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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): December 15, 1997
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MICROLEAGUE MULTIMEDIA, INC.
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(Exact Name of Registrant as Specified in Charter)
Pennsylvania 1-11743 23-2563090
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
1001 Millersville Road
Lancaster, Pennsylvania, 19899
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(Address of Principal Executive Offices) (Zip Code)
(717) 872-6567
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(Registrant's telephone number, including area code)
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Item 3. Bankruptcy or Receivership.
On December 23, 1997, the Registrant filed a voluntary petition under
Chapter 11 of the United States Bankruptcy Code. Chapter 11 voluntary
petitions were also filed for the Registrant's wholly owned subsidiaries REP
Holding Company, Inc., REP Acquisition Corp., Inc., Ablesoft, Inc. and Kidsoft
L.L.C. The petitions were filed in the United States Bankruptcy Court for the
Eastern District of Pennsylvania, Reading Division. In connection with the
filings, Registrant has entered into a Debtor in Possession Financing Agreement
with Penn Janney Opportunities Fund, L.P., and a Cash Collateral Agreement with
Summit Bank.
Item 5. Other Events.
Mr. Michael E. Golden resigned as a director of Registrant effective
December 15, 1997, and Mr. Donald Gleklen resigned as a director of Registrant
effective December 12, 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 hereunto duly authorized.
MICROLEAGUE MULTIMEDIA, INC.
By: /s/ Neil B. Swartz
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Neil B. Swartz
Chief Executive Officer
Dated: December 23, 1997
