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GKNT > SEC Filings for GKNT > Form 8-K on 21-Sep-2012All Recent SEC Filings

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Form 8-K for GEEKNET, INC


21-Sep-2012

Completion of Acquisition or Disposition of Assets, Change in Directors or Principal


ITEM 2.01 COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS

On September 17, 2012 (the "Closing Date"), Geeknet, Inc. (the "Company") sold its online media business, including the SourceForge, Slashdot and Freecode websites (the "Purchased Business") to Dice Holdings, Inc. ("Dice") and two of Dice's subsidiaries, Dice Career Solutions, Inc. and eFinancialCareers Limited (the "Geeknet Media Sale"). The nature and amount of consideration was described in Item 1.01 to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on September 18, 2012, which is incorporated herein by reference.



ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.

On September 17, 2012, as a result of the Geeknet Media Sale, Jeffrey Drobick was removed from his position as President and Chief Executive Officer, Geeknet Media. Mr. Drobick remains employed by the Company and is providing services to the Purchased Business pursuant to a transitional employee lease agreement entered into in connection with the Geeknet Media Sale.



ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(b) Pro forma financial information.

The pro forma financial information required to be filed in connection with the disposition described in Item 2.01 is attached as Exhibit 99.1 to this report.

(d) Exhibits.

The following exhibits are attached to this Current Report on Form 8-K:

Exhibit No. Description

99.1 Pro forma financial information


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