Matrixx Initiatives 8-K 2005
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
MATRIXX INITIATIVES, INC.
(Exact Name of Registrant as Specified in Its Charter)
(State or Other Jurisdiction of Incorporation)
(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):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
TABLE OF CONTENTS
Item 1.01. Entry into a Material Definitive Agreement
Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
Effective October 1, 2005, John M. Clayton has been elected to the Companys Board of Directors. The appointment increases the total number of directors on the Board from eight to nine. Mr. Clayton is an independent director who will serve on the Compensation Committee and the Corporate Governance and Nominating Committee.
Mr. Clayton will serve on the Board until the next annual meeting of shareholders at which time he is expected to be nominated for a three year term.
In connection with Mr. Claytons appointment as a director, effective October 1, 2005, the Compensation Committee of the Board of Directors granted Mr. Clayton 3,500 shares of restricted stock, 50% of which will vest on the first anniversary of Mr. Claytons election to the Board of Directors and 50% of which will vest on the second anniversary.
A copy of the press release issued on October 3, 2005 announcing Mr. Claytons appointment is attached to this Report as Exhibit 99.1 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: October 3, 2005