Unassociated Document
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date
of report (Date of earliest event reported): August 31, 2009
BLUEFLY,
INC.
(Exact
name of registrant as specified in its charter)
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Delaware
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001-14498
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13-3612110
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(State
or other jurisdiction
of
incorporation)
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(Commission
file
number)
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(I.R.S.
Employer
Identification
No.)
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42
West 39th
Street, New York, New York
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10018
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
Telephone Number, Including Area Code:
(212) 944-8000
N/A
(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:
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
ITEM
5.02. DEPARTURE OF DIRECTORS CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN PRINCIPAL OFFICERS.
On August
31, 2009, the Company entered into an Employment Agreement with Bradford Matson
(the “Employment Agreement”), pursuant to which Mr. Matson will be re-joining
the Company as Chief Marketing Officer. Mr. Matson previously served as the
Company’s Chief Marketing Officer from September 2005 to January
2009. Pursuant to the terms of the Employment Agreement, the
Company has retained the services of Mr. Matson as the Chief Marketing Officer
of the Company for a term of approximately 3 years and has agreed to pay him a
base salary of $350,000 per year (subject to discretionary annual
increases). In addition, pursuant to the terms of the Employment
Agreement, Mr. Matson was issued options to purchase 10,000 shares of the
Company’s Common Stock (the “Options”) under the Company’s 2005 Stock Incentive
Plan, which vest in 36 equal monthly installments.
The
Employment Agreement provides that, if Mr. Matson is terminated without cause or
constructively terminated, he shall be entitled to severance payments equal to
his then-current base salary for a period of 180 days.
The
foregoing description of the Employment Agreement is not intended to be complete
and is qualified in its entirety by the complete text of the Employment
Agreement, which is filed as Exhibit 10.1 hereto and is incorporated herein by
reference.
ITEM
9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
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Exhibit
No.
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Description
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10.1
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Employment
Agreement, dated as of August 31, 2009, by and between the Company and
Bradford Matson.
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SIGNATURES
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.
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BLUEFLY,
INC.
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Date:
September
2, 2009
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By:
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/s/ Kara
B. Jenny |
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Name:
Kara
B. Jenny |
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Title:
Chief Financial Officer |
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