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
March 13, 2006
Date of Report (Date of earliest event reported)
iPARTY CORP.
(Exact name of registrant as specified in its charter)
Delaware 000-25507 76-0547750
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
270 Bridge Street, Suite 301, Dedham, Massachusetts 02026
(Address of principal executive offices) (Zip Code)
(781) 329-3952
(Registrant's telephone number, including area code)
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 (see General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| 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 or Principal Officers; Election of
Directors; Appointment of Principal Officers
(a) On March 13, 2006, the members of the Board of Directors of
iParty Corp. (the "Company") received a letter of resignation via email from
Lorenzo Roccia. The resignation letter states that Mr. Roccia resigned his
position as a director of the Company based on his disagreements with management
and other members of the Company's Board of Directors regarding certain aspects
of the Company's operational direction and performance. Mr. Roccia's letter sets
forth more completely his reasons for resigning as a director. Per Mr. Roccia's
request and the requirements of Item 5.02(a)(2) of Form 8-K, a copy of his
resignation letter is attached hereto as Exhibit 99.1.
Mr. Roccia did not serve on any committee of the Board of Directors at
the time of his resignation and was not deemed one of the Company's
"independent" directors under applicable independence standards of the SEC or
American Stock Exchange.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Resignation Letter from Lorenzo Roccia to the Company's Board of
Directors, dated March 13, 2006.
SIGNATURE
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.
iPARTY CORP.
By: /s/ SAL PERISANO
-------------------------
Sal Perisano
Chairman of the Board and
Chief Executive Officer
Dated: March 16, 2006
EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
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99.1 Resignation Letter from Lorenzo Roccia to the Company's Board of
Directors, dated March 13, 2006.