Items under Sections 1 through 4 and 6 though 8 are not applicable and therefore omitted.

On November 4, 2009, the Board of Directors of Rimage Corporation (the “Company”) appointed Sherman Black as the Company’s President and Chief Executive Officer effective January 1, 2010. The Board also elected Mr. Black to serve as a member of the Board effective January 1, 2010. The Company and Mr. Black entered into a letter agreement dated November 4, 2009 with Mr. Black relating to his service as Chief Executive Officer.

In connection with his appointment to the position of Chief Executive Officer, the letter agreement provides that Mr. Black’s base salary will be $375,000 for 2010 and he will have an opportunity to earn a cash bonus equal to 60% of his base salary under the Company’s cash bonus program for executive officers to be established by the Compensation Committee for 2010. Also effective January 1, 2010, he will receive a non-qualified option to purchase 50,000 shares of the Company’s common stock as a one-time promotion award. The option will be granted under the Company’s 2007 Amended and Restated Stock Incentive Plan and will also be subject to the Company’s standard form of option agreement. A copy of the letter agreement is attached hereto as Exhibit 10.1.

As a part of the Company’s ongoing succession planning process, Mr. Black will succeed Mr. Bernard P. Aldrich who has been the Company’s Chief Executive Officer and a director since 1996. On November 4, 2009, the Company and Mr. Aldrich entered into a Separation and Release Agreement (the “Separation Agreement”) that governs the terms of Mr. Aldrich’s service through December 31, 2009 and post-termination compensation. The Separation Agreement supersedes the Amended and Restated Severance/Change in Control Letter Agreement dated December 22, 2008 between Mr. Aldrich and the Company (the “Prior Agreement”). A copy of the Separation Agreement is attached hereto as Exhibit 10.2.

Pursuant to the Separation Agreement, Mr. Aldrich will continue as the Company’s Chief Executive Officer and as a director through December 31, 2009, at which time he will cease serving in both positions. The Compensation Committee of the Board designed the Separation Agreement to provide Mr. Aldrich with benefits substantially similar to that under the Prior Agreement as if he were terminated without cause, while providing enhanced benefits designed to recognize that Mr. Aldrich’s efforts were instrumental in identifying and hiring Mr. Black. Through Mr. Aldrich’s efforts, the Company has avoided the use of a third party executive search firm and the time and expenses associated with that process. Mr. Aldrich's support of Mr. Black has also allowed the Company to provide for an orderly transition of the responsibilities of the Chief Executive Officer. As with the Prior Agreement, Mr. Aldrich will provide the Company with a full release of claims and continue to be bound by a covenant not to compete. In consideration of these factors and the agreements by Mr. Aldrich in the Separation Agreement, the Separation Agreement provides that Mr. Aldrich will receive a lump sum severance payment of $576,000 within 5 days after all rescission periods with respect to Mr. Aldrich’s release of claims have expired, the Company will pay the employer's portion of COBRA coverage for a period of 18 months (approximately $10,000), and will pay Mr. Aldrich a lump sum payment at the end of that time of $50,000 to defray the costs of personal insurance. Also as with the Prior Agreement, any options held by Mr. Aldrich will continue on their current terms without modification. The Company anticipates that the expense associated with the Separation Agreement will be recognized in the fourth quarter of fiscal year 2009.