UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) June 22, 2012
LODGENET INTERACTIVE CORPORATION
(Exact Name of Registrant as Specified in Charter)
Delaware | | 0-22334 | | 46-0371161 |
(State or Other Jurisdiction of
Incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
3900 West Innovation Street, Sioux Falls, SD | | 57107 |
(Address of Principal Executive Offices) | | (Zip Code) |
Registrant’s telephone number, including area code (605) 988-1000
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 (see General Instruction A.2. below):
o Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o 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.
On June 22, 2012, LodgeNet Healthcare, Inc. (“LodgeNet Healthcare”), a wholly-owned subsidiary of LodgeNet Interactive Corporation (the “Company”) entered into a new Executive Employment Agreement (the “Agreement”) with Mr. Gary Kolbeck, President of LodgeNet Healthcare, effective as of January 1, 2012. Under the Agreement, Mr. Kolbeck’s employment with LodgeNet Healthcare continues through December 31, 2012 and will automatically renew for additional terms of one year unless notice of termination is given prior to November 1 of the appropriate term. The Agreement provides that Mr. Kolbeck’s base salary is $200,000.
The Agreement also contains provisions regarding bonus opportunities based on formula, targets and criteria determined by the Board of Directors and severance provisions, including severance in the event of termination as a result of a change in control of the Company. The Agreement also contains a covenant not to compete with the Company for a period of twelve months following termination.
A copy of the Agreement is attached hereto as Exhibit 10.1.
Item 9.01. Financial Statements and Exhibits.
10.1 | | Executive Employment Agreement executed as of June 22, 2012, effective as of January 1, 2012 |
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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.
| LODGENET INTERACTIVE CORPORATION |
| |
| |
Date: June 27, 2012 | By | /s/ James G. Naro |
| | James G. Naro |
| Its | Senior Vice President, General Counsel, |
| | Secretary and Chief Compliance Officer |
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