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):
TABLE OF CONTENTS
Item 8.01. Other Events.
In order to address the approaching expiration of 75,000 of his stock options in July 2006, Carl J. Johnson, President and Chief Executive Officer of Matrixx Initiatives, Inc. (Matrixx), entered into a Rule 10b5-1 Sales Plan on August 22, 2005 with Smith Barney, a division of Citigroup Global Markets, Inc. Under the terms of the Sales Plan, during each calendar month between September 1, 2005 and June 30, 2006, Mr. Johnson will exercise up to 5,500 options and sell all shares of Matrixx common stock issued upon such exercise to pay for the cost of such exercise and applicable taxes, and to accumulate funds to pay for the exercise of the remaining 20,000 options. Mr. Johnson intends to hold the shares of Matrixx common stock issued upon exercise of the remaining 20,000 options, resulting in a net increase in his holdings of Matrixx common stock.
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: August 22, 2005