Attached files
file | filename |
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EX-99.1 - EMPLOYMENT AGREEMENT - GEARY COTTON - Celsius Holdings, Inc. | f8k020910ex99i_celsius.htm |
EX-99.2 - SEPARATION AGREEMENT - JAN NORELID - Celsius Holdings, Inc. | f8k020910ex99ii_celsius.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
February 9,
2010
Date of
Report (Date of earliest event reported)
CELSIUS HOLDINGS,
INC.
(Exact
name of registrant as specified in its charter)
NEVADA
|
333-129847
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20-2745790
|
||
(State
or other jurisdiction of
|
(Commission
File
|
(IRS
Employer Identification
|
||
incorporation)
|
Number)
|
No.)
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140
NE 4th Avenue, Suite C, Delray Beach, FL
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33483
|
|
(Zip
Code)
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(561)
276-2239
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 is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following
provisions:
¨
|
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))
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Item 1.01
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Entry
into a Material Definitive
Agreement
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On
February 9, 2010, Celsius Holdings, Inc. executed an employment agreement with
Geary W. Cotton (the “Employment Agreement”). The effective date of
Mr. Cotton’s employment pursuant to the Agreement was January 20,
2010.
The
foregoing description of the Employment Agreement is qualified in its entirety
by reference to the full text of the Employment Agreement, a copy of which is
attached hereto as Exhibit 99.1.
On
February 9, 2010, the Company executed a Separation Agreement with Mr. Norelid
effective as of January 20, 2010. Pursuant to the Separation
Agreement the Company and Mr. Norelid’s agreed to terminate his employment
agreement as of a mutually agreeable date. In addition, Mr. Norelid
will receive approximately $344,000 in severance payable under the terms of his
former employment agreement.
The
foregoing description of the terms of Mr. Norelid’s Separation Agreement is
qualified in its entirety by reference to the full text of the Separation
Agreement, a copy of which is attached hereto as Exhibit 99.2.
Item 5.02
|
Departure
of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain
Officers.
|
As
previously disclosed by the Company in current report on Form 8-K filed on
January 22, 2010, Mr. Geary W. Cotton joined the Company as its Chief Financial
Officer effective January 20, 2010. Contemporaneously with Mr. Cotton’s
appointment, Jan Norelid, who had served as our Chief Financial Officer and a
director since January 2007, stepped down from those positions.
Item 9.01
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Exhibits
|
99.1
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Employment
Agreement - Geary Cotton
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99.2
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Separation
Agreement - Jan Norelid
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SIGNATURES
Pursuant
to the requirements of the Act of 1934, the registrant has duly caused this
report to be signed on its behalf by the undersigned hereunto duly
authorized.
CELSIUS
HOLDINGS, INC.
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DATE:
February 10, 2010
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By:/s/Geary W.
Cotton
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Geary
W. Cotton
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Chief
Financial Officer
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