Form 8-K Current Report
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):
March
23,
2006
DYNABAZAAR,
INC.
(EXACT
NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE
(STATE
OR
OTHER JURISDICTION OF INCORPORATION)
|
000-29423
(COMMISSION
FILE NUMBER)
|
04-3551937
(I.R.S.
EMPLOYER IDENTIFICATION NO.)
|
|
888
Seventh Avenue
New
York, New York 10019
(ADDRESS
OF PRINCIPAL EXECUTIVE OFFICES)
|
(212)
974-5730
(REGISTRANT’S
TELEPHONE NUMBER, INCLUDING AREA CODE)
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):
r
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
r
Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
r
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
r
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.
The
Board
of Directors of Dynabazaar, Inc. (the “Company”), including each director
independent of the Company and Barington, approved on March 23, 2006 an
amendment of the administrative services agreement between Barington and the
Company dated as of December 17, 2004. The amendment reduced the monthly fee
paid to Barington for performing certain administrative, accounting and other
services on behalf of the Company from $15,000 per month to $7,500 per month,
effective as of March 1, 2006.
Item
5.02. Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers.
On
March
23, 2006, Karen Schneider resigned from the Board of Directors of the Company.
Ms. Schneider had no disagreements with the Company on any matters related
to
the Company's operations, policies or practices, and resigned in order to devote
additional time to her position as a senior executive of Pringle of Scotland,
a
fashion manufacturing company located in the United Kingdom.
The
Board
of Directors of the Company thanks Ms. Schneider for her dedicated service
and
valued contributions to the Company.
SIGNATURES
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.
Date:
March 24, 2006
DYNABAZAAR,
INC.
By:
/s/
William J.
Fox
William J. Fox
President and Chief Executive Officer