<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
[X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934
For the fiscal year ended December 31, 1998
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
COMMISSION FILE NUMBER 1-14337
PENTON MEDIA, INC.
RETIREMENT SAVINGS PLAN
-----------------------
(Full title of the Plan)
PENTON MEDIA, INC.
------------------
(Name of Issuer of the Securities Held Pursuant to the Plan)
1100 Superior Avenue, Cleveland, Ohio 44114
-------------------------------------------
(Address of Issuer's Principal Executive Office)
<PAGE> 2
PENTON MEDIA, INC.
------------------
INDEX TO FORM 11-K
------------------
Page
----
(a) Financial Statements - financial statements required 3-14
to be filed are listed in the Index to Financial
Statements attached hereto, which is incorporated herein
by reference.
(b) Signatures 15
(c) Exhibit:
Number Description
------ -----------
23 Consent of Independent Accountants 16
2
<PAGE> 3
PENTON MEDIA, INC.
RETIREMENT SAVINGS PLAN
FINANCIAL STATEMENTS
AND SUPPLEMENTAL SCHEDULES
For the four months ended December 31, 1998
3
<PAGE> 4
INDEX TO FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULES
Page
----
Report of Independent Accountants 5
Financial Statements:
Statement of Net Assets Available for Benefits
(With Fund Information) at December 31, 1998 6
Statement of Changes in Net Assets Available for Benefits
(With Fund Information) for the four months
ended December 31, 1998 7
Notes to Financial Statements 8-11
Supplemental Schedules:
Line 27a - Schedule of Assets Held for Investment Purposes
for the four months ended December 31, 1998 12
Line 27b - Schedule of Loans or Fixed Income Obligations 13
at December 31, 1998
Line 27d - Schedule of Reportable Transactions
for the four months ended December 31, 1998 14
Note: All other schedules required by the Department of Labor Rules and
Regulations for Reporting and Disclosure under the Employee Retirement Income
Security Act of 1974 have been omitted because the conditions under which they
are required are not present.
4
<PAGE> 5
Report of Independent Accountants
To the Participants and Administrator of
Penton Media, Inc. Retirement Savings Plan
In our opinion, the accompanying statement of net assets available for benefits
and the related statement of changes in net assets available for benefits
present fairly, in all material respects, the net assets available for benefits
of Penton Media, Inc. Retirement Savings Plan (the "Plan") at December 31, 1998,
and the changes in net assets available for benefits for the four months then
ended in conformity with generally accepted accounting principles. These
financial statements are the responsibility of the Plan's management; our
responsibility is to express an opinion on these financial statements based on
our audit. We conducted our audit of these statements in accordance with
generally accepted auditing standards which require that we plan and perform the
audit to obtain reasonable assurance about whether the financial statements are
free of material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements,
assessing the accounting principles used and significant estimates made by
management, and evaluating the overall financial statement presentation. We
believe that our audit provides a reasonable basis for the opinion expressed
above.
Our audit was conducted for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedules of assets held
for investment purposes, loans or fixed income obligations, and reportable
transactions are presented for the purpose of additional analysis and are not a
required part of the basic financial statements but are supplementary
information required by the Department of Labor's Rules and Regulations for
Reporting and Disclosure under the Employee Retirement Income Security Act of
1974. The fund information in the statement of net assets available for benefits
and the statement of changes in net assets available for benefits is presented
for purposes of additional analysis rather than to present the net assets
available for plan benefits and changes in net assets available for benefits of
each fund. These supplemental schedules and fund information are the
responsibility of the Plan's management. The supplemental schedules and fund
information have been subjected to the auditing procedures applied in the audit
of the basic financial statements and, in our opinion, are fairly stated in all
material respects in relation to the basic financial statements taken as a
whole.
/s/ PricewaterhouseCoopers LLP
- ------------------------------
Cleveland, Ohio
June 25, 1999
5
<PAGE> 6
<TABLE>
<CAPTION>
PENTON MEDIA INC.
