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): December
1, 2006
uBid.com
Holdings, Inc.
(Exact
name of registrant as specified in its charter)
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Delaware
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(State
or Other Jurisdiction of Incorporation)
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000-50995
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52-2372260
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(Commission
File Number)
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(IRS
Employer
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Identification
No.)
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8550
West Bryn Mawr, Suite 200
Chicago,
Illinois 60631
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(Address
of Principal Executive Offices) (Zip Code)
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(773)
272-5000
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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:
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 Departure
of Directors or Principal Officers; Election of Directors; Appointment
of Principal Officers.
On
December 1, 2006, uBid.com Holdings, Inc. increased its Board from three to
four
members and elected Kenneth J. Roering as an additional director. He was not
elected pursuant to any arrangement or understanding with any third person.
Dr.
Roering is currently Professor of Marketing in the Carlson School of Management
of the University of Minnesota and Executive Vice President, Strategic
Management, Marshall BankFirst Corp. He previously served as Chairman of the
Marketing Department at the University of Minnesota for five years, and prior
to
that, occupied the same position at the University of Missouri. In addition,
Dr.
Roering served as a visiting professor or distinguished guest lecturer at a
number of universities, including Northwestern University, Harvard University,
University of Michigan, University of Virginia, University of Illinois,
University Jean Moulin (Lyon, France) and the Warsaw School of Economics
(Poland). Over the past twenty years, Dr. Roering has been a member of the
Board
of Directors of several private and public companies, and has served as an
independent consultant to numerous corporations, including American Express,
3M
Cargill, Carlson Companies and Motorola. He currently serves on the Board of
Directors of Arctic Cat (Lead Director), Innovex Inc. and Rave Sports. Dr.
Roering obtained his doctorate from the University of Iowa. In connection with
his election to the Board, Dr. Roering received a ten-year option to purchase
50,000 shares of the Company’s Common Stock at $2.90 per share.
There
is
not currently, nor has there been since the beginning of the Company’s last
fiscal year, any transaction with the Company in which Dr. Roering has or had
a
direct or indirect material interest.
Item
9.01
Financial
Statements and Exhibits.
(d)
Exhibits:
Exhibit
99.1
Press
release dated December 4, 2006.
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.
Dated:
December 4, 2006
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UBID.COM HOLDINGS, INC. |
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By |
/s/ Miguel
A.
Martinez, Jr. |
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Miguel
A. Martinez, Jr.
Vice
President, Finance
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SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
EXHIBIT
INDEX TO FORM 8-K
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Date
of Report: December 1, 2006
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Commission
File No.:
000-50995
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UBID.COM
HOLDINGS, INC.
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EXHIBIT
NO.
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ITEM |
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99.1
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Press release dated December 4,
2006 |