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): August 23, 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
...............................................................................
(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 Michael
E. Savage to the position of Senior Vice President and Chief Financial Officer,
effective September 1, 1999. Mr. Savage joins VIALOG from Digital City, Inc., a
subsidiary of America Online, Inc.
The press release announcing the appointment of Mr. Savage to the
position of Senior Vice President and Chief Financial Officer 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 dated August 23, 1999 announcing the
appointment of Michael E. Savage to the position of
Senior Vice President and Chief Financial Officer.
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: August 23, 1999 By:/s/ Kim A. Mayyasi
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Kim A. Mayyasi, President
and Chief Executive Officer
EXHIBIT INDEX
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Exhibit
99.1 Press Release dated August 23, 1999 announcing the
appointment of Michael E. Savage to the position of
Senior Vice President and Chief Financial Officer.
EXHIBIT 99.1
Vialog Contact: Mimi Englander
Asst. VP/Marketing
(978) 975-3700
[email protected]
FOR IMMEDIATE RELEASE
Vialog Corporation Names Michael E. Savage
Senior Vice President and Chief Financial Officer
-- Former AOL Digital City Executive Brings to the Company Significant
Internet and High Tech Financial Leadership --
Andover, Mass., August 23, 1999 -- Vialog Corporation (Nasdaq:VLOG), a leading
provider of audio, video and Internet conferencing services, announced today the
appointment of Michael E. Savage to the position of senior vice president and
chief financial officer. Mr. Savage joins Vialog from Digital City, Inc., a
subsidiary of America Online, Inc.
"Mike has a tremendous background providing financial leadership to high growth
start-ups and publicly-traded companies," said Kim A. Mayyasi, Vialog's
president and chief executive officer. "Mike's established Wall Street expertise
will be instrumental to developing and executing a financial strategy that
maximizes shareholder value. His Internet savvy will be critical to delivering
on our vision for WebConferencing.com - our group communications portal web
site."
"I am very excited about joining Vialog," said Savage. "As a leader in the
teleconferencing and group communications market, Vialog is well positioned to
continue to grow, especially as it integrates WebConferencing.com later this
year.
"I look forward to working with the financial community and positioning Vialog
to capitalize on what we believe will be rapid growth and demand for
teleconferencing and web-based services."
-- more --
<PAGE>
Vialog Corporation Names Michael E. Savage Senior VP and CFO - page two
Savage has successfully managed two IPOs and accomplished major debt
restructuring for a variety of companies. In 1997, Savage joined Digital City,
the Internet's largest local city resource and community guide, to build the
infrastructure for finance, accounting, investor relations and systems. Prior to
joining Digital City, Savage served as vice president and chief financial
officer at World Corp., the $350M holding company for World Airways, Inc. and
InteliData Technologies Corp. From 1991 to 1994, Savage held the position of
chief financial officer of Tower Air, Inc., a start-up airline. At both World
Corp. and Tower Air, Savage was responsible for development and management of
those companies' IPOs. Before joining Tower Air, he was a Principal at Ernst &
Young, where he was employed from 1983 to 1991.
Savage completed the Harvard Business School Senior Management Program and is a
1980 magna cum laude graduate of Long Island University's C.W. Post Center
School of Professional Accountancy.
John Dion will continue in his role as vice president of finance and treasurer
for Vialog. "John has done a tremendous job over the past three years and I look
forward to him working with Mike to invigorate our financial and investor
relations initiatives," stated Mayyasi. "They'll make a dynamic team."
About Vialog Corporation
Headquartered in Andover, Massachusetts, Vialog is a leading provider of
conferencing services, including audioconferencing; videoconferencing; Internet
conferencing; and messaging services, 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 1998
Form 10-K and other Company reports which are filed with the Securities and
Exchange Commission.