RETIREMENT SAVINGS PLAN
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS (WITH FUND INFORMATION)
AT DECEMBER 31, 1998
Participant Directed
---------------------------------------------------------------------------------
Fidelity
Retirement Fidelity Fidelity
Government Managed Growth Fidelity
Money Market Income & Income Emerging Fidelity
Portfolio Portfolio Portfolio Growth Fund Magellan Fund
----------- ----------- ----------- ----------- -----------
<S> <C> <C> <C> <C> <C>
ASSETS
Investments, at fair value $ 9,171,367 $ 1,766,425 $13,833,696 $ 2,419,608 $17,593,988
Participants' loans -- -- -- -- --
----------- ----------- ----------- ----------- -----------
Total investments 9,171,367 1,766,425 13,833,696 2,419,608 17,593,988
Contributions Receivable:
Participants' contributions 12,823 1,207 9,777 1,080 10,430
Employer's contributions 5,154 477 3,638 427 3,902
----------- ----------- ----------- ----------- -----------
Total contributions receivables 17,977 1,684 13,415 1,507 14,332
----------- ----------- ----------- ----------- -----------
Net assets available for benefits $ 9,189,344 $ 1,768,109 $13,847,111 $ 2,421,115 $17,608,320
=========== =========== =========== =========== ===========
<CAPTION>
Participant Directed
-------------------------------------------------------------------------------
Fidelity
Diversified Pittway
Spartan Market International Corporation AptarGroup, Penton Media,
Index Fund Fund Stock Fund Inc. Stock Fund Inc. Stock Fund
----------- ----------- ------------ ----------- ---------------
<S> <C> <C> <C> <C> <C>
ASSETS
Investments, at fair value $ 1,704,552 $ 1,243,745 $ 12,913,686 $ 482,471 $ 3,971,674
Participants' loans -- -- -- -- --
----------- ----------- ------------ ----------- -----------
Total investments 1,704,552 1,243,745 12,913,686 482,471 3,971,674
Contributions Receivable:
Participants' contributions 980 802 -- -- 803
Employer's contributions 344 247 -- -- 327
----------- ----------- ------------ ----------- -----------
Total contributions receivables 1,324 1,049 -- -- 1,130
----------- ----------- ------------ ----------- -----------
Net assets available for benefits $ 1,705,876 $ 1,244,794 $ 12,913,686 $ 482,471 $ 3,972,804
=========== =========== ============ =========== ===========
<CAPTION>
Participant Directed
-------------------------------
Loan Fund Total
----------- ------------
<S> <C> <C>
ASSETS
Investments, at fair value $ -- $ 65,101,212
Participants' loans 1,402,848 1,402,848
----------- ------------
Total investments 1,402,848 66,504,060
Contributions Receivable:
Participants' contributions -- 37,902
Employer's contributions -- 14,516
----------- ------------
Total contributions receivables -- 52,418
----------- ------------
Net assets available for benefits $ 1,402,848 $ 66,556,478
=========== ============
The accompanying notes to financial statements are an integral part of this statement.
</TABLE>
<PAGE> 7
<TABLE>
<CAPTION>
PENTON MEDIA INC.
