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HIPP > SEC Filings for HIPP > Form 8-K on 9-Jul-2014All Recent SEC Filings

Show all filings for HIPCRICKET, INC.



Results of Operations and Financial Condition, Change in Directors or Principal

Item 2.02 Results of Operations and Financial Condition

On July 9, 2014, Hipcricket, Inc. 2015 (the "Company") issued a press release announcing the results of its operations for the first quarter of fiscal 2015 ended May 31, 2014. The full text of the press release is attached as an exhibit to this report.

The information in this Item 2.02 and attached as Exhibit 99.1 to this report shall not be treated as "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section. This information will not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or into another filing under the Exchange Act, unless that filing expressly incorporates this information by reference.

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

On July 2, 2014, the Company and Thomas J. Virgin agreed that Mr. Virgin's employment as the Company's Chief Financial Officer would cease effective as of the close of business on July 3, 2014. The Company had announced on June 5, 2014, that Mr. Virgin would be leaving the Company and was working to transition his responsibilities.

On July 8, 2014, the Board of Directors appointed Todd E. Wilson, the Company's Chairman and Interim Chief Executive Officer, to serve as the Company's principal financial officer.

Mr. Wilson has been a director since June 2010 and was appointed to the position of Chairman in March 2013. He has served as Interim Chief Executive Officer of the Company since May 30, 2014. Mr. Wilson has more than 20 years of experience as an investor, board member and advisor to growing middle-market companies. He has served as a Partner at Crane Street Capital, a California-based investment firm, since September 2011. From July 2010 to September 2011, Mr. Wilson held the position of Managing Director for the Office of Small Business Services for the City of Los Angeles. From July 2002 to December 2009, he served as a Principal in the private equity group at American Capital, Ltd. He received an MBA from the Fuqua School of Business at Duke University and a Bachelor's degree in Finance from The Wharton School of Business.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

No. Description
99.1 Press Release issued July 9, 2014

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