form8k.htm
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): December 8, 2008
Playboy
Enterprises, Inc.
_______________________________________________
(Exact
name of registrant as specified in its charter)
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Delaware
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001-14790
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36-4249478
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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680 North
Lake Shore Drive, Chicago, Illinois 60611
__________________________________________
(Address
of principal executive offices) (Zip Code)
Registrant’s
telephone number, including area code: (312) 751-8000
Not
applicable.
_____________________________________________________
(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))
Section
5—Corporate Governance and Management
| Item
5.02. |
Departure
of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain
Officers.
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On December 8, 2008, Playboy
Enterprises, Inc. (the “Company”) announced that Christie Hefner has tendered
her resignation as the Company’s Chairman and, effective January 31, 2009, as
Chief Executive Officer. Ms. Hefner will remain on the Company’s
board of directors until a new CEO joins the Company. The Company
announced that the board of directors will begin looking for a replacement
immediately, and that it has appointed Jerome H. Kern, a long-time director of
the Company and an experienced media executive, to serve as interim
non-executive chairman.
Mr. Kern, 71, has served as a director
of the Company since 2002. He has been a partner in Enki Strategic Advisors,
consultants to the broadband industry, since 2007 and the President of Kern
Consulting, LLC since 2001. Prior to that, Mr. Kern was Chairman and Chief
Executive Officer of On Command Corporation. Prior to his position at On
Command, he served as Vice Chairman and a member of the Board of Directors of
Tele-Communications, Inc. (“TCI”). For more than 20 years, Mr. Kern was the
principal outside legal counsel to TCI and Liberty Media Corporation, including
from 1992 to 1998, when he served as senior partner of Baker & Botts,
L.L.P.
The terms of Ms. Hefner’s and Mr.
Kern’s compensation arrangements have not been determined by the board of
directors of the Company and will be disclosed in a Current Report on Form 8-K
after the terms are determined.
| Item
7.01. |
Regulation
FD Disclosure.
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|
On December 8, 2008, the Company issued
a press release regarding Ms. Hefner’s resignation and Mr. Kern’s interim
appointment. A copy of the press release is filed as an exhibit to this Current
Report on Form 8-K and is incorporated by reference into this Item
7.01.
Section
9—Financial Statements and Exhibits
| Item
9.01. |
Financial
Statements and Exhibits.
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(d) Exhibits
99.1 Press
Release issued by Playboy Enterprises, Inc. on December 8, 2008
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.
| Date: December 8, 2008 |
PLAYBOY
ENTERPRISES, INC.
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By: |
/s/
Linda G. Havard |
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Linda
G. Havard |
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Executive
Vice President and |
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Chief
Financial Officer |
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Exhibit
Number Description
99.1 Press
Release issued by Playboy Enterprises, Inc. on December 8, 2008