8-K

UNITED STATES

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): May 12, 2008

The Knot, Inc.

(Exact Name of Registrant as Specified in its Charter)

Delaware	0-28271	13-3895178
(State or other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

462 Broadway, 6th Floor, New York, New York	10013
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (212) 219-8555

_____________________

(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 Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 12, 2008, The Knot, Inc. appointed Carol Koh Evans as Chief Operating Officer.

The current Chief Operating Officer of The Knot, Sandra Stiles, will transition to a new role as Special Adviser to the Chief Executive Officer. She also resigned as a director of The Knot on May 12, 2008.

Ms. Evans, 37, joins from Massive Incorporated, a subsidiary of Microsoft Corporation, where she has been General Manager since May 2006. Prior to joining Massive following its acquisition by Microsoft, Ms. Evans spent five years with Microsoft in Corporate Development, Corporate Strategy and MSN M&A where she primarily supported Microsoft’s consumer initiatives, including the Online Services and Entertainment and Devices divisions. Prior to Microsoft, Ms. Evans led Corporate Development for The Knot. In addition, she worked as an investment banker with Lehman Brothers in New York and Hong Kong and Robertson Stephens in San Francisco and participated in General Electric’s Financial Management Program.

There is no arrangement or understanding between Ms. Evans and other persons pursuant to which Ms. Evans was selected as an officer. There have been no past or proposed transactions in which The Knot was or is to be a participant and in which Ms. Evans had or will have a direct or indirect material interest other than her prior employment relationship and the related compensation.

The Knot entered into a letter agreement with Ms. Evans confirming the terms of her employment, which are briefly described below. The description of the letter agreement below is qualified in its entirety by reference to the full text of the letter agreement, a copy of which is filed with this report as Exhibit 10.1, and is incorporated by reference into this report.

Ms. Evans will receive an annual salary of $285,000. She will be eligible to earn an annual cash incentive bonus, expressed as a percentage of base salary. The target and maximum bonus opportunities will be set by the Compensation Committee of the Board of Directors, and the amount of the actual bonus will be determined according to her achievement of certain performance criteria established by the Compensation Committee. For the year ending December 31, 2008, she will fully participate in The Knot’s incentive compensation program, her target and maximum bonus opportunities therein will be based on her annualized base salary and not on her actual salary paid for 2008, and she is guaranteed to receive a bonus of no less than $50,000.

The Knot will compensate Ms. Evans for certain deferred compensation that she represented to the company that she forfeited by reason of leaving her prior employment. This compensation consists of: (1) $56,000 in cash, to be paid on May 15, 2008, and (2) a grant of 6,000 vested shares of common stock of the Company, which was made upon her appointment.

Ms. Evans received a restricted stock grant of 50,000 shares upon her appointment, which will vest over a four-year term, with the first 25% of the grant vesting on the first anniversary of the grant, and the balance of the grant vesting in equal monthly installments thereafter. In addition, if The Knot is acquired by merger, asset sale or sale of more than 50% of its voting securities by the stockholders, in addition to those shares of restricted stock that previously vested before such change in control in accordance with the regular vesting schedule, an amount of shares of restricted stock will vest upon such event equal to the greater of (1) the shares of restricted stock that would otherwise have vested during the one year period following the change in control, and (2) 50% of the shares of restricted stock that are not vested on the date of the change in control.

If her employment is involuntarily terminated without cause by The Knot or a successor entity, or if she resigns for good reason (as “cause” and “good reason” are defined in the letter agreement), Ms. Evans will receive a lump-sum payment equal to her annualized base salary, at her rate of pay in effect immediately prior to such termination or resignation, and for 12 months after such termination or resignation receive all benefits (other than vesting of any equity award) that were associated with her employment immediately prior to such termination or resignation (to the extent and at such levels that these benefits remain available to employees of The Knot generally during such 12-month period).

If Ms. Evans becomes responsible for any tax, interest or penalties under Sections 409A or 4999 of the Internal Revenue Code in connection with payments made to her by The Knot, Ms. Evans will be entitled to receive an additional payment from The Knot equal to such tax amounts.

Before she is eligible to participate in the company’s benefits program, The Knot shall reimburse Ms. Evans for all of her COBRA expenses for up to 60 days and reimburse her for all benefits related expenses that would otherwise be covered by the company’s benefits program.

