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 6, 1998
SMARTSERV ONLINE, INC.
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(Exact Name of Registrant as Specified in Charter)
DELAWARE 0-28008 13-3750708
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File No.) Identification No.)
One Station Place, Stamford, Connecticut 06902
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (203) 353-5950
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS.
At a meeting of the Board of Directors of SmartServ Online, Inc., a
Delaware corporation (the "Company"), held on February 6, 1998, the Board of
Directors voted to terminate the Company's employment contract with Steven T.
Francesco, the Company's former President. A copy of the Company's press release
dated February 8, 1998 is attached hereto as Exhibit 4.1.
ITEM 7. EXHIBITS.
Exhibit Number Description
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4.1 Press Release dated February 8, 1998.
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<PAGE>
SIGNATURES
Pursuant to the requirement 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.
Dated: February 10, 1998 SMARTSERV ONLINE, INC.
By: /S/ SEBASTIAN E. CASSETTA
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Name: Sebastian E. Cassetta
Title:Chief Executive Officer
and Chairman of the Board
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Exhibit 4.1
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[Letterhead of SmartServ Online]
PRESS RELEASE
Contact: Robert Wick Public Relations, Inc.
(212) 682-0600
(212) 682-3131 (fax)
FOR IMMEDIATE RELEASE
SMARTSERV ONLINE TERMINATES CONTRACT WITH FORMER PRESIDENT
STAMFORD, Conn., Feb. 10, 1998 -- SmartServ Online, Inc. (NASDAQ: SSOL), today
announced that at a board of directors meeting held February 6 the board voted
to terminate its contract with Steven Francesco, former president.
Mr. Francesco's duties will be assumed by Sam Cassetta, chairman and chief
executive officer, and Mario Rossi, vice president of operations.
SmartServ provides customized online information services to the
telecommunications and financial services industries. The company is currently
embarking on a three-year program to provide interactive information services to
customers of major US telecommunications companies.
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