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 (Date of earliest event reported): March 9, 2007

                               STEVEN MADDEN, LTD.
             (Exact name of registrant as specified in its charter)


           Delaware                       000-23702               13-3588231
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 (State or other jurisdiction       (Registration Number)       (IRS Employer
      of incorporation)                                      Identification No.)

52-16 Barnett Avenue, Long Island City, New York                  11104
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    (Address of principal executive offices)                    (Zip Code)

       Registrant's telephone number, including area code: (718) 446-1800


         --------------------------------------------------------------
         (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:

[ ] 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 March 9, 2007, Steven Madden, Ltd. (the "Company") and Robert Schmertz
executed an Employment Agreement (the "Employment Agreement"), which extended
the term of Mr. Schmertz's employment with the Company until December 31, 2009
and otherwise further amended the employment agreement, dated as of May 11,
2005, by and between the Company and Robert Schmertz. Attached hereto and
incorporated herein by reference as Exhibit 10.1 is the Employment Agreement.


ITEM 9.01         FINANCIAL STATEMENTS AND EXHIBITS.

(a) Not applicable

(b) Not applicable

(c) Exhibit 10.1 Employment Agreement between the Company and Robert Schmertz,
    dated March 9, 2007.


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                                    SIGNATURE

         Pursuant to the requirements of the Securities Exchange Act of 1934,
Steven Madden, Ltd. has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.


                                        STEVEN MADDEN, LTD.


                                        By: /s/ AWADHESH SINHA
                                            ------------------------------------
                                            Name:   Awadhesh Sinha
                                            Title:  Chief Operating Officer


Date:  March 12, 2007

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                                  EXHIBIT INDEX


DOC. NO.          DOCUMENT DESCRIPTION

Exhibit 10.1      Employment Agreement between the Company and Robert Schmertz,
                  dated March 9, 2007.

                                       4