Form 8K 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):
October
20, 2006
___________________________
L
Q
CORPORATION, INC.
(EXACT
NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE
(STATE
OR
OTHER JURISDICTION OF INCORPORATION)
|
000-25977
(COMMISSION
FILE NUMBER)
|
77-0421089
(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:
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
5.02. Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers.
On
October 20, 2006, James A. Mitarotonda delivered to the secretary of L Q
Corporation, Inc. (the “Company”) notice of his resignation as a director and
Chairman of the Board of the Company, effective as of the close of business
on
October 23, 2006. Mr. Mitarotonda had no disagreements with the Company on
any
matter relating to the Company's operations, policies or practices, and resigned
in order to ensure that he had adequate time to devote to his other professional
responsibilities. The Board of Directors of the Company thanks Mr. Mitarotonda
for his dedicated service and valued contributions to the Company.
On
October 23, 2006, the Board of Directors of the Company appointed Steven Berns,
a director of the Company, to serve as Chairman of the Board of Directors,
effective as of the close of business on October 23, 2006.
On
October 23, 2006, the Board of Directors of the Company elected Dianne K.
McKeever to serve as a director of the Company, effective as of the close of
business on October 23, 2006. Ms. McKeever, 28, has been a research analyst
at
Barington Capital Group, L.P., an investment firm (“Barington”), since October
2001. Ms. McKeever received a B.S. from New York University and a B.E. from
Stevens Institute of Technology.
Barington
and a group of other investors which have joined with Barington in the filing
of
a statement on Schedule 13D collectively own greater than 10% of the outstanding
common stock of the Company. Mr. Mitarotonda is Chairman, President and Chief
Executive Officer of a corporation that is the general partner of Barington.
The
Company is party to a Services Agreement under which Barington provides, among
other things, certain administrative, accounting and other services on the
Company’s behalf as further disclosed under Item 1.01 of the Current Report on
Form 8-K filed with the Securities and Exchange Commission on July 12, 2006,
which disclosure is incorporated herein by reference.
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.
L
Q CORPORATION, INC.
Dated: October
24,
2006
By:
/s/
Melvyn
Brunt
Melvyn
Brunt
Chief
Financial Officer
and
Secretary