SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 10, 2013
(Exact name of registrant as specified in its charter)
17800 North Perimeter Dr., Suite 200,
Scottsdale, Arizona 85255
(Address of principal executive offices, including zip code)
(Registrants 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 filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Seth Egorin, Vice President of Marketing and Strategic Planning of iGo, Inc. (the Company), departed from his position with the Company on January 15, 2013, as agreed between the Company and Mr. Egorin on January 10, 2013. In connection therewith, the Company and Mr. Egorin have entered into a Separation Agreement and General Release effective as of January 15, 2013 (the Separation Agreement).
The Separation Agreement memorializes the terms of certain payments and other benefits to be provided to Mr. Egorin in connection with his departure, including a lump-sum payment equivalent to six months salary and payment of continuing health insurance benefits for a period of six months. The Separation Agreement also provides for Mr. Egorins release of the Company from all claims.
In addition, Mr. Egorin will receive a payment for accrued but unused vacation time and vesting of a pro-rata number of restricted stock units that were previously granted but unvested as of his date of separation.
The foregoing description of the Separation Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the form of Separation Agreement, which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.
The Amended and Restated Employment Agreement between the Company and Mr. Egorin was previously filed as Exhibit 10.1 to the Companys Current Report on Form 8-K filed on April 10, 2012.
Item 9.01. Financial Statements and Exhibits.
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.