Bermuda | 98-0417483 | |
(State or other jurisdiction of | (IRS Employer | |
incorporation) | Identification No.) |
[ ] 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))
Information to be included in the report
Pursuant to the terms of the Transition Agreement dated as of January 23, 2006 by and among the Registrant, the Registrant's subsidiary VistaPrint USA, Incorporated, and Mr. Flanagan previously filed as Exhibit 10.1 to the Registrant's Current Report on Form 8-K filed on January 24, 2006 (the "Transition Agreement"), Mr. Flanagan will provide consulting services to the Registrant through January 1, 2007 and will receive severance benefits equal to six months of base salary and bonus, based upon the greater of Mr. Flanagan's current salary or bonus or the highest base salary and bonus paid to Mr. Flanagan during the prior five fiscal years, and six months of benefit continuation. Through January 1, 2007, the share options granted to Mr. Flanagan in February 2004 for an aggregate of 300,000 common shares of the Registrant will continue to vest in accordance with the vesting schedules set forth in such options. On January 1, 2007, any unvested portion of such share options will become immediately exercisable in full. Upon Mr. Flanagan's separation from employment, all vesting of the share option granted to Mr. Flanagan in May 2005 for 350,000 common shares shall cease.
VistaPrint Limited | ||||||||
Date: July 10, 2006 | By: | /s/ Robert S. Keane | ||||||
Robert S. Keane | ||||||||
Chief Executive Officer | ||||||||