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):  January 5, 2005

 

 

Liberate Technologies

(Exact Name of Registrant as Specified in Charter)

 

 

 

Registrant’s telephone number, including area code:  (650) 645-4000

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations 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 1.01             Entry into a Material Definitive Agreement.

 

On January 5, Liberate Technologies entered into an addendum to the April 11, 2003 employment letter with Philip A. Vachon, an executive officer who is on a foreign assignment for Liberate.  Under this arrangement, Liberate will provide tax equalization to Mr. Vachon equal to the difference between his actual income tax obligation and the income tax obligation he would have been responsible for had he worked in the United States.  This equalization will be provided for each tax year of Mr. Vachon’s international assignment.  Mr. Vachon will be solely responsible for income taxes (and Liberate will not provide tax equalization) for any tax year with respect to income in excess of $1,000,000.00 in the aggregate from sources other than Liberate.

 

 

 

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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.

 

		LIBERATE TECHNOLOGIES
Date: January 5, 2005		By:	/s/ Gregory S. Wood
		Name:	Gregory S. Wood
		Title:	Executive Vice President and Chief Financial Officer

 

 

 

 

 

 

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