ITEM 1.02. TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT In connection with the resignation of Robert Dimond, the Chief Financial Officer of Registrant, Mr. Dimond's offer letter, which contained certain terms of employment, and the Severance Agreement between Mr. Dimond and the Registrant will terminate effective December 31, 2006, and the Robert Dimond Equity Incentive Plan will be terminated after the expiration of the options granted thereunder. ITEM 5.02. DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS On December 19, 2006, Robert Dimond provided notice of resignation from his position as Chief Financial Officer, effective December 31, 2006. The Registrant will immediately commence a search for a chief financial officer. In the interim, the Finance and Accounting Departments of the Registrant will report directly to Gregory Mays, Chairman of the Board of Registrant and former Chief Financial Officer of Ralphs Grocery Company. A copy of Registrant's press release announcing Mr. Dimond's resignation is attached as Exhibit 99.1 to this current report on Form 8-K. ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits. The following is furnished as an exhibit to this Current Report on Form 8-K: Exhibit 99.1 Press release dated December 20, 2006. 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. Wild Oats Markets, Inc. (Registrant) By: /s/ Freya R. Brier ---------------------- Freya R. Brier Date: December 20, 2006 Executive Officer EXHIBIT INDEX Exhibit No. Description ------------ ----------------------------------------------------------------- Exhibit 99.1 Press Release of Wild Oats Markets, Inc. dated December 20, 2006.