<html>

<head>
<!-- Document Prepared With IDEAxfiler Software-->
<!-- Copyright 2009 IDEAxfiler TRADEMARK-->
<!-- All rights reserved EDGAR2.com -->



<title>Pro-Dex Form 8-K</title>



</head>

<body lang=EN-US link=blue vlink=purple>

<div style='page:Section1;'>

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

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

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;text-align:center;font-size:12.0pt;font-family:"Times New Roman";'><b>UNITED STATES</b></p>

<p style='margin:0in;margin-bottom:.0001pt;text-align:center;font-size:12.0pt;font-family:"Times New Roman";'><b>SECURITIES AND EXCHANGE COMMISSION</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'><b><font style="font-size: 12.0pt">Washington,
 D.C. 20549</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'><font style="font-size: 12.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'><font style="font-size: 12.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'><b><font style="font-size: 12.0pt">FORM 8-K</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'><b><font style="font-size: 12.0pt">&nbsp;</font></b></p>

<h2 style='margin:0in;margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman";font-weight:bold;'>CURRENT REPORT</h2>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'><b><font style="font-size: 12.0pt">Pursuant to Section 13 OR 15(d) of the</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'><b><font style="font-size: 12.0pt">Securities Exchange Act of 1934</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'><font style="font-size: 12.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'><font style="font-size: 12.0pt">Date of Report </font></p>

<h1 style='margin:0in;margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman";font-weight:normal;'>(Date of earliest event reported)<b> </b></h1>

<h1 style='margin:0in;margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman";font-weight:normal;'><b>July 14, 2010</b></h1>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'><font style="font-size: 12.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'><font style="font-size: 12.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'><b><font style="font-size: 12.0pt">PRO-DEX, INC.</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'><font style="font-size: 12.0pt">(Exact name of registrant as specified in its charter)</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'><font style="font-size: 12.0pt">&nbsp;</font></p>

<table border="0" style="border-collapse: collapse" width="100%" id="table1">
	<tr>
		<td width="33%" align="center">

<p style='margin-bottom:0;font-size:10.0pt;font-family:"Times New Roman";text-align:center; margin-top:0'><b><font style="font-size: 12.0pt">COLORADO</font></b></p>
		</td>
		<td align="center" width="34%">
		<p style="margin-top: 0; margin-bottom: 0">
		<font style="font-size: 12.0pt" face="Times New Roman"><b>0-14942</b></font></td>
		<td width="33%" align="center">
		<p style="margin-top: 0; margin-bottom: 0"><b>
		<font style="font-size: 12.0pt" face="Times New Roman">84-1261240</font></b></td>
	</tr>
	<tr>
		<td width="33%" align="center">

<p style='margin-bottom:0;font-size:10.0pt;font-family:"Times New Roman"; margin-top:0'>
<font style="font-size: 12.0pt">(State or other</font></p></td>
		<td align="center" width="34%">
		<p style="margin-top: 0; margin-bottom: 0">
		<font style="font-size: 12.0pt" face="Times New Roman">(Commission File
		Number)</font></td>
		<td width="33%" align="center">
		<p style="margin-top: 0; margin-bottom: 0">
		<font style="font-size: 12.0pt" face="Times New Roman">(I.R.S.
Employer </font></td>
	</tr>
	<tr>
		<td width="33%" align="center">

<p style='margin-bottom:0;font-size:10.0pt;font-family:"Times New Roman"; margin-top:0'>
<font style="font-size: 12.0pt">jurisdiction of</font></p></td>
		<td align="center" width="34%">
		<p style="margin-top: 0; margin-bottom: 0">&nbsp;</td>
		<td width="33%" align="center">
		<p style="margin-top: 0; margin-bottom: 0">
		<font style="font-size: 12.0pt" face="Times New Roman">Identification
		Number)</font></td>
	</tr>
	<tr>
		<td width="33%" align="center">

<p style='margin-bottom:0;font-size:10.0pt;font-family:"Times New Roman";margin-top:0'>
<font style="font-size: 12.0pt">incorporation)</font></p>

		</td>
		<td align="center" width="34%">
		<p style="margin-top: 0; margin-bottom: 0">&nbsp;</td>
		<td width="33%" align="center">
		<p style="margin-top: 0; margin-bottom: 0">&nbsp;</td>
	</tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'><b><u><font style="font-size: 12.0pt">&nbsp;</font></u></b></p>

