-----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, ByDvp79QIWoRHyhpqYGhmGTAYtQ6fIl0KVZwr9E8nkUYHpS3ZxGFMfnG9frFktFp WYNAdXcg6xm5uqV6hcdo1Q== 0000950144-98-002043.txt : 19980226 0000950144-98-002043.hdr.sgml : 19980226 ACCESSION NUMBER: 0000950144-98-002043 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980224 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980225 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: MCM CORP CENTRAL INDEX KEY: 0000275710 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 561171691 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-08678 FILM NUMBER: 98549005 BUSINESS ADDRESS: STREET 1: 702 OBERLIN RD STREET 2: BOX 12317 CITY: RALEIGH STATE: NC ZIP: 27605 BUSINESS PHONE: 9198331600 MAIL ADDRESS: STREET 1: 702 OBERLIN ROAD STREET 2: P O BOX 12317 CITY: RALEIGH STATE: NC ZIP: 27605 8-K 1 MCM CORPORATION 8-K 2-24-98 1 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) February 24, 1998 McM Corporation - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) North Carolina 0-8678 56-1171691 - -------------------------------------------------------------------------------- (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) Box 12317, 702 Oberlin Road Raleigh, North Carolina 27605 - -------------------------------------------------------------------------------- (Address of principal executive office including Zip Code) (919) 833-1600 - -------------------------------------------------------------------------------- (Registrant's telephone number, including area code) 2 Item 5. Other Events. The press release dated February 24, 1998, is incorporated by reference. It is attached to this report as Exhibit 99. Item 7. Exhibits. Exhibit 99 - Press release dated February 24, 1998. 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 thereunto duly authorized. McM Corporation By /s/ Stephen L. Stephano --------------------------- Stephen L. Stephano President Chief Operating Officer Date: February 25, 1998 EX-99 2 PRESS RELEASE DATED 2-24-98 1 [McM Corporation letterhead] RALEIGH, NORTH CAROLINA, FEBRUARY 24, 1998 - FOR IMMEDIATE RELEASE McM Derivative Action Settled McM Corporation, a Raleigh based insurance holding company, announced today that on February 20, 1998, Special Superior Court Judge for Complex Business Cases Ben F. Tennille approved a settlement of the previously disclosed derivative action filed in Guilford County, North Carolina, on September 22, 1997, by shareholders David J. Robinson, Jr. and Jesse Greenfield against the Company, each of its directors, the McMillen Trust and Wilmington Trust Company as trustee of the McMillen Trust. The settlement agreement, executed by all parties to the derivative action, provides that the Company, the current directors, the McMillen Trust and Wilmington Trust Company, as trustee of the McMillen Trust, will use their best efforts to nominate and elect Jesse Greenfield to the McM Board of Directors at McM's 1998 annual shareholders' meeting. The settlement agreement also contains provisions for nominal monetary concessions by the Plaintiffs and the Company and mutual releases between all parties. FOR MORE INFORMATION, CONTACT: Mr. George E. King, Chairman and CEO McM Corporation (919) 833-1600 -----END PRIVACY-ENHANCED MESSAGE-----