In addition, The Knot entered into an indemnification agreement with Ms. Evans in the form entered into with the Company’s other directors and executive officers. The indemnification agreement contains provisions that require The Knot, among other things, to indemnify Ms. Evans against certain liabilities (other than liabilities arising from intentional or knowing and culpable violations of law) that may arise by reason of her status or service as an executive officers or other entities to which she provides service at The Knot’s request and to advance expenses she may incur as a result of any proceeding against her as to which she could be indemnified.

On May 12, 2008, The Knot issued a press release announcing the appointment of Ms. Evans. A copy of The Knot’s press release is filed with this report as Exhibit 99.1, and is incorporated by reference into this report.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits. The following documents are included as exhibits to this report:

10.1 Letter Agreement between The Knot, Inc. and Carol Koh Evans.

99.1 Press Release dated May 12, 2008.

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.

	THE KNOT, INC. (Registrant)
Date: May 12, 2008	By:	/s/ RICHARD E. SZEFC
		Richard E. Szefc
		Chief Financial Officer

EXHIBIT INDEX

10.1	Letter Agreement between The Knot, Inc. and Carol Koh Evans.
99.1	Press Release dated May 12, 2008.

EX-10.1

April 10, 2008

Ms. Carol Koh Evans

Re: Offer of Employment

Dear Carol:

It gives me great pleasure to confirm our offer for you to join The Knot, Inc. as Chief Operating Officer, reporting to the Chief Executive Officer. We expect that your first day of employment will be May 12, 2008. You will perform those services that are reasonably associated with this title and position and those services reasonably assigned to you and that are commensurate with your position. In this regard, you shall be responsible for managing the day-to-day operations of the Company and contributing to strategic business decisions as part of the Company’s leadership team.

Please understand that this offer is conditional upon our completion of customary background checks and your signing of a non-disclosure, non-competition and non-solicitation agreement, as well as your compliance with the U.S. Citizenship and Immigration Services regulations requiring the establishment of your identity and right to work in the United States.

Compensation Terms

If you commence employment with The Knot, your compensation package would consist of the following terms. These terms are subject to the approval of the Compensation Committee of the Board of Directors, upon the recommendation of the Company’s management.

Base Salary

Your annualized salary rate is $285,000 (“Base Salary”), which will be paid semi-monthly, on the 15th and on the last workday of the month. The Compensation Committee shall review your performance and Base Salary annually for potential increases. Your Base Salary will be subject to withholding of income, social security and employment taxes in accordance with the Company’s normal practices.

Sign-On Bonus

The Company will compensate you for certain deferred compensation that you have represented to the Company you will forfeit by reason of leaving your prior employment (the “Sign-On Bonus”). The Sign-On Bonus shall consist of: (1) $56,000 in cash, to be paid on May 15, 2008, and (2) a grant of 6,000 vested shares of common stock of the Company, which will be made as soon as possible following the commencement of your employment, and subject to the standard terms and conditions of The Knot’s 1999 Stock Incentive Plan and a restricted stock agreement between you and The Knot. The Sign-On Bonus will be subject to withholding of income, social security and employment taxes in accordance with the Company’s normal practices.

Ms. Carol Koh Evans

April 10, 2008

Page 2

Incentive Bonus

You will be eligible to earn an annual cash incentive bonus expressed as a percentage of Base Salary. Each year, your target and maximum bonus opportunities will be set by the Compensation Committee. The amount of your actual bonus will be determined according to your achievement of certain performance criteria established by the Compensation Committee. The incentive bonus will be conditioned upon the other terms and conditions of the incentive compensation program for executive officers, as may be in effect from time to time, and is payable following the completion of The Knot’s annual audit and approval by the Compensation Committee. The incentive bonus is not guaranteed and is completely discretionary; you may receive an incentive bonus in one year but not the next.

Notwithstanding anything to the contrary contained herein, for the year ending December 31, 2008, you will fully participate in the incentive compensation program, your target and maximum bonus opportunities therein will be based on your annualized Base Salary and not on your actual salary paid for 2008, and you are guaranteed to receive a bonus of no less than $50,000, payable at the same time as incentive bonuses are paid to other executive officers, but in no event later than March 15, 2009.

