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Prepared and filed by St Ives Financial
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</table><p align="center"><font size="4" face="serif"><b>UNITED STATES<br>
</b></font><font size="4" face="serif"><b>SECURITIES AND EXCHANGE COMMISSION<br>
</b></font><font size="2" face="serif"><b>Washington, D.C.  20549</b></font></p>
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<p align="center"><font size="4" face="serif"><b>FORM 8-K</b></font></p>
<p align="center"><font size="2" face="serif"><b>CURRENT REPORT<br>
</b></font><font size="2" face="serif"><b>PURSUANT TO SECTION 13 or 15(d) OF<br>
</b></font><font size="2" face="serif"><b>THE SECURITIES EXCHANGE ACT OF 1934</b></font></p>
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<p align="center"><font size="2" face="serif"><b>Date of Report:  January 5, 2006</b></font></p>
<p align="center"><b><font face="serif" size="5">MIVA, Inc.<br>
</font></b><font size="2" face="serif"><b>(Exact Name of Registrant as specified in its charter)</b></font></p>
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    <td width="30%"><font size="2" face="serif">Delaware</font></td>
    <td width="5%">&nbsp;</td>
    <td width="30%"><font size="2" face="serif">&nbsp;0-30428</font></td>
    <td width="5%">&nbsp;</td>
    <td><font size="2" face="serif">88-0348835</font></td>
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    <td><font size="2" face="serif"><b>(State or other jurisdiction of<br>
    incorporation or organization)</b></font></td>
    <td>&nbsp;</td>
    <td><font size="2" face="serif"><b>(Commission File No.)</b></font></td>
    <td>&nbsp;</td>
    <td><font size="2" face="serif"><b>&nbsp;(IRS Employer<br>Identification Number)</b></font></td>
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<p align="center"><font size="2" face="serif">5220 Summerlin Commons Boulevard<br>
</font><font size="2" face="serif">Fort Myers, Florida  33907<br>
</font><font size="2" face="serif">(239) 561-7229</font><br>
<font size="2" face="serif"><b>(Address, including zip code, and telephone number<br>
</b></font><font size="2" face="serif"><b>including
area code of Registrant&#146;s<br>
</b></font><font size="2" face="serif"><b>principal executive offices)</b></font></p>
<p align="center"><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>
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    <td><font size="2" face="serif">Written communications pursuant to Rule 425
    under the Securities Act (17 CFR 230.425)</font></td>
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    <td><font size="2" face="serif">Soliciting material pursuant to Rule 14a-12
    under the Exchange Act (17 CFR 240.14a-12)</font></td>
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    <td><font size="2" face="serif">Pre-commencement communications pursuant
    to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></td>
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    <td><font size="2" face="serif">Pre-commencement communications pursuant
    to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></td>
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<p align="left"><font size="2" face="serif"><b>Item 1.01. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Entry into a Material Definitive Agreement.</b></font></p>
<p align="left"><font size="2" face="serif"><b>2006 Bonus Plan</b></font></p>
<p align="left"><font size="2" face="serif">On January 5, 2006, the Compensation Committee of the Board of Directors of MIVA, Inc. (the &#147;Company&#148;) adopted the Company&#146;s 2006 Bonus Plan (the &#147;Bonus Plan&#148;), which provides for the payment of cash bonuses to employees of the Company and its subsidiaries, including the Company&#146;s executive officers.  Bonus payouts to certain executive officers, including the Chief Executive Officer, under the Bonus Plan are based on achievement of corporate and personal performance objectives for the fiscal year ended December 31, 2006, and to other executive officers and employees are based on achievement of corporate, divisional and personal performance objectives for the 2006 fiscal year or an interim period.  The target
pool for payment of bonuses under the Bonus Plan to employees of the Company and its subsidiaries, including its executive officers, is $6.8 million, based on the Company&#146;s personnel as of December 31, 2005.  The amount for each individual may be increased or decreased based on over- or under-achievement of objectives, and the total target pool may be increased or decreased based on changes in personnel during the course of 2006.  Under the Bonus Plan, bonus payouts to executive officers range from 0 to 200% of the individual&#146;s target bonus amount depending on the achievement of performance objectives for the fiscal year.  Any bonus payouts to executive officers would be made on an annual basis, and for other employees would be made on a quarterly, semi-annual or annual basis
depending on the circumstances.</font></p>
<p align="left"><font size="2" face="serif">The following table sets forth the target bonus amount for 2006 for each of the named executive officers of the Company (as anticipated to be named in the Company&#146;s proxy statement in 2006) under the Bonus Plan, assuming achievement of 100% of the target goals, and the actual bonus for 2005 for each such named executive officer:</font></p>
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<td align="center" valign="bottom"><u><font size="2" face="serif">Executive Officer</font></u></td>
<td width="22%" align="center" valign="bottom"><u><font size="2" face="serif">Position</font></u></td>
<td width="22%" align="center"><u><font size="2" face="serif">2006 Target</font><br>
    <font size="2" face="serif">Bonus Amount</font></u></td>
<td width="22%" align="center"><u><font size="2" face="serif">Actual 2005</font><br>
