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): August 3, 1999
Interactive Magic, Inc.
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(Exact name of registrant as specified in its charter)
North Carolina
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(State or other jurisdiction of incorporation)
0-29750 56-2092059
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(Commission file Number) (IRS Employer ID Number)
215 Southport Drive, Suite 1000, Morrisville, North Carolina 27560
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 919-461-0722
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NA
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(Former name or former address, if changed since last report)
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Item 6. Resignation of Registrant's Director
Effective August 3, 1999, the Registrant accepted the resignation of Avi Suriel,
a member of the Registrant's Board of Directors. In his letter of resignation, a
copy of which is filed as an exhibit to this report, Mr. Suriel indicated that
his reason for resigning was the Registrant's alleged failure to set a date for
its annual shareholder meeting by August 3, 1999. On August 3, 1999, the
Registrant publicly announced that it has set a record date of August 19, 1999
in preparation for the annual shareholder meeting currently scheduled for
October 19, 1999, subject to change dependent upon the potential review of the
Registrant's preliminary proxy materials by the SEC.
Exhibit:
17.1 Copy of letter from Avi Suriel tendering his resignation from the
Registrant's Board of Directors effective August 3, 1999.
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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.
INTERACTIVE MAGIC, INC.
Date: August 4, 1999 /s/ Michael W. Oliver
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Michael W. Oliver,
Chief Financial Officer
Exhibit 17.1
VERTICAL FINANCIAL HOLDINGS
Via Facsimile: (919) 462-3081
July 29, 1999
J.W. Stealey
Chairman and Chief Executive Officer
iEntertainment Network, Inc.
215 Southport Drive, Suite 1000
Morrisville, North Carolina 27560
Dear Mr. Stealey:
I, Avi Suriel, a Director representing Vertical Financial Holdings on the
Company's Board, hereby submit my resignation as a member of the Board effective
immediately, but reserve the right to reconsider over the next four business
days if a date for a Shareholders Meeting is agreed, and such meeting date is
announced by August 3, 1999.
For the record, I and Vertical have been asking for several weeks now for
such meeting to be called to no avail.
Very truly yours,
VERTICAL FINANCIAL HOLDINGS
By: /s/ Avi Suriel
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Avi Suriel, Managing Director
cc: Michael Oliver, CFO and Secretary
David H. Kestel, Director
J. Nicholas England, Director
W. Joseph McClelland, Director
