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\ue000\ue000
UNITED\ue000 STATES
SECURITIES\ue000 AND\ue000 EXCHANGE\ue000 COMMISSION
WASHINGTON,\ue000 D.C.\ue000 20549
\ue000
\ue000
FORM\ue000 8-K/A
\ue000
\ue000
CURRENT\ue000 REPORT
Pursuant\ue000 to\ue000 Section\ue000 13\ue000 or\ue000 15(d)\ue000 of\ue000 the\ue000 Securities\ue000 Exchange\ue000 Act\ue000 of\ue000 1934
Date\ue000 of\ue000 Report\ue000 (Date\ue000 of\ue000 earliest\ue000 event\ue000 reported):\ue000 February\ue000 2,\ue000 2009
\ue000
\ue000
U.S.\ue000 HOME\ue000 SYSTEMS,\ue000 INC.
(Exact\ue000 name\ue000 of\ue000 registrant\ue000 as\ue000 specified\ue000 in\ue000 its\ue000 charter)
\ue000
\ue000
\ue000
Delaware
\ue000
000-18291
\ue000
75-2922239
(State\ue000 or\ue000 other\ue000 jurisdiction
of\ue000 incorporation)
\ue000
(Commission\ue000 File\ue000 Number)
\ue000
(I.R.S.\ue000 Employer
Identification\ue000 Number)
\ue000
405\ue000 State\ue000 Highway\ue000 121\ue000 Bypass,\ue000 Building\ue000 A,\ue000 Suite\ue000 250
Lewisville,\ue000 Texas
\ue000
75067
(Address\ue000 of\ue000 principal\ue000 executive\ue000 offices)
\ue000
(Zip\ue000 Code)
Registrant\u2019s\ue000 telephone\ue000 number,\ue000 including\ue000 area\ue000 code:\ue000 (214)\ue000 488-6300
\ue000
\ue000
Check\ue000 the\ue000 appropriate\ue000 box\ue000 below\ue000 if\ue000 the\ue000 Form\ue000 8-K\ue000 filing\ue000 is\ue000 intended\ue000 to\ue000 simultaneously\ue000 satisfy\ue000 the\ue000 filing\ue000 obligation\ue000 of\ue000 the\ue000 registrant\ue000 under\ue000 any\ue000 of
the\ue000 following\ue000 provisions:
\ue000
\u00ae
Written\ue000 communications\ue000 pursuant\ue000 to\ue000 Rule\ue000 425\ue000 under\ue000 the\ue000 Securities\ue000 Act\ue000 (17\ue000 CFR\ue000 230.425)
\ue000
\u00ae
Soliciting\ue000 material\ue000 pursuant\ue000 to\ue000 Rule\ue000 14a-12\ue000 under\ue000 the\ue000 Exchange\ue000 Act\ue000 (17\ue000 CFR\ue000 240.14a-12)
\ue000
\u00ae
Pre-commencement\ue000 communications\ue000 pursuant\ue000 to\ue000 Rule\ue000 14d-2(b)\ue000 under\ue000 the\ue000 Exchange\ue000 Act\ue000 (17\ue000 CFR\ue000 240.14d-2(b))
\ue000
\u00ae
Pre-commencement\ue000 communications\ue000 pursuant\ue000 to\ue000 Rule\ue000 13e-4(c)\ue000 under\ue000 the\ue000 Exchange\ue000 Act\ue000 (17\ue000 CFR\ue000 240.13e-4(c))
\ue000
\ue000\ue000
Processed and formatted by SEC Watch - Visit SECWatch.com
Item\ue000 5.02
Departure\ue000 of\ue000 Directors\ue000 or\ue000 Certain\ue000 Officers;\ue000 Election\ue000 of\ue000 Directors;\ue000 Appointment\ue000 of\ue000 Certain\ue000 Officers;\ue000 Compensatory
Arrangements\ue000 of\ue000 Certain\ue000 Officers

