0001437749-14-009899.txt : 20140527 0001437749-14-009899.hdr.sgml : 20140526 20140527105146 ACCESSION NUMBER: 0001437749-14-009899 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20140522 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20140527 DATE AS OF CHANGE: 20140527 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: 14868915 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 opbl20140527_8k.htm FORM 8-K opbl20140527_8k.htm

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): May 22, 2014

 

OPTIONABLE, INC. 

(Exact name of registrant as specified in its charter)

  

Delaware

(State or other jurisdiction

of incorporation)

  

000-51838

(Commission File Number)

  

52-2219407

(I.R.S. Employer

Identification No.)

  

635 Beach 19th Street

Far Rockaway, NY 11691

  

  

(Address of principal executive offices)

(zip code)

  

  

  

  

  

  

  

(516) 807-1981

  

  

(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:

  

☐

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 May 22, 2014, Optionable, Inc. (the “Company”) entered into a Settlement Agreement (the “Agreement”) with Mark Nordlicht (“Nordlicht”) and CME Group, Inc. (“CME”) (Nordlicht, together with the Company, the “Optionable Parties,” and the Optionable Parties together with CME, the “Parties,” and each, a “Party”) which sets for the agreement for the final terms of settlement and dismissal of the lawsuit entitled CMEG NYMEX Holdings, Inc. v. Optionable, Inc. et al., No. 09-CV-3677 (S.D.N.Y.) (the “Litigation”). Pursuant to the Agreement, Nordlicht agrees to make a settlement payment to CME on or before June 3, 2014, and CME agrees to return to the Company 10,758,886 shares of common stock issued by the Company to it in 2007. The Agreement calls for full mutual releases and on the date of payment by Nordlicht to CME, the Parties shall file for an order dismissing the Litigation with prejudice.

 

SIGNATURE

 

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.

 

Dated: May 27, 2014

 

Optionable, Inc.

 

 

 

By: /s/ Dov Rauchwerger

 

 

 

Dov Rauchwerger

 

 

 

CEO