Options Media Group Holdings, Inc. (OPMG)

[StockrookFOREVER]

NEW CFO



Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 30, 2011, Options Media Group Holdings, Inc. (the “Company”) appointed Jeffrey A. Yesner to serve as its Chief Financial Officer beginning September 30, 2011. From November 2007 through August 2011, Mr. Yesner served as the Chief Accounting Officer of Medical Staffing Network Holdings, Inc. (“Medical Staffing”), one of the largest diversified healthcare staffing companies in the United States. Prior to this, Mr. Yesner served as the Vice President of Finance of Medical Staffing from July 2006 until November 2007. Mr. Yesner is a Certified Public Accountant, inactive, in New York and is 40 years old. The Company is currently finalizing a compensation package for Mr. Yesner which will include a $200,000 annual salary and 3,000,000 stock options exercisable at $.0365 per share which will vest in 12 equal increments each March 31 st , June 30 th , September 30 st, and December 31 st (beginning December 31, 2011), subject to continued employment on each applicable vesting date. In connection with the appointment of Mr. Yesner, o n August 25, 2011, the Company notified Steve Stowell, the Company’s current Chief Financial Officer, that it would not be renewing his Employment Agreement. Mr. Stowell will remain employed as Chief Financial Officer until September 29, 2011, the end of the term of his Employment Agreement and will help with the transition of Mr. Yesner as Chief Financial Officer.