Selectica 8-K 2010
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 19, 2010
(Exact Name of Registrant as Specified in its Charter)
1740 Technology Drive, Suite 460
San Jose, CA 95110
(Addresses, including zip code, and telephone numbers, including area code, of principal executive offices)
(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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Amendment of Severance Agreement with Jason Stern
On January 19, 2010, Selectica, Inc. (the Company) amended the Severance Agreement between the Company and Jason Stern, the Companys President and Chief Operating Officer, previously described on the Companys Current Report on Form 8-K, filed September 4, 2009, to increase the severance benefits he is entitled under that agreement. The Severance Agreement now provides for the continuation of Mr. Sterns base salary and health insurance coverage for six months if he is discharged for reason other than cause or permanent disability at any time. However, Mr. Stern is entitled to one year of base salary and health insurance coverage if he is discharged for a reason other than cause or permanent disability or if he resigns for good reason, in either case within 12 months after the Company is subject to a change in control. The remaining elements of the Severance Agreement remain the same.
Amendment of Severance Agreement with Todd Spartz
On January 19, 2010, the Company amended the Severance Agreement between it and Todd Spartz, the Companys Chief Financial Officer, previously reported on the Companys Current Report on Form 8-K, filed August 24, 2009, in an identical manner as described above for Mr. Stern.
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.