Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On August 5, 2009, Technitrol entered into a Letter Agreement with Alan H. Benjamin who currently serves as Senior Vice President of Technitrol and as President of Pulse Engineering. The Letter Agreement provides various benefits to Mr. Benjamin in the event his employment is terminated by Pulse without cause or is terminated by Mr. Benjamin for good reason (as defined in the agreement). These benefits may include continued base salary, bonus payment, severance payment, vesting of restricted stock, continued health and life insurance, outplacement services and tax gross-up related to Section 280G of the Internal Revenue Code. The Letter Agreement also contains confidentiality, invention assignment and noncompetition provisions. The foregoing summary is not complete and is qualified in its entirety by reference to the full text of the Letter Agreement attached hereto as Exhibit 10.29 which is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits.

Exhibit 10.29 - Letter Agreement among Technitrol, Inc, Pulse Engineering, Inc. and Alan H. Benjamin dated July 22, 2009.

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