form8k.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
__________________
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date of
Report: April 11, 2008
(Date of
earliest event reported)
STEVEN
MADDEN, LTD.
(Exact
Name of Registrant as Specified in Charter)
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Delaware
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000-23702
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13-3588231
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(State
or Other Jurisdiction
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(Commission
File No.)
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(IRS
Employer
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of
Incorporation)
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Identification
Number)
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52-16 Barnett Avenue, Long
Island City, New York 11104
(Address
of Principal Executive
Offices) (Zip
Code)
Registrant's
telephone number, including area code: (718)
446-1800
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):
G Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
G Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
G
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17CFR 240.14d-2(b))
G
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
Item
1.01. Entry
into a Material Definitive Agreement
Reference is made to Item 5.02 below
which is hereby incorporated herein.
Item
5.02. Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
Pursuant to the terms and conditions
of a Termination Agreement, dated April 11, 2008 (the “Termination Agreement”),
Jeffrey Silverman resigned from his position as President of Steven Madden, Ltd.
(the “Company”) effective as of April 4, 2008. Pursuant to the
Termination Agreement, (i) the Company has agreed to accelerate the $600,000
payment due to Mr. Silverman on June 30, 2008, pursuant to the terms and
conditions of that certain Settlement and Release Agreement, dated as of
December 21, 2007 (see Exhibit 10.1 to the Company’s Form 8-K dated December 21,
2007), to April 19, 2008, and (ii) the Company and Mr. Silverman agreed to
release each other from claims which may arise from events occurring prior to
the date of the Termination Agreement. In addition, the Company has
retained Mr. Silverman to act as a consultant to the Company in connection with
the Company’s on-line and internet business operations for the period beginning
April 19, 2008 and ending June 30, 2008. In consideration of such
services, Mr. Silverman is entitled to receive $140,769.23.
The
foregoing description of the Termination Agreement does not purport to be
complete and is qualified in its entirety by reference to the full text of the
Termination Agreement filed as Exhibit 10.1 to this Current Report on Form 8-K,
which is incorporated by reference herein.
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Item
9.01
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Financial
Statements and Exhibits.
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10.1
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Termination
Agreement, dated April 11, 2008, between Steven Madden, Ltd. and Jeffrey
Silverman.
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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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STEVEN
MADDEN, LTD. |
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Date:
April
15, 2008
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By:
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/s/ Edward
R. Rosenfeld |
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Edward
R. Rosenfeld |
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Chief
Executive Officer |
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