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) FEBRUARY 28, 2002
INTERNATIONAL COSMETICS MARKETING CO.
------------------------------------------------------
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
FLORIDA 0-27833 65-0598868
- --------------- ------------ -------------------
(STATE OR OTHER (COMMISSION (IRS EMPLOYER
JURISDICTION OR FILE NUMBER) IDENTIFICATION NO.)
INCORPORATION)
6501 NORTHWEST PARK OF COMMERCE BLVD., SUITE 205
BOCA RATON, FLORIDA 33487
------------------------------------------------------------
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES, INCLUDING ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (561) 999- 8878
----------------
NOT APPLICABLE
(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
ITEM 5. OTHER EVENTS
EFFECTIVE FEBRUARY 28, 2002, INTERNATIONAL COSMETICS MARKETING CO. (THE
"COMPANY") AND MR. SONNY SPODEN MUTUALLY AGREED TO TERMINATE MR. SPODEN'S
EMPLOYMENT AS CHIEF FINANCIAL OFFICER AND A MEMBER OF THE BOARD OF DIRECTORS OF
THE COMPANY. THE COMPANY HAS RETAINED MR. SPODEN AS A FINANCIAL CONSULTANT.
EFFECTIVE MARCH 16, 2002, MARK A. PINVIDIC WAS APPOINTED BY THE BOARD OF
DIRECTORS AS PRESIDENT, ACTING CHIEF FINANCIAL OFFICER, AND A MEMBER OF THE
BOARD OF DIRECTORS OF THE COMPANY. MR. PINVIDIC HAS MORE THAN 24 YEARS
EXPERIENCE IN CONSUMER PRODUCTS MARKETING, MERCHANDISING, CORPORATE AFFAIRS AND
COMMUNICATIONS, AND PUBLIC RELATIONS. FROM 1989 THROUGH TO 1996, MR. PINVIDIC
WAS PRESIDENT AND OWNER OF HARPP INDUSTRIES, INC., A CONSUMER PRODUCTS MARKETING
COMPANY. IN 1994, MR. PINVIDIC CO-FOUNDED, AND WAS A DIRECTOR OF KNOWELL
THERAPEUTIC TECHNOLOGIES, INC.; A COMPANY FORMED AROUND A REVOLUTIONARY
ANTI-CARIES DRUG. HE WAS A MARKETING CONSULTANT FOR THAT COMPANY UNTIL DECEMBER
1997. SINCE JANUARY 1998 AND UP TO HIS APPOINTMENT BY THE COMPANY, MR. PINVIDIC
HAS WORKED ON CONSUMER PRODUCT DEVELOPMENT THROUGH HIS PRIVATE COMPANY, PINVIDIC
COMMUNICATIONS.
THE COMPANY ENTERED INTO A THREE-YEAR CONTRACT WITH MR. PINVIDIC, WITH A BASE
COMPENSATION OF $100,000 PER YEAR AND ENTITLEMENT TO PARTICIPATE IN THE
COMPANY'S BENEFITS PROGRAM. THE ANNUAL SALARY IS SUBJECT TO CHANGE, AS
DETERMINED BY THE COMPANY'S BOARD OF DIRECTORS, BASED ON THE COMPANY'S
PERFORMANCE AND ADJUSTMENTS COMMENSURATE WITH INDUSTRY STANDARDS. IN ADDITION,
MR. PINVIDIC HAS BEEN GRANTED INCENTIVE STOCK OPTIONS IN ACCORDANCE WITH THE
COMPANY'S 1997 STOCK OPTION PLAN TO PURCHASE 450,000 SHARES OF THE COMPANY'S
COMMON STOCK. 225,000 STOCK OPTIONS EXERCISABLE AT $ 1.10 AND 225,000 STOCK
OPTIONS EXERCISABLE AT $1.50 PER SHARE VESTING OVER THREE (3) YEARS.
EFFECTIVE MARCH 16, 2002, MR. NICO P. PRONK, A MEMBER OF THE COMPANY'S BOARD OF
DIRECTORS AND PRINCIPAL SHAREHOLDER, TERMINATED HIS POSITION OF ACTING
PRESIDENT.
SIGNATURES
PURSUANT TO THE REQUIREMENTS OF THE SECURITIES EXCHANGE ACT OF 1934, AS
AMENDED THE REGISTRANT HAS DULY CAUSED THIS REPORT TO BE SIGNED ON ITS BEHALF BY
THE UNDERSIGNED HEREUNTO DULY AUTHORIZED.
INTERNATIONAL COSMETICS MARKETING CO.
BY: /s/ MARK PINVIDIC
------------------------------
PRESIDENT AND DIRECTOR
BY: /s/ NICO P. PRONK_________
------------------------------
DIRECTOR
DATED: APRIL 18, 2002