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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
May 12, 1998
Date of Report
(Date of earliest event reported)
MULTIPLE ZONES INTERNATIONAL, INC.
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(Exact name of registrant as specified on its charter)
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Washington 0-28488 91-1431894
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(State or other jurisdiction (Commission file no.) (I.R.S. employer
of incorporation) identification no.)
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707 South Grady Way
Renton, WA 98055-3233
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(Address of principal executive offices, including zip code)
(425) 430-3000
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(Registrant's telephone number, including area code)
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INFORMATION INCLUDED IN THIS REPORT
ITEM 1. CHANGES IN CONTROL OF REGISTRANT. Not Applicable.
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS. Not Applicable.
ITEM 3. BANKRUPTCY OR RECEIVERSHIP. Not Applicable.
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT. Not Applicable.
ITEM 5. OTHER EVENTS. Reference is made to the press release issued to the
public by the registrant on May 12, 1998, the text of which is attached hereto
as an exhibit, for a description of the events reported pursuant to this Form
8-K.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits
99.1. Text of press release dated May 12, 1998.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Multiple Zones International, Inc.
Date: May 20, 1998 By: /s/ Peter J. Biere
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Peter J. Biere, Senior Vice President -
Finance and Chief Financial Officer
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INDEX OF EXHIBITS
EXHIBIT NO. DOCUMENT PAGE
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99.1 Text of Press Release dated May 12, 1998 4
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CONTACT:
Tim Carroll
Vice President
(425) 430-3253
FIROZ (PHIL) LALJI APPOINTED PRESIDENT AND
CHIEF EXECUTIVE OFFICER OF MULTIPLE ZONES
RENTON, Washington (May 12, 1998) - Multiple Zones International, Inc.
(NASDAQ: MZON) today announced the appointment of Firoz Lalji as
President and Chief Executive Officer of the Company.
Mr. Lalji, 51, is a founding investor in Multiple Zones and has served on
its board since March of 1990. Since 1975 he has been the owner, President
and Chief Executive Officer of Kits Cameras, Inc, which operates 145
specialty camera stores in eight western states. In November of 1997 he
sold Kits Cameras to Ritz Cameras, a national retailer with over 800
stores. Since 1985 he has also served as owner, President and Chief
Executive Officer of the Fana Group of Companies which owns real estate
and hotels in the United States and Canada.
Commenting on his new position, Lalji stated, "I bring a strong and very
successful retailing background to Multiple Zones. At Kits Cameras we grew
the organization from four small stores to a large diversified
organization with over 700 employees and operations stretching from Alaska
to New Mexico. Kits was the third largest specialty camera store chain in
the nation and, as a private company, its operations financed all of its
growth. At Kits, we successfully merchandised quickly changing technology
products and created a sales organization focused on serving the needs of
customers. At Multiple Zones, we have a quality management team, excellent
vendor relationships and are well positioned for growth in this fast
growing industry, the direct marketing of microcomputer products."
Lalji stated that his immediate goals were to further enhance the
visibility and merchandising within Multiple Zones' two flagship catalogs,
The PC Zone(R) and The Mac Zone(R), grow the customer-direct outbound
sales force and expand zones.com, the Company's electronic commerce web
site. He commented, "Multiple Zones has great potential. We see incredible
growth opportunities in electronic commerce where our sales from zones.com
have exceeded our expectations. Through zones.com we are leveraging our
well known brands, The PC Zone(R) and The Mac Zone(R), along with our
well-developed inventory management and fulfillment capabilities. My
overall goal is to focus on our core competencies toward maximizing
shareholder value."
John DeFeo, who had been President and Chief Executive Officer since
January 1997, remains on the Board of Directors. Lalji commented, "John
built a quality organization and implemented many programs which position
the Company for future growth. His
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continuing counsel on the Board will be appreciated."
Multiple Zones International, Inc. is a leading international direct
marketer of brand name microprocessor-based hardware, software,
peripherals and accessories for users of PC/Wintel and Apple
Macintosh-compatible computers through two flagship catalogs, The PC
Zone(R) and The Mac Zone(R). A dedicated telemarketing sales force serves
the needs of the business, education and government markets. Products are
also available through the Multiple Zones Internet SuperStore.
The Company was founded in 1988, serves 24 countries worldwide and is
headquartered in Renton, Washington. Orders can be placed or a catalog can
be received simply by calling 1-800-258-2088 or through accessing our
World Wide Web location www.zones.com.
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