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): May 1, 2013
Spark Networks, Inc.
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
001-32750 | 20-8901733 | |
(Commission File Number) | (IRS Employer Identification No.) | |
8383 Wilshire Boulevard, Suite 800, Beverly Hills, California | 90211 | |
(Address of Principal Executive Offices) | (Zip Code) |
(323) 658-3000
(Registrants Telephone Number, Including Area Code)
(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 (see General Instruction A.2. below):
¨ | 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 8.01. | Other Information |
This Current Report is being filed by Spark Networks, Inc. (the Company) to provide the correct number of shares available for future issuance under the Companys 2007 Omnibus Incentive Plan as reported in the Companys proxy statement, filed with the Securities and Exchange Commission on April 2, 2013.
Securities Authorized for Issuance under Equity Compensation Plans
The following table provides information as of December 31, 2012 regarding compensation plans, including any individual compensation arrangements, under which equity securities of the Company are authorized for issuance. In connection with the effect of the July 2007 Scheme of Arrangement, the Company assumed all outstanding options of its predecessor, Spark Networks plc, under its 2004 Share Option Scheme. Of the shares reported below to be issued upon exercise of outstanding options, 102,500 were granted under the 2004 Share Option Scheme. The remainder of shares to be issued upon exercise of outstanding options and number of securities available for future issuance are under the Companys 2007 Omnibus Incentive Plan.
Plan Category |
Number of Securities to be issued upon exercise of outstanding options, warrants and rights |
Weighted- average exercise of price of outstanding options, warrants and rights |
Number of securities remaining available for future issuance under equity compensation plans |
|||||||||
Equity compensation plans approved by security holders |
3,828,273 | $ | 3.88 | 1,967,931 | (1) | |||||||
Equity compensation plans not approved by security holders |
| | ||||||||||
Total |
3,828,273 | $ | 3.88 | 1,967,931 | (1) |
(1) | In July 2007, the Company adopted the 2007 Omnibus Incentive Plan (the 2007 Plan). As of December 31, 2012, the 2007 Plan had 5,693,704 shares authorized for issuance. On January 1, 2013, the number of shares reserved and available for issuance increased by an additional 837,814 shares as a result of the evergreen provision. As of April 1, 2013, the 2007 Plan had 6,479,393 shares authorized for issuance of which 3,758,805 options were issued and outstanding. Pursuant to the evergreen provision, on the first day of each of the Companys fiscal years beginning in calendar year 2009, the number of shares reserved and available for issuance will be increased by an amount equal to the lesser of (i) 2,000,000 shares, (ii) four percent (4%) of the number of outstanding shares of Company common stock on the last day of the immediately preceding fiscal year or (iii) an amount determined by the Board of Directors. |
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.
SPARK NETWORKS, INC. | ||||
Date: May 1, 2013 | ||||
By: | /s/ Joshua Kreinberg | |||
Name: | Joshua Kreinberg | |||
Title: | General Counsel |