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Tousa extends chief financial officer's employment agreement
By Caroline Salls
Pittsburgh, Jan. 6 - Tousa, Inc. has agreed to automatically extend the term of the employment agreement for chief financial officer Tommy McAden for one-month periods beginning Dec. 31, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
Either Tousa or McAden can terminate the agreement.
Tousa, a Hollywood, Fla.-based homebuilder, filed for bankruptcy on Jan. 29, 2008 in the U.S. Bankruptcy Court for the Southern District of Florida. Its Chapter 11 case number is 08-10928.
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