Restricted Stock Grant

You will receive a restricted stock grant of 50,000 shares, which will vest over a four-year term, with the first 25% of the grant vesting on the first anniversary of the grant, and the balance of the grant vesting in equal monthly installments thereafter. The restricted stock grant will be made as soon as possible following the commencement of your employment, and will be subject to the standard terms and conditions of The Knot’s 1999 Stock Incentive Plan and a restricted stock agreement between you and The Knot. Your restricted stock agreement will provide that if The Knot is acquired by merger, asset sale or sale of more than 50% of its voting securities by the stockholders (in each case in accordance with the definition of “change in control” under the Stock Incentive Plan), in addition to those shares of restricted stock that have previously vested before such change in control in accordance with the regular vesting schedule, an amount of shares of restricted stock shall vest upon such event equal to the greater of (1) the shares of restricted stock that would otherwise have vested during the one year period following the change in control, and (2) 50% of the shares of restricted stock that are not vested on the date of the change in control.

Other Compensation

You will be eligible to participate in future incentive compensation programs for executive officers, if and when such programs are established by the Compensation Committee of the Board of Directors, at a level commensurate with your position at the time awards are granted and on the same general terms and conditions as apply to the other executive officers of the Company. Without limiting the foregoing, your participation in future equity grant programs made available to executive officers will not be reduced as compared to other executive officers because of your restricted stock grants made pursuant to this letter agreement. In addition, in no event will the terms of equity awards granted to you (including your restricted stock grants made pursuant to this letter agreement) with respect to accelerated vesting upon a “change in control” be less favorable than the terms made available to any other executive officer, and the Company will cause any award to be modified if and as necessary to carry out this provision.

Ms. Carol Koh Evans

April 10, 2008

Page 3

Severance

If your employment is involuntarily terminated without cause by The Knot or a successor entity, or if you resign for “Good Reason,” you shall receive a lump-sum payment equal to your annualized Base Salary, at your rate of pay in effect immediately prior to such termination or resignation, and for 12 months after such termination or resignation receive all benefits (other than vesting of any equity award) that were associated with your employment immediately prior to such termination or resignation (to the extent and at such levels that these benefits remain available to employees of The Knot generally during such 12-month period). The Company shall pay the lump-sum payment in connection with an involuntary termination without cause upon such termination, and the lump-sum payment in connection with a Good Reason resignation within 10 business days of your written notice to the Company of such resignation.

An involuntary termination “without cause” shall mean a termination of employment other than for death, disability, termination for cause or any resignation by you other than a resignation for Good Reason. “Cause” shall mean (1) your willful failure to perform the principal elements of your duties to The Knot or any of its subsidiaries, which failure is not cured within 20 days following written notice to you specifying the conduct to be cured, (2) your conviction of, or plea of nolo contendere to, a felony (regardless of the nature of the felony) or any other crime involving dishonesty, fraud, or moral turpitude, (3) your gross negligence or willful misconduct (including but not limited to acts of fraud, criminal activity or professional misconduct) in connection with the performance of your duties and responsibilities to The Knot or any of its subsidiaries, (4) your failure to substantially comply with the written rules and policies of The Knot or any of its subsidiaries governing employee conduct or with the lawful directives of the Board of Directors of The Knot, or (5) your breach of any non-disclosure, non-solicitation, non-competition or other restrictive covenant obligations to The Knot or any of its subsidiaries. “Good Reason” shall mean (1) any reduction of your Base Salary, (2) the relocation of your principal place of business outside of New York City, or (3) the material diminution of your responsibilities or authority, any reduction of your title or any change in the reporting structure set forth in the first paragraph hereof, provided, however, that no Good Reason shall exist if you have not given written notice to the Company within ninety (90) days of the initial existence of the Good Reason condition(s) and until the Company has had thirty (30) days to cure such event after the date on which you give the Company written notice specifying such event in specific detail before such event permits you to terminate your employment for Good Reason.

Benefits and Other Terms

Benefits

You will be eligible to participate in The Knot benefits program starting with the first of the month following 30 days of employment. In addition, before you are eligible to participate in the benefits program, the Company shall reimburse you for all of your COBRA expenses for up to 60 days and reimburse you for all benefits related expenses that would otherwise be covered by the Company’s benefits program. You will be eligible to participate in our 401(k) plan after completion of one (1) year of service and our Employee Stock Purchase Plan after completion of five (5) months of service. A full description of your benefits is contained in official plan documents that will be available to you. Please be advised that this letter agreement describes policies and benefits currently available and that The Knot reserves the right to amend, change and terminate its policies, programs and employee benefit plans at any time during your employment.

