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<div style='page:Section1;'>

<p style='margin-top:12.0pt;margin-right:0in;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-family:"Times New Roman";font-weight:bold;margin-top:0in'>SECURITIES AND EXCHANGE COMMISSION<br>
Washington, D.C. 20549</p>

<p style='margin-top:12.0pt;margin-right:0in;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-family:"Times New Roman";font-weight:bold;margin-top:0in'>FORM 8-K</p>

<p style='margin-top:12.0pt;margin-right:0in;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-family:"Times New Roman"'><b>CURRENT REPORT</b></p>

<p style='margin-top:12.0pt;margin-right:0in;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-family:"Times New Roman";margin-top:0in'><b>PURSUANT TO SECTION 13 OR 15(d) OF<br>
THE SECURITIES EXCHANGE ACT OF 1934</b></p>

<p style='margin-top:12.0pt;margin-right:0in;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;font-size:11.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin-top:12.0pt;margin-right:0in;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;font-family:"Times New Roman";margin-top:0in'>Date of Report (Date of earliest event
reported)<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; December 31, 2007 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></p>
<p style='margin-top:12.0pt;margin-right:0in;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;font-size:11.0pt;font-family:"Times New Roman";margin-top:0in'>&nbsp;</p>

<p style='margin-top:12.0pt;margin-right:0in;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-family:"Times New Roman";font-weight:bold;margin-top:0in'><u>Pro-Dex, Inc</u></p>

<p style='margin-top:12.0pt;margin-right:0in;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-family:"Times New Roman";margin-top:0in'>(Exact name of registrant as specified
in its charter)</p>

<p style='margin:0in;margin-bottom:.0001pt;text-align:justify;font-size:11.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<div align="left">

<table class=MsoNormalTable border=0 cellpadding=0
 style='border-collapse:collapse' width="100%">
 <tr>
  <td width=306 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="center">
  <p style='margin-bottom:.0001pt;text-align:justify;font-family:"Times New Roman";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>Colorado&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b></u></p>
  <p style='margin-bottom:.0001pt;text-align:justify;font-family:"Times New Roman";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>(State or other
  jurisdiction</p>
  <p style='margin-bottom:.0001pt;text-align:justify;font-family:"Times New Roman";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>of incorporation)</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="center">
  <p style='margin-top:12.0pt;margin-right:0in;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-family:"Times New Roman";font-weight:bold;text-decoration:underline;margin-top:0in;page-break-after:auto'>0-14942</p>
  <p style='margin-bottom:.0001pt;text-align:justify;font-family:"Times New Roman";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>(Commission</p>
  <p style='margin-bottom:.0001pt;text-align:justify;font-family:"Times New Roman";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>File Number)</p>
  </td>
  <td width=326 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="center">
  <p style='margin-bottom:.0001pt;text-align:justify;font-family:"Times New Roman";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b><u>84-1261240</u></b></p>
  <p style='margin-bottom:.0001pt;text-align:justify;font-family:"Times New Roman";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>(IRS Employer</p>
  <p style='margin-bottom:.0001pt;text-align:justify;font-family:"Times New Roman";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>Identification No.)</p>
  </td>
 </tr>
</table>

</div>

<p style='margin-top:12.0pt;margin-right:0in;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;font-family:"Times New Roman";text-align:center'><b><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151
E. Columbine Avenue, Santa Ana, California 92707&nbsp;&nbsp;&nbsp;</u></b><u>&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; <br>
</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Address of principal executive offices)&nbsp; &nbsp;&nbsp; (Zip
Code)</p>

<p style='margin-top:12.0pt;margin-right:0in;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;font-family:"Times New Roman"'>Registrant&#146;s telephone number, including area code<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>714-241-4411&nbsp;&nbsp;&nbsp;</b>&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; </u></p>

<p style='margin-top:12.0pt;margin-right:0in;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;font-family:"Times New Roman";text-align:center'><u>&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; <b>Not
Applicable&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; </b></u></p>

<p style='margin-top:12.0pt;margin-right:0in;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;font-family:"Times New Roman";margin-top:0in;text-align:center'>(Former
name or former address, if changed since last report)</p>

