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): December 19, 2014
ENTRAVISION COMMUNICATIONS CORPORATION
(Exact name of registrant as specified in its charter)
Delaware | 1-15997 | 95-4783236 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
2425 Olympic Boulevard, Suite 6000 West
Santa Monica, California 90404
(Address of principal executive offices) (Zip Code)
(310) 447-3870
(Registrants telephone number, including area code)
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 (see General Instruction A.2. below):
¨ | 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 5.02(e) Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 19, 2014, Entravision Communications Corporation (the Company) amended its employment agreement with Mario M. Carrera, pursuant to which he serves as the Companys Chief Revenue Officer. This amendment is effective as of January 1, 2015.
The amendment provides that Mr. Carrera shall perform his duties primarily at the Companys location in Los Angeles, California for the remainder of the term of his employment agreement and that the Company shall pay for the cost of medical and dental coverage for Mr. Carrera and his dependents. The amendment also provides Mr. Carrera with reimbursement of housing expenses and an additional allowance in respect of automobile expenses.
The foregoing summary does not purport to be complete and is qualified in its entirety by the terms of the amendment to employment agreement filed as Exhibit 10.1 to this Current Report on Form 8-K, which is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
10.1 | Amendment No. 1 to Executive Employment Agreement effective as of January 1, 2015 by and between the registrant and Mario M. Carrera. |
| Management contract or compensatory plan, contract or arrangement. |
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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.
ENTRAVISION COMMUNICATIONS CORPORATION | ||||||
Date: December 23, 2014 | By: | /s/ Walter F. Ulloa | ||||
Walter F. Ulloa | ||||||
Chairman and Chief Executive | ||||||
Officer |
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EXHIBIT INDEX
Exhibit Number |
Description of Exhibit | |
10.1 | Amendment No. 1 to Executive Employment Agreement effective as of January 1, 2015 by and between the registrant and Mario M. Carrera. |
| Management contract or compensatory plan, contract or arrangement. |
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Exhibit 10.1
AMENDMENT NO. 1 TO EXECUTIVE EMPLOYMENT AGREEMENT
THIS AMENDMENT NO.1 to the Executive Employment Agreement shall be effective as of January 1, 2015 (the Effective Date), by and between Entravision Communications Corporation (the Company), and Mario M. Carrera (the Executive). The Company and the Executive entered into an Executive Employment Agreement effective as of September 1, 2012 (the Agreement), and the parties desire to amend the Agreement as described herein. Now, therefore, for and in consideration of the premises and mutual covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:
1. Effective on the Effective Date, the Agreement is amended as follows:
a. Section 1.a. is amended by adding the following sentence to the end thereof:
The principal location at which the Executive shall perform his duties shall be the Companys offices in Los Angeles, California; provided, the Executive may perform his duties for up to five business days per month at the Companys offices in Denver, Colorado, and the Company will maintain an office and executive assistant for use by the Executive in the Companys offices in Denver, Colorado.
b. Section 3.c. is amended by adding the following sentence to the end thereof:
During the Employment Term, the Company shall pay for the cost of medical and dental coverage for the Executive and the Executives dependents under the Companys established medical and dental benefit plans at no cost to the Executive; provided, that if the provision of any such coverage under a fully-insured plan would subject the Company to an excise tax, then the foregoing provision shall not apply.
c. Section 3.e. is amended and restated in its entirety to read as follows:
e. Automobile Allowance. The Executive will receive $1,000.00 per month as an allowance in respect of automobile expenses.
d. A new Section 3.i. is added to the end of Section 3 to read as follows:
i. Reimbursement of Housing Expense. During the Employment Term, so long as the principal location at which Executive shall perform his duties is Los Angeles, California, the Company will reimburse Executive for, or pay directly to applicable vendors, Employees monthly housing expense in the Los Angeles, California metropolitan area in an amount up to $3,500 per month.
2. In all other respects, the Agreement shall remain in full force and effect. This Amendment may be executed in counterparts, each of which shall be deemed an original and all of which shall together constitute one and the same instrument, and may be signed and transmitted by e-mail or other electronic transmission with the same validity as if it were an ink-signed document.
IN WITNESS WHEREOF, the parties have executed this Amendment on the Effective Date.
Entravision Communications Corporation | Executive | |||||||
By: | /s/ Walter F. Ulloa |
By: | /s/ Mario M. Carrera | |||||
Name: Walter F. Ulloa | Name: Mario M. Carrera | |||||||
Title: Chairman and Chief Executive Officer |