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) December 13,
2007
Clarus
Corporation
(Exact
name of registrant as specified in its charter)
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Delaware
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0-24277
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58-1972600
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(State
or other jurisdiction
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(Commission
File Number)
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(IRS
Employer Identification No.)
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of
incorporation)
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One
Landmark Square, 22nd Floor, Stamford Connecticut 06901
(Address
of principal executive offices) (Zip Code)
Registrant's
telephone number, including area code: (203) 428-2000
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:
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 the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant
to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item
1.02. Termination of Material Definitive Agreement
Effective
as of December 13, 2007, the Registrant’s Board of Directors (the “Board”)
terminated, the Employee Stock Purchase Plan of Clarus Corporation and the
Global Employee Stock Purchase Plan of Clarus Corporation (collectively,
the
“Plans”). Under the Plans, eligible employees had an opportunity to elect to
have up to 15% of their annual salary, up to a maximum of $12,500 per six-month
purchase period, withheld to purchase the Registrant’s common stock. The Board
determined to discontinue the Plans because at the time of termination there
were no employees participating in the Plans and the Plans were no longer
a
meaningful part of the Company’s equity incentive program and were
administratively burdensome and costly to maintain.
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.
Dated:
December 19, 2007
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CLARUS
CORPORATION |
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By: |
/s/
Philip A. Baratelli |
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Name:
Philip A. Baratelli |
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Title:
Chief Financial Officer |