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): February 6, 2008

uBid.com Holdings, Inc.

(Exact name of registrant as specified in its charter)

Delaware
(State or Other Jurisdiction of Incorporation)
000-50995		52-2372260
(Commission File Number)		(IRS Employer
		Identification No.)
8725 W. Higgins Road, Suite 900 Chicago, Illinois 60631
(Address of Principal Executive Offices) (Zip Code)
(773) 272-5000
(Registrant’s telephone number, including area code)
Not Applicable
(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:

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 Certain Officers; Election of Directors;
	Appointment of Certain Officers; Compensatory Arrangements of
	Certain Officers

Effective February 6, 2008, Lee T. Olsen resigned, for personal reasons, as uBid.com Holdings, Inc.’s (the “Company”) Chief Operating Officer. In connection with Mr. Olsen’s resignation and in exchange for a full release of claims against the Company, the Company has agreed to pay Mr. Olsen a severance of approximately 15 weeks of his current base salary. During this period, and as partial consideration for the severance payments, Mr. Olsen will continue on as a consultant to the Company, on an as-needed basis.

Mr. Olsen did not resign because of a material disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

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: February 6, 2008

	UBID.COM HOLDINGS, INC.
	By	/s/ Miguel A. Martinez, Jr.
		Miguel A. Martinez, Jr.
		Chief Financial Officer