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Prepared and filed by St Ives Financial
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<p align="center"><font size="2" face="serif"><b>UNITED STATES</b></font><br>
<font size="2" face="serif"><b>SECURITIES AND EXCHANGE COMMISSION</b></font><br>
<font size="2" face="serif"><b>Washington, D.C.  20549</b></font></p>
<p align="center"><font size="2" face="serif"><b>FORM 8-K</b></font></p>
<p align="center"><b><font size="2" face="serif">__________________</font></b></p>
<p align="center"><font size="2" face="serif"><b>CURRENT REPORT</b></font><br>
<font size="2" face="serif"><b>PURSUANT TO SECTION 13 or 15(d) OF</b></font><br>
<font size="2" face="serif"><b>THE SECURITIES EXCHANGE ACT OF 1934</b></font><br>
<b><font size="2" face="serif">__________________</font></b></p>
<p align="center"><font size="2" face="serif"><b>Date of Report:  July 13, 2006</b></font></p>
<p align="center"><b><font face="serif" size="5">MIVA, Inc.</font></b><br>
<font size="2" face="serif"><b>(Exact Name of Registrant as specified in its charter)</b></font></p>
<table width="100%" cellspacing="0" cellpadding="0" align="center" border="0">
<tr align="center" valign="top" bgcolor="#ffffff">
<td width="33%"><font size="2" face="serif">    Delaware   </font></td>
<td width="33%"><font size="2" face="serif">0-30428</font></td>
<td width="26%"><font size="2" face="serif">  88-0348835</font></td>
</tr>
<tr align="center" valign="top" bgcolor="#FFFFFF">
<td><font size="2" face="serif"><b>(State or other</b></font></td>
<td><font size="2" face="serif"><b>  (Commission File No.)</b></font></td>
<td><font size="2" face="serif"><b>(IRS Employer</b></font></td>
</tr>
<tr align="center" valign="top" bgcolor="#FFFFFF">
<td><font size="2" face="serif"><b>jurisdiction of</b></font></td>
<td><font size="2" face="serif">&nbsp;</font></td>
<td><font size="2" face="serif"><b>          Identification Number)</b></font></td>
</tr>
<tr align="center" valign="top" bgcolor="#FFFFFF">
<td><font size="2" face="serif"><b>incorporation or</b></font></td>
<td><font size="2" face="serif">&nbsp;</font></td>
<td><font size="2" face="serif">&nbsp;</font></td>
</tr>
<tr align="center" valign="top" bgcolor="#FFFFFF">
<td><font size="2" face="serif"><b>organization)</b></font></td>
<td><font size="2" face="serif">&nbsp;</font></td>
<td><font size="2" face="serif">&nbsp;</font></td>
</tr>
</table>
<p align="center"><font size="2" face="serif">5220 Summerlin Commons Boulevard</font><br>
<font size="2" face="serif">Fort Myers, Florida  33907</font><br>
<font size="2" face="serif">(239) 561-7229</font><br>
<font size="2" face="serif"><b> (Address, including zip code, and telephone number</b></font><br>
<font size="2" face="serif"><b>including area code of Registrant&#8217;s</b></font><br>
<font size="2" face="serif"><b>principal executive offices)</b></font><br><br>
<br>

<font size="2" face="serif"><b>(Former name or former address, if changed since last report)</b></font></p>
<p align="left"><font size="2" face="serif">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):</font></p>
<p align="left"><font size="2" face="serif"><img src="emptybox.gif" width="12" height="12"> Written communications pursuant
to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>
<p align="left"><font size="2" face="serif"><img src="emptybox.gif" width="12" height="12"> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
<p align="left"><font size="2" face="serif"><img src="emptybox.gif" width="12" height="12"> Pre-commencement
    communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </font></p>
<p align="left"><font size="2" face="serif"><img src="emptybox.gif" width="12" height="12"> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
<p align="center">&nbsp;</p>
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<a name="p?"></a>
<p>&nbsp;</p>
<p align="left"><font size="2" face="serif"><b>Item 1.01. Entry into a Material
      Definitive Agreement.</b></font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On July 13, 2006, MIVA, Inc. (the &#8220;Company&#8221;) and Mr. Subhransu Brian Mukherjee entered into an Executive Employment Agreement, pursuant to which Mr. Mukherjee will serve as Senior Vice President North America of the Company, effective as of July 13, 2006.  The Agreement has an initial term of one (1) year and automatically renews for subsequent one (1) years terms thereafter, subject to earlier termination as provided for in the Agreement.  The Agreement provides for an annual base salary of $265,000, which may be increased at the discretion of the Company&#8217;s Board of Directors.  Mr. Mukherjee is eligible to receive an annual bonus ranging from 0% to 50% of his annual base salary, with a target bonus
of 25% of his annual base salary.  The bonus is based 50% upon Mr. Mukherjee meeting certain individual performance objectives and 50% upon the Company meeting certain performance objectives.  For the fiscal year ending December 31, 2006, the annual bonus, if any, will be pro-rated based on the number of months Mr. Mukherjee has been with the Company.  Mr. Mukherjee was also granted options to purchase 100,000 shares of the Company&#8217;s common stock as of July 13, 2006 at a price of $2.93 per share.  The options vest at the rate of 25% per year on each anniversary of the date of grant.  Notwithstanding the vesting schedule described above, the Agreement provides that such options will vest on an accelerated basis if Mr. Mukherjee is terminated by the Company without &#8220;Cause&#8221;