<p style='margin-bottom:.0001pt;font-family:"Times New Roman";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>2361 McGaw Avenue</b></p>

<p style='margin-bottom:.0001pt;font-family:"Times New Roman";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>Irvine, Ca.
92614</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'><font style="font-size: 12.0pt">(Address of principal executive offices, zip code)</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'><u><font style="font-size: 12.0pt">&nbsp;</font></u></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'><b><font style="font-size: 12.0pt">(949) 769-3200</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'><font style="font-size: 12.0pt">(Registrant&#146;s telephone number, including area code)</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-autospace:none'><font style="font-size: 12.0pt">&nbsp;</font></p>

<p style='margin-bottom:.0001pt;font-family:"Times New Roman";text-autospace:none; margin-left:0in; margin-right:0in; margin-top:0in'>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 ( <i>see </i>General
Instruction A.2. below): </p>

<p style='margin-bottom:.0001pt;font-family:"Times New Roman";text-autospace:none; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;&nbsp;&nbsp;&nbsp; [ ]
&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425) </p>

<p style='margin-bottom:.0001pt;font-family:"Times New Roman";text-autospace:none; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;&nbsp;&nbsp;&nbsp; [ ]
&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12) </p>

<p style='margin-bottom:.0001pt;font-family:"Times New Roman";text-autospace:none; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;&nbsp;&nbsp;&nbsp; [ ]
&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b)) </p>

<p style='margin-bottom:.0001pt;font-family:"Times New Roman";text-autospace:none; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;&nbsp;&nbsp;&nbsp; [ ]
&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c)) </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'><font style="font-size: 12.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

</div>

<font face="Times New Roman">

<b><u><br
clear=all style='page-break-before:always'>
</u></b>

</font>

<div style='page:Section2;'>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-indent:.5in'><font style="font-size: 12.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-autospace:none'><b><u><font style="font-size: 12.0pt">Item 5.02</font></u><font style="font-size: 12.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</font><u><font size="3">Departure of Directors or
Certain Officers; Election of Directors;<br>
</font>
</u><font size="3">&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; <u>Appointment
of Certain Officers; Compensatory Arrangements of <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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font> <u><font size="3">Certain Officers.</font></u></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Times New Roman"; margin-left:0in; margin-right:0in; margin-top:0in'>(e) </p>

<p style='font-family:"Times New Roman"; margin-left:0in; margin-right:0in'><i>Adoption of
Compensatory Plans.</i></p>

<p style='font-family:"Times New Roman"; margin-left:0in; margin-right:0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On July
14, 2010, the Board of Directors (the &#147;Board&#148;) of Pro-Dex, Inc. (the &#147;Company&#148;)
acting in executive session and upon recommendation of the Company&#146;s
Compensation Committee, approved: </p>

<ul>
	<li>
	<p style='font-family:"Times New Roman";margin-right:0in'>A Long-Term Incentive
Plan (the &#147;LTIP&#148;) to provide equity-based incentive opportunities for the
Company&#146;s executives and other key personnel.&nbsp; The LTIP is attached to this
report as Exhibit 10.1, which exhibit is incorporated herein by reference.</p>
	</li>
	<li>
	<p style='font-family:"Times New Roman";margin-right:0in'>An Annual Incentive
Plan (the &#147;AIP&#148;) to provide annual cash-based incentive opportunities for the
Company&#146;s key employees.&nbsp; The AIP is attached to this report as Exhibit 10.2,
which exhibit is incorporated herein by reference.</p></li>
	<li>
	<p style='font-family:"Times New Roman";margin-right:0in'>A new compensation plan
for non-employee directors of the Board, effective as of July 1, 2010, which is
described in Exhibit 10.3 hereto, which exhibit is incorporated herein by
reference.</p></li>
</ul>

<p style='font-family:"Times New Roman"; margin-left:0in; margin-right:0in'><i>Employment
Arrangement between the Company and Mark P. Murphy.</i></p>

<p style='font-family:"Times New Roman"; margin-left:0in; margin-right:0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On
July 14, 2010, the Company and Mark P. Murphy, the Chief Executive Officer of
the Company, entered into an at-will employment arrangement (&#147;Employment
Arrangement&#148;).&nbsp; The Employment Arrangement is attached to this report as
Exhibit 10.4, which exhibit is incorporated herein by this reference.&nbsp; Under
the terms of the Employment Arrangement, Mr. Murphy will report to the Board
and his compensation will consist of the following components:</p>