RETIREMENT SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS (WITH FUND INFORMATION)
FOR THE FOUR MONTHS ENDED DECEMBER 31, 1998
Participant Directed
------------------------------------------------------------------------
Fidelity
Retirement Fidelity Fidelity
Government Managed Growth Fidelity
Money Market Income & Income Emerging
Portfolio Portfolio Portfolio Growth Fund
------------ ------------ ------------ ------------
<S> <C> <C> <C> <C>
Additions To Net Assets:
Investment Income:
Net appreciation (depreciation) in fair
value of investments $ -- $ -- $ 2,376,593 $ 546,519
Interest and dividends 144,156 29,851 666,850 142,440
------------ ------------ ------------ ------------
144,156 29,851 3,043,443 688,959
Contributions:
Participant contributions 433,414 49,111 409,807 111,313
Employer's contributions 118,954 14,834 105,124 32,909
------------ ------------ ------------ ------------
552,368 63,945 514,931 144,222
Transfer from Pittway Corporation (Note 1) 8,334,282 1,519,257 10,512,975 1,571,013
------------ ------------ ------------ ------------
Total additions 9,030,806 1,613,053 14,071,349 2,404,194
Deductions From Net Assets:
Benefit payments to participants (71,468) (51,058) (93,230) (7,462)
Net interfund transfers 383,654 209,689 (70,572) 27,883
------------ ------------ ------------ ------------
Total deductions 312,186 158,631 (163,802) 20,421
Participant loans (153,648) (3,575) (60,436) (3,500)
------------ ------------ ------------ ------------
Net increase 9,189,344 1,768,109 13,847,111 2,421,115
Net Assets Available For Benefits:
Beginning of year -- -- -- --
------------ ------------ ------------ ------------
End of year $ 9,189,344 $ 1,768,109 $ 13,847,111 $ 2,421,115
============ ============ ============ ============
<CAPTION>
Participant Directed
------------------------------------------------------------------------------
Fidelity
Diversified Pittway
Fidelity Spartan Market International Corporation
Magellan Fund Index Fund Fund Stock Fund
-------------- ------------ ------------ ----------
<S> <C> <C> <C> <C>
Additions To Net Assets:
Investment Income:
Net appreciation (depreciation) in fair
value of investments $ 4,126,203 $ 350,310 $ 106,082 $ 5,676,198
Interest and dividends 425,283 8,930 47,199 12,174
-------------- ------------ ------------ -----------
4,551,486 359,240 153,281 5,688,372
Contributions:
Participant contributions 423,836 88,633 48,076 --
Employer's contributions 113,576 25,084 14,792 --
-------------- ------------ ------------ -----------
537,412 113,717 62,868 --
Transfer from Pittway Corporation (Note 1) 12,996,236 1,170,111 1,077,304 7,608,814
-------------- ------------ ------------ -----------
Total additions 18,085,134 1,643,068 1,293,453 13,297,186
Deductions From Net Assets:
Benefit payments to participants (183,658) (2,948) (24,387) (79,746)
Net interfund transfers (207,600) 72,756 (24,272) (303,754)
-------------- ------------ ------------ -----------
Total deductions (391,258) 69,808 (48,659) (383,500)
Participant loans (85,556) (7,000) -- --
-------------- ------------ ------------ -----------
Net increase 17,608,320 1,705,876 1,244,794 12,913,686
Net Assets Available For Benefits:
Beginning of year -- -- -- --
-------------- ------------ ------------ -----------
End of year $ 17,608,320 $ 1,705,876 $ 1,244,794 $12,913,686
============== ============ ============ ===========
<CAPTION>
Participant Directed
------------------------------------------------------------------------------
Aptar Group, Penton Media Loan
Inc. Stock Fund Inc. Stock Fund Fund Total
------- ------------ ------------- -------------
<S> <C> <C> <C> <C>
Additions To Net Assets:
Investment Income:
Net appreciation (depreciation) in fair
value of investments $ (7,228) $ 1,374,675 $ -- $ 14,549,352
Interest and dividends 711 5,765 -- 1,483,359
------------ ------------ --------------- ------------
(6,517) 1,380,440 -- 16,032,711
Contributions:
Participant contributions -- 140,519 (242,197) 1,462,512
Employer's contributions -- 19,120 -- 444,393
------------ ------------ --------------- ------------
-- 159,639 (242,197) 1,906,905
Transfer from Pittway Corporation (Note 1) 512,771 2,522,037 1,335,775 49,160,575
------------ ------------ --------------- ------------
Total additions 506,254 4,062,116 1,093,578 67,100,191
Deductions From Net Assets:
Benefit payments to participants (588) (24,723) (4,445) (543,713)
Net interfund transfers (23,195) (64,589) -- --
------------ ------------ --------------- ------------
Total deductions (23,783) (89,312) (4,445) (543,713)
Participant loans -- -- 313,715 --
------------ ------------ --------------- ------------
Net increase 482,471 3,972,804 1,402,848 66,556,478
Net Assets Available For Benefits:
Beginning of year -- -- -- --
------------ ------------ --------------- ------------
End of year
$ 482,471 $ 3,972,804 $ 1,402,848 $ 66,556,478
============= ============ =============== ============
The accompanying notes to financial statements are an integral part of this statement.
