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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): April 8, 1999
At Home Corporation
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
Delaware
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(STATE OR OTHER JURISDICTION OF INCORPORATION)
<TABLE>
<S> <C>
000-22697 77-0408542
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(COMMISSION (IRS EMPLOYER
FILE NUMBER) IDENTIFICATION NO.)
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425 Broadway, Redwood City, California 94063
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
(650) 569-5000
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(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
Not Applicable
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(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
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ITEM 5. OTHER EVENTS
Depending on their subscriber penetration rates, as of June 4, 1999 and as
of each anniversary of that date, Cox Communications, Inc. or Comcast
Corporation has the right to terminate the exclusivity provisions of @Home's
principal cable partners if AT&T and its affiliates do not meet certain @Home
subscriber penetration levels. On June 4, 1999, @Home expects that Cox will have
this right, but Cox has agreed to waive it in 1999 so long as certain governance
changes are approved by @Home's board and stockholders and are approved prior to
July 22, 1999. @Home plans to submit the proposed changes to the board for
approval at @Home's next board meeting later this month and to its stockholders
at @Home's 1999 Annual Meeting of Stockholders. Upon board approval, including
approval by the board designees of AT&T, Comcast and Cox, @Home's stockholders
agreement will require AT&T, Comcast and Cox to vote their shares in favor of
the changes. These governance changes will generally require board action to be
approved by a majority of @Home's board, which majority includes the board
representatives of AT&T and either Cox or Comcast. In addition, as further
consideration for Cox's waiver of its right to terminate exclusivity as of June
4, 1999, AT&T has agreed to increase its subscriber acquisition goal for the
next twelve months above its current goal for that period.
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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 thereunto duly authorized.
AT HOME CORPORATION
Date: April 8, 1999 By: /s/ David G. Pine
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David G. Pine,
Vice President and
General Counsel