(as defined in the Executive Employment Agreement) or if Mr. Mukherjee terminates his employment with the Company for &#8220;Good Reason&#8221; (as defined in the Executive Employment Agreement).  </font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr. Mukherjee&#8217;s Agreement with the Company also provides, in addition to some of the benefits outlined above, that in the event of a termination by the Company without &#8220;Cause&#8221; or a termination by Mr. Mukherjee for &#8220;Good Reason,&#8221; Mr. Mukherjee would be entitled to receive the following: (1) his earned but unpaid basic salary through the termination date, plus a pro rata share of his bonus through the termination date; (2) an amount equal to one times the sum of his basic salary at the time of termination, plus a termination bonus equal to the bonus paid to Mr. Mukherjee during the four fiscal quarters prior to the date of termination, or in the event of a change of control, the bonus paid
to Mr. Mukherjee during the four fiscal quarters prior to the change of control, payable over the twelve month period following termination; (3) any other amounts or benefits owing to Mr. Mukherjee under the then applicable employee benefit, long term incentive or equity plans and programs of the Company, within the terms of such plans, payable over the twelve month period following termination; and (4) benefits (including health, life, disability and pension) as if Mr. Mukherjee were still an employee during the twelve month period following termination. Included in the definition of &#8220;good reason,&#8221; is a period of time from 180 to 210 days following a change of control, as defined in the Agreement, during which Mr. Mukherjee may terminate his employment for any reason.  The
Company has also agreed to reimburse Mr. Mukherjee for his reasonable moving expenses. </font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr. Mukherjee has agreed not to compete with the Company for a period of twelve months following the termination of his employment for any reason.</font></p>
<p align="center"><font size="2" face="serif">2</font></p>
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<page> <a name="p?"></a>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A copy of the Executive Employment Agreement is attached hereto as Exhibit 10.1 and is incorporated herein by reference.  A copy of the press release announcing Mr. Mukherjee&#8217;s appointment as Senior Vice President North America of the Company is attached hereto as Exhibit 99.1.</font></p>
<p align="left"><font size="2" face="serif"><b>Item 9.01.</b><b> Financial Statements
      and</b> <b>Exhibits.</b></font></p>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td>&nbsp;</td>
    <td width="15%">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td colspan="2"><font size="2" face="serif"><i>(c) Exhibits.</i></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="serif"><i>Exhibit No</i>.</font></td>
    <td align="center"><font size="2" face="serif"><i>Description</i></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td width="3%" valign="top"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1</font></td>
    <td><font size="2" face="serif">Executive Employment Agreement with Subhransu
    Brian Mukherjee, dated July 13, 2006.</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99.1</font></td>
    <td><font size="2" face="serif">Press Release, dated July 13, 2006, entitled &#8220;MIVA
    Names S. Brian Mukherjee Senior Vice President North America.&#8221;</font></td>
  </tr>
</table>
<p align="left"><b><font size="2" face="serif"></font></b></p>
<p align="center"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3</font></p>
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<a name="p?"></a>
<p align="center"><font size="2" face="serif"><b>SIGNATURES</b></font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.</font></p>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="50%">&nbsp;</td>
    <td colspan="2"><font size="2" face="serif">MIVA, Inc.</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td><font size="2" face="serif">Date: July 14, 2006</font></td>
    <td><font size="2" face="serif">By:</font></td>
    <td><font size="2" face="serif"><u>/s/ Peter Corrao&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><font size="2" face="serif">Peter Corrao</font><br>
    <font size="2" face="serif">Chief Executive Officer</font></td>
  </tr>
</table>
<p align="left"><font size="2" face="serif"></font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
<p align="center"><font face="serif" size="2">4</font></p>
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<a name="p?"></a>
<p>&nbsp;</p>
<p align="center"><font size="2" face="serif"><b>EXHIBIT INDEX</b></font></p>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td><font size="2" face="serif"><i>Exhibit No</i>.</font></td>
    <td align="center"><font size="2" face="serif"><i>Description</i></font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="15%" valign="top"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1</font></td>
    <td><font size="2" face="serif">Executive Employment Agreement with Subhransu
        Brian Mukherjee, dated July 13, 2006.</font></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99.1</font></td>
    <td><font size="2" face="serif">Press Release, dated July 13, 2006, entitled &#8220;MIVA
        Names S. Brian Mukherjee Senior Vice President North America.&#8221;</font></td>
  </tr>
</table>
<p align="center">&nbsp;</p>
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Prepared and filed by St Ives Financial
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:  July 13, 2006
MIVA, Inc.