</TABLE>
<PAGE> 8
PENTON MEDIA, INC.
RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
1. PLAN DESCRIPTION
The following description of the Penton Media, Inc. Retirement Savings
Plan (the "Plan") provides only general information. Participants should
refer to the Plan agreement for a more complete description of the Plan's
provisions.
General
-------
Prior to August 7, 1998, Penton Media, Inc. ("Penton") was a wholly owned
subsidiary of Pittway Corporation ("Pittway"). Subsequent to the spinoff
from Pittway, effective September 1, 1998, the Company adopted the Plan,
a 401(k) defined contribution plan. All assets and liabilities
attributable to Penton employees in the Pittway 401(k) plan were
transferred to Penton's Plan.
The Plan is subject to the provisions of the Employee Retirement Income
Security Act of 1974 (ERISA). All non-union employees of the Company
become eligible to participate in the plan on the first day of the month
that is at least 30 days after the date on which the employee begins
employment with the Company.
Contributions
-------------
Each year, participants may contribute up to 15 percent of pretax annual
compensation, as defined in the Plan. Unless waived, 3% of an eligible
employee's compensation will automatically be deducted and contributed to
the Plan. The matching percentage contributed by the Company is
determined by resolution of the Board of Directors of the Company, at
their discretion. During 1998, the Company contributed 50% percent of the
first 6% percent of the contribution that the participant contributes to
the Plan. Contributions are subject to certain limitations.
Participant accounts
--------------------
Each participant's account is credited with the participant's
contribution and allocations of (a) the Company's contribution, and (b)
Plan earnings. Allocations are based on participant earnings or account
balances, as defined. The benefit to which a participant is entitled is
the benefit that can be provided from the participant's vested account.
Vesting
-------
Participants are immediately vested in both employee and the employer
contributions, plus actual earnings thereon.
Investment options
------------------
Upon enrollment in the Plan, a participant may direct employee and
matching employer contributions in whole percent increments in any of
eight investment options held by Fidelity Investments Institutional
Operations Company, Inc. as trustee.
Fidelity Retirement Government Money Market Portfolio is a money market
mutual fund that invests in obligations, issued or guaranteed as to
principal and interest by the U.S. Government.
Fidelity Managed Income Portfolio is a stable value fund (not a mutual
fund). It invests primarily in high-quality, short and long term
insurance company investment contracts (GICs), bank investment contracts
(BICs), short term money market instruments and "synthetic" GICs (debt
obligations issued by one institution and insured by another as to the
payment of principal at maturity).
Fidelity Growth & Income Portfolio is a growth and income mutual fund,
which seeks long-term capital growth, current income, and growth of
income consistent with reasonable investment risk. It invests primarily
in U.S. and foreign stocks, focusing on those that pay dividends and show
potential earnings growth. It may also invest in bonds.
8
<PAGE> 9
PENTON MEDIA, INC.
RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS, CONTINUED
1. PLAN DESCRIPTION, CONTINUED
Fidelity Emerging Growth Fund is a growth mutual fund and invests
primarily in stocks of small and medium size developing companies that
have the potential to grow rapidly. Such stocks may be subject to abrupt
or erratic price changes. A redemption fee of .75% is charged if shares
are sold within 90 days of purchase.
Fidelity Magellan Fund is a growth mutual fund and seeks long-term
capital appreciation by investing in the stocks of both well known and
lesser known companies with potentially above-average growth potential
and a correspondingly higher level of risk. Securities held by the fund
may include both foreign and domestic companies.
Spartan Market Index Fund is a growth mutual fund and invests primarily
in the stocks that are included in the Standard & Poor's Composite Index
of 500 stocks and other securities that are based on the value of the
index.
Fidelity Diversified International Fund is a growth mutual fund that
invests primarily in stocks of companies located outside of the U.S. that
are included in the Morgan & Stanley EAFE Index (Europe, Australia, Far
East Index). It seeks stocks of larger companies that are considered
undervalued in their countries.
