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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001144204-09-055952.txt : 20091102
<SEC-HEADER>0001144204-09-055952.hdr.sgml : 20091102
<ACCEPTANCE-DATETIME>20091102172229
ACCESSION NUMBER:		0001144204-09-055952
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20091027
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20091102
DATE AS OF CHANGE:		20091102

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Mandalay Media, Inc.
		CENTRAL INDEX KEY:			0000317788
		STANDARD INDUSTRIAL CLASSIFICATION:	PATENT OWNERS & LESSORS [6794]
		IRS NUMBER:				222267658
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-10039
		FILM NUMBER:		091151944

	BUSINESS ADDRESS:	
		STREET 1:		2121 AVENUE OF THE STARS
		STREET 2:		SUITE 2550
		CITY:			LOS ANGELES,
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 601-2500

	MAIL ADDRESS:	
		STREET 1:		2121 AVENUE OF THE STARS
		STREET 2:		SUITE 2550
		CITY:			LOS ANGELES,
		STATE:			CA
		ZIP:			90067

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Mediavest, Inc.
		DATE OF NAME CHANGE:	20050809

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EB2B COMMERCE INC /NY/
		DATE OF NAME CHANGE:	20010323

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DYNAMICWEB ENTERPRISES INC
		DATE OF NAME CHANGE:	19960624
</SEC-HEADER>
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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 (<font style="DISPLAY: inline; FONT-STYLE: italic">see </font>General
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5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN
OFFICERS.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Effective
October 27, 2009, the Board of Directors (the &#8220;Board&#8221;) of Mandalay Media, Inc.
(the &#8220;Company&#8221;) appointed Ray Schaaf as President of the Company and James
Lefkowitz as Chief Operating Officer of the Company. Mr. Lefkowitz previously
served as President of the Company.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mr.
Schaaf, age 48, has 25 years of digital media experience, including games,
content, ecommerce, and mobile industries. Prior to joining the Company, from
2007 to 2009, Mr Schaaf served as president and chief executive officer of
Arcadia Entertainment, Inc. From 2005 to 2007, Mr. Schaaf was chief operating
officer of Navio, a digital content, ecommerce, and promotions solution provider
to Fox Interactive Media, Shockwave, Disney, Sony BMG, EMI, and MasterCard.
Prior to Navio, from 2003 to 2005, he was president of publishing at Glu Mobile
(previously Sorrent) and president of Intershop, where he oversaw the Americas
and APAC operations, managing both operations to profitability. Prior to
Intershop, Mr. Schaaf was chief executive officer and president of XMARC, where
he launched the first location-based application deployed on a public wireless
network. He has also held executive management positions at Veritas Software,
NeXT Computers, and Ziff Davis. Mr. Schaaf received his B.S. degree in business
from Boston College.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mr.
Lefkowitz, 50, has served as President of the Company since June 2007. He is a
20 year entertainment industry veteran with a wide range of experience in law,
business, finance, film and television. Mr. Lefkowitz joined Mandalay from
Cantor Fitzgerald (&#8220;Cantor&#8221;), where he was managing director of Cantor
Entertainment. Prior to Cantor, Mr. Lefkowitz was an agent for eight years at
Creative Artists Agency, the premiere talent agency in Hollywood, where he
represented actors, writers and directors. He began his career as an attorney at
the law firm of Manatt, Phelps, and Phillips in Los Angeles. He subsequently
worked for six years as a business affairs executive at Walt Disney Studios and
Touchstone Pictures. Mr. Lefkowitz is a graduate of the University of Michigan
School of Business Administration and Michigan Law School.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Neither
Mr. Schaaf nor Mr. Lefkowitz have any family relations with any directors or
executive officers of the Company.&#160;&#160;There are no transactions to which
the Company is a party and in which Mr. Schaaf or Mr. Lefkowitz has a material
interest that are required to be disclosed under Item 404(a), as modified by
Item 404(d)(1) of Regulation S-K.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
Company and Mr. Lefkowitz are parties to that certain Employment Letter, by and
between the Company and Mr. Lefkowitz, dated as of June 28, 2007, as amended by
the Salary Reduction Letter by and between the Company and Mr. Lefkowitz, dated
March 16, 2009, the material terms of which were previously disclosed in those
Current Reports on Form 8-K filed on July 3, 2007 and March 20, 2009,
respectively, which are incorporated herein by reference.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ITEM
8.01 OTHER EVENTS.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>On October 28, 2009, the Company issued
a press release announcing the appointment of Mr. Schaaf as President of the
Company, a copy of which is attached hereto as Exhibit 99.1 and incorporated
herein by reference.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">ITEM&#160;9.01 FINANCIAL STATEMENTS
AND EXHIBITS.</font></font></div>
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            <td align="left" valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
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            <td align="left" valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
      </font></td>
            <td align="left" valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;
      </font></td>
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      No.</font></div>
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to the requirements of the Securities Exchange Act of 1934, the registrant has
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duly authorized.</font></div>
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<TYPE>EX-99.1
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    <body bgcolor="#ffffff" style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
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    <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">MANDALAY
