Current Report Filing (8-k)
December 03 2012 - 4:00PM
Edgar (US Regulatory)
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
November
30, 2012
Date
of Report (Date of earliest event reported)
iPARTY
CORP.
(Exact
name of registrant as specified in its charter)
Delaware
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001-15611
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76-0547750
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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270 Bridge Street, Suite 301, Dedham, Massachusetts
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02026
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(Address
of principal executive offices)
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(Zip
Code)
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(781) 329-3952
(
Registrant’s
telephone number, including area code)
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):
⃞
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 Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
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On November 30, 2012, Martin J. Hernon was elected to the Board of
Directors (“
Board
”) of iParty Corp. (“
iParty
”)
to serve until the 2013 Annual Meeting, increasing the size of the Board
from four members to five members. Mr. Hernon, a partner at Boston
Millennia Partners, LP, which owns, along with an affiliated entity, all
of the outstanding shares of Series C Convertible Preferred Stock of
iParty, is the designee of the holders of the Series C Convertible
Preferred Stock. Under iParty’s Restated Certificate of Incorporation,
the holders of the Series C Convertible Preferred Stock are entitled to
elect one director to the Board so long as at least fifty percent (50%)
of the initially issued shares of Series C Convertible Preferred Stock
remains outstanding.
Mr. Hernon has been a partner at Boston Millennia Partners since its
founding in 1997. Mr. Hernon was formerly a Principal at Boston Capital
Ventures. Previous to this position, he was Assistant General Counsel
for Lifetime Corporation, an alternate site healthcare services business
listed on the NYSE, responsible for securities law matters and mergers
and acquisitions. He was also a corporate attorney at Warner &
Stackpole LLP focusing on emerging growth companies.
On December 3, 2012, the Company issued a press release announcing the
appointment of Mr. Hernon. The press release is filed as exhibit 99.1
to this Current Report on Form 8-K and is incorporated herein by
reference.
Item 9.01
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Financial Statements and Exhibits
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(d) Exhibits
99.1 Press release dated December 3, 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 hereunto duly authorized.
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iPARTY CORP.
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By:
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/s/ SAL PERISANO
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Sal Perisano
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Chairman of the Board and
Chief Executive Officer
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Dated:
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December 3, 2012
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Exhibit List
Exhibit No.
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Description
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99.1
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Press release dated December 3, 2012
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