UNITED STATES ~~SECURITIES AND EXCHANGE COMMISSION~~

~~Washington,~~SECURITIES ~~D.C.~~AND ~~20549~~ EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT ~~Pursuant~~ ~~to Section 13 or 15(d) of the Securities Exchange Act of 1934~~ PURSUANT

~~Date~~TO ofSECTION ~~Report~~13 ~~(Date~~OR ~~of Earliest Event Reported~~15(D): ~~December 28,~~OF ~~2007~~ THE

~~SALTON,~~SECURITIES ~~INC.~~ EXCHANGE ACT OF 1934

~~(Exact~~ Date ~~name~~ of ~~Registrant~~report as(Date ~~specified~~of inearliest ~~its~~event ~~charter~~reported) JANUARY 16, 2008

Commission File Number: 0-19557

Salton, Inc.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
0-195557	36-3777824
(Commission File Number)	(I.R.S. Employer Identification No.)

3633 Flamingo Road, Miramar, Florida	33027
(Address of principal executive offices)	(Zip Code)

Delaware		36-3777824
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification Number)

(954) 883-1000

(Registrant’s Telephone Number, Including Area Code)

3633 Flamingo Road, Miramar, Florida		33027
(Address of principal executive offices)		(Zip Code)

NOT APPLICABLE

(Former Name or Former Address, if Changed Since Last Report)

~~Registrant’s~~Check ~~telephone~~the ~~number,~~appropriate ~~including~~box ~~area~~below ~~code:~~if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (~~954~~see General Instruction A.2. below) ~~883-1000~~ :

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:

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)

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~~ ITEM 1.01. Entry into a Material Definitive Agreement.

In connection with his resignation (as discussed below), Salton, Inc. (the ~~consummation~~“Company”) ofentered into a separation agreement (“Separation Agreement”) with William Lutz on January 16, 2008 (the ~~merger~~“Resignation ofDate”) ~~SFP~~that ~~Merger~~will ~~Sub~~become effective on January 24, ~~Inc~~2008 (the “Effective Date”). Pursuant to the Separation Agreement, aMr. ~~Delaware corporation~~Lutz’s employment agreement was terminated and athe ~~wholly~~Company ~~owned~~agreed ~~direct~~to ~~subsidiary~~pay ofhim ~~Salton~~$501,000, ~~with~~(which ~~and~~is ~~into~~the ~~APN~~equivalent ~~Holding~~to ~~Company,~~(18) ~~Inc, a~~months ~~Delaware~~base ~~corporation~~salary), ~~and~~on the ~~parent~~sixth month anniversary of ~~Applica~~the ~~Incorporated~~Effective Date. In addition, during a ~~Florida~~period ~~corporation~~of (18) months following the Resignation Date, ~~Salton entered~~Mr. ~~into:~~ Lutz will receive continued medical benefits. The Separation Agreement also contains release of claims in favor of the Company and restrictive covenants relating to a confidentiality provision.

	(i)		a Third Amended and Restated Credit Agreement dated as of December 28, 2007 (the “First Lien Credit Agreement”) by and among the financial institutions named therein as lenders, Bank of America, N.A., as administrative agent and collateral agent, Salton and each of Salton’s subsidiaries identified on the signature pages thereof as borrowers and each of Salton’s subsidiaries identified on the signature pages thereof as guarantors, that provides for a 5-year $200 million revolving credit facility, and
	(ii)		a Term Loan Agreement dated as of December 28, 2007 (the “Second Lien Credit Agreement”) by and among the financial institutions named therein as lenders, Harbinger Capital Partners Master Fund I, Ltd., as administrative agent and collateral agent, Salton and each of Salton’s subsidiaries identified on the signature pages thereof as borrowers and each of Salton’s subsidiaries identified on the signature pages thereof as guarantors, that provided for a 5-year $110 million term loan facility.

The foregoing is only a summary of certain terms of the Separation Agreement, a copy of which is attached as Exhibit 99.1 to this report and is incorporated by reference herein.

~~Each~~ITEM of1.02. ~~the~~Termination ~~First~~of ~~Lien~~a ~~Credit~~Material ~~Agreement~~Definitive ~~and the Second Lien Credit~~ Agreement ~~contains representations and covenants that are typical for financings of this type~~.

~~Harbinger~~Pursuant ~~Capital~~to ~~Partners~~the ~~Master~~Separation ~~Fund~~Agreement Idescribed above, ~~Ltd.~~the ~~and~~employment ~~its~~agreement ~~affiliates~~dated ~~beneficially~~December ~~own approximately~~10, ~~92%~~2005, ofas ~~the~~amended ~~outstanding~~September ~~shares~~4, of2007, ~~Salton~~between ~~common~~the ~~stock~~Company and ~~all~~Mr. ofLutz ~~the~~was ~~outstanding shares of Salton’s Series D Nonconvertible (Non-Voting) Preferred Stock~~terminated.