Ms. Carol Koh Evans

April 10, 2008

Page 4

Indemnification

The Knot will enter with you into an Indemnification Agreement for Directors and Officers, in the form previously provided to you and to be effective as of the date you commence your employment with the Company. In addition, you shall be covered by the Company’s insurance policy for directors and officers.

Compliance With Section 409A of the Internal Revenue Code

To the extent applicable, it is intended that this letter agreement comply with the provisions of Section 409A (“Section 409A”) of the Internal Revenue Code of 1986, as amended (the “Code”). In the event that it is determined that any payment or distribution of any type to or for your benefit, whether paid or payable or distributed or distributable, pursuant to the terms of this letter agreement (the “Total Payments”), would be subject to the additional tax and interest imposed by Section 409A, or any interest or penalties with respect to such additional tax (such additional tax, together with any such interest or penalties, are collectively referred to as the “409A Tax”), then you shall be entitled to receive an additional payment (a “409A Tax Restoration Payment”) in an amount that shall fund the payment by you of any 409A Tax on the Total Payments as well as all income taxes imposed on the 409A Tax Restoration Payment, any 409A Tax imposed on the 409A Tax Restoration Payment and any interest or penalties imposed with respect to taxes on the 409A Tax Restoration Payment or any 409A Tax.

Golden Parachute Tax

In the event it shall be determined that any payment or distribution by the Company to or for your benefit (whether paid or payable or distributed or distributable pursuant to the terms of this letter agreement or otherwise) (a “Payment”) would be subject to the excise tax imposed by Section 4999 of the Code or any interest or penalties are incurred by you with respect to such excise tax (such excise tax, together with any such interest and penalties, are hereinafter collectively referred to as the “Excise Tax”), then you shall be entitled to receive an additional payment (a “Gross-Up Payment”) in an amount such that after payment by you of all taxes, including, without limitation, any income taxes (and any interest and penalties imposed with respect thereto) and Excise Tax imposed upon the Gross-Up Payment, you retain an amount of the Gross-Up Payment equal to the Excise Tax (including any interest or penalties imposed with respect to such taxes) imposed upon the Payments. The Gross-Up Payment shall be paid to you at the earliest possible time after receiving notice from you, but not later than by the end of the calendar year in which the taxes are paid to the government, or if an audit or a tax dispute related to the Gross-Up Payment occurs, by the end of the calendar year after the year in which the disputed taxes are paid (or the year after the year in which such an audit or dispute is concluded, if no taxes are paid).

Ms. Carol Koh Evans

April 10, 2008

Page 5

At-Will Employment

Please understand that, if employed by The Knot in this position, your employment will be “at will,” meaning that either you or The Knot may terminate the relationship at any time, with or without cause or notice. Please also note that The Knot reserves the right to revise, supplement, or rescind any of its policies, practices, and procedures (including those described in the Employee Handbook) as it deems appropriate in its sole and absolute discretion, provided that no such change shall be effective as to you unless such change affects all officers of the Company.

No Violation of Contract

By accepting this offer of employment, you represent and warrant that you are honoring all of the provisions of any agreement between you and any current or former employer (including all provisions that remain in effect after your employment is terminated), and that your acceptance of employment with The Knot is not a violation of any agreement with any third party under which you incur any obligations that conflict with or will otherwise prevent you from performing your obligations with The Knot. Additionally, please be advised that it is The Knot’s corporate policy not to obtain or use any confidential information, proprietary information or trade secrets of its competitors or others, unless it is properly obtained from sources permitted to disclose such information. By signing this letter agreement below, you are acknowledging that you have been advised of this policy and that you accept and will abide by this policy. It is not our intention or desire to make use of any proprietary information to which you may have had access during your previous employment. You are being hired to apply for The Knot, and are expected to apply for The Knot, only the general, non-trade secret skills and knowledge that you have developed throughout your career and that you are free to use under all applicable federal and state laws. In the event that you are in possession of any confidential non-public information by virtue of your prior employment, you further agree that you will not engage and have not engaged in any activity that is inconsistent with the rights of such prior employer which could subject The Knot, its parent companies and affiliates or any of its employees to liability.

