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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>May 1, 2012 (April 27, 2012)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event reported)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>MAM SOFTWARE GROUP, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in
its charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; text-autospace: none; font-weight: bold; text-align: center">Delaware</TD>
    <TD STYLE="width: 33%; text-autospace: none; font-weight: bold; text-align: center">000-27083</TD>
    <TD STYLE="width: 33%; text-autospace: none; font-weight: bold; text-align: center">84-1108035</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; text-align: center">(State or other jurisdiction of incorporation)</TD>
    <TD STYLE="text-autospace: none; text-align: center">(Commission File No.)</TD>
    <TD STYLE="text-autospace: none; text-align: center">(IRS Employer Identification No.)</TD></TR>
</TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Maple Park, Maple Court, Tankersley,
Barnsley, UK S75 3DP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;(Address of principal executive offices,
including zip code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Registrant's telephone number, including
area code:<B> 011 44 124 431 1794&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions
(see General Instruction A.2. below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Wingdings">o</FONT>&nbsp;Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Wingdings">o</FONT>&nbsp;Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Wingdings">o</FONT>&nbsp;Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">o</FONT>&nbsp;Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Item 5.02. Departure of Directors or
Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; margin-left: 0in; text-indent: 0.5in; text-align: justify">On
April 27, 2012, the Board of Directors of MAM Software Group, Inc. (&ldquo;we,&rdquo; &ldquo;us,&rdquo; &ldquo;our,&rdquo; or
the &ldquo;Company&rdquo;) acting upon the recommendation of the Compensation Committee of the Board approved certain issuances
of restricted Company common stock, par value $0.001 (&ldquo;Common Stock&rdquo;) pursuant to the Company&rsquo;s 2007 Long-term
Incentive Plan (the &ldquo;2007 Plan&rdquo;) to Michael Jamieson, our President and Chief Executive Officer and Charles F. Trapp,
our Executive Vice President and Chief Financial Officer (the
&ldquo;Stock Grants&rdquo;) as more fully described herein.&nbsp;&nbsp; All unvested shares of Common Stock and all option awards
existing prior to April 27, 2012 to Messrs. Jamieson and Trapp were cancelled as of April 27, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; margin-left: 0in; text-indent: 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; margin-left: 0in; text-indent: 0.5in; text-align: justify">The
Stock Grants are in the form of restricted Common Stock issued under the 2007 Plan and subject to vesting (as
described below), 5% of the Company&rsquo;s fully diluted Common Stock to Mr. Jamieson (728,350 at April 27, 2012), and 3% of
the Company&rsquo;s fully diluted Common Stock to Mr. Trapp (437,009 at April 27, 2012). The Stock Grants will vest according
to the following schedule:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify">40% when the market price of the Company&rsquo;s Common Stock trades at or above $5 for the previous
30 day volume weighted average price (&ldquo;VWAP&rdquo;)</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify">15% when the market price of the Company&rsquo;s Common Stock trades at or above $6 for the previous
30 day VWAP.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify">15% when the market price of the Company&rsquo;s Common Stock trades at or above $7 for the previous
30 day VWAP.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD STYLE="text-align: justify">30% when the market price of the Company&rsquo;s Common Stock trades at or above $8 for the previous
30 day VWAP.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; margin-left: 0in; text-indent: 0.5in; text-align: justify">All
of the Stock Grants will be awarded prior to July 2012. Upon a Change of Control, as defined in Mr. Jamieson and Mr. Trapp&rsquo;s
E<FONT STYLE="background-color: white">mployment Agreements effective as of July 1, 2010 (filed as an exhibit to the Company&rsquo;s
Current Report on Form 8-K filed July 21, 2010), all shares of Common Stock with a price target of $5 per share as described above
will immediately vest. All other shares issued pursuant to the Stock Grants will not vest upon a Change of Control.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="background-color: white">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; margin-left: 0in; text-indent: 0.5in; text-align: justify"><FONT STYLE="background-color: white">Under
the 2007 Plan, no single participant may receive more than 25% of the total shares awarded in any single year. The Company
will amend the 2007 Plan to allow for the issuances describe above. In the event that stockholder approval is not obtained
prior to April 27, 2013, the tax deductibility of the Stock Grants will be limited to the maximum amount of shares of Common
