-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JbRueJv965lVMyiPXc25doKxrzraf9tDrAEvtbtQYB7iUDVJMnDJGgbRRLv/sJNM E3xv6m5hmzBRlKRCKsin9g== /in/edgar/work/20000726/0000927016-00-002591/0000927016-00-002591.txt : 20000921 0000927016-00-002591.hdr.sgml : 20000921 ACCESSION NUMBER: 0000927016-00-002591 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000726 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BE FREE INC CENTRAL INDEX KEY: 0001084866 STANDARD INDUSTRIAL CLASSIFICATION: [7374 ] IRS NUMBER: 043303188 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: SEC FILE NUMBER: 333-37776 FILM NUMBER: 679472 BUSINESS ADDRESS: STREET 1: 154 CRANE MEADOW RD SUITE 100 CITY: MARLBOROUGH STATE: MA ZIP: 01752 BUSINESS PHONE: 5083578888 MAIL ADDRESS: STREET 1: BE FREE INC STREET 2: 154 CRANE MEADOW ROAD CITY: MARLBOROUGH STATE: MA ZIP: 01752 424B3 1 0001.txt PROSPECTUS SUPPLEMENT Filed Pursuant to Rule 424(b)(3) Registration Statement No. 333-37776 PROSPECTUS SUPPLEMENT NO. 1 (TO PROSPECTUS DATED JUNE 26, 2000) BE FREE, INC. This Prospectus Supplement No. 1 supplements our Prospectus dated June 26, 2000 with respect to the filing on July 26, 2000 of a Current Report on Form 8-K regarding our financial results for our fiscal quarter ended June 30, 2000, as announced by us on July 26, 2000. Any statement contained in the Prospectus shall be deemed to be modified or superceded to the extent that information in this Prospectus Supplement modifies or supersedes such statement. Any statement that is modified or superseded shall not be deemed to constitute a part of the Prospectus except as modified or superseded by this Prospectus Supplement. This Prospectus Supplement should be read in conjunction with, and may not be delivered or utilized without, the Prospectus. _______________________ Prospectus Supplement No. 1, dated July 26, 2000 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): July 26, 2000 (July 26, 2000) ----------------------------- BE FREE, INC. (Exact name of registrant as specified in its charter) Delaware 000-27271 04-3303188 -------- --------- ---------- (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) 154 Crane Meadow Road, Marlborough, MA 01752 -------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (508) 480-4000 ---------------- Not Applicable -------------- (Former name or former address, if changed since last report) Item 5. Other Events Be Free, Inc. (the "Company") is hereby filing this Current Report on Form 8-K regarding the Company's announcement on July 26, 2000 of the following financial results for its fiscal quarter ended June 30, 2000:
BE FREE, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (Amounts in thousands except share amounts) Unaudited THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, 2000 1999 2000 1999 Revenue: Performance marketing services $ 4,320 $ 863 $ 7,949 $ 1,396 -------- ------- -------- ------- Total revenue 4,320 863 7,949 1,396 Operating expenses: Cost of revenue 852 137 1,455 238 Sales and marketing 4,746 2,085 8,305 3,350 Client Services 1,798 677 3,325 1,146 Development and engineering 2,729 920 4,297 1,482 General and administrative 1,755 503 2,931 854 Equity related compensation 388 503 660 953 Merger related expenses 13,754 - 19,103 - -------- ------- -------- ------- Total operating expenses 26,022 4,825 40,076 8,023 Operating loss (21,702) (3,962) (32,127) (6,627) Interest income (expense), net 2,584 48 3,665 (168) -------- ------- -------- ------- Net loss (19,118) (3,914) (28,462) (6,795) Accretion of preferred stock to redemption value - (604) - (701) -------- ------- -------- ------- Net loss attributable to common stockholders $(19,118) $(4,518) $(28,462) $(7,496) ======== ======= ======== ======= Basic and diluted net loss per $(0.31) $(0.36) $(0.49) $(0.59) share Shares used in computing basic and diluted net loss per share 61,963 12,670 58,243 12,644 - ------------------------------------------------------------------------------------------------------------------------------ Supplemental Data: Net loss attributable to common stockholders $(19,118) $(4,518) $(28,462) $(7,496) Equity related compensation 388 503 660 953 Merger related charges 13,754 - 19,103 - Accretion of preferred stock to redemption value - 604 - 701 -------- ------- -------- ------- Adjusted net loss $ (4,976) $(3,411) $ (8,699) $(5,842) ======== ======= ======== ======= Supplemental net loss per $(0.08) $(0.27) $(0.15) $(0.46) share Shares used in computing supplemental net loss per share 61,963 12,670 58,243 12,644
BE FREE, INC. CONSOLIDATED BALANCE SHEETS (AMOUNTS IN THOUSANDS) Unaudited
JUNE 30, DECEMBER 31, 2000 1999 ASSETS Current assets: Cash, cash equivalents and marketable securities $120,958 $71,738 Accounts receivable, net of allowance for doubtful accounts 3,251 1,328 Prepaid expenses and other current assets 3,405 1,282 -------- ------- Total current assets 127,614 74,348 Marketable securities 47,561 7,954 Property and equipment, net 15,655 7,967 Intangible assets, net 146,699 - Other assets 1,817 568 -------- ------- Total assets $339,346 $90,837 ======== ======= LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable and accrued expenses 9,645 3,883 Deferred revenue 1,951 943 Current portion of long term debt 2,390 943 -------- ------- Total current liabilities 13,986 5,769 Long-term debt, net of current portion 3,694 2,507 -------- ------- Total liabilities 17,680 8,276 Stockholders' equity 321,666 82,561 -------- ------- Total liabilities and stockholders' equity $339,346 $90,837 ======== =======
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. Date: July 26, 2000 BE FREE, INC. By: /s/ Stephen M. Joseph ------------------------- Stephen M. Joseph Chief Financial Officer and Treasurer -----END PRIVACY-ENHANCED MESSAGE-----