-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SLQ89OklS+UxdLirwuPd5bw7rFHJtRo2HoVTCQp5YMwOupzzRsOBbCtJGBbMrgDK MQI6D8q0K25++mCL1V/ZvA== 0000936392-08-000646.txt : 20081003 0000936392-08-000646.hdr.sgml : 20081003 20081003171744 ACCESSION NUMBER: 0000936392-08-000646 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080930 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20081003 DATE AS OF CHANGE: 20081003 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MAD CATZ INTERACTIVE INC CENTRAL INDEX KEY: 0001088162 STANDARD INDUSTRIAL CLASSIFICATION: GAMES, TOYS & CHILDREN'S VEHICLES (NO DOLLS & BICYCLES) [3944] IRS NUMBER: 874627953 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14944 FILM NUMBER: 081107466 BUSINESS ADDRESS: STREET 1: 141 ADELAIDE STREET WEST STREET 2: SUITE 400 CITY: TORONTO ONTARIO STATE: A6 ZIP: M5H 3L5 BUSINESS PHONE: 6196839830 MAIL ADDRESS: STREET 1: 141 ADELAIDE STREET WEST STREET 2: SUITE 400 CITY: TORONTO ONTARIO STATE: A6 ZIP: M5H 3L5 FORMER COMPANY: FORMER CONFORMED NAME: GAMES TRADER INC DATE OF NAME CHANGE: 19990608 8-K 1 a50012e8vk.htm FORM 8-K e8vk
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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): September 30, 2008
MAD CATZ INTERACTIVE, INC.
(Exact Name of Registrant as Specified in Charter)
         
Canada   001-14944   N/A
         
(State or Other Jurisdiction of
Incorporation) 		  (Commission
File Number) 		  (I.R.S. Employer
Identification No.)
7480 Mission Valley Road, Suite 101
San Diego, California 92108
(Address of Principal Executive Offices)
 
(619) 683-9830
(Registrant’s telephone number, including area code)
 
Not applicable
(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 425 under the Exchange Act (17 CFR 240.14.a-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))
 
 

 

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Item 1.01 Entry into a Material Definitive Agreement
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
SIGNATURES

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Item 1.01   Entry into a Material Definitive Agreement
          On September 30, 2008, the Board of Directors of Mad Catz Interactive, Inc. (the “Company”) approved an increase of the current annual retainer fee paid to non-employee directors of the Company from $35,000 to $50,000, effective September 30, 2008. The other components of the compensation program for non-employee directors of the Company remain the same.
Item 5.02.   Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
          On September 30, 2008, the independent members of the Company’s Board of Directors approved the cost of living salary increases set forth below for the Company’s executive officers effective as of the beginning of the Company’s 2009 fiscal year in accordance with the Company’s previously reported executive compensation program.
                             
        FY 2008   $   FY 2009
Name   Title   Base Salary   Increase   Base Salary
Darren Richardson  
President and Chief Executive Officer of the Company
   $ 387,375     $ 11,621     $ 398,996  
   
 
                        
Stewart Halpern  
Chief Financial Officer of the Company
   $ 251,856     $ 7,556     $ 259,412  
   
 
                        
Whitney Peterson  
Vice President — Corporate Development and General Counsel of Mad Catz, Inc.
   $ 251,856     $ 7,556     $ 259,412  
   
 
                        
Kitty Lo  
General Manager — Asian Operations of Mad Catz, Inc.
   $ 193,573     $ 1,452     $ 195,025  
   
 
                        
Brian Andersen  
General Manager — European Operations of Mad Catz, Inc.
   $ 198,000     $ 1,485     $ 199,485  
          On September 30, 2008, the independent members of the Company’s Board of Directors also approved an executive bonus plan for the Company’s fiscal year 2009. Bonuses awarded under the executive bonus plan will be based primarily upon the Company’s earnings per share in fiscal year 2009, in addition to other performance objectives approved by the independent members of the Company’s Board of Directors.
                     
        Target Award as    
Name   Title   % of Salary   Target Award
Darren Richardson  
President and Chief Executive Officer of the Company
     60 %   $ 239,398  
   
 
                
Stewart Halpern  
Chief Financial Officer of the Company
     50 %   $ 129,706  
   
 
                
Whitney Peterson  
Vice President — Corporate Development and General Counsel of Mad Catz, Inc.
     50 %   $ 129,706  
   
 
                
Kitty Lo  
General Manager — Asian Operations of Mad Catz, Inc.
     50 %   $ 97,513  
   
 
                
Brian Andersen  
General Manager — European Operations of Mad Catz, Inc.
     50 %   $ 99,743  

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SIGNATURES
          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.
         
Date: October 3, 2008  MAD CATZ INTERACTIVE, INC.
 		  
  By:   /s/ Stewart Halpern    
  Name:  Stewart Halpern   
  Its: Chief Financial Officer   
 

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