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UNITED STATES
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) NOVEMBER 6, 1998
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THE RECOVERY NETWORK, INC.
(Exact name of registrant as specified in its charter)
COLORADO 7812 39-1731029
(State or other jurisdiction of (Primary Standard Industrial (I.R.S. Employer
incorporation or organization) Classification Code Number) Indentification No.)
1411 5th Street, Suite 250
Santa Monica, CA 90401
(Address of principal executive offices)
Registrant's telephone number including area code (310)393-3979
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Item 5. OTHER EVENTS
On November 6, 1998, The Recovery Network announced a number of
developments affecting its operations and management. These developments
include the formation of an Operating Committee to guide the future of the
Company, and the appointment of Gary Horowitz, President, as the new Chief
Executive Officer. A press release describing each of these items is
attached hereto as Exhibit 28.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
a) Exhibit
28. Press Release dated November 6, 1998.
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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 hereunto duly authorized.
THE RECOVERY NETWORK, INC.
Date: November 6, 1998 By: /s/ Michael G. Clark
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Michael G. Clark
Chief Financial Officer and
Corporate Secretary
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EXHIBIT INDEX
Exhibit No.
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28. Press Release dated November 6, 1998.
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Recovery Network, Inc. Appoints Gary Horowitz CEO - Forms
Operating Committee
(Los Angeles, CA, November 3, 1998) - Recovery Network, Inc.
(NASDAQ:RNET) announced today the appointment of Gary Horowitz,
President, as Chief Executive Officer.
The company also announced the formation of a New Operating Committee
to manage the future growth of the firm. The Committee members are:
Mitchell Sahn, Vice Chairman of the Board of Directors and Chair of the
Operating Committee, Gary Horowitz, President and CEO, John Wheeler,
Sr. VP Operations, Sandra Eddy, VP Marketing, Michael Clark, Vice
President of Finance and Tracy Neal, Counsel.
Bill Moses, who will remain Chairman of the Recovery Network, said, "As
a founder of Recovery Network Inc., I am proud of the company's
progress thus far. But we are now at a critical juncture where it is
essential to have a team of experienced executives in order to progress
to the next level." "We have assembled a team of strong individuals
whose experience comes from Wall Street, cable television programming
and operations, media, marketing and financial industries. The
collective strengths of these individuals will make it possible for the
company to achieve our long term goals," Moses added.
Recovery Network, Inc. utilizes it's cable television network and radio,
as well as Internet and platforms to deliver social and behavioral
health care into the privacy of one's own home.
Besides it's cable television network, the Company has as Internet joint
venture, Recovery Interactive, with TCI On line Holdings, a Liberty
Media Company and FHC Health Care Systems through it's FHC Internet
Services Division. In addition, Recovery Network, Inc. produces
Recovery Talk Radio, which airs a variety of shows dedicated to recovery
that airs nationwide, seven days a week.
The Recovery Network is located on the World Wide Web at
http:///www.recoverynetwork.com
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Note to Investors
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Forward-looking statements in this release are based on
information available to the Company on the date hereof. The Company's actual
results could differ materially from those stated or implied by such forward-
looking statements. The forward-looking statements should be considered in
the context of these and other risk factors disclosed in the Company's fiscal
1998 SEC Form 10-K and Form SB-2 (filed on October 27, 1998).
