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): November 3, 2014
RIGHTSIDE GROUP, LTD.
(Exact name of Registrant as specified in its charter)
Delaware | | 001-36262 | | 32-0415537 |
(State or other jurisdiction of incorporation) | | (Commission File No.) | | (I.R.S. Employer Identification No.) |
5808 Lake Washington Blvd. NE, Suite 300 Kirkland, Washington | |
98033
|
(Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (425) 298-2500
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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
The board of directors of Rightside Group, Ltd. (the “Company”) approved adjustments to the compensation of Taryn Naidu and Tracy Knox in connection with the compensation committee’s review, in consultation with the Company’s independent compensation consultant, Compensia, Inc., of the compensation of the Company’s management in comparison to peer companies.
Upon recommendation by the compensation committee, the board of directors approved the following grants of restricted stock units pursuant to the Rightside 2014 Equity Incentive Award Plan. The restricted stock units granted to each person vest in 16 substantially equal installments on each three month anniversary of the grant date.
Name and Principal Position | | Restricted Stock Units (#) | | Grant Date | |
Taryn J. Naidu
Chief Executive Officer | | 86,947 | | 11/3/14 | |
Tracy Knox
Chief Financial Officer | | 7,895 | | 11/3/14 | |
In addition, the board of directors, upon recommendation by the compensation committee, also approved an increase in Mr. Naidu’s annual base salary from $360,000 to $375,000 and an increase in the target bonus percentage of Mr. Naidu’s annual base salary from 65% to 85%. The bonus performance goals with respect to Mr. Naidu’s bonus remained unchanged.
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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.
Date: November 7, 2014 | RIGHTSIDE GROUP, LTD. |
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| By: | /s/ Taryn J. Naidu |
| | Taryn J. Naidu |
| | Chief Executive Officer |
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