-----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, HW8cKqrF2lPdLrSY5Y+sShJ17Xyou61quvcWOshZf+yT4QD1vQVtbnj3bZB6quoQ ieA7ssOylUdo54tam1G4Fg== 0001437749-10-002369.txt : 20100729 0001437749-10-002369.hdr.sgml : 20100729 20100729091256 ACCESSION NUMBER: 0001437749-10-002369 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100727 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20100729 DATE AS OF CHANGE: 20100729 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Optionable Inc CENTRAL INDEX KEY: 0001303433 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES [6200] IRS NUMBER: 522219407 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-51837 FILM NUMBER: 10976141 BUSINESS ADDRESS: STREET 1: 55 ST. MARKS PLACE STREET 2: SUITE 4 CITY: NEW YORK STATE: NY ZIP: 10003-7988 BUSINESS PHONE: 914-773-1100 MAIL ADDRESS: STREET 1: 55 ST. MARKS PLACE STREET 2: SUITE 4 CITY: NEW YORK STATE: NY ZIP: 10003-7988 8-K 1 optionable_8k-072710.htm optionable_8k-072710.htm
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):  July 27, 2010


OPTIONABLE, INC.
(Exact Name of Registrant as Specified in its Charter)

Delaware
000-51837
52-2219407
(State of Incorporation)
(Commission File Number)
(IRS Employer ID)


55 St. Marks Place, Suite 4
New York, NY 10003-7988
(Address of principal executive offices)

(914) 773-1100
(Registrant’s telephone number, including area code)


(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 Instructions 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  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On July 27, 2010, Optionable, Inc. (the “Company”) appointed Matthew L. Katzeff, age 40, to the position of Chief Financial Officer. Per his employment letter, Mr. Katzeff shall receive an annual salary of $20,000, pro rated for the year 2010. Also, subject to the approval of the Company’s board of directors at its next meeting, Mr. Katzeff shall receive 450,000 stock options in accordance with the Company’s standard terms and conditions for such grant.

Mr. Katzeff is a managing director and head of M&A at Ashir Capital, a financial advisory and strategic consulting firm primarily focused on Chinese companies. He has extensive experience in investment banking, starting in 1993 with The Blackstone Group, where he worked as an analyst. Since his tenure at Blackstone, Mr. Katzeff was part of the M&A teams at SBC Warburg Dillon Read, Credit Suisse First Boston, and the Peter J. Solomon Company. He then became a vice president at North Atlantic Trading Company, focusing on the sourcing and execution of both stand-alone and “bolt-on” private equity investments. He was also responsible for the financing and refinancing of a number of the company’s investments and acquisitions, including the arrangement of senior debt facilities and high-yield offerings. More recently, Mr. Katzeff was a managing director at J. Giordano Securities Group, an investment banking boutique in which he focused upon the development, strategy and execution of debt and equity capital transactions as well as M&A across a number of industry sectors.

Mr. Katzeff has closed transactions amounting to an aggregate value of approximately $14 billion.  Sectors in which Mr. Katzeff has operated include consumer products, retail, business process outsourcing, teleservices, IT services, aerospace and defense, healthcare, building materials, gaming, enterprise software, financial institutions, natural resources, alternative fuels, and general industrial & manufacturing.

Mr. Katzeff graduated from Cornell University in 1991, earning a BS in Economics with a concentration in International Finance.  He is Series 7, 63 and 79 licensed and also is proficient in Spanish and Japanese.

 
 
 

SIGNATURE

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
  OPTIONABLE, INC.  
       
       
       
 
By:
/s/ Brad P. O’Sullivan  
    Brad P. O’Sullivan  
    Interim Chief Executive Officer  
       
       
Date:  July 27, 2010      
 

 
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