~~Item 9~~ITEM 5.0102. ~~Financial~~Departure ~~Statements~~of ~~and~~Directors ~~Exhibits.~~ or Principal Officers; Election of Directors; Appointment of Principal Officers

(b) As previously reported on a Form 8-K filed by the Company on December 31, 2007, on December 28, 2007 the Company completed its acquisition of APN Holding Company, Inc.(“APN”). As a result, Harbinger Capital Partners Master Fund I, Ltd. and Harbinger Capital Partners Special Situations Fund, L.P., which were the sole stockholders of APN, became the controlling stockholders of the Company, owning approximately 92% of the outstanding shares of the Company’s common stock. In connection with the acquisition described above, Mr. Terry L. Polistina was appointed as Chief Executive Officer of the Company. On January 16, 2008 Mr. Lutz voluntarily resigned from all offices and titles he has held with the Company.

ITEM 9.01.

Financial Statements and Exhibits.

(d)

Exhibits.

• A copy of Third Amended and Restated Credit Agreement among Salton, Inc., each of its subsidiaries party thereto, each of the lenders party thereto, and Bank of America, N.A., as agent, dated December 28, 2007 is attached as Exhibit 10.1 to this Current Report on Form 8-K. • A copy of the Second Amended and Restated Security Agreement among Salton, Inc., each of its subsidiaries party thereto, and Bank of America, N.A., as agent, dated December 28, 2007 is attached as Exhibit 10.2 to this Current Report on Form 8-K. • A copy of the Second Amended and Restated Stock Pledge Agreement among Salton, Inc., each of its subsidiaries party thereto, and Bank of America, N.A., as agent, dated December 28, 2007 is attached as Exhibit 10.3 to this Current Report on Form 8-K.

EXHIBIT NO.		DESCRIPTION
	99.1	Separation Agreement and General Release dated
		January 16, 2008 between Salton, Inc. and William Lutz

2 SIGNATURES

• A copy of the Term Loan Agreement by and among Salton, Inc., each of its subsidiaries party thereto, each of the lenders party thereto, and Harbinger Capital Partners Master Fund I, Ltd., as administrative agent and collateral agent for the lenders, dated December 28, 2007 is attached as Exhibit 10.4 to this Current Report on Form 8-K. • A copy of the Amended and Restated Security Agreement among Salton, Inc., each of its subsidiaries party thereto, and Harbinger Capital Partners Master Fund I, Ltd., as agent, dated December 28, 2007 is attached as Exhibit 10.5 to this Current Report on Form 8-K. • A copy of the Amended and Restated Pledge Agreement among Salton, Inc., each of its subsidiaries party thereto, and Harbinger Capital Partners Master Fund I, Ltd., as agent, dated December 28, 2007 is attached as Exhibit 10.6 to this Current Report on Form 8-K.

SIGNATURE

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.

Date: January 4, 2008	Salton, Inc.
	By:	/s/ Terry Polistina
		Terry Polistina
		Chief Executive Officer and President

January 23, 2008

4 SALTON, INC. By: /s/ Lisa R. Carstarphen Name: Lisa R. Carstarphen Title: Vice President, General Counsel and Corporate Secretary

~~Exhibit Index~~ EXHIBIT INDEX

Exhibit No.		Description
10.1		Third Amended and Restated Credit Agreement among Salton, Inc., each of its subsidiaries party thereto, each of the lenders party thereto, and Bank of America, N.A., as agent, dated December 28, 2007
10.2		Second Amended and Restated Security Agreement among Salton, Inc., each of its subsidiaries party thereto, and Bank of America, N.A., as agent, dated December 28, 2007
10.3		Second Amended and Restated Stock Pledge Agreement among Salton, Inc., each of its subsidiaries party thereto, and Bank of America, N.A., as agent, dated December 28, 2007
10.4		Term Loan Agreement by and among Salton, Inc., each of its subsidiaries party thereto, each of the lenders party thereto, and Harbinger Capital Partners Master Fund I, Ltd., as administrative agent and collateral agent for the lenders, dated December 28, 2007
10.5		Amended and Restated Security Agreement among Salton, Inc., each of its subsidiaries party thereto, and Harbinger Capital Partners Master Fund I, Ltd., as agent, dated December 28, 2007
10.6		Amended and Restated Pledge Agreement among Salton, Inc., each of its subsidiaries party thereto, and Harbinger Capital Partners Master Fund I, Ltd., as agent, dated December 28, 2007

EXHIBIT

5 NUMBER DESCRIPTION

	99.1	Separation Agreement and General Release dated January 16, 2008 between
		Salton, Inc. and William Lutz

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