- Current report filing (8-K)
06 January 2011 - 1:00AM
Edgar (US Regulatory)
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
December
30, 2010
Date
of Report (Date of earliest event reported)
iPARTY
CORP.
(Exact
name of registrant as specified in its charter)
Delaware
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001-15611
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76-0547750
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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270 Bridge Street, Suite 301, Dedham, Massachusetts
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02026
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(Address
of principal executive offices)
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(Zip
Code)
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(781) 329-3952
(
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 1.01 Entry into a Material Definitive Agreement.
On December 30, 2010, iParty Corp. (“
iParty
”) amended its
Supply Agreement with Amscan Inc. (“
Amscan
”) to extend the
Supply Agreement until December 31, 2013 from the original expiration
date of December 31, 2012.
In addition, on December 30, 2010, iParty and its wholly-owned
subsidiary, iParty Retail Stores Corp., agreed with Party City
Corporation, an affiliate of Amscan, to take over one Party City leased
location in Manchester, CT on March 1, 2011. As part of the lease
termination, iParty and iParty Retail Stores and Party City entered into
an amendment to that certain Asset Purchase Agreement dated August 7,
2006 between the parties, to extend the term of the non compete
provisions with Party City and its affiliates contained in the Asset
Purchase Agreement from August 7, 2011 until December 31, 2013 and to
include the Manchester, CT location as part of the restricted area in
the non compete provisions.
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.
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iPARTY CORP.
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By:
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/s/ SAL PERISANO
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Sal Perisano
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Chairman of the Board and
Chief Executive Officer
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Dated:
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January 5, 2011
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