UNITED STATES
SECURITIES AND EXCHANGE COMMISSION


WASHINGTON,
  DC 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): April 18, 2008

Majesco Entertainment Company


(Exact Name of Registrant as Specified in Its Charter)


Delaware

(State or Other Jurisdiction of Incorporation)


  
     
     
     
  
  
    333-70663

      (Commission File Number) 
     
    06-1529524

      (IRS Employer Identification No.)
  
  
     
     
     
  
  
    160 Raritan Center Parkway, Edison, New Jersey

      (Address of Principal Executive Offices) 
     
    08837

      (Zip Code)
  



(732) 225-8910

  (Registrant’s Telephone Number, Including Area Code)

(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 (see General Instruction A.2. below):



    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))



 
 

 
 








Section 8 – Other Events
Item 8.01 – Other Events.
(a) On April 18, 2008, Jesse Sutton, the company’s chief executive officer, adopted a prearranged trading plan in accordance with the guidelines specified by Rule 10b5-1 under the Securities and Exchange Act of 1934. Mr. Suttons’ previous 10b5-1 plan expired on March 30, 2008. 
Pursuant to the plan, a maximum of 280,000 shares may be sold based on limit orders, which represents approximately 15% of the total shares owned by him. Any sales under the 10b5-1 plan will be disclosed publicly through appropriate filings with the Securities and Exchange Commission.
Rule 10b5-1 permits officers and directors of public companies to adopt predetermined plans for selling specified amounts of stock. Such trading plans allow a corporate insider to gradually diversify his or her holdings of stock while minimizing any market effects of such trades by spreading them out over an extended period of time and eliminating any market concern that such trades were made by the insider while in possession of material nonpublic information. The plans may be entered into or amended only when the director or officer is not in possession of material non-public information. 
Except as may be so required, the company does not undertake any obligation to update or report any modification, termination, or other activity to any 10b5-1 plans or any other plan that may be adopted by other officers or directors of 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.
 


 
        
                        
 
 
        
                        
 
 
        
                        
Majesco Entertainment Company

                          (Registrant)
  
 
        
                        


                        Date: April 25, 2008
 
        
                        
 
 
        
                        
By: 
 
        
                        

 /s/ Jesse Sutton
  
 
        
                        
 
 
        
                        
 
 
        
                        
 
 
        
                        
Jesse Sutton
 Chief Executive Officer