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
Date of Report (Date of earliest event reported): June 9, 2006
PlanetOut Inc.
(Exact name of registrant as specified in charter)
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| Delaware |
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000-50879 |
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94-3391368 |
(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.) |
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| 1355 Sansome Street, San Francisco, CA |
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94111 |
| (Address of principal executive office)
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(Zip Code) |
Registrant’s telephone number, including area code (415) 834-6500
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| N/A |
| (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 (see General Instruction
A.2. below):
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 Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under 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 June 15, 2006, PlanetOut Inc. (the “Company”) announced that Lowell R. Selvin, the
Company’s Chairman and Chief Executive Officer will step down, effective July 1, 2006, from his
position as the Chief Executive Officer, for personal
reasons.
The Company further announced that, also effective July 1, 2006, the Board of Directors
appointed Karen Magee, a member of the Board of Directors of the Company, as the Company’s Chief
Executive Officer.
Ms. Magee, 45, has served on the Company’s Board of Directors since September 2003. Ms. Magee
served as Senior Vice President of Strategic Planning for Time Warner from April 2004 to March
2006. She served as Vice President of Strategic Planning for Time Inc. from February 2001
until April 2004. From February 1996 until February 2001, she was with TIME magazine where she
served as General Manager for four years and more recently as Vice President of Consumer Marketing.
Ms. Magee sits on the Princeton University Board of Trustees and previously served as Co-Chair of
the GLAAD board of directors. Ms. Magee holds a B.S.E. from Princeton University and a M.B.A. from
the Wharton School of the University of Pennsylvania. Other than previously disclosed compensation
for her services as a member of the Board of Directors, there are no transactions to which the
Company is or is proposed to be a party and in which Ms. Magee has material interest.
The Company also announced that the Board of Directors has appointed H. William Jesse, Jr. as
the Chairman of the Board of Directors of the Company, effective July 1, 2006.
Ms. Magee will continue to serve on the Board of Directors, but has resigned, effective as of
July 1, 2006, from her positions as a member of the Audit Committee and Corporate Governance and
Nominating Committee of the Company, in order to preserve such committees’ independence. Allen
Morgan has been appointed by the Board of Directors to replace Ms. Magee on the Audit Committee.