    <font size="2" face="serif">Bonus Amount</font></u></td>
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<td align="left"><font size="2" face="serif">&nbsp;</font></td>
<td align="left"><font size="2" face="serif">&nbsp;</font></td>
<td align="left"><font size="2" face="serif">&nbsp;</font></td>
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<td align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;Craig Pisaris-Henderson</font></td>
<td align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;Chairman and CEO</font></td>
<td align="center"><font size="2" face="serif"> $147,000</font></td>
<td align="center"><font size="2" face="serif">$0</font></td>
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<td align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;Phillip Thune</font></td>
<td align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;President</font></td>
<td align="center"><font size="2" face="serif"> $108,000</font></td>
<td align="center"><font size="2" face="serif">$0</font></td>
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<td align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;Sebastian Bishop</font></td>
<td align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;Chief Marketing Officer</font></td>
<td align="center"><font size="2" face="serif"> $103,000</font></td>
<td align="center"><font size="2" face="serif">$0</font></td>
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<td align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;David Rae</font></td>
<td align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;Chief Strategy Officer</font></td>
<td align="center"><font size="2" face="serif">$&nbsp; 74,000</font></td>
<td align="center"><font size="2" face="serif">$0</font></td>
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<td align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;John Pisaris</font></td>
<td align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;General Counsel</font></td>
<td align="center"><font size="2" face="serif">$&nbsp; 71,000</font></td>
<td align="center"><font size="2" face="serif">$0</font></td>
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<p align="center"><font face="serif" size="2">2</font></p>
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<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>
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    <td><font size="2" face="serif">&nbsp;MIVA, Inc.</font></td>
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    <td>&nbsp;</td>
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    <td><font size="2" face="serif">Date: January 11, 2006</font></td>
    <td><font size="2">By:</font></td>
    <td><font size="2">/s/ Craig A. Pisaris-Henderson</font></td>
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    <td><font size="2" face="serif">Craig A. Pisaris-Henderson</font></td>
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    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td><font size="2" face="serif">Chairman and Chief Executive Officer</font></td>
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<p align="center"><font face="serif" size="2">3</font></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:  January 5, 2006
MIVA, Inc.
(Exact Name of Registrant as specified in its charter)
Delaware
0-30428
88-0348835
(State or other jurisdiction of
incorporation or organization)
(Commission File No.)
(IRS Employer
Identification Number)
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.
2006 Bonus Plan
On January 5, 2006, the Compensation Committee of the Board of Directors of MIVA, Inc. (the "Company") adopted the Company's 2006 Bonus Plan (the "Bonus Plan"), which provides for the payment of cash bonuses to employees of the Company and its subsidiaries, including the Company's executive officers.  Bonus payouts to certain executive officers, including the Chief Executive Officer, under the Bonus Plan are based on achievement of corporate and personal performance objectives for the fiscal year ended December 31, 2006, and to other executive officers and employees are based on achievement of corporate, divisional and personal performance objectives for the 2006 fiscal year or an interim period.  The target
pool for payment of bonuses under the Bonus Plan to employees of the Company and its subsidiaries, including its executive officers, is $6.8 million, based on the Company's personnel as of December 31, 2005.  The amount for each individual may be increased or decreased based on over- or under-achievement of objectives, and the total target pool may be increased or decreased based on changes in personnel during the course of 2006.  Under the Bonus Plan, bonus payouts to executive officers range from 0 to 200% of the individual's target bonus amount depending on the achievement of performance objectives for the fiscal year.  Any bonus payouts to executive officers would be made on an annual basis, and for other employees would be made on a quarterly, semi-annual or annual basis
depending on the circumstances.
The following table sets forth the target bonus amount for 2006 for each of the named executive officers of the Company (as anticipated to be named in the Company's proxy statement in 2006) under the Bonus Plan, assuming achievement of 100% of the target goals, and the actual bonus for 2005 for each such named executive officer:
Executive Officer
Position
2006 Target
Bonus Amount
Actual 2005
Bonus Amount
Craig Pisaris-Henderson
Chairman and CEO
$147,000
$0
Phillip Thune
President
$108,000
$0
Sebastian Bishop
Chief Marketing Officer
$103,000
$0
David Rae
Chief Strategy Officer
$  74,000
$0
John Pisaris
General Counsel
$  71,000
$0
2
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: January 11, 2006
By:
/s/ Craig A. Pisaris-Henderson
Craig A. Pisaris-Henderson
Chairman and Chief Executive Officer
3