U.S.\ue000 Home\ue000 Systems,\ue000 Inc.\ue000 (the\ue000 \u201cCompany\u201d)\ue000 is\ue000 filing\ue000 this\ue000 amendment\ue000 to\ue000 its\ue000 Current\ue000 Report\ue000 on\ue000 Form\ue000 8-K\ue000 filed\ue000 on\ue000 February\ue000 4,\ue000 2009,\ue000 which\ue000 reported the\ue000 resignation\ue000 of\ue000 Peter\ue000 T.\ue000 Bulger\ue000 as\ue000 President\ue000 and\ue000 Chief\ue000 Operating\ue000 Officer\ue000 of\ue000 the\ue000 Company.\ue000 At\ue000 the\ue000 time\ue000 of\ue000 such\ue000 report,\ue000 no\ue000 determination\ue000 had been\ue000 made\ue000 as\ue000 to\ue000 the\ue000 terms\ue000 of\ue000 the\ue000 separation\ue000 agreement\ue000 between\ue000 the\ue000 Company\ue000 and\ue000 Mr.\ue000 Bulger.

On\ue000 February\ue000 17,\ue000 2009\ue000 (effective\ue000 as\ue000 of\ue000 February\ue000 24,\ue000 2009)\ue000 the\ue000 Company\ue000 and\ue000 Mr.\ue000 Bulger\ue000 entered\ue000 into\ue000 a\ue000 Separation\ue000 Agreement\ue000 and\ue000 General
Release\ue000 of\ue000 Claims\ue000 (\u201cAgreement\u201d).\ue000 The\ue000 foregoing\ue000 description\ue000 of\ue000 the\ue000 Agreement\ue000 is\ue000 qualified\ue000 in\ue000 its\ue000 entirety\ue000 by\ue000 reference\ue000 to\ue000 the\ue000 Agreement\ue000 itself,\ue000 a
copy\ue000 of\ue000 which\ue000 is\ue000 attached\ue000 hereto\ue000 as\ue000 Exhibit\ue000 10.1\ue000 and\ue000 incorporated\ue000 herein\ue000 by\ue000 reference.

The\ue000 material\ue000 terms\ue000 of\ue000 the\ue000 Agreement\ue000 are\ue000 as\ue000 follows:
The\ue000 Company\ue000 shall\ue000 pay\ue000 Mr.\ue000 Bulger\ue000 a\ue000 total\ue000 of\ue000 $383,250\ue000 payable\ue000 as\ue000 follows:
\ue000
\ue000
(1) $50,000\ue000 payable\ue000 on\ue000 February\ue000 24,\ue000 2009\ue000 in\ue000 consideration\ue000 of\ue000 the\ue000 release\ue000 and\ue000 waiver\ue000 of\ue000 claims\ue000 as\ue000 defined\ue000 in\ue000 the\ue000 Agreement;
\ue000
\ue000
(2) $33,250\ue000 payable\ue000 on\ue000 February\ue000 24,\ue000 2009\ue000 to\ue000 Mr.\ue000 Bulger\ue000 for\ue000 his\ue000 consulting\ue000 services\ue000 through\ue000 February\ue000 2,\ue000 2010;\ue000 and
\ue000
\ue000
(3) $300,000\ue000 payable\ue000 $25,000\ue000 per\ue000 month\ue000 beginning\ue000 March\ue000 2,\ue000 2009\ue000 and\ue000 ending\ue000 on\ue000 February\ue000 2,\ue000 2010\ue000 in\ue000 consideration\ue000 of\ue000 certain\ue000 restrictive
covenants\ue000 agreed\ue000 to\ue000 by\ue000 Mr.\ue000 Bulger.

