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 9, 2005 |
TradeStation Group, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
| Florida | 000-31049 | 650977576 |
| _____________________ (State or other jurisdiction | _____________ (Commission | ______________ (I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| 8050 SW 10th Street, Suite 4000, Plantation, Florida | 33324 | |
| _________________________________ (Address of principal executive offices) | ___________ (Zip Code) |
| Registrant’s telephone number, including area code: | (954) 652-7000 |
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 1.01 Entry into a Material Definitive Agreement.
On December 9, 2005, TradeStation Group, Inc. (the "Company") entered into a Management Continuity Agreement (each, an "Agreement" and, collectively, the "Agreements") with three of the Company's Section 16 officers, namely, David H. Fleischman (Chief Financial Officer, Vice President of Finance, and Treasurer), Joseph Nikolson (President and Chief Operating Officer of TradeStation Securities, Inc., the Company's principal operating subsidiary) and Marc J. Stone (General Counsel, Vice President of Corporate Development, Secretary, and director of the Company's operating subsidiaries) (each, an "Executive"). Each of the Agreements was in the form attached hereto as Exhibit 1. Each Agreement provides for potential severance payments during the 100-day period following a Change in Control, as that term is defined in the Agreements, in an amount equal to up to two years of Executive's annual compensation. The Agreements do not commit the Company to retain any Executive's services for any fixed period of time, do not provide for severance payments unless the Company undergoes a Change in Control, and do not represent new hires or appointments, as each Executive has been serving in his current positions for several years.
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.
| TradeStation Group, Inc. | ||||
| December 9, 2005 | By: | /s/ Salomon Sredni | ||
| Name: Salomon Sredni | ||||
| Title: President & Chief Operating Officer | ||||
Exhibit Index
| Exhibit No. | Description | |
1 | Form of Management Continuity Agreement |