ntn_8k-020609.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): February 6,
2009
NTN
Buzztime, Inc.
(Exact
name of registrant as specified in its charter)
001-11460
(Commission File
Number)
| Delaware |
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31-1103425 |
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(State
or other jurisdiction of
incorporation)
|
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(I.R.S. Employer
Identification No.) |
5966
La Place Court
Carlsbad,
California 92008
(Address
of principal executive offices, with zip code)
760-438-7400
(Registrant's
telephone number, including area code)
Not
applicable
(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):
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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
CertainOfficers; Compensatory Arrangements of Certain Officers.
On
February 6, 2009, Gary Arlen resigned as a director of NTN Buzztime, Inc. (the
“Company”), effective February 6, 2009.
In
connection with Mr. Arlen’s resignation, the Company entered into a Separation
Agreement with Mr. Arlen, dated February 6, 2009 (the
“Agreement”). Pursuant to the terms of the Agreement, the
post-separation exercisability period of Mr. Arlen’s 20,000 vested stock options
which were granted on June 15, 2007 was extended from February 6, 2010 to June
15, 2010. Additionally, pursuant to the terms of the Agreement, the
Company agreed to pay Mr. Arlen cash compensation equal to $14,500 which
represents the estimated amount of cash compensation Mr. Arlen would have
received had he continued his current service as a director through the date of
the Company’s next annual meeting of stockholders.
Item
9.01 Financial
Statements and Exhibits.
(d) Exhibits
10.21 Separation
Agreement dated February 6, 2009 between NTN Buzztime, Inc. and Gary
Arlen.
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.
| |
NTN Buzztime,
Inc.
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Date: February
9, 2009
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By:
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/s/
Kendra Berger |
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Kendra Berger, Chief
Financial Officer and Secretary |
EXHIBIT
INDEX
| Exhibit
No. |
Document |
| |
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| 10.21 |
Separation Agreement
dated February 6, 2009 between NTN Buzztime, Inc. and Gary
Arlen. |