form8k.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 19,
2010
ENTRAVISION
COMMUNICATIONS CORPORATION
(Exact
name of registrant as specified in its charter)
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Delaware
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1-15997
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95-4783236
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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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2425
Olympic Boulevard, Suite 6000 West
Santa
Monica, California 90404
(Address
of principal executive offices) (Zip Code)
(310)
447-3870
(Registrant’s
telephone number, including area code)
N/A
(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):
¨ 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
1.01 Entry into a Material Definitive Agreement
On
January 19, 2010, Entravision Communications Corporation (the “Company”)
entered into a new three-year employment agreement with Jeffery A. Liberman,
pursuant to which he will continue to serve as the president of the Company’s
radio division. For details regarding Mr. Liberman’s employment agreement,
please see Item 5.02 below.
Item
5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On
January 19, 2010, the Company entered into a new three-year employment
agreement with Jeffery A. Liberman, pursuant to which he will continue to serve
as the president of the Company’s radio division. This agreement,
effective as of January 1, 2010, replaces a similar agreement with
Mr. Liberman, which agreement was entered into effective as of
January 1, 2007.
The
agreement with Mr. Liberman provides for an initial base salary of $344,312
per year in the first year, which may be increased in the discretion of the
Compensation Committee of the Board of Directors in future years of the
agreement. In addition, Mr. Liberman is eligible to receive a discretionary
annual bonus of up to 50% of his then-current base salary. He is also eligible
for equity incentive grants under the Company’s equity incentive
plans.
If
Mr. Liberman’s employment is terminated by us without cause or by
Mr. Liberman for good reason (including a change of control of the
Company), he will be entitled to receive all accrued salary and benefits through
the date of termination, any discretionary bonus that is approved by the
Compensation Committee of the Board of Directors and a severance payment equal
to one year of his then-current base salary. If Mr. Liberman’s employment
is terminated by us for cause, he will only be entitled to receive accrued
salary and benefits through the date of termination and shall be ineligible for
any bonus.
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.
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ENTRAVISION COMMUNICATIONS
CORPORATION |
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Date:
January 22, 2010
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By:
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/s/ Walter
F. Ulloa |
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Name:
Walter F. Ulloa |
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Title:
Chairman and Chief Executive Officer |
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