<ul>
	<li>
	<p style='font-family:"Times New Roman";margin-right:0in'>A base salary at an
annualized rate of $300,000, subject to increases from time to time at the
discretion of the Board.&nbsp; The base salary will be payable in accordance with
the Company&#146;s normal payroll practices, and subject to all legally-required
deductions.</p></li>
	<li>
	<p style='font-family:"Times New Roman";margin-right:0in'>Participation in all
Company incentive compensation plans open to senior executives of the Company,
subject to the terms and provisions of the applicable plan documents of the Company
covering any such plans.&nbsp; </p></li>
	<li>
	<p style='font-family:"Times New Roman";margin-right:0in'>Mr. Murphy is
	permitted to participate in any program of stock options or other equity
	grants which the Company may from time to time provide key employees. <font style="font-size: 12.0pt">Such grants are made under the terms and provisions of
the First Amended and Restated 2004 Stock Option Plan in varying amounts to
individual participants based upon their perceived impact upon the long term
success of the Company and are made at the sole and absolute discretion of the
Board, generally at the first Board meeting following the filing of the
Company&#146;s Form 10-K for the previous fiscal year.&nbsp;&nbsp; Subject to the foregoing, the
initial grant under this program will be 50,000 options to purchase the
Company&#146;s common shares at the average of the high and low prices for the
Company&#146;s shares on the grant date and which will vest ratably over the 36
month period following the grant date.&nbsp;&nbsp; The options will have a term of ten
years from the grant date and to the maximum extent permissible under the
relevant Internal Revenue Service regulations, will be made as Incentive Stock
Options.</font></p>
	</li>
</ul>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=744
 style='width:7.75in;border-collapse:collapse'>
 <tr>
  <td width=252 valign=bottom style='width:189.0pt;padding:0in 1.8pt 0in 1.8pt'>
  <p style='margin-bottom:.0001pt;font-family:"Times New Roman"; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
  </td>
  <td width=120 valign=bottom style='width:1.25in;padding:0in 1.8pt 0in 1.8pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td width=120 valign=bottom style='width:1.25in;padding:0in 1.8pt 0in 1.8pt'>
  <p style='margin-bottom:.0001pt;font-family:"Times New Roman";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
  </td>
  <td width=252 valign=bottom style='width:189.0pt;padding:0in 1.8pt 0in 1.8pt'>
  <p style='margin-bottom:.0001pt;font-family:"Times New Roman";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";' align="center">
<font size="3">&nbsp;2</font></p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<font face="Times New Roman">

<br clear=all
style='page-break-before:always'>


</font>


<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<ul>
	<li>
	<p style='font-family:"Times New Roman";margin-right:0in'>Health, dental,
disability and life insurance, qualified retirement plans, and optional
employee benefits of the Company on the same terms as other employees of the
Company, except Mr. Murphy will not participate in the Company-wide employee
quarterly bonus/non-qualified profit sharing plan.</p></li>
	<li>
	<p style='font-family:"Times New Roman";margin-right:0in'>If Mr. Murphy&#146;s
employment with the Company terminates for any reason, the Company shall pay
his (i) salary up through the date of termination, plus; (ii) any AIP or LTIP
awards earned but not yet paid as of the termination date.&nbsp; In addition, in the
event Mr. Murphy is terminated involuntarily by the Company without &#147;Cause&#148; or
following a &#147;Change in Control,&#148; or in the event that he resigns for &#147;Good
Reason,&#148; each as defined in the Employment Arrangement, the Company shall pay
Mr. Murphy severance compensation equal to one (1.0) times his then-current
annual base salary.</p></li>
</ul>

