e60698507frm8k.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): June 17, 2009
THESTREET.COM,
INC.
(Exact
name of registrant as specified in its charter)
DELAWARE
(State or
other jurisdiction of incorporation)
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0-25779
(Commission
File Number)
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06-1515824
(IRS
Employer Identification No.)
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14
WALL STREET, 15TH
FLOOR
NEW
YORK, NEW YORK 10005
(Address
of principal executive offices, including zip code)
Registrant’s
telephone number, including area code: (212) 321-5000
NA
(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):
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 Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On June
19, 2009, TheStreet.com, Inc. (the “Company”) appointed Richard Broitman as
Chief Accounting Officer of the Company. Mr. Broitman, who is
56, joined the Company as its Controller in July 2000, was appointed Vice
President of Finance in October 2007 and was named Acting Chief Accounting
Officer in May 2009. Before joining the Company, Mr. Broitman was
Controller of Individual Investor Group, an online and print media company, was
Director of International Royalties for Bertelsmann Music Group and worked in an
audit capacity for both Deloitte Touche Tohmatsu (formerly Touche Ross &
Co.) and CBS Corporation.
For his
service as the Company’s Chief Accounting Officer, Mr. Broitman will receive an
annual base salary of $200,000 and will be eligible to receive a target annual
bonus of 40% of his base salary, contingent upon achieving performance goals to
be established by the Company’s Compensation Committee with input from Mr.
Broitman. In addition, Mr. Broitman will be granted, as of July 1,
2009, 47,778 restricted stock units (“RSUs”) payable in shares of the Company’s
common stock under the Company’s 2007 Performance Incentive Plan, vesting in the
amount of 4,778 shares on each of the first four anniversaries of the date of
grant and the balance on the fifth anniversary of the date of
grant. Any unvested RSUs will become vested upon the occurrence of a
change in control of the Company; a portion of any unvested RSUs will become
vested upon Mr. Broitman’s death or disability; any unvested RSUs will be
forfeited upon the occurrence of certain events, including the termination of
Mr. Broitman’s employment other than as a result of his death or disability; and
the RSUs will be subject to clawback by the Company in certain
circumstances.
On June
17, 2009, David Morrow, Editor-in-Chief, announced that he would be resigning
from the Company to become the first Donald W. Reynolds Endowed Chair in
Business Journalism at the Reynolds School of Journalism of the University of
Nevada, Reno.
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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THESTREET.COM,
INC. (Registrant)
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Date:
June 19, 2009
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By:
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/s/
Gregory Barton |
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Gregory
Barton
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Executive
Vice President, Business and
Legal
Affairs, General Counsel & Secretary
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