0001104659-10-014009.txt : 20100312 0001104659-10-014009.hdr.sgml : 20100312 20100312162420 ACCESSION NUMBER: 0001104659-10-014009 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100312 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100312 DATE AS OF CHANGE: 20100312 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EVOLVING SYSTEMS INC CENTRAL INDEX KEY: 0001052054 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] IRS NUMBER: 841010843 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34261 FILM NUMBER: 10678065 BUSINESS ADDRESS: STREET 1: 9777 PYRAMID COURT, SUITE 100 CITY: ENGLEWOOD STATE: CO ZIP: 80112 BUSINESS PHONE: 3038021000 MAIL ADDRESS: STREET 1: 9777 PYRAMID COURT, SUITE 100 CITY: ENGLEWOOD STATE: CO ZIP: 80112 8-K 1 a09-36008_38k.htm 8-K

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported)

March 12, 2010

Evolving Systems, Inc.

(Exact name of registrant as specified in its charter)

Delaware		0-24081		84-1010843
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

9777 Pyramid Court, Suite 100

Englewood, Colorado 80112

(Address of principal executive offices)

Registrant’s telephone number, including area code (303) 802-1000

N/A

Former Name or Former Address, if Changed Since Last Report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02

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

Departure of Director Stephen K. Gartside, Jr.

Effective March 12, 2010, Stephen K. Gartside, Jr., Chairman of the Board, 44, resigned from the Board of Directors of Evolving Systems, Inc. (“Company”) in order to devote his full time and attention to his position as President of Newton Running. There are no disagreements with the Company. Also effective March 12, 2010, the Board of Directors appointed Thaddeus Dupper, the Company’s President and CEO, as Chairman of the Board and agreed to reduce the size of the Board of Directors from nine (9) members to eight (8) in accordance with the Company’s Bylaws. The Board of Directors intends to appoint a Lead Independent Director in the near future.

Effective March 12, 2010, the Company entered into a consulting agreement with Mr. Gartside to provide consulting services to Evolving Systems. Under the consulting agreement the Company will pay Mr. Gartside a fee of $7,000 for his services through December 31, 2010. A copy of the agreement is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Mr. Gartside joined the Company in August 2001 as Vice President of Marketing and Corporate Business Development, and held the position of President (January 2004-December 2006) and Chief Executive Officer (January 2004 -April 2007). He became a member of the Board of Directors in January 2004, and was named Chairman of the Board of Directors in April 2007. Since March 2009, Mr. Gartside has held the position of President of Newton Running, a privately-held company specializing in the design of performance running shoes.

Item 9.01

Financial Statements and Exhibits

Exhibit Number		Description

10.1		Consulting Agreement with Stephen K. Gartside, Jr.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: March 12, 2010.

	Evolving Systems, Inc.

	By:	/s/ ANITA T. MOSELEY
		Anita T. Moseley
		Sr. Vice President & General Counsel

EX-10.1 2 a09-36008_3ex10d1.htm EX-10.1

Exhibit 10.1

Evolving Systems, Inc.

Consulting Agreement

I, Stephen K. Gartside, Jr., agree to serve as a Consultant to Evolving Systems, Inc. (Evolving Systems) on the terms described below, which I have read, and accept:

1. Duties.

1.1 General Advice. As requested, you will consult with Evolving Systems concerning Evolving Systems’ products, services, and market opportunities, as well as other matters in your area of expertise. Your primary point of contact will be Thad Dupper, President and CEO.

1.2 Compliance with Law and Policies. In performing the work required under this Agreement, you will comply with all applicable laws and regulations, and with Evolving Systems’ policies and procedures.

2. Evolving Systems’ Duties.

2.1 Expenses. Evolving Systems will reimburse you for any reasonable pre-approved expenses you incur in performing services under this Agreement, according to Evolving Systems’ corporate policy for its senior employees. Evolving Systems will reimburse those expenses promptly on receiving reimbursement requests in a form and supported by such reasonable documentation as Evolving Systems may request.