Stock eligible to be granted pursuant to the 2007 Plan.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to the requirements of the Securities
Exchange Act of 1934, as amended, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by
the undersigned thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; text-autospace: none">Dated: May 1, 2012</TD>
    <TD STYLE="width: 5%; text-autospace: none">&nbsp;</TD>
    <TD STYLE="width: 45%; text-autospace: none">MAM SOFTWARE GROUP, INC.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1.1pt; text-autospace: none">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.1pt; text-autospace: none">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-autospace: none">/s/ Charles F. Trapp &nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">By:</TD>
    <TD STYLE="text-autospace: none">Name: Charles F. Trapp</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">Title: Chief Financial Officer</TD></TR>
</TABLE>
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[{"type": "8-K", "sequence": "1", "filename": "v311549_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 14685}]
{"company-data": {"conformed-name": "MAM SOFTWARE GROUP, INC.", "cik": "0000832488", "assigned-sic": "7372", "irs-number": "841108035", "state-of-incorporation": "DE", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-27083", "film-number": "12801809"}, "business-address": {"street1": "MAPLE PARK, MAPLE COURT,", "street2": "TANKERSLEY", "city": "BARNSLEY", "state": "X0", "zip": "S75 3DP", "phone": "011-44-124-431-1794"}, "mail-address": {"street1": "MAPLE PARK, MAPLE COURT,", "street2": "TANKERSLEY", "city": "BARNSLEY", "state": "X0", "zip": "S75 3DP"}, "former-company": [{"former-conformed-name": "Aftersoft Group", "date-changed": "20060302"}, {"former-conformed-name": "W3 GROUP INC", "date-changed": "19991019"}, {"former-conformed-name": "CONCORDE STRATEGIES GROUP INC", "date-changed": "19970131"}]}
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
May 1, 2012 (April 27, 2012)
Date of Report (Date of earliest event reported)
MAM SOFTWARE GROUP, INC.
(Exact name of registrant as specified in
its charter)
Delaware
000-27083
84-1108035
(State or other jurisdiction of incorporation)
(Commission File No.)
(IRS Employer Identification No.)
Maple Park, Maple Court, Tankersley,
Barnsley, UK S75 3DP
(Address of principal executive offices,
including zip code)
Registrant's telephone number, including
area code:
011 44 124 431 1794
Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligations 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))
Item 5.02. Departure of Directors or
Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On
April 27, 2012, the Board of Directors of MAM Software Group, Inc. ("we," "us," "our," or
the "Company") acting upon the recommendation of the Compensation Committee of the Board approved certain issuances
of restricted Company common stock, par value $0.001 ("Common Stock") pursuant to the Company's 2007 Long-term
Incentive Plan (the "2007 Plan") to Michael Jamieson, our President and Chief Executive Officer and Charles F. Trapp,
our Executive Vice President and Chief Financial Officer (the
"Stock Grants") as more fully described herein.   All unvested shares of Common Stock and all option awards
existing prior to April 27, 2012 to Messrs. Jamieson and Trapp were cancelled as of April 27, 2012.
The
Stock Grants are in the form of restricted Common Stock issued under the 2007 Plan and subject to vesting (as
described below), 5% of the Company's fully diluted Common Stock to Mr. Jamieson (728,350 at April 27, 2012), and 3% of
the Company's fully diluted Common Stock to Mr. Trapp (437,009 at April 27, 2012). The Stock Grants will vest according
to the following schedule:
-
40% when the market price of the Company's Common Stock trades at or above $5 for the previous
30 day volume weighted average price ("VWAP")
-
15% when the market price of the Company's Common Stock trades at or above $6 for the previous
30 day VWAP.
-
15% when the market price of the Company's Common Stock trades at or above $7 for the previous
30 day VWAP.
-
30% when the market price of the Company's Common Stock trades at or above $8 for the previous
30 day VWAP.
All
of the Stock Grants will be awarded prior to July 2012. Upon a Change of Control, as defined in Mr. Jamieson and Mr. Trapp's
E
mployment Agreements effective as of July 1, 2010 (filed as an exhibit to the Company's
Current Report on Form 8-K filed July 21, 2010), all shares of Common Stock with a price target of $5 per share as described above
will immediately vest. All other shares issued pursuant to the Stock Grants will not vest upon a Change of Control.
Under
the 2007 Plan, no single participant may receive more than 25% of the total shares awarded in any single year. The Company
will amend the 2007 Plan to allow for the issuances describe above. In the event that stockholder approval is not obtained
prior to April 27, 2013, the tax deductibility of the Stock Grants will be limited to the maximum amount of shares of Common
Stock eligible to be granted pursuant to the 2007 Plan.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, as amended, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by
the undersigned thereunto duly authorized.
Dated: May 1, 2012
MAM SOFTWARE GROUP, INC.
/s/ Charles F. Trapp
By:
Name: Charles F. Trapp
Title: Chief Financial Officer