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): January 19, 2011
INNERWORKINGS,
INC.
(Exact
name of registrant as specified in its charter)
|
Delaware
(State
or other jurisdiction
of
incorporation)
|
000-52170
(Commission
File
Number)
|
20-5997364
(I.R.S.
Employer
Identification
No.)
|
|
600
West Chicago Avenue
Suite
850
Chicago,
Illinois
(Address
of principal executive offices)
|
60610
(Zip
Code)
|
|
(312)
642-3700
(Registrant’s
telephone number, including area code)
|
|
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:
|
|
¨
|
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
Principal Officers; Election of Directors; Appointment of Principal
Officers.
|
(b)
(e) Effective January 19, 2011, Jonathan Shean no longer
serves as the Senior Vice President of Operations of InnerWorkings, Inc. (the
“Company”). Also effective January 19, 2011, the Company entered into
a separation and independent contractor agreement with Mr. Shean pursuant to
which he will provide consulting services to the Company through July 1,
2011. As compensation for such services, Mr. Shean will receive the
following: (i) current base salary ($270,000 on an annualized basis) through
July 19, 2011; (ii) continued vesting in previously made stock grants through
December 1, 2011; (iii) a $50,000 lump sum payment; (iv) a bonus equal to
$50,000 on April 1, 2011, representing his bonus eligibility for the 2010 fiscal
year; (v) COBRA payments to continue medical and dental benefits for Mr. Shean
and his family through December 31, 2011; and (vi) continuation of
life insurance and long term disability coverage through December 31,
2011.
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.
|
INNERWORKINGS,
INC.
|
||
|
Dated: January
24, 2011
|
By:
|
/s/ Joseph M.
Busky
|
|
Name:
Joseph M. Busky
|
||
|
Title:
Chief Financial
Officer
|
||