Attached files
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EX-10.1 - Enable Holdings, Inc. | v174177_ex10-1.htm |
EX-99.1 - Enable Holdings, Inc. | v174177_ex99-1.htm |
EX-99.2 - Enable Holdings, Inc. | v174177_ex99-2.htm |
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 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 8,
2010
Enable
Holdings, Inc.
(Exact
name of registrant as specified in its charter)
Delaware
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(State
or Other Jurisdiction of Incorporation)
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000-50995
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52-2372260
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(Commission
File Number)
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(IRS
Employer
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Identification
No.)
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1140
W. Thorndale Avenue
Itasca,
Illinois 60143-1335
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(Address
of Principal Executive Offices) (Zip Code)
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(773)
272-5000
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(Registrant’s
telephone number, including area code)
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Not
Applicable
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(Former
Name or Former Address, if changed since last
report)
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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
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
(17
CFR 240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
(17
CFR 240.13e-4(c))
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Item
5.02
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Departure
of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain
Officers.
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Appointment
of Chief Executive Officer
On February 8, 2010, the Board of
Directors of Enable Holdings, Inc. (the “Company”) appointed Patrick L. Neville
as the Company’s Chief Executive Officer, effective March 1,
2010. Mr. Neville will also join the Company’s Board of
Directors. Mr. Neville will replace Timothy E. Takesue, who had been
serving as the Company’s Interim Chief Executive Officer. Mr. Takesue
will resume his position of Executive Vice President of Account Management of
the Company.
Mr. Neville is a proven leader who has
developed, re-engineered and rolled out many successful business concepts, and
is particularly skilled in developing and translating conceptual models with
hands-on involvement. From 1997 to 2008, Mr. Neville was
President, Chief Executive Officer and Vice Chairman of Beautyfirst/Purebeauty
of Wichita, Kansas. At Beautyfirst/Purebeauty, Mr. Neville
spear-headed strategic planning and had management responsibility for
approximately 2,200 employees, operating more than 120 stores, across the United
States, with annual sales exceeding $120,000,000. He successfully
oversaw the sale of tBeautyfirst/Purebeauty. Since 2008, Mr. Neville
has been the President and Chief Executive Officer of Paradigm Advisory Group
LLC in Wichita, Kansas. Paradigm provides advisory services with
emphasis on crisis management, executive office coaching and restructurings to
E-commerce, wholesale, retail and manufacturing companies ranging from start-ups
to those with revenues exceeding $500,000,000.
Mr. Neville has also served as a member
of the Board of Directors, speaker and consultant to the Chicago Apparel Center,
Men’s Retail Association, National Retail Federation, L.B.A. National Buying
Group, and he is currently serving on the Board of Directors of the
International Salon Spa Business Network.
Mr. Neville signed an Agreement with
the Company which is attached hereto as Exhibit 10.1.
The Company issued a press release
relating to the appointment of Mr. Miller which is attached hereto as Exhibit
99.1 and is incorporated herein by reference.
Appointment
of Two New Directors
On February 8, 2010, the Company’s
Board of Directors appointed two new directors, Don Miller and Jeffry Parell to
serve on the Board of Directors.
Mr. Miller has been on the Board of
Directors of Multiband Corporation since September 2001 and was elected Chairman
of the Board in April 2002. Mr. Miller is also a member of
Multiband’s Audit and Compensation Committees. Mr. Miller worked for
The Schwan Food Company from 1962 to 2007 where he was a former Vice President
and Chief Financial Officer. Mr. Miller was appointed to
the Board of Directors of The Schwan Food Company on January 1, 2008 and also
the Chairman of its Finance Committee and a member of the Audit and Risk
Committees. Mr. Miller is also on the Board of Directors of
FoodShacks, Inc. and Webdigs, Inc. and on their Audit Committee.
The Board of Directors also appointed
Mr. Miller to serve on the Company’s Audit and Compensation
Committees.
Mr. Parell currently serves as the
Executive Vice President and Chief Operations Officers of Vanguard Rental Car,
the parent company of National Car Company and Alamo Rent a Car. From
2003 until 2009, Mr. Parell served various roles at National Car Company and
Alamo Rent a Car. From 2000 until 2003, Mr. Parell served as the
President and Chief Executive Officer of Velocity Express and from 2001 until
2003, he also served as the Chief Executive Officer of its parent company,
United Shipping & Technology, Inc. Mr. Parell currently serves on
the Board of the TreeHouse organization.
The Board also appointed Mr. Parell to
serve on the Company’s Compensation and Nominating Committees.
The Company issued a press release
relating to the appointment of Messrs. Miller and Parell which is attached
hereto as Exhibit 99.2 and is incorporated herein by reference.
SIGNATURE
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.
Dated: February
10, 2010
ENABLE
HOLDINGS, INC.
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By
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/s/ Miguel A. Martinez, Jr.
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Miguel
A. Martinez, Jr.
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Chief
Financial Officer
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