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 12, 2009
(Exact
Name of Registrant as Specified in Its Charter)
(State or
Other Jurisdiction of Incorporation)
000-27707
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20-2783217
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(Commission
File Number)
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(IRS
Employer Identification No.)
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1330
Avenue of the Americas, 34th
Floor, New York, NY
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10019-5400
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(Address
of Principal Executive Offices)
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(Zip
Code)
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(Registrant’s
Telephone Number, Including Area Code)
(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 (see General Instruction A.2.
below):
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))
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 12, 2009, the Board of Directors
(the “Board”) of NexCen Brands, Inc. (the “Company”), upon the recommendation of
the Compensation Committee of the Board, voted to terminate the Company’s 2006
Management Bonus Plan (the “2006 Bonus Plan”). The 2006 Bonus Plan
was formally adopted by the Company’s shareholders on October 31,
2006. Prior to the 2006 Bonus Plan’s termination, the Company’s
chief executive officer and certain other key management employees, as
designated by the Compensation Committee of the Board, were eligible to receive
performance-based bonus awards under such plan. No performance-based
bonus awards have ever been granted under the 2006 Bonus Plan. Additional information regarding the
2006 Bonus Plan can be found in the Company’s Current Report on Form 8-K filed
with the Securities Exchange Commission on November 1, 2006.
SIGNATURES
According
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, thereunto
duly authorized on May 14, 2009.
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NEXCEN
BRANDS, INC. |
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/s/ Sue
J. Nam |
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By: |
Sue
J. Nam |
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Its: |
General
Counsel |
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