Mr.\ue000 Bulger\ue000 will\ue000 be\ue000 engaged\ue000 by\ue000 the\ue000 Company\ue000 as\ue000 a\ue000 consultant\ue000 until\ue000 February\ue000 2,\ue000 2010\ue000 to\ue000 assist\ue000 the\ue000 Company\ue000 with\ue000 litigation\ue000 matters,\ue000 to\ue000 provide
assistance\ue000 with\ue000 the\ue000 transition\ue000 of\ue000 his\ue000 duties\ue000 and\ue000 responsibilities\ue000 to\ue000 other\ue000 Company\ue000 employees\ue000 and\ue000 to\ue000 provide\ue000 information\ue000 and\ue000 advice\ue000 as
requested\ue000 by\ue000 the\ue000 Company\ue000 relating\ue000 to\ue000 his\ue000 former\ue000 position\ue000 with\ue000 the\ue000 Company\ue000 and\ue000 its\ue000 ongoing\ue000 business\ue000 operations.\ue000 If\ue000 Mr.\ue000 Bulger\u2019s\ue000 consulting
services\ue000 exceed\ue000 120\ue000 hours\ue000 during\ue000 the\ue000 one\ue000 year\ue000 consulting\ue000 period\ue000 the\ue000 Company\ue000 will\ue000 pay\ue000 him\ue000 $200\ue000 per\ue000 hour\ue000 for\ue000 each\ue000 additional\ue000 hour\ue000 over\ue000 the\ue000 120
hour\ue000 maximum.

Mr.\ue000 Bulger\ue000 has\ue000 agreed\ue000 that\ue000 he\ue000 will\ue000 not\ue000 engage\ue000 in\ue000 any\ue000 activities\ue000 which\ue000 are\ue000 in\ue000 competition\ue000 with\ue000 the\ue000 business\ue000 of\ue000 the\ue000 Company\ue000 during\ue000 the\ue000 period
from\ue000 February\ue000 2,\ue000 2009\ue000 to\ue000 February\ue000 2,\ue000 2010.\ue000 Mr.\ue000 Bulger\ue000 is\ue000 also\ue000 subject\ue000 to\ue000 confidentiality,\ue000 non-solicitation\ue000 and\ue000 non-disparagement\ue000 restrictions.
The\ue000 Company\ue000 will\ue000 reimburse\ue000 Mr.\ue000 Bulger\ue000 for\ue000 health\ue000 insurance\ue000 premiums\ue000 he\ue000 pays\ue000 under\ue000 COBRA\ue000 for\ue000 up\ue000 to\ue000 12\ue000 months.\ue000 The\ue000 Company\u2019s
reimbursement\ue000 obligation\ue000 shall\ue000 end\ue000 upon\ue000 his\ue000 coverage\ue000 under\ue000 a\ue000 new\ue000 employer\u2019s\ue000 insurance\ue000 plan.

\ue000
Item\ue000 9.01 Financial\ue000 Statements\ue000 and\ue000 Exhibits
(d)\ue000 Exhibits.
The\ue000 following\ue000 exhibit\ue000 is\ue000 filed\ue000 with\ue000 this\ue000 report:
\ue000
Exhibit
Number\ue000\ue000
Description\ue000 of\ue000 Exhibit
10.1
\ue000\ue000
Separation\ue000 Agreement\ue000 and\ue000 General\ue000 Release\ue000 of\ue000 Claims\ue000 effective\ue000 as\ue000 of\ue000 February\ue000 24,\ue000 2009\ue000 between\ue000 U.S.\ue000 Home\ue000 Systems,\ue000 Inc.,\ue000 U.S.
Remodelers,\ue000 Inc.\ue000 and\ue000 Peter\ue000 T.\ue000 Bulger.
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SIGNATURES
Pursuant\ue000 to\ue000 the\ue000 requirements\ue000 of\ue000 the\ue000 Securities\ue000 Exchange\ue000 Act\ue000 of\ue000 1934,\ue000 the\ue000 Registrant\ue000 has\ue000 duly\ue000 caused\ue000 this\ue000 Report\ue000 to\ue000 be\ue000 signed\ue000 on\ue000 the\ue000 23rd
day\ue000 of\ue000 February,\ue000 2009\ue000 on\ue000 its\ue000 behalf\ue000 by\ue000 the\ue000 undersigned,\ue000 thereto\ue000 duly\ue000 authorized.
\ue000
U.S.\ue000 HOME\ue000 SYSTEMS,\ue000 INC.
By:\ue000 /s/\ue000 Murray\ue000 H.\ue000 Gross
\ue000Murray\ue000 H.\ue000 Gross
\ue000President\ue000 and\ue000 Chief\ue000 Executive\ue000 Officer
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