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):        September 23, 2013

COLLECTORS UNIVERSE, INC.

(Exact name of registrant as specified in its charter)

Delaware	1-34240	33-0846191
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1921 E. Alton Avenue, Santa Ana, California	92705
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (949) 567-1234

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:

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

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

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

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

Item 1.01                 Entry into a Material Definitive Agreement

On September 23, 2013, the Compensation Committee of the Board of Directors (the “Compensation Committee”) of Collectors Universe, Inc. (the “Company”) approved and, pursuant to that approval, the Company and Robert G. Deuster, its Chief Executive Officer, have entered into a First Amendment to Employment Agreement (the “Amendment Agreement”), which extends the term of his existing Employment Agreement for one year to October 15, 2014.  The foregoing description of the Amendment Agreement is qualified in its entirety by reference to the copy of that Agreement which is attached hereto as Exhibit 10.99.

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

(e)       Adoption or Commencement of Executive Officer Compensatory Plan or Arrangement.

On September 23, 2013, the Compensation Committee approved an increase in the base salary of David G. Hall, the Company’s President and Chief Operating Officer, by $50,000 from $450,000 per year to $500,000 per year.  That increase is effective on October 1, 2013.

ITEM 9.01 Financial Statements and Exhibits.

(d) Exhibits.

The following exhibit is filed as part of this report:

Exhibit No.	Description of Exhibit
10.99	First Amendment to Employment Agreement dated as of September 23, 2013 extending the term of the Company’s Employment Agreement with Robert G. Deuster.

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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.

	COLLECTORS UNIVERSE, INC.
Dated: September 26, 2013	By:	/s/  JOSEPH J. WALLACE
		Joseph J. Wallace, Chief Financial Officer

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EXHIBIT INDEX

Exhibit No.	Description of Exhibit
10.99	First Amendment to Employment Agreement dated as of September 23, 2013 extending the term of the Company’s Employment Agreement with Robert G. Deuster.

E-1

EX-10.99

Exhibit 10.99

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

This FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (this “Amendment Agreement”), is dated as of September 23, 2013, by and between COLLECTORS UNIVERSE, INC., a Delaware Corporation (the “Company” or “CUI”), and ROBERT G. DEUSTER (“Executive”), with reference to the following:

R E C I T A L S:

A.           Executive is employed as Chief Executive Officer of the Company under an Employment Agreement dated as of October 10, 2012 (the “Employment Agreement”); and

B.           The Company and the CEO desire to extend the term of and amend certain related provisions in the Employment Agreement as and to the extent provided hereinafter in this Amendment Agreement.

A G R E E M E N T

NOW, THEREFORE, in consideration of the respective promises of each party made to the other in this Amendment Agreement and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by each of the parties, it is agreed as follows:

1.           Extension of the Term of Employment.  The term of Executive’s employment under the Employment Agreement is hereby extended and shall continue to October 15, 2014, unless the Executive’s employment is either (i) sooner terminated pursuant to any of the provisions of Section 5 or Section 6 of the Employment Agreement, or (ii) further extended by mutual written agreement of the parties.

2.           Implementing Amendments.  To give effect to the foregoing extension of the term of the Employment Agreement, it is agreed as follows:

2.1           Amendment of Section 3 of Employment Agreement.  The first sentence of Section 3 of the Employment Agreement, entitled “Term of Employment” is hereby amended to read in its entirety as follows:

“Unless sooner terminated as provided in Section 5 or Section 6 below, the term of Executive’s employment with the Company as its CEO shall commence on October 15, 2012 (the “Commencement Date”) and shall end on the second anniversary thereof (the “Expiration Date”).”

2.2           Other Amendments.

(a)           The phrase “the one-year term of Executive’s employment under this Agreement” contained in the second sentence of Section 3 of the Employment Agreement is hereby amended to read as follows:  “the term of Executive’s employment under this Agreement”; and

(b)           The phrase “upon expiration of the one-year term of Executive’s employment hereunder” that is contained in Section 5.5 of the Employment Agreement is hereby amended to read as follows:

“upon expiration of the term of Executive’s employment hereunder”.

3.           No Other Changes.  The Employment Agreement shall remain in full force and effect and, except as amended by this Amendment Agreement, as set forth in Sections 1 and 2 hereof, shall remain unchanged.

4.           Confirmation of Performance.  Each party hereto represents that the other party has performed those of its obligations required to have been performed on or prior to the date hereof by such other party under the Employment Agreement and such other party has not breached and is not in breach of the Employment Agreement.

3.           Miscellaneous.

4.1           Construction.  This Amendment Agreement is the result of arms-length negotiations between the parties hereto, and no provision hereof shall be construed against a party by reason of the fact that such party or its legal counsel drafted said provision or for any other reason.

4.2           Entire Agreement. This Amendment Agreement contains all of the agreements of the parties relating to, and supersedes all prior agreements or understandings, written or oral, between the parties regarding, the subject matter hereof.

4.3           Binding on Successors.  Subject to the provisions of Section 9.8 of the Employment Agreement (entitled “No Assignment”), which provisions are incorporated herein by this reference, this Amendment Agreement shall be binding on the parties and their respective heirs, legal representatives and successors and assigns.

4.4           Headings.  Section and paragraph headings in this Amendment Agreement are for convenience of reference only and shall not affect the meaning or have any bearing on the interpretation of any provision of this Amendment Agreement.

4.5           Severability.  If any provision of this Amendment Agreement is held to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions hereof shall not be affected or impaired in any way as a result thereof.

4.6           Governing Law.  This Amendment Agreement is made in and shall be construed and interpreted according to and enforced under the internal laws of the State of California, excluding its choice of law rules and principles.

4.7           Counterparts.  This Amendment Agreement may be executed in separate counterparts, and each of such signed counterparts, including any photocopies or facsimile copies thereof, shall be deemed to be an original, but all of which shall constitute one and the same instrument.

IN WITNESS WHEREOF, the undersigned have executed this Employment Agreement Amendment as of the day and date first above written:

The Company:                                                                           COLLECTORS UNIVERSE, INC.

By:              /s/  A. CLINTON ALLEN

A. Clinton Allen, Chairman

Executive:                                                                    /s    ROBERT G. DEUSTER                                                                 

Robert G. Deuster

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