UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
Current
Report Pursuant to Section 13
of
the
Securities Exchange Act of 1934
Date
of
Report (Date Earliest Event reported) — August 24, 2007 (August
20, 2007)
MDC
PARTNERS INC.
(Exact
name of registrant as specified in its charter)
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Canada
(Jurisdiction
of Incorporation)
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001-13718
(Commission
File Number)
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98-0364441
(IRS
Employer Identification No.)
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45
Hazelton Ave., Toronto, Ontario, Canada M5R 2E3
(Address
of principal executive offices and zip code)
(416)
960-9000
(Registrant’s
Telephone Number)
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)
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⃞ |
Soliciting
material pursuant to Rule 14a−12 under the Exchange Act (17 CFR
240.14a−12)
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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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⃞
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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
1.01. Entry into a Material Definitive Agreement.
On
August
20, 2007, MDC Partners Inc. (the “Company”) entered into a new employment
agreement with Stephen Pustil. Mr.
Pustil will serve as Vice Chairman of the Company pursuant to his new employment
agreement,
for a
new term of employment through June 30, 2010. He will receive an annual base
salary of Cdn$250,000, and will be eligible
to receive an annual discretionary bonus in an amount up to 100% of his base
salary, to be determined in accordance with such criteria as are approved by
the
Human Resources & Compensation Committee of the Company’s Board of
Directors. In connection with this new employment agreement, the Company
terminated its existing
consulting agreement with Mr. Pustil.
Signatures
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed by the undersigned hereunto duly
authorized.
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Date:
August 24, 2007
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MDC
Partners Inc.
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By:
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/s/
Mitchell Gendel
Mitchell
Gendel
General
Counsel & Corporate Secretary
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