ Thomas N. Tipton Jr.</U> <BR>
Title: Chief
Financial Officer, <BR>
Vice President of Finance and Treasurer

<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">3
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<P style="font-size: 10pt" align="center"><B>EXHIBIT INDEX</B>

<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%"
width="7%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>Exhibit&nbsp;10.1 &#8211; Amended and Restated Employment,
Confidentiality, and Non-Competition Agreement with Mr.&nbsp;Gregory B.
Kalush</TD>
 </TR>

</TABLE>


<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%"
width="7%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>Exhibit&nbsp;10.2 &#8211; Amended and Restated Employment,
Confidentiality, and Non-Competition Agreement with Mr.&nbsp;Thomas N. Tipton
Jr.</TD>
 </TR>

</TABLE>


<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%"
width="7%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>Exhibit&nbsp;10.3 &#8211; Amended and Restated Employment,
Confidentiality, and Non-Competition Agreement with Mr.&nbsp;Marc E.
DeVinney</TD>
 </TR>

</TABLE>


<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%"
width="7%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>Exhibit&nbsp;10.4 &#8211; Amended and Restated Employment,
Confidentiality, and Non-Competition Agreement with Mr.&nbsp;James W. Gragg</TD>
 </TR>

</TABLE>


<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%"
width="7%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>Exhibit&nbsp;10.5 &#8211; Amended and Restated Employment,
Confidentiality, and Non-Competition Agreement with Mr.&nbsp;Randall E.
McComas</TD>
 </TR>

</TABLE>


<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%"
width="7%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>Exhibit&nbsp;10.6 &#8211; Amended and Restated Employment,
Confidentiality, and Non-Competition Agreement with Ms.&nbsp;Deborah A.
Shute</TD>
 </TR>

</TABLE>


<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%"
width="7%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>Exhibit&nbsp;10.7 &#8211; Amended and Restated Employment,
Confidentiality, and Non-Competition Agreement with Mr.&nbsp;Yoram Soloman</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">4
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Filed by Bowne Pure Compliance
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): December 30, 2008
INTERPHASE
CORPORATION
(Exact name of registrant as
specified in its charter)
Texas
0-13071
75-1549797
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
2901 North Dallas Parkway,
Suite 200, Plano, Texas
75093
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number,
including area code:
(214) 654-5000
Not
Applicable
(Former name or former address if changed since last report.)
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:
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
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 December 30, 2008, Interphase
Corporation entered into Amended and Restated Employment, Confidentiality, and
Non-Competition Agreements with its executive team, including Gregory B.
Kalush, Chief Executive Officer; Thomas N. Tipton, Jr., Chief Financial
Officer; Marc E. DeVinney Vice President of Engineering; James W. Gragg Vice
President of Operations and Fulfillment; Randall E. McComas, Vice President of
Global Sales and Customer Support; Deborah A. Shute, Vice President of Human
Resource and Administration; and Yoram Soloman Vice President of Corporate
Strategy & Business Development.
The Amended and Restated Agreements
replace the Executive Employment Agreements previously in place for the
aforementioned executives. The Amended and Restated Agreements were revised to
comply with the documentary requirements of Section 409A of the Internal
Revenue Code of 1986, as amended, and the treasury regulations and other
official guidance effective January 1, 2009.
Item 9.01.
Financial Statements and
Exhibits
(d) Exhibits
Exhibit 10.1 – Amended and Restated Employment,
Confidentiality, and Non-Competition Agreement with Mr. Gregory B.
Kalush
Exhibit 10.2 – Amended and Restated Employment,
Confidentiality, and Non-Competition Agreement with Mr. Thomas N. Tipton
Jr.
Exhibit 10.3 – Amended and Restated Employment,
Confidentiality, and Non-Competition Agreement with Mr. Marc E.
DeVinney
Exhibit 10.4 – Amended and Restated Employment,
Confidentiality, and Non-Competition Agreement with Mr. James W. Gragg
Exhibit 10.5 – Amended and Restated Employment,
Confidentiality, and Non-Competition Agreement with Mr. Randall E.
McComas
Exhibit 10.6 – Amended and Restated Employment,
Confidentiality, and Non-Competition Agreement with Ms. Deborah A.
Shute
Exhibit 10.7 – Amended and Restated Employment,
Confidentiality, and Non-Competition Agreement with Mr. Yoram Soloman
SIGNATURE
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.
Interphase
Corporation
Date: December 31, 2008
By:
/
s/ Thomas N. Tipton Jr.
Title: Chief
Financial Officer,
Vice President of Finance and Treasurer
EXHIBIT INDEX
Exhibit 10.1 – Amended and Restated Employment,
Confidentiality, and Non-Competition Agreement with Mr. Gregory B.
Kalush
Exhibit 10.2 – Amended and Restated Employment,
Confidentiality, and Non-Competition Agreement with Mr. Thomas N. Tipton
Jr.
Exhibit 10.3 – Amended and Restated Employment,
Confidentiality, and Non-Competition Agreement with Mr. Marc E.
DeVinney
Exhibit 10.4 – Amended and Restated Employment,
Confidentiality, and Non-Competition Agreement with Mr. James W. Gragg
Exhibit 10.5 – Amended and Restated Employment,
Confidentiality, and Non-Competition Agreement with Mr. Randall E.
McComas
Exhibit 10.6 – Amended and Restated Employment,
Confidentiality, and Non-Competition Agreement with Ms. Deborah A.
Shute
Exhibit 10.7 – Amended and Restated Employment,
Confidentiality, and Non-Competition Agreement with Mr. Yoram Soloman