- Current report filing (8-K)
22 June 2010 - 7:30AM
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
Date of Report (Date of earliest event reported)
June 21,
2010
Inventure Foods, Inc.
(Exact name of registrant as specified in its charter)
Delaware
|
|
1-14556
|
|
86-0786101
|
(State or other jurisdiction
of incorporation)
|
|
(Commission
File Number)
|
|
(IRS Employer
Identification No.)
|
5415 E. High St., Suite 350, Phoenix, AZ
|
|
85054
|
(Address of principal executive offices)
|
|
(Zip Code)
|
Registrants telephone number, including area code
(623)
932-6200
The Inventure Group, Inc.
5050 N. 40th Street Suite #300, Phoenix, AZ 85018
(Former name or former address, if changed since last report.)
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:
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
o
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
Item
5.02(e)
Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On June 21, 2010, the
Compensation Committee of the Companys Board of Directors granted 30,000
shares of restricted common stock with performance based vesting (Performance
Shares) under the Companys 2005 Equity Incentive Plan to Richard Suchenski,
the Companys newly appointed Senior Vice President of Sales and Marketing.
The Performance Shares vest
over three years based on achievement of cumulative Board-approved EBITDA
targets. If an Executives employment is
terminated without cause, or if the Executive resigns for good reason, then a
portion of the Performance Shares shall vest based on the level of performance
for the completed fiscal years prior to termination. If the Executives employment ends for any
other reasons, then Performance Vesting Shares do not vest and are automatically
be forfeited. If the Company is involved
in a transaction (acquisition or divestiture) that does not constitute a Change
in Control as defined below, then a portion of Performance Shares shall be
vested as if executive had been terminated without cause as of the closing date
of such transaction, and the remaining portion of the Performance Shares shall
be subject to a revised vesting formula to be determined by the Compensation
Committee. If the Company does have a Change
in Control as defined below, then one hundred percent of the Performance
Shares shall be eligible for immediate vesting proportionately based upon the
cumulative performance for the most recently completed fiscal year during the
period, except to the extent that the vesting would constitute an excess
parachute payment under Internal Revenue Code Section 280G.
Item 8.01 Other Events
On
Monday June 21, 2010, the Company issued a press release announcing the
appointment of Richard Suchenski as Senior Vice President of Sales and Marketing,
a copy of which is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(c)
Exhibits
Exhibit 99.1
Press release
dated June 21, 2010.
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.
|
Inventure Foods, Inc.
|
|
(Registrant)
|
|
|
Date: June 21, 2010
|
/s/ Steve Weinberger
|
|
(Signature)
|
|
|
|
Steve Weinberger
|
|
Chief Financial Officer
|
2
Poore Brothers (NASDAQ:SNAK)
Historical Stock Chart
From Jun 2024 to Jul 2024
Poore Brothers (NASDAQ:SNAK)
Historical Stock Chart
From Jul 2023 to Jul 2024