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 6, 2008
Retail Pro, Inc.
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(Exact Name of Registrant as Specified in its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
0-23049 33-0896617
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(Commission File Number) (IRS Employer Identification No.)
3252 Holiday Court, Ste. 226, La Jolla, California 92037
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(Address of Principal Executive Offices) (Zip Code)
(858) 550-3355
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(Registrant's telephone number, including area code)
Island Pacific, Inc.
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(Former Name or Former Address, if Changed Since Last Report)
ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF
DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS.
(b) Departure of Directors or Principal Officers
Effective March 6, 2008, Kevin Ralphs resigned his employment with
Retail Pro, Inc. (the "Company") as Interim Chief Financial Officer. There were
no disputes between the Company and Mr. Ralphs.
(c) Appointment of Principal Officers
Effective March 10, 2008, the Company hired Alfred F. Riedler, 58, to
serve as the Company's Vice President, Finance and Principal Financial Officer.
During the most recent five year period, Mr. Riedler served as Chief Financial
Officer of St. Bernard Software, Inc. Mr. Riedler had previously served as Chief
Financial Officer of Bluebird Systems, a software development company, President
and Chief Operating Officer of First Alliance Corporation, a technology products
provider and leasing company, Vice President Finance of STARNET Corporation (a
subsidiary of Ford Motor Company) and Industrial Group Controller for Ramada
Inns. Mr. Riedler earned his Bachelor of Science degree in Business
Administration from the University of Nebraska.
Mr. Riedler's employment will be at-will. He will receive a salary of
$140,000 per year and will also receive options to purchase 200,000 shares of
the Company's common stock at the market price as of the close of business on
March 10, 2008.
ITEM 8.01 OTHER EVENTS
Following the sale of its IPMS division, and effective upon the hiring
of Mr. Riedler, the Company has relocated its finance department to its La
Jolla, California headquarters from its prior headquarters location in Irvine,
California.
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 hereto duly authorized.
Retail Pro, Inc.
Date: March 10, 2008 By: /s/ Barry Schechter
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Name: Barry Schechter
Title: Chief Executive Officer