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

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

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

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

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

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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-transform: uppercase; text-align: center">&nbsp;</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-transform: uppercase; text-align: center">&nbsp;</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Date of Report (Date of earliest event reported):
June 28, 2012</P>

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

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>KIT DIGITAL, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Exact Name of Registrant as Specified in
Charter)</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 90%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 30%; text-align: center; border-bottom: Black 1pt solid; padding-bottom: 0">Delaware</TD>
    <TD STYLE="width: 5%; text-align: center; padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="width: 30%; text-align: center; border-bottom: Black 1pt solid; padding-bottom: 0">001-34437</TD>
    <TD STYLE="width: 5%; text-align: center; padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="width: 30%; text-align: center; border-bottom: Black 1pt solid; padding-bottom: 0">11-3447894</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; padding-bottom: 0">(State or other jurisdiction</TD>
    <TD STYLE="text-align: center; padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 0">(Commission File Number)</TD>
    <TD STYLE="text-align: center; padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 0">(IRS Employer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0; text-align: center">of incorporation)</TD>
    <TD STYLE="padding-bottom: 0; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0; text-align: center">Identification No.)</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: 0pt 0; text-align: justify">&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: 60%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">26 West 17<SUP>th</SUP> Street - 2<SUP>nd</SUP> Floor</TD>
    <TD STYLE="width: 40%; padding-right: 5.4pt; padding-left: 5.4pt; text-decoration: underline; text-align: center">10011</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-decoration: underline; text-align: center"><U>New York, New York</U></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Zip Code)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Address of principal executive offices)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</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: 0pt 0; text-align: center">Registrant's telephone number, including
area code: <U>+1 (646) 553-4845</U></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">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:</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: 3%; padding-bottom: 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="width: 97%; padding-bottom: 0">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0"><FONT STYLE="font-family: Wingdings">&#120;</FONT></TD>
    <TD STYLE="padding-bottom: 0">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="padding-bottom: 0">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="padding-bottom: 0">Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR>
</TABLE>
<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"></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 0pt 1in; text-align: center; text-indent: -1in"><B>CURRENT REPORT
ON FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: center; text-indent: -1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: center; text-indent: -1in"><B>KIT digital,
Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: center; text-indent: -1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>June 28, 2012</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&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: 8%; padding-bottom: 0; font-weight: bold">Item 5.02.</TD>
    <TD STYLE="width: 92%; padding-bottom: 0; font-weight: bold">Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in"><B>&nbsp;</B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On June 28, 2012, William V. Russell and
Greg B. Petersen were elected to the Board of Directors of KIT digital, Inc. (the &ldquo;Company&rdquo;), and Daniel W. Hart and
Lars Kroijer resigned as directors of the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Election of Two New Directors</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-indent: 35pt">William V. Russell, age 60,<I> </I>currently
serves as the non-executive Chairman of the Board of PROS Holdings, Inc., a leader in pricing and revenue management
software, and has served as a director of that company since 2008. Mr.&nbsp;Russell served in a number of senior-level
executive management roles in his 23 years at Hewlett-Packard (from 1980 to 2003), including vice president and general
manager of the multi billion-dollar Enterprise Systems Group and its Software Solutions Group. Mr. Russell has served on the
board of directors of SABA Software, Inc., a provider of people-centric enterprise solutions, since January 2010, and is a
member of the audit and compensation committees of Saba Software&rsquo;s board. He has served in a variety of roles on both
public and private technology company boards and previously served on the boards of webMethods and Cognos. Mr.&nbsp;Russell
holds a B.Sc. degree in Computer Science from Edinburgh University and has completed several executive development programs
from institutions including Harvard Business School and INSEAD. As a result of his leadership role in Hewlett-Packard&rsquo;s
