- Current report filing (8-K)
March 19 2010 - 5:25PM
Edgar (US Regulatory)
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): March 19, 2010
EDGAR Online, Inc.
(Exact Name of Registrant
Specified in Charter)
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Delaware
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001-32194
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06-1447017
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(State or Other Jurisdiction
of Incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification No.)
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50 Washington Street
Norwalk, Connecticut
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06854
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(Address of Principal Executive Offices)
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(Zip Code)
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Registrants telephone number, including area code: (203) 852-5666
(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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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On March 19, 2010, EDGAR Online, Inc. (the Registrant) announced that John C. Ferrara, the
Chief Financial Officer of the Registrant, will resign from the Company, effective March 31, 2010 (the Separation Date). Mr. Ferrara will continue serving as CFO until March 31, 2010 to assist the Company in filing its
2009 Annual Report on Form 10-K.
Subsequent to the Separation Date, the Registrant will pay Mr. Ferrara $187,500, minus
all required tax withholdings, representing ten (10) months salary, payable in cash in accordance with the Companys regular payroll practices, over the ten (10) months beginning on the Separation Date (the Severance
Period). Of the unvested options to purchase 76,666 shares of the Registrants common stock currently owned by Mr. Ferrara, options to purchase 50,000 shares will vest on the Separation Date, and the options to purchase the remaining
26,666 shares will terminate on that date. The Registrant will also continue Mr. Ferraras health and dental benefits during the Severance Period.
Mr. Ferrara and the Company have agreed to customary mutual release and non-disparagement covenants, and Mr. Ferrara will comply with non-solicit and non-compete restrictions for the duration of
the Severance Period.
The Registrant has initiated a search for a new Chief Financial Officer.
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.
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EDGAR Online, Inc.
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By:
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/s/ Philip D. Moyer
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Philip D. Moyer
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Chief Executive Officer and President
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Dated:
March 19, 2010
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