-----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, WCPb/TB53qXBpryueatIlPa5tlgyOtLoF9H61Vp/Ux1ktaVcV+XL1MSKcswJFqZw DpQObxJjJ1V5M4N6ra8CTQ== 0001017062-99-001017.txt : 19990520 0001017062-99-001017.hdr.sgml : 19990520 ACCESSION NUMBER: 0001017062-99-001017 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990518 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990519 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CREATIVE COMPUTERS INC CENTRAL INDEX KEY: 0000937941 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CATALOG & MAIL-ORDER HOUSES [5961] IRS NUMBER: 954518700 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-25790 FILM NUMBER: 99630086 BUSINESS ADDRESS: STREET 1: 2645 MARICOPA ST CITY: TORRENCE STATE: CA ZIP: 90503 BUSINESS PHONE: 3107874500 MAIL ADDRESS: STREET 1: 2645 MARICOPA ST CITY: TORRENCE STATE: CA ZIP: 90503 8-K 1 FORM 8-K DATED MAY 18, 1999 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: May 18, 1999 CREATIVE COMPUTERS, INC. ------------------------ (Exact Name of Registrant as Specified in its Charter) Delaware -------- (State or Other Jurisdiction of Incorporation or Organization) 0-25790 95-4518700 ------- ---------- (Commission File Number) (I.R.S. Employer Identification No.) 2555 West 190th Street Torrance, California 90504 --------------------------- (Address of Principal Executive Offices) (Zip Code) (310) 354-5600 -------------- (Registrant's telephone number, including area code) Item 5. Other Events. The information set forth in the Registrant's news release dated May 18, 1999 is incorporated herein by reference. Item 7. Financial Statements and Exhibits. (c) Exhibits 99.1 Text of Press Release dated May 18, 1999. 2 SIGNATURE 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. CREATIVE COMPUTERS, INC. Date: May 18, 1999 By: /s/ Ted Sanders ---------------------------- Ted Sanders Chief Financial Officer (Principal Financial Officer) Index to Exhibits Exhibit Description - ------- ----------- 99.1 Text of Press Release dated May 18, 1999 EX-99.1 2 PRESS RELEASE DATED MAY 18, 1999 EXHIBIT 99.1 FOR IMMEDIATE RELEASE CREATIVE COMPUTERS, INC. SETS TIMING FOR SPIN-OFF OF UBID, INC. TORRANCE, CA, May 18, 1999 -- Creative Computers, Inc. (NASDAQ: MALL) today announced that its board of directors has declared a distribution to its stockholders of all of the 7,329,883 shares of uBid, Inc. (NASDAQ: UBID) owned by Creative. The distribution is intended to be a tax-free spin-off and is payable on June 7, 1999 to stockholders of record as of May 24, 1999. The number of uBid shares to be distributed for each share of Creative Computers stock will be determined based on the number of Creative shares outstanding on the record date. Based on the number of shares of Creative common stock currently outstanding, Creative stockholders would receive approximately 0.7 of a share of uBid common stock for each share of Creative common stock held on the record date. Completion of the distribution remains subject to certain conditions set forth in the Separation and Distribution Agreement previously entered into between Creative and uBid. About Creative Computers Creative Computers, Inc. is a leading direct marketer of personal computers and related products. The Company offers over 55,000 products to its customers. The Company creates demand for its products through its distinctive, full-color PC Mall, MacMall and ComputAbility catalogs, out-bound marketing, Internet marketing and its web sites, and other promotional materials. The Company's staff of over 400 knowledgeable sales executives, telemarketing, customer service and technical support personnel work together to provide high-level customer service and gain customer loyalty. Creative also sells computers, computer-related products and consumer electronics, from a variety of leading manufacturers, in an Internet auction format, through the Company's majority- owned subsidiary, uBid, Inc. uBid's web site is located at http://www.ubid.com. Customers may call PC Mall sales at 800/555-MALL, MacMall sales at 800/222-2808, and ComputAbility sales at 800/558-0003, or shop Creative on the Internet at http://www.pcmall.com, http://www.macmall.com, http://www.ubid.com, http://www.computability.com or http://www.ecost.com. Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements. The realization of any or all of these expectations is subject to a number of risks and uncertainties and it is possible that the assumptions made by management may not materialize. There can be no assurance that the conditions to the spin-off of uBid will be satisfied on a timely basis or at all. In addition to the factors set forth above, other important factors that could cause actual results to differ materially from our expectations are set forth in the in the Company's SEC reports, including but not limited to those set forth in the section entitled "Certain Factors Affecting Future Results" in its Annual Report on Form 10-K for 1998. CONTACT: Creative Computers, Inc., Torrance, CA Frank Khulusi, CEO or Ted Sanders, CFO: 310/354-5600 -----END PRIVACY-ENHANCED MESSAGE-----