0001193125-11-092580.txt : 20110408 0001193125-11-092580.hdr.sgml : 20110408 20110408160636 ACCESSION NUMBER: 0001193125-11-092580 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110405 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20110408 DATE AS OF CHANGE: 20110408 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADPT Corp CENTRAL INDEX KEY: 0000709804 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER COMMUNICATIONS EQUIPMENT [3576] IRS NUMBER: 942748530 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-15071 FILM NUMBER: 11749595 BUSINESS ADDRESS: STREET 1: 691 S MILPITAS BLVD STREET 2: M/S25 CITY: MILPITAS STATE: CA ZIP: 95035 BUSINESS PHONE: 4089458600 MAIL ADDRESS: STREET 1: 691 SOUTH MILPITAS BLVD., SUITE 208 STREET 2: M/S25 CITY: MILPITAS STATE: CA ZIP: 95035 FORMER COMPANY: FORMER CONFORMED NAME: ADAPTEC INC DATE OF NAME CHANGE: 19920703 8-K 1 d8k.htm FORM 8-K Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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): April 5, 2011

 

 

ADPT Corporation

(Exact name of Registrant as specified in its charter)

 

 

 

Delaware   0-15071   94-2748530

(State or other jurisdiction

of incorporation)

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

691 S. Milpitas Blvd., Suite 208, Milpitas, California, 95035

(Address of principal executive offices including zip code)

(408) 945-8600

(Registrant’s telephone number, including area code)

 

 

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 1.01 Entry into a Definitive Material Agreement.

On April 5, 2011, ADPT Corporation (“ADPT” or the “Company”) entered into a Consulting Agreement (“Consulting Agreement”) with Legend7 Sports, LLC (“Legend7 Sports”) and Dennis M. Mannion, in which Legend7 Sports and Mr. Mannion will provide services to the Company for the development and completion of a business and financial plan regarding youth sports. Legend7 Sports and Mr. Mannion will also perform other services and projects as reasonably related to these services or as agreed upon by the Company’s Chief Executive Officer and Mr. Mannion.

The Consulting Agreement, which is effective retroactively to March 31, 2011 (the “Effective Date”), provides for the Company to pay Legend7 Sports a consulting fee of $83,333.33 per month and to reimburse Legend7 Sports for all reasonable business expenses. The Consulting Agreement shall remain in effect for one year from the Effective Date (the “Term”).

If the Company terminates the Consulting Agreement within one year from the Effective Date for any reason other than as a result of a material breach by Legend7 Sports or Mr. Mannion, the Company must continue to pay Legend7 Sports the remaining monthly consulting fees of $83,333.33 through the end of the Term.

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.

 

ADPT Corporation
By:  

/s/ MARY L. DOTZ

  Name:   Mary L. Dotz
  Title:   Chief Financial Officer

Dated: April 8, 2011