SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
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Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: December 20, 2000
FRONTLINE CAPITAL GROUP
(Exact name of Registrant as specified in its Charter)
Delaware
(State of Incorporation)
0-30162 11-3383642
(Commission File Number) (IRS Employer Id. Number)
90 Park Avenue 10016
New York, New York (Zip Code)
(Address of principal executive offices)
(212) 931-8000
(Registrant's telephone number, including area code)
This Current Report on Form 8-K is being filed to update certain
information provided in the Current Report on Form 8-K filed with the
Securities and Exchange Commission on November 22, 2000.
Item 5. Other Events
On December 20, 2000, FrontLine Capital Group (the "Company") completed
the disposition of its holdings in its partner company EmployeeMatters, Inc.
to Intuit Inc. ("Intuit"), a NASDAQ listed company, pursuant to an Agreement
and Plan of Merger, dated as of November 15, 2000 (the "Merger Agreement"). In
connection with the sale, the Company received 556,027 shares of Intuit common
stock, 23,072 shares of which were deposited into an escrow account for a
one-year period in order to secure, in part, the Company's indemnification
obligations under the Merger Agreement.
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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.
FRONTLINE CAPITAL GROUP
By: /s/ Scott Rechler
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Scott Rechler
President and Chief
Executive Officer
Date: January 11, 2001