<p style='margin-top:12.0pt;margin-right:0in;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;font-size:11.0pt;font-family:"Times New Roman";margin-top:0in'>&nbsp;</p>

<p style='margin-top:6.0pt;margin-right:0in;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:10.5pt;font-family:"Times New Roman"'>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 (see General Instruction A.2.
below):</p>

<p style='margin:0in;margin-bottom:.0001pt;text-align:justify;font-size:11.0pt;font-family:"Times New Roman";line-height:13.0pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <font face="Wingdings">&#111;</font>&nbsp;&nbsp;
<font size="3">Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425)</font></p>

<p style='margin:0in;margin-bottom:.0001pt;text-align:justify;font-size:11.0pt;font-family:"Times New Roman";line-height:13.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;text-align:justify;font-size:11.0pt;font-family:"Times New Roman";line-height:13.0pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <font face="Wingdings">&#111;</font>&nbsp;&nbsp;<font size="3"> Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR 240.14a-12)</font></p>

<p style='margin:0in;margin-bottom:.0001pt;text-align:justify;font-size:11.0pt;font-family:"Times New Roman";line-height:13.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;text-align:justify;font-size:11.0pt;font-family:"Times New Roman";line-height:13.0pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <font face="Wingdings">&#111;</font>&nbsp;&nbsp;
<font size="3">Pre-commencement communications pursuant to
Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>

<p style='margin:0in;margin-bottom:.0001pt;text-align:justify;font-size:11.0pt;font-family:"Times New Roman";line-height:13.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;text-align:justify;font-size:11.0pt;font-family:"Times New Roman";line-height:13.0pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <font face="Wingdings">&#111;</font>&nbsp;&nbsp;
<font size="3">Pre-commencement communications pursuant to
Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>

<p style='margin-top:12.0pt;margin-right:0in;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;font-size:11.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;text-align:justify;font-size:11.0pt;font-family:"Times New Roman";line-height:13.0pt'>&nbsp;</p>

</div>

<hr color="#000080"><br clear=all
style='page-break-before:always'>


<div style='page:Section2;'>

<p style='margin:0in;margin-bottom:.0001pt;text-align:justify;font-size:11.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%'>
 <tr>
  <td width="3%" style='width:3.0%;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;text-align:justify;font-size:11.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td width="1%" style='width:1.0%;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;text-align:justify;font-size:11.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td style='padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;text-align:justify;font-size:11.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td nowrap valign=top style='padding:0in 0in 0in 0in'>
  <p style='margin-bottom:.0001pt;text-align:justify;font-family:"Times New Roman"; margin-left:0in; margin-right:0in; margin-top:0in'><b>Item&nbsp;5.02
  </b></p>
  </td>
  <td valign=top style='padding:0in 0in 0in 0in'>
  <p style='margin-bottom:.0001pt;text-align:justify;font-family:"Times New Roman"; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp; </p>
  </td>
  <td valign=top style='padding:0in 0in 0in 0in'>
  <p style='margin-bottom:.0001pt;text-align:justify;font-family:"Times New Roman"; margin-left:0in; margin-right:0in; margin-top:0in'><b>Departure of
  Directors or Certain Officers; Election of Directors; Appointment of Certain
  Officers; Compensatory Arrangements of Certain Officers </b></p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;text-align:justify;font-size:11.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin-bottom:.0001pt;text-align:justify;font-family:"Times New Roman";text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>On January 17, 2008, concurrent with the first payroll to be paid
in calendar year 2008, the annual base salaries for Patrick Johnson, Executive
Vice President and Chief Business Development Officer of the Company, and
Jeffrey J. Ritchey, Chief Financial Officer, Vice President and Secretary of
the Company are to be increased per approval of the Compensation Committee of
the Board of Directors of Pro-Dex, Inc. (the &#147;Company&#148;) at its December 4, 2007
meeting effective December 31, 2007.&nbsp; Mr.&nbsp;Johnson&#146;s 2008 base salary is
$210,000 (his prior salary was $180,000).&nbsp; Mr. Ritchey&#146;s 2008 base salary is
$165,000 (his prior salary was $149,522).&nbsp; Mr. Ritchey will also receive an
annual grant of 6,000 options to purchase the Company&#146;s common stock on
December 1 of each year that he is employed by the Company.&nbsp; The exercise price
of such options shall be the closing price of the Company&#146;s common stock on the
date of grant.&nbsp; Both individuals are eligible for bonus payments based on the
Company reaching certain quarterly and annual operating income targets.&nbsp; The
bonus is based on a formula that will pay 7.5% of the base salary if the
quarterly operating income targets are reached and an additional 7.5% of the
base salary if the annual operating income targets are met.&nbsp; If targets are
exceeded, the bonus level rises on a linear basis by the same percentage
increase.&nbsp; For example, if the operating income for a quarter equals 125% of
the target amount, the bonus will equal 7.5% of base salary multiplied by
125%.&nbsp; If the targets are not met, the percentage payment is reduced on a
linear basis by the same percentage level below the target.&nbsp; For example, if
the operating income for a quarter equals 85% of the target amount, the bonus
will equal 7.5% of base salary multiplied by 85%.&nbsp; If less than 80% of the target
is achieved, the bonus is reduced to zero.&nbsp; The quarterly and annual bonus
earned is paid quarterly and annually only after the completion of the review
or audit of the period to which such bonus relates.&nbsp; Both individuals are also
employed on an &#147;at will&#148; basis.&nbsp; </p>

