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GKNT > SEC Filings for GKNT > Form 8-K on 21-Mar-2014All Recent SEC Filings

Show all filings for GEEKNET, INC

Form 8-K for GEEKNET, INC


21-Mar-2014

Change in Directors or Principal Officers


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

(b)

On March 18, 2014, Michael Solomon, a member of the Board of Directors (the "Board") of Geeknet, Inc. (the "Company") informed the Company of his resignation from the Board, effective as of the same day. Mr. Solomon's resignation occurred in connection with the sale by Marlin Sams Fund, L.P. (an investment fund with which Mr. Solomon is affiliated) of 992,736 shares of the Company's common stock, representing approximately 98% of its holdings in the Company. Mr. Solomon's resignation is not due to any disagreement with the Company on any matter relating to the Company's operations, policies or practices. Marlins Sams Fund, L.P. sold its 992,736 shares through a number of private transactions. Of such shares, 417,736 shares were purchased by Kenneth G. Langone (a director of the Company), 450,000 shares were purchased by funds associated with Impala Asset Management, LLC, and the remainder of the shares were purchased by other investors.


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