<pre style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</pre>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'><b><u><font style="font-size: 12.0pt">Item 9.01</font></u><font style="font-size: 12.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Financial Statements and
Exhibits.</u></font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'><font style="font-size: 12.0pt">&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibit.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'><font style="font-size: 12.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'><font style="font-size: 12.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibit
10.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Incentive Plan.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'><font style="font-size: 12.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'><font style="font-size: 12.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibit
10.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annual Incentive Plan for the Senior Management.</font></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-align:justify;text-indent:-.5in;font-size:12.0pt;font-family:"Times New Roman";margin-top:12.0pt;margin-right:
0in;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:left;
text-indent:.5in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibit 10.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Description of Non-Employee
Director Compensation Program.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-align:justify;text-indent:-.5in;font-size:12.0pt;font-family:"Times New Roman";margin-top:12.0pt;margin-right:
0in;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:left;
text-indent:.5in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibit 10.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Employment Arrangement between
Pro-Dex, Inc. and Mark Murphy dated July 14, 2010.</p>
<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-align:justify;text-indent:-.5in;font-size:12.0pt;font-family:"Times New Roman";margin-top:12.0pt;margin-right:
0in;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:left;
text-indent:.5in'>&nbsp;</p>
<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-align:justify;text-indent:-.5in;font-size:12.0pt;font-family:"Times New Roman";margin-top:12.0pt;margin-right:
0in;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:left;
text-indent:.5in'>&nbsp;</p>
<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-align:justify;text-indent:-.5in;font-size:12.0pt;font-family:"Times New Roman";margin-top:12.0pt;margin-right:
0in;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:left;
text-indent:.5in'>&nbsp;</p>
<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-align:justify;text-indent:-.5in;font-size:12.0pt;font-family:"Times New Roman";margin-top:12.0pt;margin-right:
0in;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:left;
text-indent:.5in'>&nbsp;</p>
<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-align:justify;text-indent:-.5in;font-size:12.0pt;font-family:"Times New Roman";margin-top:12.0pt;margin-right:
0in;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:left;
text-indent:.5in'>&nbsp;</p>
<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-align:justify;text-indent:-.5in;font-size:12.0pt;font-family:"Times New Roman";margin-top:12.0pt;margin-right:
0in;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:left;
text-indent:.5in'>&nbsp;</p>
<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-align:justify;text-indent:-.5in;font-size:12.0pt;font-family:"Times New Roman";margin-top:12.0pt;margin-right:
0in;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:left;
text-indent:.5in'>&nbsp;</p>
<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-align:justify;text-indent:-.5in;font-size:12.0pt;font-family:"Times New Roman";margin-top:12.0pt;margin-right:
0in;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:left;
text-indent:.5in'>&nbsp;</p>
<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-align:justify;text-indent:-.5in;font-size:12.0pt;font-family:"Times New Roman";margin-top:12.0pt;margin-right:
0in;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:left;
text-indent:.5in'>&nbsp;</p>
<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-align:justify;text-indent:-.5in;font-size:12.0pt;font-family:"Times New Roman";margin-top:12.0pt;margin-right:
0in;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:left;
text-indent:.5in'>&nbsp;</p>
<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-align:justify;text-indent:-.5in;font-size:12.0pt;font-family:"Times New Roman";margin-top:12.0pt;margin-right:
0in;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:left;
text-indent:.5in'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Times New Roman"; margin-left:0in; margin-right:0in; margin-top:0in' align="center">&nbsp;3</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<font face="Times New Roman">

<br clear=all
style='page-break-before:always'>


</font>


<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'><b><font style="font-size: 12.0pt">SIGNATURES</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'><font style="font-size: 12.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'><font style="font-size: 12.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;text-align:justify;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 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:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'><font style="font-size: 12.0pt">&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'><font style="font-size: 12.0pt">&nbsp;</font></p>

<table border="0" style="border-collapse: collapse" width="100%" id="table2">
	<tr>
		<td width="50%"><font style="font-size: 12.0pt">Date:&nbsp; July 16, 2010</font></td>
		<td width="50%">

<p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman"; margin-right:0in; margin-top:0in'>
<font style="font-size: 12.0pt"><b>PRO-DEX, Inc (Registrant).</b></font></p>

		</td>
	</tr>
	<tr>
		<td width="50%">&nbsp;</td>
		<td width="50%">

<p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman"; margin-right:0in; margin-top:0in'><font style="font-size: 12.0pt">&nbsp;</font></p>

		</td>
	</tr>
	<tr>
		<td width="50%">&nbsp;</td>
		<td width="50%">

<p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman"; margin-right:0in; margin-top:0in'><font style="font-size: 12.0pt">&nbsp;</font></p>

		</td>
	</tr>
	<tr>
		<td width="50%">&nbsp;</td>
		<td width="50%">

<p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";margin-right:0in; margin-top:0in'><font style="font-size: 12.0pt">By:
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>/s/&nbsp; Jeffrey J. Ritchey&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></font></p>

		</td>
	</tr>
	<tr>
		<td width="50%">&nbsp;</td>
		<td width="50%">

<h3 style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-bottom:.0001pt;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman";font-weight:normal'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jeffrey J. Ritchey</h3>