<p style='margin:0in;margin-bottom:.0001pt;text-align:justify;font-size:11.0pt;font-family:"Times New Roman";text-indent:.5in'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;text-align:justify;font-size:11.0pt;font-family:"Times New Roman";text-indent:.5in'>&nbsp;</p>

<p style='margin-bottom:.0001pt;text-align:justify;font-family:"Times New Roman";text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>On January 7, 2008, the Company entered into a Severance Agreement
with Jeff Ritchey, Chief Financial Officer, Vice President and Secretary which
continues until termination by either party. Pursuant to the Severance
Agreement, if the Mr.&nbsp;Ritchey&#146;s employment is involuntarily terminated by
the Company without &#147;cause&#148; or by Mr.&nbsp;Ritchey for &#147;good reason,&#148;
Mr.&nbsp;Ritchey is entitled to four month&#146;s salary. </p>

<p style='margin:0in;margin-bottom:.0001pt;text-align:justify;font-size:11.0pt;font-family:"Times New Roman";text-align:left'>&nbsp;</p>

<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman";margin-top:12.0pt;margin-right:0in;margin-bottom:0in;margin-left:
..25in;margin-bottom:.0001pt;text-align:justify'><b>&nbsp;</b></p>

<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman";margin-bottom:.0001pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b></p>

<b><hr color="#000080"><font face="Times New Roman"><br clear=all
style='page-break-before:always'>
</font>
</b>

<p style='margin-top:12.0pt;margin-right:0in;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;font-size:11.0pt;font-family:"Times New Roman";text-align:left;text-indent:0in'><b><font style="font-size: 12.0pt">&nbsp;</font></b></p>

<p style='margin-right:0in;margin-left:0in;font-family:"Times New Roman";margin-bottom:.0001pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><b>Item 9.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial
Statements and Exhibits.</b></p>

<p style='margin-top:12.0pt;margin-right:0in;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;font-family:"Times New Roman";margin-left:1.0in;text-align:left;text-indent:
-1.0in'><b>(d) Exhibits:</b></p>

<p style='margin-top:12.0pt;margin-right:0in;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;font-size:11.0pt;font-family:"Times New Roman";margin-top:0in;text-align:left;text-indent:
0in;page-break-after:avoid'>&nbsp;</p>

<div align="left">

<table class=MsoNormalTable border=0 cellpadding=0
 style='margin-left:11.25pt;border-collapse:collapse' width="100%">

