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 Officers
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b)       Departure of Executive Officer

On March 23, 2017, EVINE Live Inc. (the “Company”) eliminated the position of Senior Vice President of Sales & Product Planning & Programming and gave Jean-Guillaume Sabatier, who served in that position, notice that his employment is terminated effective April 1, 2017 (the “Termination Date”).

(e)       Compensatory Arrangement

Following the termination of his employment on the Termination Date, Mr. Sabatier will serve as a consultant to the Company for a period of three months. Mr. Sabatier will be available to the Company, as needed, for up to 40 hours per week to assist in ensuring a smooth transition. In consideration of his consulting services, Mr. Sabatier will receive a fee of $120,000, payable in three equal monthly installments of $40,000.

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.

EVINE Live Inc. (NASDAQ:EVLV) Recent Trading Information

EVINE Live Inc. (NASDAQ:EVLV) closed its last trading session down -0.01 at 1.36 with 142,610 shares trading hands.