-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, Xn7UmJF3Azq1drl/8ktj+eJXgWBfUmzUP7pppXd4fvn3m/utzZbqb5ZV91ONQqjn xA6wUY/yxtDDHrgG3r3J6A== 0000068813-94-000031.txt : 19940701 0000068813-94-000031.hdr.sgml : 19940701 ACCESSION NUMBER: 0000068813-94-000031 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19940617 ITEM INFORMATION: Acquisition or disposition of assets FILED AS OF DATE: 19940617 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MULTIMEDIA INC CENTRAL INDEX KEY: 0000068813 STANDARD INDUSTRIAL CLASSIFICATION: 4833 IRS NUMBER: 570173540 STATE OF INCORPORATION: SC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-06265 FILM NUMBER: 94534615 BUSINESS ADDRESS: STREET 1: 305 SOUTH MAIN ST STREET 2: P O BOX 1688 CITY: GREENVILLE STATE: SC ZIP: 29601 BUSINESS PHONE: 8032984373 MAIL ADDRESS: STREET 1: PO BOX 1688 CITY: GREENVILLE STATE: SC ZIP: 29602 8-K 1 FORM 8-K DATED JUNE 13, 1994 SECURITIES AND EXCHANGE COMMISSION Washington, DC 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): June 13, 1994 MULTIMEDIA, INC. ------------------------------------------------------ (Exact name of registrant as specified in its charter) South Carolina ---------------------------------------------- (State or other jurisdiction of incorporation) 0-6265 57-0173540 - - - ---------------------- --------------------------------- Commission File Number (IRS Employer Identification No.) 305 South Main Street, Greenville, South Carolina 29601 - - - ------------------------------------------------- ----------- (Address of principal executive offices) Zip Code (803) 298-4373 ----------------------------- Registrant's Telephone Number ITEM 5. OTHER EVENTS. On June 13, 1994, the Company announced the intention of Walter E. Bartlett to retire as the Company's Board Chairman and Chief Executive Officer. The nominating committee recommended that Donald D. Sbarra, Senior Vice-President of the Company, be elected to succeed Mr. Bartlett. The Company will continue the interview process to determine a President and Chief Operating Officer for the Company. On June 16, 1994, the Board of Directors of the Company elected Donald D. Sbarra as Chairman and Chief Executive Officer of the Company. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (C) Exhibits 20.1 Press release dated June 13, 1994. 20.2 Press release dated June 16, 1994. 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. MULTIMEDIA, INC. Dated: June 17, 1994 By: Signature of Robert E. Hamby, Jr. appears here ---------------------------------------------- Robert E. Hamby, Jr. Senior Vice President and Chief Financial Officer Dated: June 17,1994 By: Signature of Thomas L. Magaha appears here ---------------------------------------------- Thomas L. Magaha Vice President Finance & Development/Controller EX-20.1 2 PRESS RELEASE ANNOUNCING BARTLETT'S RETIREMENT BARTLETT TO RETIRE AS MULTIMEDIA CHAIRMAN AND CEO GREENVILLE, SC - June 13, 1994 -- Multimedia, Inc. today announced the intention of Walter E. Bartlett to retire as the Company's Board Chairman and Chief Executive Officer. The Board's nominating committee has recommended that Donald D. Sbarra, Senior Vice President of the Company, be elected to succeed Mr. Bartlett. The Board is expected to give favorable consideration to the action of the committee at a meeting scheduled for Thursday, June 16. According to a spokesman for the nominating committee, Bartlett, age 66, has agreed to remain as Senior Consultant to the Board of Directors of Multimedia. Bartlett said when announcing his retirement, "I have recommended Don Sbarra to become Chairman and Chief Executive Officer of Multimedia in what the Board and I plan to be a seamless transition. This is my second retirement as CEO. I had resumed these responsibilities on a temporary basis in December of this past year to prepare us for a management transition. We are now ready for the next step in this process, and I am delighted that Don Sbarra is available for this leadership role. We have begun the interviewing process for President and Chief Operating Officer, and Sbarra, with his experience in operations, will be the perfect mentor for the person chosen for this job." Sbarra commented, "I have greatly valued my association with Walter Bartlett for the last 13 years, and I am grateful for Walter's recommendation and the action of the nominating committee. Walter has done a tremendous job as Chief Executive of the Company since our recapitalization in 1985. He was the guiding force in reducing the Company's debt and creating shareholder value after the recapitalization." Before joining Multimedia in 1976, Bartlett was Senior Vice President of Avco Broadcasting. During his career at Avco, he was responsible for the development of the Phil Donahue talk show. At Multimedia, Bartlett served as President of both the Broadcasting and Entertainment divisions before becoming President and Chief Operating Officer of the parent company in 1981. In 1985 he was elected President and Chief Executive Officer and led the Company after its successful recapitalization in 1985. In 1989 he was elected Chairman of the Board. (cont'd) Sbarra joined Multimedia in 1981 as President of the Cable division. He was elected Senior Vice President of Multimedia in October 1987 and a member of Multimedia's Board of Directors in 1988. In December 1993 Sbarra took the position of Senior Vice President of Operations for Multimedia and has since been responsible for the operating divisions of the Company. Mr. Sbarra is a Director and member of the Executive Committee of the Cable Television Advertising Bureau; a Director of the National Cable Television Association and a member of the association's Copyright Committee; a member of the Board of Directors of C-SPAN cable network; and a Director of Cable in the Classroom, a project of the Cable Alliance for Education. Multimedia, Inc. is a diversified media communications company headquartered in Greenville, SC, which publishes 11 daily and 49 non-daily newspapers, owns and operates five television and five radio stations, operates more than 125 cable television franchises in five states, monitors approximately 58,000 security alarm subscribers, and produces and syndicates quality television programming including DONAHUE, SALLY JESSY RAPHAEL, JERRY SPRINGER and RUSH LIMBAUGH, The Television Show. ### Contact: Markeeta McNatt (803) 298-4819 EX-20.1 3 PRESS RELEASE ANNOUNCING APPOINTMENT OF MR. SBARRA SBARRA ELECTED CHAIRMAN, CEO OF MULTIMEDIA, INC. GREENVILLE, S.C. - JUNE 16, 1994 -- Multimedia, Inc. today announced that its board of directors had elected Donald D. Sbarra as chairman and chief executive officer, effective immediately. Sbarra succeeds Walter E. Bartlett, who had served as the Company's chairman, president and chief executive officer. The Company said on June 13 that Bartlett had indicated his intention to retire and to recommend the election of Sbarra to the board's nominating committee. Sbarra joined Multimedia in 1981 as president of the Cable Division. He was elected senior vice president of the Company in October 1987 and a member of Multimedia's board of directors in 1988. In December 1993 Sbarra took the position of senior vice president of operations for Multimedia and has since been responsible for the operating divisions of the Company. Multimedia, Inc. is a diversified media communications company headquartered in Greenville, S.C., which publishes 11 daily and 49 non-daily newspapers, owns and operates five television and five radio stations, operates more than 125 cable television franchises in five states, monitors approximately 58,000 security alarm subscribers, and produces and syndicates quality television programming including DONAHUE, SALLY JESSY RAPHAEL, JERRY SPRINGER and RUSH LIMBAUGH, The Television Show. Contact: Markeeta McNatt Vice President Investor Relations & Corporate Communications (803) 298-4819 ### -----END PRIVACY-ENHANCED MESSAGE-----