  <tr style='page-break-inside:avoid'>
   <td width=63 valign=top style='width:47.55pt;padding:.05in 5.75pt .05in 5.75pt'>
   <p style='margin-top:12.0pt;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-align:justify;font-family:"Times New Roman";margin-left:0in'><u>Number</u></p>
   </td>
   <td width=561 valign=top style='width:420.7pt;padding:.05in 5.75pt .05in 5.75pt'>
   <p style='margin-top:12.0pt;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-align:justify;font-family:"Times New Roman";margin-left:0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Description</u></p>
   </td>
  </tr>

 <tr style='page-break-inside:avoid'>
  <td width=63 valign=top style='width:47.55pt;padding:.05in 5.75pt .05in 5.75pt'>
  <p style='margin:0in;margin-bottom:.0001pt;text-align:justify;font-size:11.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td width=561 valign=top style='width:420.7pt;padding:.05in 5.75pt .05in 5.75pt'>
  <p style='margin:0in;margin-bottom:.0001pt;text-align:justify;font-size:11.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=63 valign=top style='width:47.55pt;padding:.05in 5.75pt .05in 5.75pt'>
  <p style='margin-bottom:.0001pt;text-align:justify;font-family:"Times New Roman"; margin-left:0in; margin-right:0in; margin-top:0in'>10.1</p>
  </td>
  <td valign=top style='padding-left:5.75pt; padding-right:5.75pt; padding-top:.05in; padding-bottom:.05in'>
  <p style='margin-bottom:.0001pt;text-align:justify;font-family:"Times New Roman";text-align:left; margin-left:0in; margin-right:0in; margin-top:0in'>Amendment to Employment
  Agreement between Patrick Johnson and Pro-Dex, Inc. dated January 7, 2008.</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width=63 valign=top style='width:47.55pt;padding:.05in 5.75pt .05in 5.75pt'>
  <p style='margin-bottom:.0001pt;text-align:justify;font-family:"Times New Roman"; margin-left:0in; margin-right:0in; margin-top:0in'>10.2</p>
  </td>
  <td valign=top style='padding-left:5.75pt; padding-right:5.75pt; padding-top:.05in; padding-bottom:.05in'>
  <p style='margin-bottom:.0001pt;text-align:justify;font-family:"Times New Roman";text-align:left; margin-left:0in; margin-right:0in; margin-top:0in'>Severance Agreement
  between Jeffrey J. Ritchey and Pro-Dex, Inc. dated January 7, 2008.</p>
  </td>
 </tr>
</table>

</div>

<p style='margin-top:6.0pt;margin-right:0in;margin-bottom:0in;margin-left:.25in;margin-bottom:.0001pt;text-align:justify;text-indent:10.5pt;font-size:11.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin-top:6.0pt;margin-right:0in;margin-bottom:0in;margin-left:.25in;margin-bottom:.0001pt;text-align:justify;text-indent:10.5pt;font-size:11.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin-top:6.0pt;margin-right:0in;margin-bottom:0in;margin-left:.25in;margin-bottom:.0001pt;text-align:justify;text-indent:10.5pt;font-size:11.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin-top:6.0pt;margin-right:0in;margin-bottom:0in;margin-left:.25in;margin-bottom:.0001pt;text-align:justify;text-indent:10.5pt;font-size:11.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin-top:6.0pt;margin-right:0in;margin-bottom:0in;margin-left:.25in;margin-bottom:.0001pt;text-align:justify;text-indent:10.5pt;font-size:11.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin-top:12.0pt;margin-right:0in;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-family:"Times New Roman";font-weight:bold'>SIGNATURE</p>

<p style='margin-bottom:.0001pt;text-align:justify;text-indent:.5in;line-height:200%;font-family:"Times New Roman";text-align:left;line-height:normal; margin-left:0in; margin-right:0in; margin-top:0in'>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='margin-top:12.0pt;margin-right:0in;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;font-family:"Times New Roman";margin-left:3.0in;text-align:left;
text-indent:-2.5in'>Date:&nbsp; January 8, 2008&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pro-Dex, Inc.<br>
<br>
By: <u>/s/ Jeffrey J. Ritchey <br>
</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jeffrey J. Ritchey, Chief Financial Officer,<br>
Secretary and Vice President</p>

<p style='margin:0in;margin-bottom:.0001pt;text-align:justify;font-size:11.0pt;font-family:"Times New Roman";'>&nbsp;</p>

