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
May 21, 2007
Date of Report (Date of earliest event reported)
EDGAR Online, Inc.
(Exact name of registrant as specified in its charter)
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| Delaware | | 0-26071 | | 06-1447017 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (IRS Employer Identification Number) |
50 Washington Street, Norwalk, Connecticut 06854
(Address of principal executive offices) (Zip Code)
(203) 852-5666
(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 1.02 Termination of a Material Definitive Agreement.
See Item 5.02, below.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.
On May 21, 2007, EDGAR Online, Inc. (the “Company”) terminated the Employment Agreement dated November 29, 2004 of Mr. Morton Mackof, Executive Vice President, Sales. Under the terms of Mr. Mackof’s employment agreement with the Company, the Company will pay Mr. Mackof salary and earned commissions up to the termination date and $311,758 in severance compensation (12 months’ salary plus the average of Mr. Mackof’s last two years’ cash bonuses and sales commissions), less applicable tax withholdings and deductions. Additionally, all of Mr. Mackof’s 250,000 Company stock options will vest as of May 21, 2007. The term of these stock options will continue until May 21, 2012.
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.
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| Date: May 22, 2007 | | EDGAR ONLINE, INC. |
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| | /s/ Susan Strausberg |
| | Susan Strausberg |
| | Chief Executive Officer and Secretary |
