Petmed Express Inc – ‘8-K’ for 3/16/01

On:  Friday, 3/30/01, at 12:02pm ET   ·   For:  3/16/01   ·   Accession #:  950144-1-4378   ·   File #:  0-28827

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Petmed Express, Inc. Form 8-K Dated 03/16/01           4     14K 
 2: EX-10       Employment Agreement/ Menderes Akdag                  13     54K 

8-K   —   Petmed Express, Inc. Form 8-K Dated 03/16/01
Document Table of Contents

8-K
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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 16, 2001                

PETMED EXPRESS, INC.
--------------------------------------------------
(Exact name of registrant as specified in its charter)

FLORIDA                       000-28827                  65-0680967       
----------------                ------------              --------------        
(State or other                 (Commission                (IRS Employer        
jurisdiction of                 File Number)              Identification        
incorporation)                                                Number)           

 1441 SW 29 AVENUE, POMPANO BEACH, FLORIDA 33069
 -----------------------------------------------------------
 (Address of executive offices and Zip Code)

Registrant's telephone number, including area code:       (954)979-5995         

NOT APPLICABLE
--------------------------
 (Former name or former address, if changed since last report)

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Item 5. Other Events.                                                           

         On March 16, 2001, PetMed Express, Inc. (the "Company") entered into an
employment agreement with Menderes Akdag to serve as the Company's CEO. Under   
the terms of this three year agreement, the Company will pay Mr. Akdag an annual
salary of $150,000 for the first six months of the agreement, and thereafter his
annual salary will be increased to $200,000. The Company can terminate Mr.      
Akdag's employment with or without cause. If the Company should terminate Mr.   
Akdag for cause (as defined in the agreement), no severance benefits shall be   
paid. The agreement can be terminated upon the mutual consent of the parties, or
upon 90 days notice by the Company during which time the Company shall continue 
to compensate him under the terms of his employment agreement.                  

       The Company also granted Mr. Akdag options to purchase 750,000 shares
of its common stock under its 1998 Stock Option Plan at an exercise price of    
$.32 per share which vest at the rate of 187,500 options on each of March 16,   
2001, 2002, 2003 and 2004.                                                      

        In conjunction with Mr. Akdag joining the Company, the Company's Board
of Directors has elected the following persons to the offices set forth opposite
their respective names, each to serve at the pleasure of the Board of Directors:

Name                                 Office               
----                                 ------               

     Marc A. Puleo, M.D.        Chairman of the Board, President and
     Secretary
Menderes Akdag             Chief Executive Officer        
Christopher Lloyd          Chief Operating Officer        
      John Vermaaten             Chief Financial Officer and Treasurer

        Biographical information for Dr. Puleo and Messrs. Lloyd and Vermaaten
was included in the Company's annual report on Form 10-KSB for the fiscal year  
ended March 31, 2000. The following is biographical information for Mr. Akdag.  

      MENDERES AKDAG. Prior to joining PetMed Express, Inc., from November
2000 until March 2001, Mr. Akdag served as Chief Executive Officer of           
International Cosmetics Marketing Co. d/b/a Beverly Sassoon & Co., a publicly   
held (OTCBB: ICMK) direct sales company distributing skin care and nutritional  
products. From May 1991 until August 2000, Mr. Akdag was employed by Lens       
Express, Inc., a direct sales company distributing replacement contact lens,    
serving as its President from May 1996 until August 2000, Chief Executive       
officer and a member of the Board of Directors from August 1992 until May 1996, 
and Chief Financial Officer and a member of the Board of Directors from May 1991
until August 1992. On December 14, 1998, Netel, Inc., a                         

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corporation in which Mr. Akdag served as director, filed a Petition for Chapter 
11 bankruptcy in the United States Bankruptcy Court Southern District of        
Florida. The proceeding was styled IN RE: NETEL, INC., CASE NO.                 
98-28929-BKC-PGH. On July 19, 1999, the Bankruptcy Court entered an Order       
Confirming an Amended Chapter 11 Plan. On December 21, 1999, the Bankruptcy     
Court entered a Final Decree, Discharge of Trustee, and closed the case. Mr.    
Akdag holds a Bachelor of Science degree in Business Administration with a major
in finance from the University of Florida where he graduated with high honors.  

Item 7. Financial Statements and Exhibits.                                      

(c) Exhibits                                                  

Exhibit No.                  Description                                        
-----------                  -----------                                        

10            Employment Agreement dated March 16, 2001 by and between  
PetMed Express, Inc. and Menderes Akdag     

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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.                                           

                      PetMed Express, Inc.

Date: March 30, 2001                    By: /s/ Marc A. Puleo                   
                                           -----------------------------------
                      Marc A. Puleo, M.D.,
           President

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Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘8-K’ Filing		Date		First		Last			Other Filings
		3/16/04		2					4,  8-K
		3/16/03		2
		3/16/02		2
Filed on:		3/30/01		4
For Period End:		3/16/01		1		3
		3/31/00		2					10KSB,  NT 10-K
		12/21/99		3
		7/19/99		3
		12/14/98		2
									List all Filings

1 Subsequent Filing that References this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/25/21  Petmed Express Inc.               10-K        3/31/21   67:5.5M                                   RDG Filings/FA