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
September 23, 2009
Date of Report (Date of earliest event reported)
iPARTY CORP.
(Exact name of registrant as specified in its charter)
Delaware 001-15611 76-0547750
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
270 Bridge Street, Suite 301, Dedham, Massachusetts 02026
(Address of principal executive offices) (Zip Code)
(781) 329-3952
(Registrant's telephone number, including area code)
----------------------------------------------------
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)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Renewal Notice
--------------
On September 23, 2009, iParty Corp. (the "Company") notified Mr. Sal
Perisano, the Company's Chief Executive Officer, and Ms. Dorice Dionne, the
Company's Senior Vice President - Merchandising, pursuant to the terms of their
respective employment agreements, that the Company intends to negotiate in good
faith with respect to an extension of their employment agreements, which notice
is described under their respective employment agreements as the renewal notice.
By delivering the renewal notices, Mr. Perisano and Ms. Dionne's employment
terms are extended for a period of six months, from March 31, 2010 to September
30, 2010, and the Company will enter into negotiations with Mr. Perisano and Ms.
Dionne on the terms of new, mutually agreeable employment agreements.
SIGNATURE
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.
iPARTY CORP.
By: /s/ David Robertson
-----------------------
David Robertson
Vice President and
Chief Financial Officer
Dated: September 28, 2009