AptarGroup, Inc. Stock Fund is a fund which, under a former plan,
invested exclusively in shares of AptarGroup, Inc. stock ("Aptar Stock").
Any contributions or investment gains previously invested in the
AptarGroup, Inc. Stock Fund, may, at the present time, remain invested in
Aptar Stock. These contributions or investment gains may also be
reinvested in another fund. The AptarGroup, Inc. Stock Fund is no longer
available as an investment option for future contributions.
Pittway Corporation Stock Fund is a fund which, under a former plan,
invested exclusively in shares of Pittway Corporation Class A stock
("Pittway Stock"). Any contributions or investment gains previously
invested in the Pittway Corporation Stock Fund may, at the present time,
remain invested in Pittway Stock. These contributions or investment gains
may also be reinvested in another fund. The Pittway Corporation Stock
Fund is no longer available as an investment option for future
contributions.
Penton Media, Inc. Stock Fund invests exclusively in shares of Penton
Media, Inc. stock ("Penton Stock"). Investment gains may result from both
dividends and increases in the market value of shares.
Participant loans
-----------------
Participants may borrow from their fund accounts a minimum of $1,000 not
to exceed 50 percent of the vested account balance. Loan repayments are
treated as a transfer to the investment funds from the Loan Fund.
Participant loans are reflected as a transfer from the respective
investment funds to the Loan Fund. Loan terms may not exceed five years.
The loans are secured by the balance in the participant's vested account
and carry an interest rate equal to the prime rate plus one percent on
the date of the loan. Interest rates range from 8.75 percent to 10.00
percent. Principal and interest is paid ratably through payroll
deductions.
Payment of benefits and withdrawals
-----------------------------------
A participant may withdraw his balance by filing a written request with
the plan administrator. Hardship withdrawals require documentation of an
immediate financial need and the withdrawal must meet requirements
outlined in the plan document.
Upon termination of employment or death, the accumulated benefits will be
paid to the participant
9
<PAGE> 10
PENTON MEDIA, INC.
RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS, CONTINUED
1. PLAN DESCRIPTION, CONTINUED
based on their payment election. Participants may elect to receive either
a lump sum, a series of installments over a period of time as determined
by the plan document, or a combination of the two.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of accounting
-------------------
The financial statements of the Plan have been prepared on the accrual
basis of accounting in accordance with generally accepted accounting
principles ("GAAP").
The plan presents in the statement of changes in net assets the net
appreciation (depreciation) in the fair value of its investments, which
consists of the realized gains or losses and the unrealized appreciation
on those investments.
Use of estimates
----------------
The preparation of financial statements in conformity with generally
accepted accounting principles requires management to make estimates and
assumptions that affect the amounts reported in the financial statements
and accompanying notes. Actual results could differ from these estimates.
Investment Valuation and Income Recognition
-------------------------------------------
Investments in the AptarGroup Stock Fund, Pittway Stock Fund, and Penton
Stock Fund are valued at quoted market prices at year end. Investments in
the Fidelity Magellan Fund, Fidelity Growth and Income Fund, Fidelity
Market Index Fund, Fidelity Emerging Growth Fund and Fidelity Diversified
International Fund are valued at quoted market prices which represent the
net asset value of shares held by the Plan at year-end. Investments in
the Fidelity Money Market Fund and Fidelity Managed Income Fund are
stated at fair value as determined by the trustee. Participant loans are
valued at cost which approximates market value.
Purchases and sales of securities, including related gains and losses,
are recorded as of the trade date. Interest income is recorded when
earned. Dividend income is recorded on the ex-dividend date.
Payment of Benefits
-------------------
Benefits are recorded when paid.
Trustee Expenses and Administrative Expenses
--------------------------------------------
Trustee expenses and administrative expenses incurred in the
administration of the Plan are paid by the Company.
