-----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, ILVYMgJHT049r3tRMffZddBtpryLWYN1Exi4HF/IxgrxLu7EE2Kiinsx96k6iENq cxHgqopAR3KKK0paJVXoEw== 0000950144-97-010636.txt : 19971006 0000950144-97-010636.hdr.sgml : 19971006 ACCESSION NUMBER: 0000950144-97-010636 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970926 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19971003 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: 97690330 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 9-26-1997 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) September 26, 1997 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 September 26, 1997, is incorporated by reference. It is attached to this report as Exhibit 99. Item 7. Exhibits. Exhibit 99 - Press release dated September 26, 1997. 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: October 3, 1997 EX-99 2 PRESS RELEASE DATED 9-26-1997 1 EXHIBIT 99 [McM CORPORATION LETTERHEAD] RALEIGH, NORTH CAROLINA, SEPTEMBER 26, 1997 -- FOR IMMEDIATE RELEASE McM Derivative Action Filed McM Corporation, a Raleigh-based insurance holding company, today announced that a shareholders' derivative action has been brought against the company, each of its directors, the McMillen Trust, and Wilmington Trust Company as Trustee of the McMillen Trust. Also named as a defendant is McM Acquisition Corporation ("MAC"), an entity formed by Raleigh private investor and real estate developer, M. Roland Britt, in his efforts to acquire the McMillen Trust's shares of McM Corporation. The suit has been filed in the Guilford County Superior Court by David J. Robinson, Jr. and Jesse Greenfield, two shareholders of McM, on behalf of McM shareholders except for the McMillen Trust, owner of 66% of McM's shares. Among other allegations, the suit complains that the Trust, because it owns approximately two thirds of the shares of the corporation, has effectively exercised control of the corporation. It challenges the composition of the McM Board of Directors and the actions of the Board as being controlled by the majority shareholder. The complaint asks that the Court void the action of the Trustee in connection with the McMillen Trust's grant of an option to sell its shares at $6.20 per share to MAC. The suit also complains that the corporation has allowed MAC an exclusive due diligence period which expires by its terms September 29, 1997. The company rejects the claims of the plaintiffs as being invalid and not in the best interests of the corporation and all of its shareholders. FOR MORE INFORMATION, CONTACT: Mr. George E. King, Chairman and CEO McM Corporation (919) 833-1600 -----END PRIVACY-ENHANCED MESSAGE-----