2.2 Scheduling. Evolving Systems will give you as much advance notice as is reasonably feasible of meetings, and work with you to schedule other consultations at convenient times.

2.3 Office, Equipment. You will be responsible for providing your own office and computer equipment to be used in performing your consulting services.

3. Term & Compensation.

3.1 Term. This Agreement begins on March 12, 2010 and continues through December 31, 2010, unless terminated earlier as a result of your death, long term disability that prevents you from performing your duties or upon thirty (30) days’ advance written notice from you that you no longer want to continue providing services to the company.

3.2 Compensation. As compensation for your services under this Agreement, Evolving Systems will pay you a fee of $7,000 for your services under this Agreement, payable in equal quarterly increments beginning with the quarter ending June 30, 2010.

4. Status of Consultant. You will be an independent contractor and not an employee of Evolving Systems. Except as specifically set forth in this paragraph, you acknowledge that you have no rights in or under any health, liability or disability or other insurance policies maintained by Evolving Systems, nor to any overtime, vacation, holiday, sick leave, seniority or other benefits. You further acknowledge that you have no right to claim unemployment compensation, worker’s compensation or disability compensation pursuant to this Agreement, or as a result of your relationship with Evolving Systems. You

will be responsible for all self-employment, social security and other taxes, fines, penalties or other liability to the Internal Revenue Service of the United States, the Department of Revenue of the State of Colorado, and to any other entity with taxing jurisdiction.

5. Confidentiality. You acknowledge that in the course of providing services and advice to Evolving Systems, you may acquire confidential or proprietary information of Evolving Systems. You agree to continue to be bound by the terms and conditions of the Confidentiality Agreement entered into between you and Evolving Systems. The Company agrees not to disclose material non-public information to you under this Agreement.

6. Non-Solicitation. You agree that for the duration of this Agreement you will not directly or indirectly induce or solicit any of Evolving Systems’ employees to leave their employment or to become employed by any other entity, nor shall you refer any of Evolving Systems’ employees to any other entity or person for purposes of inducing or soliciting such employees to leave Evolving Systems’ employment or to become employed by any other person or entity. You represent and warrant that the provision of services under this Agreement does not violate your confidentiality, non-disclosure, or non-competition obligations, if any, to any other person or entity.

7. Authority. You shall not: (a) have any authority to incur any expenditure in the name of or for the account of Evolving Systems unless Evolving Systems shall have agreed in advance to it being so incurred; or (b) hold yourself out or permit yourself to be held out as having any authority to do or say anything on behalf of or in the name of Evolving Systems unless Evolving Systems shall have consented in advance to you so doing or saying.

8. General.

8.1 Notice. Notice will be sent, if to you, at your home address as maintained in the Company’s records, and if to Evolving Systems, at Evolving Systems’ headquarters location, attn: Thad Dupper, President & CEO. Notice is effective when received by the person to whom Notice is required to be given, if sent by any means that leaves a permanent record in the recipient’s hands. Notice is also effective if properly addressed and sent postage prepaid by any method resulting in a return receipt from the courier. Notice sent by this method is effective on the earlier of the date actually received, or on the date the return receipt shows it was refused or returned undeliverable. Either party may change its Notice address, by Notice.

8.2 Governing Law, Enforcement, Priority. This Agreement is governed by Colorado law. Enforcement may be sought in Douglas County, Colorado, where you and Evolving Systems both consent to jurisdiction. This Agreement supersedes all prior agreements between the parties as to the terms of any consulting arrangement.

Effective the 12th day of March, 2010.

/s/ STEPHEN K. GARTSIDE, JR.
Stephen K. Gartside, Jr.

Evolving Systems, Inc.

By:	/S/ ANITA T. MOSELEY

Name: Anita T. Moseley

Title: Sr. Vice President & General Counsel