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Quotes & Info
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| JUPM > SEC Filings for JUPM > Form 8-K on 29-Oct-2008 | All Recent SEC Filings |
29-Oct-2008
Change in Directors or Principal Officers, Regulation FD Disclosure, Financial
Effective as of October 24, 2008, Christopher Cardell has resigned as the President and Chief Operating Officer of Jupitermedia Corporation (the "Company") and as a director of the Company to pursue other interests. Mr. Cardell has served in those capacities since the Company's inception, and he did not resign as the result of any dispute, claims or issues with the Company. Alan Meckler, the Company's Chief Executive Officer and Chairman, will also serve as President and Chief Operating Officer of the Company. The seat on the Board vacated by Mr. Cardell will remain vacant until the Company identifies a replacement.
In connection with Mr. Cardell's resignation, the Company entered into a letter agreement ("Letter Agreement") dated October 24, 2008 with Mr. Cardell. Among other things, the Letter Agreement amends the outstanding stock option awards granted to Mr. Cardell under the Company's 1999 Stock Incentive Plan to provide that his options will expire on the earlier of (a) their normal expiration date or (b) the fourteen (14) month anniversary of the date of the Letter Agreement. The foregoing description of the Letter Agreement is a summary only, does not purport to be complete and is qualified in its entirety by reference to the Letter Agreement, which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.
The information in this Item 7.01 of this Current Report, including the exhibits attached hereto, is furnished pursuant to Item 7.01 and shall not be deemed "filed" for any purpose, including for the purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that Section. The information in this Current Report on Form 8-K shall not be deemed incorporated by reference into any filing under the Securities Act or the Exchange Act regardless of any general incorporation language in such filing.
On October 27, 2008, the Company issued a press release announcing Christopher Cardell's resignation as the President and Chief Operating Officer of the Company and as a director of the Company as described in Item 5.02. A copy of the press release is attached to this report as Exhibit 99.1.
(a) Not Applicable.
(b) Not Applicable.
(c) Not Applicable.
(d) Exhibits:
10.1 Letter Agreement by and between Christopher Cardell and Jupitermedia Corporation, dated October 24, 2008
99.1 Press release, dated October 27, 2008, of Jupitermedia Corporation.
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