		</td>
	</tr>
	<tr>
		<td width="50%">&nbsp;</td>
		<td width="50%">

<h3 style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-bottom:.0001pt;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman";font-weight:normal'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Financial Officer</h3>

		</td>
	</tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Times New Roman"; margin-left:0in; margin-right:0in; margin-top:0in' align="center">&nbsp;</p>
<p style='margin-bottom:.0001pt;font-family:"Times New Roman"; margin-left:0in; margin-right:0in; margin-top:0in' align="center">&nbsp;</p>
<p style='margin-bottom:.0001pt;font-family:"Times New Roman"; margin-left:0in; margin-right:0in; margin-top:0in' align="center">&nbsp;</p>
<p style='margin-bottom:.0001pt;font-family:"Times New Roman"; margin-left:0in; margin-right:0in; margin-top:0in' align="center">&nbsp;</p>
<p style='margin-bottom:.0001pt;font-family:"Times New Roman"; margin-left:0in; margin-right:0in; margin-top:0in' align="center">&nbsp;</p>
<p style='margin-bottom:.0001pt;font-family:"Times New Roman"; margin-left:0in; margin-right:0in; margin-top:0in' align="center">&nbsp;</p>
<p style='margin-bottom:.0001pt;font-family:"Times New Roman"; margin-left:0in; margin-right:0in; margin-top:0in' align="center">&nbsp;</p>
<p style='margin-bottom:.0001pt;font-family:"Times New Roman"; margin-left:0in; margin-right:0in; margin-top:0in' align="center">&nbsp;</p>
<p style='margin-bottom:.0001pt;font-family:"Times New Roman"; margin-left:0in; margin-right:0in; margin-top:0in' align="center">4</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<font face="Times New Roman">

<br clear=all
style='page-break-before:always'>


</font>


<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'><b><font style="font-size: 12.0pt">INDEX TO EXHIBITS</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'><b><font style="font-size: 12.0pt">&nbsp;</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'><b><font style="font-size: 12.0pt">&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b></p>

<h4 style='margin:0in;margin-bottom:.0001pt;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman";font-weight:bold;'>&nbsp;&nbsp;  Exhibit</h4>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'><b><u><font style="font-size: 12.0pt">&nbsp; Number&nbsp; </font></u><font style="font-size: 12.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Description&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'><font style="font-size: 12.0pt">&nbsp;</font></p>

<p style='font-size:10.0pt;font-family:"Times New Roman"; margin-left:0in; margin-right:0in; margin-top:0in'><font style="font-size: 12.0pt">Exhibit 10.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term
Incentive Plan.</font></p>

<p style='font-size:10.0pt;font-family:"Times New Roman"; margin-left:0in; margin-right:0in; margin-top:0in'><font style="font-size: 12.0pt">Exhibit 10.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annual
Incentive Plan for the Senior Management.</font></p>

<p style='margin-top:0in;margin-right:0in;margin-left:1.5in;text-align:justify;text-indent:-.5in;font-size:12.0pt;font-family:"Times New Roman";margin-top:12.0pt;margin-right:
0in;margin-left:0in;text-align:left;
text-indent:0in'>Exhibit 10.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Description of Non-Employee Director Compensation
Program.</p>