*****

Ms. Carol Koh Evans

April 10, 2008

Page 6

Carol, we look forward to your joining The Knot! Please indicate your acceptance of this offer by responding via email and then mailing the original signed and dated version of this letter agreement to my attention at The Knot, Inc., 462 Broadway, 6th Floor, New York, NY 10013. We hope we will have a mutually rewarding association. If you have any questions regarding this offer, please call me at (212) 219-8555.

Sincerely,

/s/ DAVID LIU

David Liu

Chief Executive Officer

By signing, dating and returning this letter agreement, you accept our offer of employment.

/s/ CAROL KOH EVANS    4/11/08

Carol Koh Evans      Date

EX-99.1

FOR IMMEDIATE RELEASE

THE KNOT, INC. NAMES CAROL KOH EVANS CHIEF OPERATING OFFICER

New COO Brings Combined Development and New Media Experience to Leading Lifestage Media and Services Company

NEW YORK (May 12, 2008) — The Knot, Inc. (NASDAQ: KNOT; www.theknot.com), a leading lifestage media and services company, has appointed Carol Koh Evans as Chief Operating Officer. A former General Manager for Massive Incorporated, a wholly owned subsidiary of Microsoft Corporation and leading network for video game advertising, Evans brings her extensive experience in corporate development, online media and finance to The Knot.

Evans is returning to The Knot as Chief Operating Officer with unique, first-hand experience at the Company. She previously worked at The Knot in corporate development under the direction of CFO Richard Szefc and CEO David Liu, where she was instrumental in the execution of the Company's successful IPO in December 1999 and the acquisition of Weddingpages, Inc. in 2000. Evans left The Knot to pursue a corporate development position with Microsoft in Redmond, Washington, where she gained significant M&A and management experience. More recently, she has overseen the integration and operations of Massive for the past two years.

As Chief Operating Officer of The Knot, Evans will oversee the operations of our local and national advertising businesses, our commerce warehouse, customer service departments and our registry business. She will also handle M&A for the Company and other corporate development initiatives.

“We are incredibly excited to welcome back Carol Koh Evans to The Knot,” said David Liu, CEO of The Knot. “Her unique history with the Company, blended with her leadership and proven record of success, will be a tremendous addition to our executive team and the Company’s growth strategy.”

“I am thrilled to return to The Knot," said Carol Koh Evans. "Given the amazing growth and success that the Company has achieved since my departure as well as the continued strength of The Knot brand, I look forward to working with David and the entire team to take The Knot to the next level."

Prior to joining Massive following the acquisition by Microsoft, Carol spent five years with Microsoft in Corporate Development, Corporate Strategy and MSN M&A where she primarily supported Microsoft’s consumer initiatives, including the Online Services and Entertainment and Devices divisions.

In addition, she worked as an investment banker with Lehman Brothers in New York and Hong Kong and Robertson Stephens in San Francisco and participated in General Electric’s Financial Management Program.

Carol received her MBA from Columbia Business School and her BS in Business Administration from the Walter Haas School of Business at UC Berkeley.

The current COO of The Knot, Sandra Stiles, will transition to a new role as Special Adviser to the CEO and is expected to stay with this position through the end of the year.

About The Knot

The Knot, Inc. (NASDAQ: KNOT; www.theknot.com) is a leading lifestage media company. The Company's flagship brand, The Knot, is the nation's leading wedding resource, reaching well over a million engaged couples each year through the #1 wedding website TheKnot.com. Other Knot brand products include The Knot national and local magazines, The Knot books (published by Random House and Chronicle) and television programming bearing The Knot name (aired on the Style and Comcast Networks). The Company also owns WeddingChannel.com, the most visited wedding gift registry website. The Company’s Nest brand focuses on the newlywed-to-pregnancy lifestage, with the popular lifestyle website TheNest.com, a home décor book series with Clarkson Potter, The Nest magazine and baby offshoot TheNestBaby.com. Also under The Knot, Inc. umbrella are WeddingTracker.com; GiftRegistryLocator.com; party planning site PartySpot.com; teen-oriented PromSpot.com; and local baby services and community site Lilaguide.com. The Knot, Inc. is based in New York and has several other offices across the country.