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Quotes & Info
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| SLNM.OB > SEC Filings for SLNM.OB > Form 8-K on 14-Sep-2007 | All Recent SEC Filings |
14-Sep-2007
Change in Directors or Principal Officers, Financial Statements and Exhibit
On September 13, 2007, Elizabeth Hambrecht resigned her positions of President and Chief Executive Officer of Salon Media Group, Inc. ("Salon"). Ms. Hambrecht's resignations did not affect her service as a Class III Director of the Company's Board of Directors (the "Board").
On September 13, 2007, the Board appointed Christopher Neimeth, age 37, as the Company's Chief Executive Officer and filled a Class II Director vacancy on the Board pursuant to the Company's bylaws.
In connection with Mr. Neimeth's appointment as the Company's Chief Executive Officer, the Board approved and the Company executed an Amendment No. 1 to Employment Agreement (the "Amendment"), which provides for certain amendments to the terms of Mr. Neimeth's employment agreement. A copy of the Amendment is attached hereto as Exhibit 10.34 and is incorporated herein by reference.
Mr. Neimeth joined Salon in June 2006 as its Senior Vice President - Publisher. Prior to joining Salon, Mr. Neimeth served as President, IAC Partner Marketing from August 2004 through October 2005 of InterActive Corporation. From March 2001 through August 2004 he served as Executive Vice President, National Sales of Ticketmaster, a wholly owned subsidiary of InterActive Corporation. From December 1999 through December 2000 he served as President and Chief Executive Officer of Real Media, Inc. From September 1999 through November 1999 he served as Senior Vice President, Business Development and Strategic Planning and from September 1995 through September 1999 he served as Group Vice President of The New York Times Digital.
Exhibit No. Description
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10.34 Amendment No. 1 to Employment Agreement between Salon Media
Group, Inc. and Christopher Neimeth.
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