OptionsXpress Holdings 8-K 2010
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 22, 2010
optionsXpress Holdings, Inc.
(Exact name of registrant as specified in its charter)
Registrants telephone number, including area code: (312) 630-3300
(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:
Item 2.02 Results of Operations and Financial Condition.
On January 28, 2010, the Registrant released its financial results for the quarter and year ended December 31, 2009. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 22, 2010, the Company entered into a separation agreement with Paul Eppen, Executive Vice President, Chief Marketing Officer of optionsXpress Holdings, Inc. (optionsXpress), effective January 22, 2010. This separation agreement provides for:
The separation agreement contains a one-year non-competition and non-solicitation covenant, as well as a customary confidentiality covenant.
Terms not defined herein shall have the meaning as set forth in the separation agreement. The summary above does not purport to be complete and is subject to and qualified in its entirety by reference to the full text of the separation agreement, which is filed as Exhibit 10.1 hereto and incorporated herein by this reference.
Item 9.01 Financial Statements and Exhibits.
10.1 Separation Agreement for Paul Eppen.
99.1 News Release issued by the Registrant on January 28, 2010.
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 thereunto duly authorized.