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): ~~July~~August 2117, 2010

Local Insight Regatta Holdings, Inc.

(Exact name of registrant as specified in its charter)

Delaware

333-152302

20-8046735

(State or other jurisdiction

of incorporation)

(Commission

file number)

(IRS employer

identification no.)

188 Inverness Drive West, Suite 800

Englewood, Colorado

80112

(Address of principal executive offices)

(Zip code)

303-867-1600

(Registrant’s telephone number, including area code)

Not Applicable

(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):

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))

Item 52.02 ~~Departure~~Results of ~~Directors~~Operations orand ~~Certain~~Financial ~~Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers~~Condition.

On ~~July~~August 2117, 2010, ~~the Compensation Committee of~~ Local Insight ~~Media~~Regatta Holdings, Inc. (the “~~LIMH~~Company”)~~, the~~ ~~indirect~~issued ~~parent~~a ofpress ~~Local~~release ~~Insight~~regarding ~~Regatta Holdings, Inc. (~~the “ Company~~”),~~’s ~~approved~~financial ~~amendments~~results tofor the ~~employment~~three ~~agreement~~and ofsix ~~John~~months S.ended ~~Fischer~~June 30, ~~the~~2010. ~~Company’s~~A ~~General~~copy ~~Counsel~~of ~~and~~the ~~Secretary~~press ~~and~~release ais ~~named~~attached ~~executive~~as ~~officer~~Exhibit of99.1 ~~the~~to ~~Company~~this Form 8-K. The ~~employment~~press ~~agreement~~release ofcontains ~~Mr. Fischer~~certain ~~has~~non-GAAP ~~been~~financial ~~amended~~measures ~~to:~~for ~~(i) increase~~ the ~~target~~periods ~~bonus~~set forth ~~payable~~therein, toincluding ~~him~~EBITDA ~~under~~and ~~the~~EBITDA-as ~~LIMH~~adjusted. ~~Senior~~EBITDA ~~Executive~~is ~~Incentive~~net ~~Bonus~~income ~~Plan~~ (~~the~~loss) ~~“Executive~~before ~~Bonus~~interest, ~~Plan”)~~income ~~from~~taxes, ~~70%~~depreciation toand ~~100%~~amortization. ofEBITDA-as ~~his~~adjusted ~~base~~is ~~salary~~net ~~and~~ income (iiloss) ~~increase~~ ~~the~~before ~~bonus~~interest, ~~payable~~income totaxes, ~~him~~depreciation ~~under~~and ~~the~~amortization, purchase ~~Executive~~accounting ~~Bonus~~adjustments, ~~Plan~~other ifnon-cash items and certain ~~“stretch”~~non-recurring ~~targets~~costs. ~~established~~The bymost ~~LIMH’s~~directly ~~Compensation~~comparable ~~Committee~~GAAP ~~are~~financial ~~met~~measure ~~from~~of ~~105%~~these tonon-GAAP ~~150%~~financial ofmeasures ~~his~~is ~~base~~net ~~salary~~loss. ~~Mr. Fischer’s~~Reconciliations ~~employment agreement~~of ~~was~~these ~~also~~non-GAAP ~~amended~~financial measures to ~~ensure compliance with~~ the most ~~requirements~~directly ofcomparable ~~Section 409A~~GAAP offinancial ~~the~~measure ~~Internal~~are ~~Revenue~~included ~~Code~~in ofthe ~~1986~~press release.

ANone ~~copy~~ of the ~~amendment~~contents toof ~~Mr. Fischer’s employment agreement is filed at Exhibit 10.1 to~~ this ~~Current Report on~~ Form 8-K ~~and~~are is incorporated by reference ~~herein~~into any registration statement or report of the Company.

Item 9.01

Financial Statements and Exhibits.

(d) ~~Exhibits~~Exhibit

Exhibit No.		Description
10.1		Second Amendment to Employment Agreement, dated January 2, 2007, by and between John S. Fischer and Local Insight Media, LLC.*
99.1		Press Release issued August 17, 2010

* Represents management contract or compensatory plan.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant, Local Insight Regatta Holdings, Inc., has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: ~~July~~August 2617, 2010


LOCAL INSIGHT REGATTA HOLDINGS, INC.

By:	/s/ JOHN S. FISCHER
	Name:	John S. Fischer
	Title:	General Counsel and Secretary

EXHIBIT INDEX

Exhibit No.		Description
10.1		Second Amendment to Employment Agreement, dated January 2, 2007, by and between John S. Fischer and Local Insight Media, LLC.*
99.1		Press Release issued August 17, 2010

* Represents management contract or compensatory plan.

Filing Compare · Local Insight Regatta Holdings, Inc.