8-K 1 htm_13107.htm LIVE FILING Harris Interactive Inc. (Form: 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):   June 9, 2006

Harris Interactive Inc.
__________________________________________
(Exact name of registrant as specified in its charter)

     
Delaware 000-27577 16-1538028
_____________________
(State or other jurisdiction
_____________
(Commission
______________
(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
135 Corporate Woods, Rochester , New York   14623
_________________________________
(Address of principal executive offices)
  ___________
(Zip Code)
     
Registrant’s telephone number, including area code:   585-272-8400

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:

[  ]  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 June 9, 2006, Harris Interactive Inc. (the "Company") established a pre-arranged plan (the "Plan") with Piper Jaffray & Co. to repurchase shares of the common stock, par value $0.001 per share, of the Company (the "Common Stock") in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934 ("Rule 10b5-1") as part of the share repurchase program announced in the Company’s press release attached as an Exhibit to the Company’s Current Report on Form 8-K filed on May 4, 2006. The Plan provides that the Company may repurchase shares of Common Stock under the Plan commencing on June 19, 2006 and continuing through the earlier of November 9, 2006 or the completion of an aggregate of $17,700,000 of Common Stock purchases under the Plan. Subject to conditions specified in the Plan, the Company will purchase, in regular way trading on the NASDAQ, 100% of the maximum daily volume limitation as calculated in accordance with Rule 10b-18 under the Securities and Exchange Act of 1934 (the "Maximum Daily Volume") if the price per share is $5.50 or lower, and 80% of the Maximum Daily Volume if the price is above $5.50 and is $5.70 or lower. No purchases will be made above $5.70. A copy of the Plan can be found in Exhibit 10.1 to this Current Report on Form 8-K, incorporated herein by reference.

Rule 10b5-1 permits the establishment of a written plan to repurchase a specified number of shares over a set period of time. The plan must be entered into in good faith at a time when the Company is not in possession of material non-public information. Subsequent receipt by the Company of material, non-public information will not prevent transactions under the plan from being executed. Except as may be required by law, the Company does not undertake to report modifications, terminations, transactions or other activities under the plan referred to above.





Item 9.01 Financial Statements and Exhibits.

(c) Exhibits.

Exhibit 10.1 - Harris Interactive Inc. Share Repurchase Program 10b5-1 Plan Document, dated as of June 9, 2006






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.

         
    Harris Interactive Inc.
          
June 12, 2006   By:   Ronald E. Salluzzo
       
        Name: Ronald E. Salluzzo
        Title: Chief Financial Officer and Corporate Secretary


Exhibit Index


     
Exhibit No.   Description

 
10.1
  Harris Interactive Inc. Share Repurchase Program 10b5-1 Plan Document, dated as of June 9, 2006