substantial software business, Mr.&nbsp;Russell has broad knowledge of large-scale software operations, including sales,
marketing, development, finance, strategic planning and leadership. In addition, Mr. Russell&rsquo;s current and past service
on the boards of other public and private companies also exposed him to practices and approaches that may be beneficial
to the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 35pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 35pt">Greg B. Petersen, age 49, is
currently a private investor and since 2007 has served as a director and on the audit committee of PROS Holdings,
Inc.&nbsp;Mr. Petersen has an extensive background as a technology company chief financial officer, and significant
M&amp;A experience.&nbsp; He has been the Executive Vice President and Chief Financial Officer  of several technology
companies including Activant Solutions, an enterprise software provider to the automotive, hardware, lumber and
wholesale verticals, and Lombardi Software, a business process management software company recently sold to IBM.&nbsp; Mr.
Petersen started his career after business school at American Airlines where he worked in corporate development and finance
from 1989 to 1997.&nbsp;Mr.&nbsp;Petersen holds a B.A. degree in Economics from Boston College and an M.B.A. from the Fuqua
School of Business at Duke University.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 35pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 35pt">Mr. Russell has been appointed
non-executive Chairman of the Board of the Company. Mr. Petersen will become the Chairman of the Board&rsquo;s Audit
Committee and will join Wayne Walker on the Board&rsquo;s Strategic Transactions Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 35pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 35pt">Neither Mr. Russell nor Mr. Petersen has
engaged in a related party transaction with the Company, and there are no family relationships between such individuals and any
of the Company&rsquo;s executive officers or directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 35pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 35pt">In connection with their election to the
Board of Directors, Messrs. Russell and Petersen each received an annual equity grant of 28,640 restricted shares
of common stock of the Company, with vesting in four equal quarterly installments commencing on the date of grant, and a sign-on
grant of 21,480 fully-vested restricted shares of common stock of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 35pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Resignation of Two Current Directors</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-indent: 0.5in">On June 28, 2012, Daniel W. Hart and Lars
Kroijer, members of the Company&rsquo;s Board of Directors since 2008, resigned as directors. The resignations did not result from
any disagreement with the Company concerning any matter relating to the Company&rsquo;s operations, policies or practices.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Following the election of two new directors
and the resignation of two current directors, there remain five members on the Company&rsquo;s Board of Directors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></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: 9%; padding-bottom: 0; font-weight: bold">Item 8.01</TD>
    <TD STYLE="width: 91%; padding-bottom: 0; font-weight: bold">Other Events</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; text-indent: 0.5in">On June 29, 2012, the Company issued a press release announcing that it is reconstituting its Board of
Directors. A  copy of the press release issued on
June 29, 2012 is attached as Exhibit 99.1 to this current report on Form 8-K.&nbsp;&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></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: 9%; padding-bottom: 0; font-weight: bold">Item 9.01</TD>
    <TD STYLE="width: 91%; padding-bottom: 0; font-weight: bold">Financial Statements and Exhibits.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U> Exhibits</U>. The exhibit listed in the following Exhibit Index is filed as part of this current report.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0; text-decoration: underline">Exhibit No.</TD>
    <TD STYLE="padding-bottom: 0; text-decoration: underline">Description</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0">99.1</TD>
    <TD STYLE="padding-bottom: 0">Press Release of by KIT digital, Inc. issued on June 29, 2012.</TD></TR>
</TABLE>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><B>SIGNATURES</B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&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="padding-bottom: 0; font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; font-weight: bold; text-align: justify; text-indent: 0">KIT DIGITAL, INC. </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0; font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; font-weight: bold; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0; font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; font-weight: bold; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0; font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; font-weight: bold; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; padding-bottom: 0; width: 55%">Date: June 29, 2012</TD>
    <TD STYLE="text-align: justify; padding: 0; text-indent: 0; width: 3%">By:</TD>
    <TD STYLE="text-decoration: underline; text-align: justify; padding-bottom: 0; width: 42%">/s/ Barak Bar-Cohen &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; padding-bottom: 0">Barak Bar-Cohen</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: justify; padding-bottom: 0">Chief Executive Officer</TD></TR>
</TABLE>


