UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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):
April 11, 2005
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RENTRAK CORPORATION
(Exact name of registrant as specified in charter)
Oregon
(State or other jurisdiction of incorporation)
0-15159 93-0780536
(Commission File Number) (IRS Employer Identification No.)
One Airport Center
7700 N.E. Ambassador Place
Portland, Oregon 97220
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(503) 284-7581
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:
|_| 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 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On April 11, 2005, Rentrak Corporation (the "Company") entered into
a Separation Agreement and Mutual Release (the "Separation Agreement") with
Craig Berardi, whose employment as Vice President - Product Services terminated
on March 17, 2005. Under the Separation Agreement, unless Mr. Berardi revokes
the agreement prior to April 15, 2005, he will be paid as severance a total of
$112,500 in 18 equal monthly installments. The Company will also pay the
premiums for group health insurance coverage for Mr. Berardi and his dependents
through December 31, 2005, if Mr. Berardi elects continuation coverage. The
Separation Agreement includes mutual releases by each party of all claims
against the other arising out of or in any way related to Mr. Berardi's
employment with the Company.
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 thereunto duly authorized.
RENTRAK CORPORATION
Dated: April 15, 2005 By: /s/ Paul A. Rosenbaum
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Paul A. Rosenbaum
Chairman, President and Chief Executive
Officer
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