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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): January 26, 2000
TEAM COMMUNICATIONS GROUP, INC.
(Exact name of registrant as specified in charter)
California 0-23307 95-4519215
(State or Other Jurisdiction of (Commission (I.R.S. Employer
Incorporation) File Number) Identification No.)
12300 Wilshire Boulevard, Suite 400, Los Angeles, California 90025
(Address of principal executive offices)
Registrant's telephone number, including area code: (310) 442-3500
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS.
On December 14, 1999, Mr. Jonathan D. Shapiro notified the Registrant
that he intended to convert his Restated Employment Agreement into a consultancy
agreement. On January 14, 2000, Mr. Shapiro and the Registrant entered into a
Settlement Agreement, whereby the parties agreed to terminate the Restated
Employment Agreement and sever their business relationship. As a result of that
agreement, Mr. Shapiro resigned as a director of the Registrant, effective
January 14, 2000. Mr. Shapiro's resignation was not due to any disagreement with
the Registrant on any matter relating to the Registrant's operations, policies
or practices.
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.
SIGNATURES
TEAM COMMUNICATIONS GROUP, INC.
Date: January 26, 2000 By: /s/ TIMOTHY A. HILL
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Timothy A. Hill
Its: Senior Vice President/
Chief Financial Officer
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