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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): August 21, 1999
ASCENT ENTERTAINMENT GROUP, INC.
(Exact name of registrant as specified in its charter)
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Delaware 0-27192 52-1930707
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File No.) Identification No.)
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1225 Seventeenth Street, Suite 1800
Denver, Colorado 80202
(Address of principal executive offices)
(303) 308-7000
(Registrant's telephone number, including area code)
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Item 5. Other Events
On August 21, 1999, the Board of Directors of Ascent Entertainment Group,
Inc., accepted Charles Lyons' resignation from his position as President, CEO,
Chairman and Director of Ascent, and as director of On Command Corporation. The
Board also unanimously approved a mutual agreement that amicably resolves all
actual and potential disputes between the Company and Mr. Lyons through the
date of the mutual agreement. Ascent will pay Mr. Lyons a severance package of
$3.6 million, which includes all vested entitlements.
Charles Neinas will continue to act as Chairman and CEO of Ascent.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Ascent Entertainment Group, Inc.
By: /s/ David A. Holden
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David A. Holden
Vice President, Finance and Controller
Date: August 23, 1999
