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): August 26, 2014
IDLE MEDIA, INC.
(Exact name of registrant as specified in its charter)
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Nevada |
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000-54736 |
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26-2818699 | ||
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(State or other jurisdiction of incorporation) |
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(Commission File Number) |
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(I.R.S. Employer Identification No.) | ||
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216 S. Centre Avenue Leesport, PA |
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19533 | |||
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(Address of principal executive offices) |
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(Zip Code) | ||
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(Registrant’s telephone | ||||||
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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:
☐ 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))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On August 14, 2014 the Employment Agreement between Idle Media, Inc. (the “Company”) and Raphael P. Haddock dated August 14, 2012 (the “Agreement”) terminated pursuant to the terms of said Agreement. Mr. Haddock was formerly the Chief Operating Officer, Chief Financial Officer and a Director of the Company. On August 14, 2014 Mr. Haddock also vacated his seat on the Company’s Board of Directors pursuant to the terms of the Agreement. Mr. Frasier is currently the sole member of the Company’s Board of Directors.
The Company has determined that it will not immediately hire a Chief Operating Officer or Chief Financial Officer to replace Mr. Haddock, although it may determine to fill such positions in the future. Craig DeFranco, the Company’s Controller, will continue to oversee the Company’s financial and accounting functions.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibits
None
SIGNATURES
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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IDLE MEDIA, INC. |
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Date: August 26, 2014 |
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/s/ Marcus Frasier |
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Name: Marcus Frasier |
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Title: Chief Executive Officer |
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