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| NTN > SEC Filings for NTN > Form 8-K on 12-Feb-2009 | All Recent SEC Filings |
12-Feb-2009
Change in Directors or Principal Officers, Financial Statements and Exhibits
On February 6, 2009, Gary Arlen resigned as a director of NTN Buzztime, Inc. (the "Company"), effective February 6, 2009.
In connection with Mr. Arlen's resignation, the Company entered into a Separation Agreement with Mr. Arlen, dated February 6, 2009 (the "Agreement"). Pursuant to the terms of the Agreement, the post-separation exercisability period of Mr. Arlen's 20,000 vested stock options which were granted on June 15, 2007 was extended from February 6, 2010 to June 15, 2010. Additionally, pursuant to the terms of the Agreement, the Company agreed to pay Mr. Arlen cash compensation equal to $14,500 which represents the estimated amount of cash compensation Mr. Arlen would have received had he continued his current service as a director through the date of the Company's next annual meeting of stockholders.
(d) Exhibits
10.21 Separation Agreement dated February 6, 2009 between NTN Buzztime, Inc. and Gary Arlen.
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