Attached files
| file | filename |
|---|---|
| EX-10.1 - ARBINET Corp | v207271_ex10-1.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): December 30, 2010
ARBINET
CORPORATION
(Exact
Name of Registrant as Specified in Charter)
|
Delaware
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0-51063
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13-3930916
|
||
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(State
or Other Jurisdiction
of
Incorporation)
|
(Commission
File
Number)
|
(IRS
Employer
Identification
No.)
|
||
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460
Herndon Parkway, Suite 150
Herndon, Virginia 20170
|
20170
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|||
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(Address
of Principal Executive
Offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code: 703-456-4100
Not
Applicable
(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:
|
¨
|
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))
|
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¨
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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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(e) Second Amendment to
Employment Agreement with Gary G. Brandt
On
December 30, 2010, Arbinet Corporation (“Arbinet”) entered into the Second
Amendment (the “Brandt Amendment”) to the Employment Agreement, as amended (the
“Employment Agreement”), between Arbinet and Gary G. Brandt, Arbinet’s Chief
Financial Officer. The Employment Agreement provided, among other things,
that until the earlier of January 1, 2011 or Mr. Brandt’s relocation to the
Herndon, Virginia area, Mr. Brandt was entitled to reimbursement by the Company
for up to $5,500 per month of his reasonable and documented out-of-pocket
expenses incurred for living expenses in the Herndon, Virginia area and travel
to and from his residence in Connecticut. Among other provisions of
the Employment Agreement being amended by the Brandt Amendment, the Brandt
Amendment has amended the foregoing provisions to provide that until the
earliest of (i) Mr. Brandt’s termination of employment with Arbinet or its
successor (as the case may be), (ii) May 31, 2011, or (iii) Mr. Brandt’s
relocation to the Herndon, Virginia area, Mr. Brandt is entitled to
reimbursement by the Company for up to $5,500 per month of his reasonable and
documented out-of-pocket expenses incurred for living expenses in the Herndon,
Virginia area and travel to and from his residence in Connecticut.
The
foregoing summary of the Brandt Amendment does not purport to be complete and is
qualified in its entirety by reference to the Brandt Amendment, a copy of which
is attached hereto as Exhibit 10.1 and incorporated by reference into this Item
5.02.
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Item 9.01
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Financial Statements and
Exhibits.
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(d) Exhibits
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Exhibit
Number
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Description
|
|
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10.1
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Second
Amendment, dated as of December 30, 2010, to the Employment Agreement by
and between Arbinet Corporation and Gary G.
Brandt.
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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.
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Arbinet
Corporation
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By:
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/s/ Christie A. Hill
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Name:
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Christie
A. Hill
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Title:
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General
Counsel, Secretary and Chief Human
Resources
Officer
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Date: January
5, 2011