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 (Date of earliest event reported): May 13, 2008
LiveDeal,
Inc.
(Exact
Name of Registrant as Specified in Charter)
Nevada
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000-24217
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85-0206668
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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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2490 East Sunset Road, Suite 100, Las Vegas,
Nevada
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89120
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(Address
of Principal Executive Offices)
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(Zip
code)
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(702)
654-9646
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(Registrant’s
telephone number, including area code)
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Not
Applicable
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(Former
Name or Former Address, if Changed Since Last Report)
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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):
o
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Written communications pursuant
to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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o
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Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
5.02.
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Departure
of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain
Officers.
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On May 13, 2008, Rajesh Navar resigned
as President of LiveDeal, Inc. (the “Company”) citing his desire to spend more
time with his family in India. Mr. Navar will remain a member of the
Company’s board of directors (the “Board”).
Because he will no longer be an
employee of or receive employment-related compensation from the Company, Mr.
Navar’s employment agreement was terminated on and as of May 13,
2008. Other than amounts owed to Mr. Navar through such date and
COBRA benefits, Mr. Navar will not receive any severance payments or other
compensation from the Company in connection with his resignation as
President.
Also on May 13, 2008, the Board
appointed John Raven, 43, as President of the Company. Mr. Raven’s
appointment became effective immediately. He also continues to serve
as Chief Operating Officer of the Company. There were no changes to
Mr. Raven’s employment agreement or compensation package in connection with his
appointment as President.
Mr. Raven has served as the Company’s
Chief Operating Officer since July 2005. He has more than 11 years of
experience in the technology arena and 16 years of overall leadership experience
working with companies such as Perot Systems (PER), where he worked in 2003 and
managed 640 staff members, Read-Rite Corp (RDRT), where he worked from 2000 to
2003, and as Cap Gemini Ernst & Young (CAPMF), where he worked from 2000 to
2002. Mr. Raven also served as Director of Information Technology at
Viacom’s ENG Network division, where he worked from 1996 to 1999. Mr.
Raven has experience in software engineering, data and process architecture,
systems development, and database management systems. At NASA’s Jet
Propulsion Laboratory, where he worked from 1993 to 1996, Mr. Raven was a team
member and information systems engineer for the historic 1997 mission to Mars
conducted with the Pathfinder space vehicle and the Sojourner surface
rover. Mr. Raven received a Bachelor of Science in Computer Science
from the California Institute of Technology in 1991. His
certifications include Cisco Internetwork Engineer, Project Management from the
Project Management Institute, Certified Project Manager from Perot Management
Methodology Institute, Microsoft Certified System Engineer, and Certified Novel
Engineer.
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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LIVEDEAL,
INC.
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Date:
May 19, 2008
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/s/ Gary L. Perschbacher
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Gary L.
Perschbacher |
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Chief Financial
Officer
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