Attached files
file | filename |
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EX-10.5 - Debut Broadcasting Corporation, Inc. | v208474_ex10-5.htm |
EX-10.3 - Debut Broadcasting Corporation, Inc. | v208474_ex10-3.htm |
EX-10.4 - Debut Broadcasting Corporation, Inc. | v208474_ex10-4.htm |
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 January 19, 2011 (January 18,
2011)
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event
reported)
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DEBUT
BROADCASTING CORPORATION, INC.
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(Exact
name of registrant as specified in its
charter)
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NEVADA
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000-50762
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88-0417389
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(State
or other jurisdiction
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(Commission
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(IRS
Employer
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of
incorporation)
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File
Number)
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Identification
No.)
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1011
Cherry Avenue, Suite B
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Nashville,
Tennessee
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37203
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number,
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(615)
866-0530
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including
area code
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N/A
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(Former
name or former address, if changed since last
report.)
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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:
o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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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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o
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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. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
(a) Not
applicable.
(b) Not
applicable.
(c) Not
applicable.
(d) Not
applicable.
(e)
Employment Agreement.
On
January 18, 2011 the Board of Directors of the Company amended the Employment
Agreements originally dated May 7th, 2009
and effective May 24th 2009
(“Employment Agreements”) with Mr. Marquitz, Mr. Heineman, and Ms. Hopkins
effective January 1, 2011. The Agreements were renewed with a term of five
years, and will expire on December 31, 2016 with the option to renew
for one additional year if not canceled in writing by the company upon
expiration. Under the Employment Agreement, upon the occurrence of the
executive’s termination of employment without cause by the company, he or she
will be entitled to the amount of compensation due to the executive under the
greater of the remaining term of the agreement or thirty six months. The
foregoing description of the Employment Agreements are qualified in their
entirety by reference to the Employment Agreements that are attached hereto as
Exhibit 10.3, 10.4 and 10.5 of this Current Report, and is
incorporated by reference into this Item 5.02.
Item 9.01. Financial Statements and
Exhibits
(a) Financial
Statements
None.
(b) Pro Forma Financial
Statements
None.
(d)
Exhibits
10.3
Executive employment agreement of Ronald Heineman
10.4
Executive employment agreement of Robert Marquitz
10.5
Executive employment agreement of Sariah Hopkins
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.
Debut
Broadcasting Corporation, Inc.
/s/ Sariah Hopkins
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Sariah
Hopkins
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Executive
Vice President, and
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Chief
Financial Officer
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Date:
January 19, 2011
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