(Exact Name of Registrant as specified in its charter)
Delaware
0-30428
88-0348835
(State or other
(Commission File No.)
(IRS Employer
jurisdiction of
Identification Number)
incorporation or
organization)
5220 Summerlin Commons Boulevard
Fort Myers, Florida  33907
(239) 561-7229
(Address, including zip code, and telephone number
including area code of Registrant's
principal executive offices)
(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 1.01. Entry into a Material
      Definitive Agreement.
On July 13, 2006, MIVA, Inc. (the "Company") and Mr. Subhransu Brian Mukherjee entered into an Executive Employment Agreement, pursuant to which Mr. Mukherjee will serve as Senior Vice President North America of the Company, effective as of July 13, 2006.  The Agreement has an initial term of one (1) year and automatically renews for subsequent one (1) years terms thereafter, subject to earlier termination as provided for in the Agreement.  The Agreement provides for an annual base salary of $265,000, which may be increased at the discretion of the Company's Board of Directors.  Mr. Mukherjee is eligible to receive an annual bonus ranging from 0% to 50% of his annual base salary, with a target bonus
of 25% of his annual base salary.  The bonus is based 50% upon Mr. Mukherjee meeting certain individual performance objectives and 50% upon the Company meeting certain performance objectives.  For the fiscal year ending December 31, 2006, the annual bonus, if any, will be pro-rated based on the number of months Mr. Mukherjee has been with the Company.  Mr. Mukherjee was also granted options to purchase 100,000 shares of the Company's common stock as of July 13, 2006 at a price of $2.93 per share.  The options vest at the rate of 25% per year on each anniversary of the date of grant.  Notwithstanding the vesting schedule described above, the Agreement provides that such options will vest on an accelerated basis if Mr. Mukherjee is terminated by the Company without "Cause"
(as defined in the Executive Employment Agreement) or if Mr. Mukherjee terminates his employment with the Company for "Good Reason" (as defined in the Executive Employment Agreement).
Mr. Mukherjee's Agreement with the Company also provides, in addition to some of the benefits outlined above, that in the event of a termination by the Company without "Cause" or a termination by Mr. Mukherjee for "Good Reason," Mr. Mukherjee would be entitled to receive the following: (1) his earned but unpaid basic salary through the termination date, plus a pro rata share of his bonus through the termination date; (2) an amount equal to one times the sum of his basic salary at the time of termination, plus a termination bonus equal to the bonus paid to Mr. Mukherjee during the four fiscal quarters prior to the date of termination, or in the event of a change of control, the bonus paid
to Mr. Mukherjee during the four fiscal quarters prior to the change of control, payable over the twelve month period following termination; (3) any other amounts or benefits owing to Mr. Mukherjee under the then applicable employee benefit, long term incentive or equity plans and programs of the Company, within the terms of such plans, payable over the twelve month period following termination; and (4) benefits (including health, life, disability and pension) as if Mr. Mukherjee were still an employee during the twelve month period following termination. Included in the definition of "good reason," is a period of time from 180 to 210 days following a change of control, as defined in the Agreement, during which Mr. Mukherjee may terminate his employment for any reason.  The
Company has also agreed to reimburse Mr. Mukherjee for his reasonable moving expenses.
Mr. Mukherjee has agreed not to compete with the Company for a period of twelve months following the termination of his employment for any reason.
2
A copy of the Executive Employment Agreement is attached hereto as Exhibit 10.1 and is incorporated herein by reference.  A copy of the press release announcing Mr. Mukherjee's appointment as Senior Vice President North America of the Company is attached hereto as Exhibit 99.1.
Item 9.01.
Financial Statements
      and
Exhibits.
(c) Exhibits.
Exhibit No
.
Description
10.1
Executive Employment Agreement with Subhransu
    Brian Mukherjee, dated July 13, 2006.
99.1
Press Release, dated July 13, 2006, entitled "MIVA
    Names S. Brian Mukherjee Senior Vice President North America."
3
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.
MIVA, Inc.
Date: July 14, 2006
By:
/s/ Peter Corrao
Peter Corrao
Chief Executive Officer
4
EXHIBIT INDEX
Exhibit No
.
Description
10.1
Executive Employment Agreement with Subhransu
        Brian Mukherjee, dated July 13, 2006.
99.1
Press Release, dated July 13, 2006, entitled "MIVA
        Names S. Brian Mukherjee Senior Vice President North America."