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Share Name | Share Symbol | Market | Type |
---|---|---|---|
FX Real Est And Ent (MM) | NASDAQ:FXRE | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.09 | 0 | 01:00:00 |
Delaware | 001-33902 | 36-4612924 | ||
(State or other jurisdiction | (Commission | (I.R.S. Employer | ||
of incorporation) | File Number) | Identification No.) | ||
650 Madison Avenue | 10022 | |||
New York, New York | (Zip Code) | |||
(Address of principal | ||||
executive offices) |
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)) |
| a contingent severance payment in an amount equal to 2% of any future net proceeds or fees received by the Company and/or the Companys subsidiary FX Luxury, LLC ( FX Luxury ) from the sale and/or development of the Las Vegas properties owned by the Companys Las Vegas subsidiaries, up to a maximum of $600,000, provided that such 2% may be increased (but not the maximum amount of $600,000) in the event the Company enters into an equivalent severance arrangement with either its President or Executive Vice President, both of whom are still employed by the Company, that provides for a percentage greater than 2%; | ||
| COBRA health insurance for a period of three calendar months after the Effective Date to continue the same health insurance benefits that he and his covered dependents enjoy on the Effective Date; | ||
| continued coverage under the Companys directors and officers liability insurance policy in effect on the Effective Date until such policy ceases to be in effect; | ||
| a grant on the Effective Date of immediately exercisable incentive stock options to purchase up to 1,000,000 shares of the Companys common stock at an exercise price equal to the fair market value, as determined under the Companys |
| the retention of previously granted and vested stock options to purchase up to 750,000 shares of the Companys common stock at an exercise price of $10.00 per share. |
| a contingent severance payment in an amount equal to 2% of any future net proceeds or fees received by the Company and/or FX Luxury from the sale and/or development of the Las Vegas properties owned by the Companys Las Vegas subsidiaries, up to a maximum of $84,375, provided that such 2% may be increased (but not the maximum amount of $84,375) in the event the Company enters into an equivalent severance arrangement with either its President or Executive Vice President, both of whom are still employed by the Company, that provides for a percentage greater than 2%; | ||
| COBRA health insurance for a period of three calendar months after the Effective Date to continue the same health insurance benefits that he and his covered dependents enjoy on the Effective Date; | ||
| continued coverage under the Companys directors and officers liability insurance policy in effect on the Effective Date until such policy ceases to be in effect; and | ||
| the retention of previously granted and vested stock options to purchase up to 80,000 shares of the Companys common stock at an exercise price of $20.00 per share. |
Exhibit No. | Description | |
|
||
10.1
|
Employment Separation Agreement and Release entered into April 30, 2009 by and between FX Real Estate and Entertainment Inc. and Barry A. Shier | |
|
||
10.2
|
Employment Separation Agreement and Release entered into April 30, 2009 by and between FX Real Estate and Entertainment Inc. and Brett Torino |
FX REAL ESTATE AND ENTERTAINMENT INC. |
||||
By: | /s/ Mitchell J. Nelson | |||
Name: | Mitchell J. Nelson | |||
Title: | Executive Vice President, General Counsel and Secretary | |||
Exhibit No. | Description | |
|
||
10.1
|
Employment Separation Agreement and Release entered into April 30, 2009 by and between FX Real Estate and Entertainment Inc. and Barry A. Shier | |
|
||
10.2
|
Employment Separation Agreement and Release entered into April 30, 2009 by and between FX Real Estate and Entertainment Inc. and Brett Torino |
1 Year FX Real Est And Ent (MM) Chart |
1 Month FX Real Est And Ent (MM) Chart |
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