<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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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):
June 28, 2012
KIT DIGITAL, INC.
(Exact Name of Registrant as Specified in
Charter)
Delaware
001-34437
11-3447894
(State or other jurisdiction
(Commission File Number)
(IRS Employer
of incorporation)
Identification No.)
26 West 17
th
Street - 2
nd
Floor
10011
New York, New York
(Zip Code)
(Address of principal executive offices)
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CURRENT REPORT
ON FORM 8-K
KIT digital,
Inc.
June 28, 2012
Item 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 28, 2012, William V. Russell and
Greg B. Petersen were elected to the Board of Directors of KIT digital, Inc. (the "Company"), and Daniel W. Hart and
Lars Kroijer resigned as directors of the Company.
Election of Two New Directors
William V. Russell, age 60,
currently
serves as the non-executive Chairman of the Board of PROS Holdings, Inc., a leader in pricing and revenue management
software, and has served as a director of that company since 2008. Mr. Russell served in a number of senior-level
executive management roles in his 23 years at Hewlett-Packard (from 1980 to 2003), including vice president and general
manager of the multi billion-dollar Enterprise Systems Group and its Software Solutions Group. Mr. Russell has served on the
board of directors of SABA Software, Inc., a provider of people-centric enterprise solutions, since January 2010, and is a
member of the audit and compensation committees of Saba Software's board. He has served in a variety of roles on both
public and private technology company boards and previously served on the boards of webMethods and Cognos. Mr. Russell
holds a B.Sc. degree in Computer Science from Edinburgh University and has completed several executive development programs
from institutions including Harvard Business School and INSEAD. As a result of his leadership role in Hewlett-Packard's
substantial software business, Mr. Russell has broad knowledge of large-scale software operations, including sales,
marketing, development, finance, strategic planning and leadership. In addition, Mr. Russell's current and past service
on the boards of other public and private companies also exposed him to practices and approaches that may be beneficial
to the Company.
Greg B. Petersen, age 49, is
currently a private investor and since 2007 has served as a director and on the audit committee of PROS Holdings,
Inc. Mr. Petersen has an extensive background as a technology company chief financial officer, and significant
M&A experience.  He has been the Executive Vice President and Chief Financial Officer  of several technology
companies including Activant Solutions, an enterprise software provider to the automotive, hardware, lumber and
wholesale verticals, and Lombardi Software, a business process management software company recently sold to IBM.  Mr.
Petersen started his career after business school at American Airlines where he worked in corporate development and finance
from 1989 to 1997. Mr. Petersen holds a B.A. degree in Economics from Boston College and an M.B.A. from the Fuqua
School of Business at Duke University.
Mr. Russell has been appointed
non-executive Chairman of the Board of the Company. Mr. Petersen will become the Chairman of the Board's Audit
Committee and will join Wayne Walker on the Board's Strategic Transactions Committee.
Neither Mr. Russell nor Mr. Petersen has
engaged in a related party transaction with the Company, and there are no family relationships between such individuals and any
of the Company's executive officers or directors.
In connection with their election to the
Board of Directors, Messrs. Russell and Petersen each received an annual equity grant of 28,640 restricted shares
of common stock of the Company, with vesting in four equal quarterly installments commencing on the date of grant, and a sign-on
grant of 21,480 fully-vested restricted shares of common stock of the Company.
Resignation of Two Current Directors
On June 28, 2012, Daniel W. Hart and Lars
Kroijer, members of the Company's Board of Directors since 2008, resigned as directors. The resignations did not result from
any disagreement with the Company concerning any matter relating to the Company's operations, policies or practices.
Following the election of two new directors
and the resignation of two current directors, there remain five members on the Company's Board of Directors.
Item 8.01
Other Events
On June 29, 2012, the Company issued a press release announcing that it is reconstituting its Board of
Directors. A  copy of the press release issued on
June 29, 2012 is attached as Exhibit 99.1 to this current report on Form 8-K.
Item 9.01
Financial Statements and Exhibits.
(d)
Exhibits
. The exhibit listed in the following Exhibit Index is filed as part of this current report.
Exhibit No.
Description
99.1
Press Release of by KIT digital, Inc. issued on June 29, 2012.
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.
KIT DIGITAL, INC.
Date: June 29, 2012
By:
/s/ Barak Bar-Cohen
Barak Bar-Cohen
Chief Executive Officer