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EX-99.1 - EXHIBIT 99.1 - SEACHANGE INTERNATIONAL INCv301056_ex99-1.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 event reported):      January 31, 2012     

 

SEACHANGE INTERNATIONAL, INC.

(Exact Name of Registrant as Specified in its Charter)

 

DELAWARE   0-21393   04-3197974
(State or Other Jurisdiction of Incorporation or Organization)   (Commission File Number)   (I.R.S. Employer Identification No.)

  

     
50 Nagog Park, Acton, MA   01720
(Address of Principal Executive Offices)   (Zip Code)

 

Registrant’s telephone number including area code:      (978) 897-0100     

 

 

No change since last report

(Former Name or 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 communications 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 Principal Officers; Election of Directors; Appointment of Principal Officers.

 

Effective January 31, 2012, SeaChange International, Inc. (“SeaChange”) eliminated the position of President and terminated the employment of Yvette Kanouff who previously held this position.

 

Ms. Kanouff remains subject to the terms of an Employee Noncompetition, Nondisclosure and Developments Agreement previously executed by Ms. Kanouff with SeaChange, pursuant to which there is a one-year post-employment noncompetition and nonsolicitation obligation.

 

Item 7.01. Regulation FD Disclosure.

 

On February 1, 2012, SeaChange issued a press release regarding Ms. Kanouff’s resignation. A copy of the press release is furnished as Exhibit 99.1 to this report and is incorporated herein by reference.

 

The information contained in this Item 7.01 and Exhibit 99.1 attached and incorporated herein by reference is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended. This information shall not be incorporated by reference into any filing with the U.S. Securities and Exchange Commission made by SeaChange, whether made before or after the date hereof, regardless of any general incorporation language in such filings.

 

Item 9.01. Financial Statements and Exhibits

 

(d) Exhibits

 

The following Exhibits are attached to this report:

 

Exhibit No. Description
   
99.1 Press release issued by SeaChange International, Inc., dated February 1, 2012.

 

 
 

 

 

 

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 thereunto duly authorized.

 

 
  SEACHANGE INTERNATIONAL, INC.
   
   
  By: /s/ Raghu Rau                                             
  Raghu Rau
  Chief Executive Officer

 

 

Dated: February 1, 2012

 

 
 

EXHIBIT INDEX

 

Exhibit No. Description
   
99.1 Press release issued by SeaChange International, Inc., dated February 1, 2012.