<p style='margin-top:0in;margin-right:0in;margin-left:1.5in;text-align:justify;text-indent:-.5in;font-size:12.0pt;font-family:"Times New Roman";margin-left:0in;text-align:left;
text-indent:0in;'>Exhibit 10.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Employment Arrangement
between Pro-Dex, Inc. and Mark Murphy dated July 14, 2010.</p>
<p style='margin-top:0in;margin-right:0in;margin-left:1.5in;text-align:justify;text-indent:-.5in;font-size:12.0pt;font-family:"Times New Roman";margin-left:0in;text-align:left;
text-indent:0in;'>&nbsp;</p>
<p style='margin-top:0in;margin-right:0in;margin-left:1.5in;text-align:justify;text-indent:-.5in;font-size:12.0pt;font-family:"Times New Roman";margin-left:0in;text-align:left;
text-indent:0in;'>&nbsp;</p>
<p style='margin-top:0in;margin-right:0in;margin-left:1.5in;text-align:justify;text-indent:-.5in;font-size:12.0pt;font-family:"Times New Roman";margin-left:0in;text-align:left;
text-indent:0in;'>&nbsp;</p>
<p style='margin-top:0in;margin-right:0in;margin-left:1.5in;text-align:justify;text-indent:-.5in;font-size:12.0pt;font-family:"Times New Roman";margin-left:0in;text-align:left;
text-indent:0in;'>&nbsp;</p>
<p style='margin-top:0in;margin-right:0in;margin-left:1.5in;text-align:justify;text-indent:-.5in;font-size:12.0pt;font-family:"Times New Roman";margin-left:0in;text-align:left;
text-indent:0in;'>&nbsp;</p>
<p style='margin-top:0in;margin-right:0in;margin-left:1.5in;text-align:justify;text-indent:-.5in;font-size:12.0pt;font-family:"Times New Roman";margin-left:0in;text-align:left;
text-indent:0in;'>&nbsp;</p>
<p style='margin-top:0in;margin-right:0in;margin-left:1.5in;text-align:justify;text-indent:-.5in;font-size:12.0pt;font-family:"Times New Roman";margin-left:0in;text-align:left;
text-indent:0in;'>&nbsp;</p>
<p style='margin-top:0in;margin-right:0in;margin-left:1.5in;text-align:justify;text-indent:-.5in;font-size:12.0pt;font-family:"Times New Roman";margin-left:0in;text-align:left;
text-indent:0in;'>&nbsp;</p>
<p style='margin-top:0in;margin-right:0in;margin-left:1.5in;text-align:justify;text-indent:-.5in;font-size:12.0pt;font-family:"Times New Roman";margin-left:0in;text-align:left;
text-indent:0in;'>&nbsp;</p>
<p style='margin-top:0in;margin-right:0in;margin-left:1.5in;text-align:justify;text-indent:-.5in;font-size:12.0pt;font-family:"Times New Roman";margin-left:0in;text-align:left;
text-indent:0in;'>&nbsp;</p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=744
 style='width:7.75in;border-collapse:collapse'>
 <tr>
  <td width=252 valign=bottom style='width:189.0pt;padding:0in 1.8pt 0in 1.8pt'>
  <p style='margin-bottom:.0001pt;font-family:"Times New Roman"; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
  </td>
  <td width=120 valign=bottom style='width:1.25in;padding:0in 1.8pt 0in 1.8pt'>
  <p style='margin-bottom:.0001pt;font-family:"Times New Roman";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
  </td>
  <td width=120 valign=bottom style='width:1.25in;padding:0in 1.8pt 0in 1.8pt'>
  <p style='margin-bottom:.0001pt;font-family:"Times New Roman";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
  </td>
  <td width=252 valign=bottom style='width:189.0pt;padding:0in 1.8pt 0in 1.8pt'>
  <p style='margin-bottom:.0001pt;font-family:"Times New Roman";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
  </td>
 </tr>
</table>

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

<div style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-align:justify;text-indent:-.5in;font-size:12.0pt;font-family:"Times New Roman";margin-left:0in;text-align:
center;text-indent:0in'>

&nbsp;</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.5in;margin-bottom:.0001pt;text-align:justify;text-indent:-.5in;font-size:12.0pt;font-family:"Times New Roman";margin-top:12.0pt;margin-right:
0in;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:left;
text-indent:0in'>&nbsp;</p>

