EVINE Live Inc. (NASDAQ:EVLV) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
On March 22, 2018, the Board of Directors (the “Board”) of EVINE Live Inc. (the “Company”) elected Alex Spiro to the Company’s Board for a term expiring at the Company’s Annual Meeting of Shareholders in 2018 (the “2018 Annual Meeting”). Mr. Spiro was elected to the Company’s cooperation agreement (the “Agreement”) with Clinton Group, Inc. dated March 19, 2018, which was previously described in a Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on March 19, 2018. Mr.Spiro has been appointed to serve on the Corporate Governance and Nominating Committee of the Board.
Mr. Spiro is currently a partner at the law firm of Quinn Emanuel Urquhart & Sullivan LLP, having served in that capacity since November 2017. Prior to that, Mr. Spiro was an attorney at Brafman& Associates in New York City since July 2013. From 2008 to July 2013, Mr. Spiro worked as a Manhattan prosecutor. Mr. Spiro is a graduate of the Harvard Law School where he is an adjunct faculty member.
For his service as a non-employee member of the Board, Mr. Spiro will participate in the non-employee director compensation arrangements in effect during his period of service. For his service on the Board up until the 2018 Annual Meeting, Mr. Spiro will receive a pro rata portion of the applicable cash compensation described in the Company’s proxy statement for its 2017Annual Meeting of Shareholders, which was filed with the SEC on May 4, 2017. On March 26, 2018, in connection with Mr. Spiro’s initial election to the Board, Mr. Spiro also received 14,930 restricted stock units under the Company’s 2011 Omnibus Incentive Plan (the “Plan”), which will vest in full on the date immediately preceding the date of the 2018 Annual Meeting and are subject to the terms and conditions set forth in the restricted stock unit award agreement approved for grants under the Plan and previously filed with the SEC. There are no related person transactions involving Mr. Spiro that are reportable under Item 404(a) of Regulation S-K.
A copy of the press release announcing Mr. Spiro’s appointment to the Board is furnished, but not filed, as Exhibit 99.1 hereto.
| Item 9.01 | Financial Statements and Exhibits. |
EXHIBIT INDEX
| Exhibit No. | Description |
| 99.1 | Press release dated March 27, 2018 |
EVINE Live Inc. ExhibitEX-99.1 2 tv489558_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Evine Names Alex Spiro as Director and Board Member MINNEAPOLIS,…To view the full exhibit click here
About EVINE Live Inc. (NASDAQ:EVLV)
EVINE Live Inc. is a digital commerce company. The Company operates through the digital commerce retailing segment. The Company offers a mix of brands directly to consumers in an engaging and informative shopping experience through television (TV), online and mobile devices. It operates an around the clock television shopping network, EVINE Live, which is distributed primarily on cable and satellite systems, through which the Company offers brand products in the categories of jewelry and watches, home and consumer electronics, beauty, and fashion and accessories. In addition, it offers a collection of men’s and women’s watches from classic to modern designs. It features home decor, bed and bath textiles, cookware, kitchen electrics, mattresses, tabletop accessories and home furnishings. Its beauty assortment features a range of skincare, cosmetics, hair care, and bath and body products. It also offers a range of apparel, outerwear, intimates, handbags, accessories and footwear.
