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RMKR > SEC Filings for RMKR > Form 8-K on 2-Jul-2008All Recent SEC Filings

Show all filings for RAINMAKER SYSTEMS INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for RAINMAKER SYSTEMS INC


2-Jul-2008

Change in Directors or Principal Officers, Other Events, Financial Statemen


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

(b) On June 27, 2008, William Davidheiser terminated his employment with Rainmaker Systems, Inc. (the "Company") to pursue other personal business opportunities. Mr. Davidheiser was our Vice President of Engineering and one of the named executive officers identified in our Proxy Statement filed on April 15, 2008.



Item 8.01 - Other Events.

On June 9, 2008, the Company hired Mark de la Vega, 48, to fill the newly created position of Senior Vice President of Products. Mr. de la Vega brings to Rainmaker a strong background in managing worldwide product and engineering organizations. His previous positions have included responsibilities as Executive Vice President for the On-Demand Division of Teletech Holdings Inc. from 2005-2007; President of the Clarify/CRM Division of Amdocs from 2003-2005; Vice President Product Development & General Manager for Amdocs from 2001 - 2003; Vice President Product Development & General Manager for Nortel Networks from 1999 - 2001; and Vice-President of Product Management for Bay Networks from 1998-1999. Mr. de la Vega's base salary for 2008 is $230,000 and his target annual bonus for 2008 is approximately 43.5% of his base salary. Mr. de la Vega also is eligible to receive severance benefits of up to 3 months base salary in the event he is terminated without cause and otherwise as provided in his employment contract. A copy of Mr. de la Vega's employment contract dated as of June 9, 2008, is filed herewith as Exhibit 99.1.




Item 9.01 - Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.   Description of Exhibit
99.1          Executive Employment Agreement dated as of June 9, 2008, by and among
              Rainmaker Systems, Inc. and Mark de la Vega.


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