</div>

</body>

</html>
[{"type": "8-K", "sequence": "1", "filename": "es8k.htm", "secsgml_size_bytes": 39237}]
{"company-data": {"conformed-name": "PRO DEX INC", "cik": "0000788920", "assigned-sic": "3841", "irs-number": "841261240", "state-of-incorporation": "CO", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-14942", "film-number": "10956445"}, "business-address": {"street1": "2361 MCGAW AVENUE", "city": "IRVINE", "state": "CA", "zip": "92614", "phone": "949-769-3200"}, "mail-address": {"street1": "2361 MCGAW AVENUE", "city": "IRVINE", "state": "CA", "zip": "92614"}}
Pro-Dex Form 8-K
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)
July 14, 2010
PRO-DEX, INC.
(Exact name of registrant as specified in its charter)
COLORADO
0-14942
84-1261240
(State or other
(Commission File
		Number)
(I.R.S.
Employer
jurisdiction of
Identification
		Number)
incorporation)
2361 McGaw Avenue
Irvine, Ca.
92614
(Address of principal executive offices, zip code)
(949) 769-3200
(Registrant's telephone number, including area code)
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):
[ ]
 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 5.02
Departure of Directors or
Certain Officers; Election of Directors;
Appointment
of Certain Officers; Compensatory Arrangements of
Certain Officers.
(e)
Adoption of
Compensatory Plans.
On July
14, 2010, the Board of Directors (the "Board") of Pro-Dex, Inc. (the "Company")
acting in executive session and upon recommendation of the Company's
Compensation Committee, approved:
A Long-Term Incentive
Plan (the "LTIP") to provide equity-based incentive opportunities for the
Company's executives and other key personnel.  The LTIP is attached to this
report as Exhibit 10.1, which exhibit is incorporated herein by reference.
An Annual Incentive
Plan (the "AIP") to provide annual cash-based incentive opportunities for the
Company's key employees.  The AIP is attached to this report as Exhibit 10.2,
which exhibit is incorporated herein by reference.
A new compensation plan
for non-employee directors of the Board, effective as of July 1, 2010, which is
described in Exhibit 10.3 hereto, which exhibit is incorporated herein by
reference.
Employment
Arrangement between the Company and Mark P. Murphy.
On
July 14, 2010, the Company and Mark P. Murphy, the Chief Executive Officer of
the Company, entered into an at-will employment arrangement ("Employment
Arrangement").  The Employment Arrangement is attached to this report as
Exhibit 10.4, which exhibit is incorporated herein by this reference.  Under
the terms of the Employment Arrangement, Mr. Murphy will report to the Board
and his compensation will consist of the following components:
A base salary at an
annualized rate of $300,000, subject to increases from time to time at the
discretion of the Board.  The base salary will be payable in accordance with
the Company's normal payroll practices, and subject to all legally-required
deductions.
Participation in all
Company incentive compensation plans open to senior executives of the Company,
subject to the terms and provisions of the applicable plan documents of the Company
covering any such plans.
Mr. Murphy is
	permitted to participate in any program of stock options or other equity
	grants which the Company may from time to time provide key employees.
Such grants are made under the terms and provisions of
the First Amended and Restated 2004 Stock Option Plan in varying amounts to
individual participants based upon their perceived impact upon the long term
success of the Company and are made at the sole and absolute discretion of the
Board, generally at the first Board meeting following the filing of the
Company's Form 10-K for the previous fiscal year.   Subject to the foregoing, the
initial grant under this program will be 50,000 options to purchase the
Company's common shares at the average of the high and low prices for the
Company's shares on the grant date and which will vest ratably over the 36
month period following the grant date.   The options will have a term of ten
years from the grant date and to the maximum extent permissible under the
relevant Internal Revenue Service regulations, will be made as Incentive Stock
Options.
2
Health, dental,
disability and life insurance, qualified retirement plans, and optional
employee benefits of the Company on the same terms as other employees of the
Company, except Mr. Murphy will not participate in the Company-wide employee
quarterly bonus/non-qualified profit sharing plan.
If Mr. Murphy's
employment with the Company terminates for any reason, the Company shall pay
his (i) salary up through the date of termination, plus; (ii) any AIP or LTIP
awards earned but not yet paid as of the termination date.  In addition, in the
event Mr. Murphy is terminated involuntarily by the Company without "Cause" or
following a "Change in Control," or in the event that he resigns for "Good
Reason," each as defined in the Employment Arrangement, the Company shall pay
Mr. Murphy severance compensation equal to one (1.0) times his then-current
annual base salary.
Item 9.01
Financial Statements and
Exhibits.
(d)       Exhibit.
Exhibit
10.1      Long-Term Incentive Plan.
Exhibit
10.2      Annual Incentive Plan for the Senior Management.
Exhibit 10.3      Description of Non-Employee
Director Compensation Program.
Exhibit 10.4      Employment Arrangement between
Pro-Dex, Inc. and Mark Murphy dated July 14, 2010.
3
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:  July 16, 2010
PRO-DEX, Inc (Registrant).
By:
/s/  Jeffrey J. Ritchey
Jeffrey J. Ritchey
Chief Financial Officer
4
INDEX TO EXHIBITS
Exhibit
Number
Description
Exhibit 10.1      Long-Term
Incentive Plan.
Exhibit 10.2      Annual
Incentive Plan for the Senior Management.
Exhibit 10.3      Description of Non-Employee Director Compensation
Program.
Exhibit 10.4      Employment Arrangement
between Pro-Dex, Inc. and Mark Murphy dated July 14, 2010.
5