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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)
DECEMBER 21, 2000
FAIRMARKET, INC.
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(Exact name of registrant as specified in charter)
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DELAWARE 000-29423 04-3551937
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(State or other jurisdiction (Commission file number) (IRS employer
of incorporation) identification no.)
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500 UNICORN PARK DRIVE
WOBURN, MASSACHUSETTS 01801
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (781) 376-5600
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ITEM 5 - OTHER EVENTS
On December 21, 2000, FairMarket, Inc. (the "Company") issued a press
release announcing the adoption of an employee incentive program under which
employees will be able to exchange outstanding employee stock options (covering
approximately 1.4 million shares of the Company's common stock) on a one-for-one
basis for new options priced at the closing price on the exchange date, expected
to occur on January 16, 2001. A copy of the press release is attached as Exhibit
99.1 to this Report on Form 8-K and is incorporated herein by reference in its
entirety.
On January 2, 2001, the Company issued a press release announcing (a) a
revision of the Company's revenue estimates for the fourth quarter of 2000 and
(b) a restructuring of the Company's relationship with Excite, Inc. A copy of
the press release is attached as Exhibit 99.2 to this Report on Form 8-K and is
incorporated herein by reference in its entirety.
ITEM 7 - FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibits
99.1. Press release by FairMarket, Inc. dated December 21, 2000
99.2. Press release by FairMarket, Inc. dated January 2, 2001
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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.
Date: January 3, 2001 By: /s/ Eileen Rudden
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Eileen Rudden
President and Chief Executive Officer
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EXHIBIT INDEX
Exhibit No. Description
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99.1 Press release by FairMarket, Inc. dated December 21, 2000
99.2 Press release by FairMarket, Inc. dated January 2, 2001
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