SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report (Date of earliest event reported): June 9, 1999
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VIALOG CORPORATION
...............................................................................
(Exact name of registrant as specified in its charter)
Massachusetts 333-44041 04-3305282
...................... ........................ .......................
(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
35 New England Business Center, Suite 160
Andover, MA 01810
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(Address of principal executive offices)
(978) 975-3700
Registrant's telephone number, including area code..............................
................................................................................
(Former name or former address, if changed since last report.)
<PAGE>
Item 5. Other Events
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VIALOG Corporation ("VIALOG") announced today the appointment of Kim
Mayyasi to the position of President and Chief Executive Officer, effective July
1, 1999. Mr. Mayyasi joins VIALOG from Hill, Holliday, Connors, Cosmopulos,
Inc., one of the country's top 25 advertising agencies. The Company also
announced that Glenn Bolduc has resigned as President and CEO. Mr. Bolduc will
assume a consulting role with VIALOG through the end of 1999.
The press release announcing the appointment of Mr. Mayyasi to the
position of President and CEO and the resignation of Mr. Bolduc as President and
CEO is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 7. Financial Statements and Exhibits
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(c) Exhibits
99.1 Press Release announcing the appointment of Kim
Mayyasi to the position of President and Chief
Executive Officer and the resignation of Glenn Bolduc
from the position of President and Chief Executive
Officer dated June 9, 1999
SIGNATURE
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 duly authorized.
VIALOG CORPORATION
Date: June 9, 1999 By: /s/ John J. Dion
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John J. Dion, Vice President - Finance
EXHIBIT INDEX
Exhibit
99.1 Press Release announcing the appointment of Kim
Mayyasi to the position of President and Chief
Executive Officer and the resignation of Glenn
Bolduc from the position of President and Chief
Executive Officer dated June 9, 1999
Vialog Contact: Mimi Englander
Asst. VP/Marketing
(978) 975-3700
[email protected]
FOR IMMEDIATE RELEASE
Vialog Corporation Names Kim Mayyasi
President and Chief Executive Officer
-- Former Hill Holliday Executive Brings to the Company 20 Years of
Telecom and Internet Marketing and Technology Experience --
Andover, Mass., June 9, 1999 -- Vialog Corporation (NASDAQ:VLOG), a leading
provider of teleconferencing services, announced today the appointment of Kim
Mayyasi to the position of President and Chief Executive Officer, effective July
1, 1999. Mr. Mayyasi joins Vialog from Hill, Holliday, Connors, Cosmopulos,
Inc., one of the country's top 25 advertising agencies. The Company also
announced that Glenn Bolduc has resigned as President and CEO.
"We are excited to have Kim join Vialog to guide the Company as it continues to
expand its role in the evolving group communications market," stated David
Lougee, a member of Vialog's Board of Directors. "Kim's strategic expertise in
the telecommunications and Internet markets provides the Company with the
leadership necessary to pursue our objective of capitalizing on growth prospects
in both our core and Internet-based conferencing services."
"I am delighted to be joining the Vialog team," said Mayyasi. "It is with a
great deal of enthusiasm that I look forward to helping Vialog realize its
potential in an emerging industry full of opportunity."
In 1991, Mayyasi founded the MSP Group, a marketing technology and service
company using relational databases, artificial intelligence and integrated
direct response services including telemarketing and fulfillment. MSP Group was
acquired by Hill Holliday in 1995, at which time Mayyasi became a Managing
Partner at Hill Holliday, focusing on e-commerce marketing and technology.
-- more --
<PAGE>
Vialog Corporation Names Kim Mayyasi President and CEO - page two
Amassing 20 years of telecom experience, Mayyasi began his career at Satellite
Business Systems, where he designed and implemented a virtual private network.
He subsequently became one of the key managers during the formation of Cellular
One Boston, where he was vice president of sales and marketing. Mayyasi also
co-founded Cellular One Portsmouth and its holding company Boston Communications
Group, where he was general manager with P&L responsibility for Cellular One of
New Hampshire, Cellular Services of Washington, Beeper One and Cellular Express.
Mayyasi holds an MBA in Finance from Thunderbird, the American Graduate School
of International Management and a BSEE from the Massachusetts Institute of
Technology.
Mr. Bolduc will assume a consulting role with Vialog through the end of 1999.
"We would like to thank Glenn for his accomplishments at Vialog and for his
extraordinary efforts in organizing and forming the Company," stated Lougee.
"I found my work at Vialog to be some of the most challenging and rewarding in
my career," said Bolduc. "I'm looking forward to continuing to support the
Company as it pursues its objectives."
About Vialog Corporation
Headquartered in Andover, Massachusetts, Vialog is a leading provider of
conferencing services, including audioconferencing; videoconferencing; Internet
conferencing; and automated teleservices, such as Interactive Voice Response
(IVR), MessageCast(sm) voicemail broadcast, broadcast fax and fax on-demand.
Vialog helps organizations communicate more professionally, efficiently and
effectively by delivering superior customer service and an extensive range of
enhanced and customized conferencing solutions. Vialog's common stock
(symbol:VLOG) is quoted on Nasdaq's National Market System. For more
information, visit www.vialog.com.
# # #
Statements in this press release that are not based on historical facts may be
considered forward-looking statements that involve risks and uncertainties,
included but not limited to, the Company's ability to successfully implement a
strategy of continued growth. Factors that could cause or contribute to such
differences include, without limitation, changes in the market, new products and
announcements from other companies, changes in technology, and the impact of
competitive products and pricing. Additional information on the factors that
could affect the Company's financial results is included in the Company's
amended 1997 Form 10-K and other Company reports which are filed with the
Securities and Exchange Commission.
