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 1, 2008
Commission file number: 000-23687
STOCKHOUSE INC.
(Exact name
of small business issuer as specified in its charter)
Colorado | 84-1379282 |
(State or other jurisdiction of incorporation or organization) | (IRS Employer Identification No.) |
Suite 500-750 West Pender Street, Vancouver, British
Columbia, V6C 2T7
(Address of principal executive
offices)
(604) 331-0995
(Issuer's telephone
number)
Stockgroup Information Systems Inc.
(Former
name, former address and former fiscal year, 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:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))
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Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Change in management team
As a part of the cost restructuring program, Bruce Nunn, VP Marketing will be leaving the organization as of October 23, 2008.
Item 7.01. | Regulation FD Disclosure |
The disclosure in Item 5.02 and 8.01 is responsive to this item and is hereby incorporated by reference.
Item 8.01 | Other Events |
Effective October 1st, 2008, due to market conditions the company has undertaken a cost restructuring program reducing is staff by 17 or 24%. The company will record a restructuring charge of approximately $110,000 in Q4, 2008.
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.
STOCKHOUSE INC.
By: /s/ Marcus New
_______________________________________
Marcus New
President and Chief Executive Officer
October 2, 2008