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IGOI > SEC Filings for IGOI > Form 8-K on 16-Jan-2013All Recent SEC Filings

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Form 8-K for IGO, INC.


16-Jan-2013

Change in Directors or Principal Officers, Financial Statements and Exhibits


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

Seth Egorin, Vice President of Marketing and Strategic Planning of iGo, Inc. (the "Company"), departed from his position with the Company on January 15, 2013, as agreed between the Company and Mr. Egorin on January 10, 2013. In connection therewith, the Company and Mr. Egorin have entered into a Separation Agreement and General Release effective as of January 15, 2013 (the "Separation Agreement").

The Separation Agreement memorializes the terms of certain payments and other benefits to be provided to Mr. Egorin in connection with his departure, including a lump-sum payment equivalent to six months' salary and payment of continuing health insurance benefits for a period of six months. The Separation Agreement also provides for Mr. Egorin's release of the Company from all claims.

In addition, Mr. Egorin will receive a payment for accrued but unused vacation time and vesting of a pro-rata number of restricted stock units that were previously granted but unvested as of his date of separation.

The foregoing description of the Separation Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the form of Separation Agreement, which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.

The Amended and Restated Employment Agreement between the Company and Mr. Egorin was previously filed as Exhibit 10.1 to the Company's Current Report on Form 8-K filed on April 10, 2012.



Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

10.1 Separation Agreement and General Release by and between Seth Egorin and iGo, Inc., dated effective as of January 15, 2013


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