UNITED STATES
COLONY RESORTS LVH ACQUISITIONS, LLC
(Exact name of registrant as specified in its charter)
Nevada | 000-50635 | 41-2120123 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
3000 Paradise Road, Las Vegas, Nevada |
| 89109 |
(Address of principal executive offices) |
| Zip Code |
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N/A |
(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
On February 24, 2012, the Company entered into a Separation Agreement with David Monahan following his resignation as the Company’s Chief Executive Officer and General Manager.
Pursuant to the mutual agreement between Mr. Monahan and the Company, Mr. Monahan’s Employment Agreement dated September 8, 2009 will terminate on February 29, 2012.
The Company will pay Mr. Monahan an accrued but unpaid bonus, in the amount of $100,000, on February 29, 2012. In addition, the Company will pay Mr. Monahan an additional $100,000 in six monthly installments ending August 31, 2012.
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 on February 28, 2012.
COLONY RESORTS LVH ACQUISITIONS, LLC | |
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By: | /s/Robert E. Schaffhauser |
Name: | Robert E. Schaffhauser |
Title: | Executive Vice President-Finance |
