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EX-99.1 - Debut Broadcasting Corporation, Inc. | v172869_ex99-1.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 1, 2010 (January 26,
2010)
Debut
Broadcasting
(Exact
name of registrant as specified in its charter)
Nevada
|
000-50762
|
88-0417389
|
||
(State
or other jurisdiction of
incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
1025
16th
Ave South, Nashville, Tennessee
|
37212
|
|
(Address
of principal executive offices)
|
(Zip
Code)
|
Registrant’s
telephone number, including area code: (615) 886-0530
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:
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
January 26, 2010 Steven Ludwig resigned as the Chief Executive Officer of Debut
Broadcasting Corporation, Inc. (the “Company”). Mr. Ludwig left the Company to
pursue other interests, which would preclude him from fulfilling the role and
duties of Chief Executive Officer. Mr. Ludwig resigned his position of
Chief Executive Officer voluntarily.
On
February 1, 2010 Robert Marquitz resigned as the Chairman of the Board of
Directors of Debut Broadcasting Corporation. Mr. Marquitz will
continue to serve as a Director of the Company. Mr. Marquitz resigned
from his position as Chairman voluntarily in order to dedicate additional time
and attention to the operations of Debut Broadcasting. Mr. Marquitz
has been appointed interim Secretary of the Debut Broadcasting Board of
Directors. Mr. Marquitz’ decision to resign was not the result of any
disagreement or dispute with the management or Board of Directors of the
Company.
On
February 1, 2010, the Company appointed Ronald E. Heineman to serve as its Chief
Executive Officer and Chairman of the board of directors. Mr.
Heineman, was formerly the CEO of Resolve Incorporated, ELS Inc and
General Employment Enterprises which are publically held
companies. Mr. Heineman is currently Managing Director of the
Investment Fund, Riverfalls Financial Services, and has served on the board of
directors with Debut Broadcasting and other public companies. In addition, he
has served as Chief Restructuring Officer (CRO) and CEO of several of RiverFalls
portfolio Companies. Mr Heineman has Bachelors and Masters degrees.
Mr.
Heineman participates in the Company’s 2007 Stock Incentive Plan, as
amended.
Item 7.01. Regulation FD
Disclosure.
On
February 1, 2010, the Company issued a press release announcing the resignation
of Mr. Ludwig and the appointment of Mr. Heineman as the
Company’s principal executive officer. A copy of the press release is furnished
as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated
herein by reference in its entirety.
Item
9.01 Financial Statements and
Exhibits
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(a)
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Not
applicable.
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(b)
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Not
applicable.
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(c)
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Not
applicable.
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(d)
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Exhibits.
|
Exhibit
99.1 Press release of Debut Broadcasting Corporation, Inc.,
dated February 1, 2010.
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.
DEBUT BROADCASTING CORPORATION, INC. | |||
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By:
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/s/
Sariah Hopkins
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Sariah
Hopkins
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|||
Chief Financial Officer | |||
Date: February 1, 2010 |
EXHIBIT
INDEX
Exhibit Number
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Description
|
|
99.1
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Press
release of Debut Broadcasting Corporation, Inc., dated February 1,
2010
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