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): December 31, 2004
ENTERCOM COMMUNICATIONS CORP.
(Exact Name of Registrant as Specified in Charter)
Pennsylvania | | 001-14461 | | 23-1701044 |
(State or Other Jurisdiction
of Incorporation) | | (Commission File Number) | | (I.R.S. Employer
Identification No.) |
| | |
| | | | |
401 City Avenue, Suite 809 | | | | 19004 |
Bala Cynwyd, Pennsylvania | | | | (Zip Code) |
(Address of Principal Executive Offices) | | | | |
| | | | |
Registrant’s telephone number, including area code: (610) 660-5610 | | |
| | |
| | |
(Former Address of Principal Executive Offices) |
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 1.01. Entry into a Material Definitive Agreement
On December 31, 2004, Entercom Communications Corp. (the “Company”) entered into a new Employment Agreement (the “Employment Agreement”) with the Company’s Chief Financial Officer, Stephen F. Fisher, pursuant to which Mr. Fisher shall continue to serve as the Company’s Chief Financial Officer until February 29, 2008 or such earlier date upon which Mr. Fisher’s employment may be terminated in accordance with the terms of the Employment Agreement. The Employment Agreement provides for Mr. Fisher’s continued employment at an initial base salary of $450,000. In addition, during the term of the Employment Agreement, Mr. Fisher will received stock options and shares of restricted stock all as described in the Employment Agreement. A copy of the Employment Agreement is filed as Exhibit 10.01 to this Current Report and is incorporated herein by reference.
Item 1.02. Termination of a Material Definitive Agreement.
On December 31, 2004, upon entering into the new Employment Agreement with Mr. Fisher as described in Item 1.01 of this Current Report, the prior employment agreement between the Company and Mr. Fisher dated August 6, 2002 as supplemented on March 9, 2004, was replaced and superseded by the new Employment Agreement (in effect, terminating the prior agreement early without penalty or cost to either party). The prior employment agreement was filed as Exhibit 10.01 to the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2002, as filed with the Commission on August 13, 2002. The supplement to the prior employment agreement was filed as Exhibit 10.01 to the Company’s Quarterly Report on Form 10-Q for the period ended March 31, 2004, as filed with the Commission on May 4, 2004.
Item 9.01. Exhibits
(c) Exhibits
The following exhibit is filed as part of this Current Report on Form 8-K:
Exhibit No. | | Title |
| | |
10.01 | | Employment Agreement, dated December 31, 2004, between Entercom Communications Corp. and
Stephen F. Fisher. |
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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.
| Entercom Communications Corp. |
| | | |
| | | |
| | By: | /s/ Stephen F. Fisher | |
| | | Stephen F. Fisher |
| | | Executive Vice President and |
| | | Chief Financial Officer |
| | | |
Dated: January , 2005 | | | |
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EXHIBIT INDEX
Exhibit No. | | Title |
| | |
10.01 | | Employment Agreement, dated December 31, 2004, between Entercom Communications Corp. and
Stephen F. Fisher |
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