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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
Date of report (date of earliest event reported): March 24, 1999
HOMECOM COMMUNICATIONS, INC.
(Exact Name of Registrant as Specified in its Charter)
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Delaware 0-29204 58-2153309
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(State or Other Jurisdiction of (Commission file Number) (I.R.S. Employer
Incorporation or Organization Identification No.)
3535 Piedmont Road, Atlanta, Georgia 30305
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (404) 237-4646
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS
On March 24, 1999 the Company closed its acquisition of First Institutional
Marketing, Inc. and certain of its affiliates ("FIMI"). The Company was able to
close this transaction more quickly than originally anticipated, due to the
former owners of FIMI agreeing to waive their requirement that the registration
statement for the shares to be issued in the transaction be declared effective
by the SEC prior to closing. The Company will be filing a subsequent report on
8-K under Item 2 shortly, which will more fully describe the terms of this
transaction.
ITEM 6. RESIGNATION OF DIRECTOR
On March 25, 1999, Gregory Abowd resigned from the Company's Board of
Directors for personal reasons. Attached as Exhibit 99.1 to this report is a
press release more fully discussing this item.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) 17.1 Letter of Resignation
99.1 Press Release
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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.
HOMECOM COMMUNICATIONS, INC.
(Registrant)
Date: April 1, 1999 By: /s/ Harvey Sax
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Harvey Sax, President and
Chief Executive Officer
(Principal Executive Officer)
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Exhibit Index
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Exhibit Description
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17.1 Letter of Resignation
99.1 Press Release
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Exhibit 17.1
HomeCom Communications, Inc.,
I am writing you now to officially announce my resignation, effective today,
March 25, as an External Board member for HomeCom. I have enjoyed my few years
of service as a Board member and I wish you and the rest of the company much
success in future ventures.
Sincerely,
Gregory Abowd
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HOMECOM COMMUNICATIONS, INC. APPOINTS REASSURANCE COMPANY
OF HANOVER CEO TO BOARD
ATLANTA--April 1, 1999--HomeCom Communications, Inc. (Nasdaq Small Cap: HCOM)
announced the appointment of William W. Walker, President and Chief Executive
Officer for the Reassurance Company of Hanover("RCH"), to its Board of
Directors. Walker replaces retiring board member, Gregory Abowd.
Walker has a distinguished 40-year career in the Insurance industry, beginning
with United Family Life Insurance Company. He also served as Assistant Vice
President with American Pioneer Life, Assistant Secretary with General
Reassurance Company, and Vice President with North American Reassurance (a.k.a.
Swiss Re America). Walker joined RCH in 1993 a President and CEO. During this
period, RCH has increased gross premiums from $25 million to $750 million.
Walker is a graduate of Marshall University where he also received his L.L.B.
degree.
Mr. Harvey Sax, President and CEO of HomeCom Communications stated, "We are very
excited to have Bill Walker become a member of the HomeCom Board of Directors.
His many years of success and knowledge, in the insurance industry, will be a
tremendous asset as HomeCom continues to expand our already successful insurance
operation. Also, I would like to express my deepest gratitude to Gregory Abowd
for his unselfish contributions as an active member of the HomeCom Board of
Directors."
Mr. William W. Walker, President and CEO of the Reassurance Company of Hanover,
stated "I am very pleased to have the opportunity to join the dynamic HomeCom
group. There is no question in my mind that 30% to 50% of financial services
purchased, including insurance, banking and securities, will be conducted by
e-commerce within the next three to five years. HomeCom is best situated to lead
this effort through their Intranet, Internet and web-site offerings -
particularly in view of their superior site security systems."
HomeCom Communications, Inc. (Nasdaq Small Cap: HCOM) specializes in Internet
application solutions for the financial services market, providing all of the
professional services and technology necessary to develop and integrate an
online marketplace. In addition, HomeCom offers several products designed for
e-commerce in the financial services industry, which includes Personal Internet
Banker(tm) (PIB), Harvey(tm), InsureRate(tm), and its Internet Security Services
Division. In May 1998, HomeCom was selected by ZD Internet Magazine as one of
the Top 20 Internet consulting firms in the country.
Certain of the statements included in this press release constitute
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21 E of the Securities Exchange Act of
1934, as amended. The Company notes that a variety of factors could cause the
company's actual results and experience to differ materially from those
expressed in these forward-looking statements.
