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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): July 8, 1998
FINE HOST CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 000-28590 06-1156070
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(State of other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
3 Greenwich Office Park, Greenwich, CT 06831
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(Address of principal executive offices) Zip Code
Registrant's telephone number, including area code: (203) 629-4320
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Item 5. Other Events
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On July 8, 1998, Fine Host Corporation (the "Company") issued a press
release announcing the Company's Common Stock will no longer be traded on the
Nasdaq National Market and effective July 9, 1998, the Common Stock will be
eligible to trade on the OTC Bulletin Board. The Company expects to retain its
trading symbol, FINE. The press release stated that the Company informed Nasdaq
that it did not expect to meet the conditions for continued listing on the
Nasdaq National Market. The decision to discontinue further appeals to Nasdaq
was motivated by a desire to focus Management's efforts on implementing the
already developed turnaround and business plan to restructure the Company's
business and financial affairs. A copy of the July 8, 1998 press release is
filed as an exhibit to this Form 8-K.
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Item 7. Financial Statements and Exhibits
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(c) Exhibits:
The following Exhibits are filed as part of this report.
Exhibit 99.1 Press Release of Fine Host Corporation, dated July 8,
1998.
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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.
FINE HOST CORPORATION
Dated: July 9, 1998 By: /s/ Gerald P. Buccino
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Name: Gerald P. Buccino
Title: President
Chief Executive Officer
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EXHIBIT INDEX
Exhibit
99.1 Press Release of Fine Host Corporation, dated July 8,
1998.
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Contact: Sandra Sternberg
Ann Julsen
Brenda Adrian
Sitrick And Company
310-788-2850
For Immediate Release
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Fine Host Announces it Will No Longer Trade on
Nasdaq National Market
Greenwich, Conn.--July 8, 1998 - Fine Host Corporation (NASDAQ: FINE)
announced today that the Company's Common Stock will no longer be traded on the
Nasdaq National Market and effective July 9, 1998, the Common Stock will be
eligible to trade on the OTC Bulletin Board. The Company expects to retain its
trading symbol, FINE.
The Company informed Nasdaq that it did not expect to meet the
conditions for continued listing on the Nasdaq National Market. The decision to
discontinue further appeals to Nasdaq was motivated by management's desire to
focus its efforts on implementing the already developed turnaround and business
plan to restructure the Company's business and financial affairs.
Fine Host President and Chief Executive Officer Gerald P. Buccino said,
"Management is committed to retaining its existing client base and writing new
business. Our efforts are focused on maintaining the quality of service the
Company provides to its
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clients and customers, increasing new business and restoring the Company's
credibility in the marketplace."
Fine Host Corporation provides food and beverage concession and catering
services to more than 900 facilities in 41 states, primarily through multi-year
contracts in the following markets: the recreation and leisure market (arenas,
stadiums, amphitheaters, civic centers and other recreational facilities); the
convention center market; the education market (colleges, universities and
elementary and secondary school nutrition programs); the business dining market
(corporate cafeterias, office complexes and manufacturing plants); the health
care market (long-term care facilities and hospitals); and the corrections
market (prisons and jails).
This release contains forward-looking statements pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995. These
statements are subject to various risks and uncertainties which are described in
the Company's filings with the Securities and Exchange Commission.
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