-----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, Tjp/a+jJMupydoFFOxSP8rjjWoOWhRnCqQsRojtqCYGkqgDdoRZmDzAkDmfqJ502 c/OJWUIeuGGkq4eTqC5AGw== 0001144204-08-012895.txt : 20080303 0001144204-08-012895.hdr.sgml : 20080303 20080303144533 ACCESSION NUMBER: 0001144204-08-012895 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20080222 ITEM INFORMATION: Termination of a Material Definitive Agreement ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080303 DATE AS OF CHANGE: 20080303 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AVP INC CENTRAL INDEX KEY: 0000930817 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MEMBERSHIP SPORTS & RECREATION CLUBS [7997] IRS NUMBER: 980142664 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-26454 FILM NUMBER: 08659166 BUSINESS ADDRESS: STREET 1: 6100 CENTER DRIVE STREET 2: SUITE 900 CITY: LOS ANGELES STATE: CA ZIP: 90045 BUSINESS PHONE: 310-426-8000 MAIL ADDRESS: STREET 1: 6100 CENTER DRIVE STREET 2: SUITE 900 CITY: LOS ANGELES STATE: CA ZIP: 90045 FORMER COMPANY: FORMER CONFORMED NAME: OTHNET INC DATE OF NAME CHANGE: 20010502 FORMER COMPANY: FORMER CONFORMED NAME: PL BRANDS INC DATE OF NAME CHANGE: 19941003 8-K 1 v105127_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 1934
 
Date of Report (Date of earliest event reported): February 22, 2008
 
AVP, Inc.
(Exact name of registrant as specified in charter)
 
Delaware
(State or other jurisdiction of incorporation)
 
005-79737
 
98-0142664
(Commission File Number)
 
(IRS Employer Identification No.)
 
6100 Center Drive, Suite 900, Los Angeles, CA
 
90045
(Address of Principal Executive Offices)
 
(Zip Code)
     
Registrant’s telephone number, including area code:
 
(310) 426-8000
 

 
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):
 
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 

 

Item 1.02
Termination of a Material Definitive Agreement.
 
On February 22, 2008 Russ Pillar, AVP, Inc. (“AVP”) and AVP Pro Beach Volleyball Tour, Inc. (together with AVP, the “Company”) entered into a separation agreement, pursuant to which, Mr. Pillar resigned from his position as Vice Chair, Operations and as a member of the Board of Directors of AVP, Inc. In addition, Mr. Pillar and the Company terminated the employment letter agreement between them, dated November 1, 2007.

Item 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 
On February 22, 2008, AVP announced the resignation of Russ Pillar from his position as Vice Chair, Operations and as a member of the Board of Directors. For additional information, reference is made to Item 1.02 and the Company’s press release dated February 22, 2008, which is filed as Exhibit 99.1 and incorporated herein by reference.

Item 9.01.
Financial Statements and Exhibits.
     
(d)
Exhibits
 
     
 
Exhibit No.
Description
     
 
99.1
Press Release, dated February 22, 2008.
 

 
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.
   
  AVP, INC.
   
  By: /s/ Jeffrey Benz

Name: Jeffrey Benz
Title: Chief Administrative Officer
   
Dated: March 3, 2008  
 
 
 

 
EX-99.1 2 v105127_ex99-1.htm


FOR IMMEDIATE RELEASE
 
AVP Announces Management Team Transition
 
LOS ANGELES, February 21, 2008 -AVP, Inc. (OTCBB: AVPI) announced that, effective today, Russ Pillar has resigned as Vice Chairman of the Company’s Board of Directors and from his executive post. Mr. Pillar will continue to be available to AVP as a consultant in the area of developing senior sponsorship relationships and providing guidance on strategy for the Company’s digital media efforts.
 
“Russ had a strong and immediate positive impact on our brand, our business, and our company,” said Leonard Armato, AVP’s Chairman and Chief Executive Officer. “I look forward to calling on him for continued counsel in the future.”
 
“Leonard and I agree on AVP’s promise,” said Russ Pillar. “We also agree that, given his leadership and direction of the Company, my contribution will best be made as called upon rather than on a full-time operational basis.”
 
About AVP, Inc.
 
AVP, Inc. is a leading lifestyle sports entertainment company focused on the production, marketing and distribution of professional beach volleyball events worldwide. One of the fastest growing entities in the sports world, the AVP operates two of the industry's most prominent national outdoor touring series, the AVP Pro Beach Volleyball Tour (1983) and the AVP Hot Winter Nights Indoor Tour launching in 2008. The AVP is set to stage more than 35 events throughout the United States in 2008 and features more than 150 of the top men and women competitors in the sport.  At the 2004 Athens Olympics, AVP athletes representing the United States won gold and bronze. The medals were the first won by the U.S. women in professional beach volleyball, and the 2007 World Champions in each gender are AVP athletes. AVP is headquartered in Los Angeles, Calif., and the company¹s stock trades under the symbol AVPI on the OTC Bulletin Board. For more information, please visit www.avp.com.

 
Forward Looking Statements
 
Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of the Company. We wish to caution you that these statements involve risks and uncertainties and actual results might differ materially from those in the forward-looking statements, if we receive less sponsorship and advertising revenue than anticipated, or if attendance is adversely affected by unfavorable weather. Event-related expenses, such as for the stadium, transportation and accommodations, or security might be greater than expected; or marketing or administrative costs might be increased by our hiring, not currently planned, of a particularly qualified prospect. Additional factors have been detailed in the Company’s filings with the Securities and Exchange Commission, including our recent filings on Forms 10-KSB and 10-QSB.
 
####
 
Media Contact:
Kimberly Moran
Brener Zwikel & Associates
818-462-5612 / kimberlym@bzapr.com
 
 
 

 
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