</div>

</body>

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{"company-data": {"conformed-name": "PRO DEX INC", "cik": "0000788920", "assigned-sic": "3841", "irs-number": "841261240", "state-of-incorporation": "CO", "fiscal-year-end": "0608"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-14942", "film-number": "08520186"}, "business-address": {"street1": "MICRO MOTORS, INC.", "street2": "151 EAST COLUMBINE", "city": "SANTA ANA", "state": "CA", "zip": "92707", "phone": "714-241-4411"}, "mail-address": {"street1": "MICRO MOTORS INC.", "street2": "151 EAST COLUMBINE", "city": "SANTA ANA", "state": "CA", "zip": "92707"}}
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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 31, 2007
Pro-Dex, Inc
(Exact name of registrant as specified
in its charter)
Colorado
(State or other
  jurisdiction
of incorporation)
0-14942
(Commission
File Number)
84-1261240
(IRS Employer
Identification No.)
151
E. Columbine Avenue, Santa Ana, California 92707
(Address of principal executive offices)     (Zip
Code)
Registrant's telephone number, including area code
714-241-4411
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 (see General Instruction A.2.
below):
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 5.02
Departure of
  Directors or Certain Officers; Election of Directors; Appointment of Certain
  Officers; Compensatory Arrangements of Certain Officers
On January 17, 2008, concurrent with the first payroll to be paid
in calendar year 2008, the annual base salaries for Patrick Johnson, Executive
Vice President and Chief Business Development Officer of the Company, and
Jeffrey J. Ritchey, Chief Financial Officer, Vice President and Secretary of
the Company are to be increased per approval of the Compensation Committee of
the Board of Directors of Pro-Dex, Inc. (the "Company") at its December 4, 2007
meeting effective December 31, 2007.  Mr. Johnson's 2008 base salary is
$210,000 (his prior salary was $180,000).  Mr. Ritchey's 2008 base salary is
$165,000 (his prior salary was $149,522).  Mr. Ritchey will also receive an
annual grant of 6,000 options to purchase the Company's common stock on
December 1 of each year that he is employed by the Company.  The exercise price
of such options shall be the closing price of the Company's common stock on the
date of grant.  Both individuals are eligible for bonus payments based on the
Company reaching certain quarterly and annual operating income targets.  The
bonus is based on a formula that will pay 7.5% of the base salary if the
quarterly operating income targets are reached and an additional 7.5% of the
base salary if the annual operating income targets are met.  If targets are
exceeded, the bonus level rises on a linear basis by the same percentage
increase.  For example, if the operating income for a quarter equals 125% of
the target amount, the bonus will equal 7.5% of base salary multiplied by
125%.  If the targets are not met, the percentage payment is reduced on a
linear basis by the same percentage level below the target.  For example, if
the operating income for a quarter equals 85% of the target amount, the bonus
will equal 7.5% of base salary multiplied by 85%.  If less than 80% of the target
is achieved, the bonus is reduced to zero.  The quarterly and annual bonus
earned is paid quarterly and annually only after the completion of the review
or audit of the period to which such bonus relates.  Both individuals are also
employed on an "at will" basis.
On January 7, 2008, the Company entered into a Severance Agreement
with Jeff Ritchey, Chief Financial Officer, Vice President and Secretary which
continues until termination by either party. Pursuant to the Severance
Agreement, if the Mr. Ritchey's employment is involuntarily terminated by
the Company without "cause" or by Mr. Ritchey for "good reason,"
Mr. Ritchey is entitled to four month's salary.
Item 9.01.       Financial
Statements and Exhibits.
(d) Exhibits:
Number
Description
10.1
Amendment to Employment
  Agreement between Patrick Johnson and Pro-Dex, Inc. dated January 7, 2008.
10.2
Severance Agreement
  between Jeffrey J. Ritchey and Pro-Dex, Inc. dated January 7, 2008.
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.
Date:  January 8, 2008                       Pro-Dex, Inc.
By:
/s/ Jeffrey J. Ritchey
Jeffrey J. Ritchey, Chief Financial Officer,
Secretary and Vice President