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ADTM > SEC Filings for ADTM > Form 8-K/A on 28-Jan-2014All Recent SEC Filings

Show all filings for ADAPTIVE MEDIAS, INC. | Request a Trial to NEW EDGAR Online Pro

Form 8-K/A for ADAPTIVE MEDIAS, INC.


28-Jan-2014

Entry into a Material Definitive Agreement, Termination of a Material Def


Item 1.01 Entry into a Material Definitive Agreement.

On January 21, 2014, the Company's Board of Directors, voting without Mr. Shareef, determined to amend (the "Amendment") Mr. Shareef's Executive Employment Agreement dated July 1, 2013 (the "Employment Agreement") in order to award him a bonus of $16,667 per month, payable on the first day of each month, from February through July 2014. The Employment Agreement was otherwise unmodified and remains in effect. The Amendment is filed herewith as Exhibit 99.1, and the text of this Item 1.01 is qualified in its entirety by the provisions of such Amendment as well as the text of the Explanatory Note, above.



Item 1.02 Termination of a Material Definitive Agreement.

The Registrant does not believe that a disclosure under this Item 1.02 is necessary given that the Loan was never formally effectuated. However, out of an abundance of caution, reference is made to the disclosure set forth under Item 1.01 of this Current Report on Form 8-K, which disclosure is incorporated herein by reference.

Item 5.02 Compensatory Arrangement for Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements for Certain Officers.

Reference is made to the disclosure set forth under Item 1.01 of this Current Report on Form 8-K, which disclosure is incorporated herein by reference.



Item 9.01 Financial Statements and Exhibits.

Exhibit 99.1 First Amendment to Employment Agreement of Qayed Shareef dated as of January 21, 2014

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