Unassociated Document
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):
March
12, 2007
Inter
Parfums,
Inc.
(Exact
name of registrant as specified in its charter)
Delaware
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0-16469
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13-3275609
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(State
or other jurisdiction of incorporation
or organization)
|
Commission
File
Number
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(I.R.S.
Employer Identification
No.)
|
551
Fifth Avenue, New York, New York 10176
(Address
of Principal Executive Offices)
212.
983.2640
(Registrant's
Telephone number, including area code)
________________________________________________________________________________
(Former
name or former address, if changed since last report)
Check
the
appropriate box below if the Form 8-K is intended to simultaneously satisfy
the
filing obligations 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
2.02. Results of Operations and Financial Condition.
Certain
portions of our press release dated March 12, 2007, a copy of which is annexed
hereto as Exhibit no. 99.1, are incorporated by reference herein, and are filed
pursuant to this Item 2.02. They are as follows:
· The
1st
paragraph
relating to results of operations for the fourth quarter and the full fiscal
year ended December 31, 2006 and the 2nd
and
3rd
paragraphs
relating to results of operations for the fourth quarter of 2006
· Certain
portions of the 5th paragraph
relating to net sales and net income for the full fiscal year ended December
31,
2006
· The
7th paragraph
relating selling, general and administrative expenses for the full fiscal year
ended December 31, 2006
· Certain
portions of the 8th paragraph
relating balance sheet items as at December 31, 2006
· The
10th
paragraph relating to the conference call to be held on March 13,
2007
· The
consolidated statements of income and consolidated balance
sheets.
Item
5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On
7
March 2007 the Executive Compensation and Stock Option Committee took the
following actions:
· For
Mr.
Madar, the Chief Executive Officer, such committee maintained the same base
salary, $400,000, for 2007 as 2006, and authorized the same bonus compensation
plan for 2007 as in effect for 2006, based upon after tax profits of United
States operations (without regard to payment of the bonus to be awarded on
this
plan, if any)
· For
Mr.
Greenberg, the Chief Financial Officer, such committee increased his base salary
by $30,000 to $405,000 for 2007 and awarded a $30,000 cash bonus
· For
each
of Mr. Benacin, the President of Inter Parfums, S.A., Mr. Santi, the Chief
Financial Officer of Inter Parfums, S.A., and Mr. Garcia- Pelayo, the President
of the Luxury and Fashion division of Inter Parfums, S.A, such committee
increased their 2007 base salaries by 12,000 euros to 192,000 euros
· For
each
of Mr. Benacin, the President of Inter Parfums, S.A., Mr. Santi, the Chief
Financial Officer of Inter Parfums, S.A., and Mr. Garcia- Pelayo, such committee
authorized cash bonuses of 157,000 euros to each of such executive
officers
Item
7.01. Regulation FD Disclosure.
Certain
portions of our press release dated March 12, 2007, a copy of which is annexed
hereto as Exhibit no. 99.1, are incorporated by reference herein, and are filed
pursuant to this Item 7.01 and Regulation FD. They are as follows:
· The
4th
paragraph relating to product launches and roll-outs
· The
last
sentence of the 5th paragraph relating to 2007 guidance
· The
6th
paragraph relating to 2007 product launches and potential sales
growth
· The
last
sentence of the 8th paragraph relating to establishing distribution subsidiaries
and anticipated inventory requirements
· The
12th
paragraph relating to forward looking information.
· The
balance of such press release not otherwise incorporated by reference in Items
2.02, 5.02, 8.01 or 9.01.
Item
8.01. Other Events.
The
9th
paragraph of our press release dated March 12, 2007 relating to our cash
dividend is incorporated by reference herein.
Item
9.01 Financial Statements and Exhibits.
99.1
Our
press release dated March 12, 2007.
SIGNATURES
Pursuant
to the requirements of the Securities and Exchange Act of 1934, the Registrant
has duly caused and authorized this report to be signed on its behalf by the
undersigned.
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Inter
Parfums,
Inc. |
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Dated:
March 12, 2007 |
By: |
/s/
Russell
Greenberg
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Russell Greenberg, Executive
Vice President |
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