-----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, MDrwqzYufBcOCZZRhRflmiTG+SFKiX9b+aMxd5SzscwCYMafTQ0WpuZgKpeOIt3P KopQ4kmQDV37nyNOStUSCA== 0001299933-07-006832.txt : 20071123 0001299933-07-006832.hdr.sgml : 20071122 20071123171814 ACCESSION NUMBER: 0001299933-07-006832 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20071116 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20071123 DATE AS OF CHANGE: 20071123 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VALUEVISION MEDIA INC CENTRAL INDEX KEY: 0000870826 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CATALOG & MAIL-ORDER HOUSES [5961] IRS NUMBER: 411673770 STATE OF INCORPORATION: MN FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20243 FILM NUMBER: 071265085 BUSINESS ADDRESS: STREET 1: 6740 SHADY OAK RD CITY: MINNEAPOLIS STATE: MN ZIP: 55344-3433 BUSINESS PHONE: 6129475200 MAIL ADDRESS: STREET 1: 6740 SHADY OAK RAOD CITY: EDEN PRAIRIE STATE: MN ZIP: 55344-3433 FORMER COMPANY: FORMER CONFORMED NAME: VALUEVISION INTERNATIONAL INC DATE OF NAME CHANGE: 19930328 8-K 1 htm_24045.htm LIVE FILING ValueVision Media, 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):   November 16, 2007

ValueVision Media, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)

     
Minnesota 0-20243 41-1673770
_____________________
(State or other jurisdiction 		_____________
(Commission 		______________
(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
6740 Shady Oak Road, Eden Prairie, Minnesota   55344-3433
_________________________________
(Address of principal executive offices) 		  ___________
(Zip Code)
     
Registrant’s telephone number, including area code:   952-943-6000

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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 16, 2007, our board of directors approved a compensation program for John D. Buck, who was appointed as the interim principal executive officer of our company on October 25, 2007. Under the compensation program, Mr. Buck will be paid on a month by month basis until a new principal executive officer has been appointed by the board of directors and begins his or her employment with the company. Mr. Buck will be paid at a rate of $40,000 per month (which will be pro-rated for any partial months of service). Prior to the beginning of the first day of each month, Mr. Buck will advise the board if he elects to receive the monthly compensation in cash, in the form of restricted stock, or in the form of stock options. In the case of restricted stock, for purposes of determining the number of shares of stock he would receive, the closing price of the company’s common stock on the NASDAQ stock exchange on the first trading day of the applicable month would be used. Any shares of restricted stoc k received by Mr. Buck would not vest until a new principal executive officer has commenced his or her employment at the company. In the case of stock options, for purposes of determining the number of stock options he would receive, the exchange ratio as determined by the board’s independent compensation advisor at the beginning of each calendar month would be used. The exercise price of the stock options would be established at the closing price of the company’s common stock on the NASDAQ stock exchange on the first trading day of the applicable month. Any stock options received by Mr. Buck would not vest until a new principal executive officer has commenced his or her employment at the company. Mr. Buck will not have an employment contract with the company and will not be entitled to any additional compensation for his services as interim principal executive officer.

For the initial period of October 25, 2007 throught November 30, 2007, Mr. Buck elected to receive the compensation in the form of restricted stock and the number of shares to be received will be calculated on the basis of the closing price of our company's common stock on the NASDAQ stock exchange on November 16, 2007, the date that our board of directors approved the compensation program.





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.

         
    ValueVision Media, Inc.
          
November 23, 2007   By:   /s/ Nathan E. Fagre
       
        Name: Nathan E. Fagre
        Title: Senior Vice President and General Counsel
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