MEDIA, INC. APPOINTS MOBILE GAMING VETERAN </font><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">AS
PRESIDENT</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">LOS ANGELES </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#8211;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold"> October 28, 2009 </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#8211;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>Mandalay Media, Inc.
(OTC Bulletin Board: <font style="DISPLAY: inline; TEXT-DECORATION: underline">MNDL</font>) announced today
that it has elected Ray Schaaf as President, effective October 27,
2009.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mr.
Schaaf, a veteran in the mobile entertainment industry, joins Mandalay Media as
President from Arcadia Entertainment, Inc. where he served as President and
CEO.&#160;&#160;Ray also served as the former President of Publishing for Glu
Mobile (NASDAQ: GLUU) where he built and grew the company into one of the top
world-wide mobile game publishers.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
connection with Mr. Schaaf&#8217;s election, Jim Lefkowitz was named&#160;Chief
Operating Officer of Mandalay Media.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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stated: &#8220;Ray is a gifted senior manager with seasoned international mobile
gaming and content experience. I personally believe he is the right person to
help us further grow our entertainment business globally while overseeing our
day-to-day operations. I look forward to seeing great leadership and innovation
from the new Mandalay Media team."</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">About
Ray Schaaf</font></div>
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Schaaf&#8217;s 25 years of digital media experience spans games, content, ecommerce,
and mobile industries. He has led and managed companies in North America, Asia,
and Europe. Prior to Arcadia, Mr. Schaaf was COO of Navio, a digital content,
ecommerce, and promotions solution provider to Fox Interactive Media, Shockwave,
Disney, Sony BMG, EMI, and MasterCard.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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Navio, he was President of Publishing at Glu Mobile (previously Sorrent) where
he built the company into a top-tier global mobile game developer/publisher. As
President of Intershop, he oversaw the Americas and APAC operations, managing
both operations to profitability. Prior to Intershop, Mr. Schaaf was CEO and
President of XMARC, where he launched the first location-based application
deployed on a public wireless network. He has also held executive management
positions at Veritas Software, NeXT Computers, and Ziff Davis. Mr. Schaaf
received his B.S. degree in business from Boston&#160;College.</font></div>
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Jim Lefkowitz</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mr.
Lefkowitz is a 20 year entertainment industry veteran with a wide range of
experience in law, business, finance, film and television. Mr. Lefkowitz joined
Mandalay in 2007 from Cantor Fitzgerald, where he was managing director of
Cantor Entertainment. Prior to Cantor, Mr. Lefkowitz was an agent for eight
years at Creative Artists Agency, a leading talent agency in Hollywood, where he
represented clients in connection with film, television, and other media
ventures. He began his career as an attorney at the law firm of Manatt, Phelps,
and Phillips in Los Angeles. He subsequently worked for six years as a business
affairs executive at Walt Disney Studios and Touchstone Pictures. Mr. Lefkowitz
is a graduate of the University of Michigan School of Business Administration
and Michigan Law School.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">About
Mandalay Media, Inc.:</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Managed
by leading media and technology industry executives, the Company's mission is to
build a unique combination of new media distribution and content companies
through acquisitions with domestic and foreign businesses with strong management
teams and historical financial performance. Through its wholly-owned subsidiary
Twistbox Entertainment, Inc., the Company is a leading global producer and
publisher of mobile entertainment. Twistbox has exclusive licenses with
industry-leading brands, direct distribution with more than 120 wireless
operators in over 45 countries and provides an extensive portfolio of
award-winning games, WAP sites and mobile TV channels. Its wholly-owned
subsidiary AMV Holding Limited is a European leader in direct-to-consumer mobile
Internet content and services.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Safe</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Harbor</font>: This press release
contains forward-looking statements about the Company within the meaning of the
Private Securities Litigation Reform Act of 1995. Statements including words
such as "estimate", "expect", "anticipate" or "believe" and statements in the
future tense are forward-looking statements. These forward-looking statements
are subject to risks and uncertainties that could cause actual events or actual
future results to differ materially from the expectations set forth in the
forward-looking statements. Some of the factors which could cause the Company's
results to differ materially from the expectations include the following:
consumer demand for the Company's products; consumer spending trends;
fluctuations in the currencies of the countries in which the Company operates
against the US dollar; timely development and release of the Company's products;
competition in the industry; the Company's ability to manage expenses; the
Company's ability to manage and sufficiently integrate acquisitions of other
companies; adverse changes in the securities markets; and other factors
described in our filings with the SEC, including our Annual Report on Form 10-K
for the fiscal year ended March 31, 2009. The Company does not undertake, and
specifically disclaim any obligation, to release publicly the results of any
revisions that may be made to any forward-looking statements to reflect the
occurrence of anticipated or unanticipated events or circumstances after the
date of such statements.</font></div>
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