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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
November 4, 1997
Date of Report (Date of earliest event reported)
FIRST VIRTUAL HOLDINGS INCORPORATED
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(Exact name of registrant as specified in its charter)
Delaware 000-21751 33-0612860
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
11975 El Camino Real, Suite 300
San Diego, California 92130-2543
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(Address of principal executive offices)
(619) 793-2700
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(Registrant's telephone number, including area code)
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Item 5. Other Events
On November 4, 1997, First Virtual Holdings Incorporated (the
"Company") received and accepted the resignation of directors Tawfiq N. Khoury
and Bob S. Epstein. On that same date, the remaining Board of Directors of the
Company appointed James A. Taylor, Ph.D. to the Board of Directors by action of
Unanimous Written Consent.
James A. Taylor, Ph.D. senior vice president, heads the enterprise
communications and brand development at Gateway 2000, Inc. His group oversees
corporate public relations, investor relations, strategic forecasting, brand
management and market research.
On November 14, the remaining Board of Directors of the Company
appointed Stephen Marcus to the Board of Directors by action of Unanimous
Written Consent.
Stephen C. Marcus, is a 40-year veteran of the printing and direct
marketing industries. Marcus founded Mars Graphic Services Inc. in 1973, growing
it into a leading commercial printing company with direct mail and telemarketing
divisions. The company went public in 1986, and subsequently completed a reverse
acquisition of DiMark Inc., a major direct marketing firm. DiMark was acquired
by Harte Hanks Communications in 1995. Marcus currently serves on the board of
Harte Hanks and Rodale Press. Prior to founding Mars, he was a senior executive
with Mid-City Press and Lies-Marcus Company.
On November 24, 1997 First Virtual Holdings Incorporated (the
"Company") received and accepted the resignation of director Jon Rubin.
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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.
FIRST VIRTUAL HOLDINGS INCORPORATED
Dated: December 4, 1997 By: /s/ JOHN M. STACHOWIAK
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John M. Stachowiak
Vice President, Finance & Administration
and Chief Financial Officer
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