3. PARTY-IN-INTEREST TRANSACTIONS
Party-in-interest transactions consist of loans made to participants and
investments in the Penton Media, Inc. Stock Fund, Pittway Corporation
Stock Fund, and AptarGroup, Inc. Stock Fund. Shares in the Penton Media,
Inc. Stock Fund are acquired on the open market at fair market value on
the date purchased. Party-in-interest transactions also consist of the
investments in the Fidelity Funds as Fidelity is the trustee of the Plan.
10
<PAGE> 11
PENTON MEDIA, INC.
RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS, CONTINUED
4. PLAN TERMINATION
Although it has not expressed any intent to do so, the Company has the
right under the Plan to discontinue its contributions at any time and to
terminate the Plan subject to the provisions of ERISA.
5. INVESTMENTS
The cost and market value of investments at December 31, 1998 were as
follows:
<TABLE>
<CAPTION>
Market Number of
Cost Value Shares
---- ----- ------
<S> <C> <C> <C>
Fidelity Retirement Gov't Money Market Portfolio $ 9,171,367 $ 9,171,367 9,171,367
Fidelity Managed Income Portfolio 1,766,425 1,766,425 1,766,425
Fidelity Growth & Income Portfolio 11,500,482 13,833,696 301,782
Fidelity Emerging Growth Fund 1,882,510 2,419,608 76,160
Fidelity Magellan Fund 13,562,087 17,593,988 145,621
Spartan Market Index Fund 1,363,202 1,704,552 19,985
Fidelity Diversified International Fund 1,141,204 1,243,745 70,189
Pittway Corporation Stock Fund 6,470,626 12,913,686 390,578
AptarGroup, Inc. Stock Fund 130,777 482,471 17,192
Penton Media, Inc. Stock Fund 2,223,581 3,971,674 196,132
----------- -----------
$49,212,261 $65,101,212
=========== ===========
</TABLE>
6. FEDERAL INCOME TAX STATUS
A determination letter has not yet been requested for the Plan. However,
the plan administrator and the plan's tax counsel believe that the plan
is currently designed and being operated in compliance with the
applicable requirements of the Internal Revenue Code.
7. SUBSEQUENT EVENTS
Effective February 1, 1999, Internet World Media Inc., a wholly owned
subsidiary of the Company, adopted the Plan and began participation in
the Plan.
11
<PAGE> 12
<TABLE>
<CAPTION>
PENTON MEDIA, INC. RETIREMENT SAVINGS PLAN
LINE 27A - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
AT DECEMBER 31, 1998
Security Description Number of Shares Cost Market Value Interest Rate
- ------------------------------------------------------------- -------------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C>
Fidelity Retirement Government Money Market Portfolio * 9,171,367 $ 9,171,367 $ 9,171,367
Fidelity Managed Income Portfolio * 1,766,425 1,766,425 1,766,425
Fidelity Growth & Income Portfolio * 301,782 11,500,482 13,833,696
Fidelity Emerging Growth Fund * 76,160 1,882,510 2,419,608
Fidelity Magellan Fund * 145,621 13,562,087 17,593,988
Spartan Market Index Fund * 19,985 1,363,202 1,704,552
Fidelity Diversified International Fund * 70,189 1,141,204 1,243,745
Pittway Corporation Common Stock * 390,578 6,470,626 12,913,686
AptarGroup, Inc. Common Stock * 17,192 130,777 482,471
Penton Media, Inc. Common Stock * 196,132 2,223,581 3,971,674
Participant Loans * - 1,402,848 8.25% - 10.00%
---------------- ----------------
$ 49,212,261 $ 66,504,060
================ ================
* Party-in-interest
</TABLE>
12
<PAGE> 13
<TABLE>
<CAPTION>
PENTON MEDIA, INC. RETIREMENT SAVINGS PLAN
LINE 27B - SCHEDULE OF LOANS OR FIXED INCOME OBLIGATIONS
AT DECEMBER 31, 1998
Original Amount Received
Name and Address of Amount of During Reporting Year Unpaid Balance Amount Overdue
Obligor Loan Principal Interest at End of Year Description of Loan Principal Interest
------- ---- --------- -------- -------------- ------------------- --------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
* Linda D. Ferguson
3825 E 131 St - UP
Cleveland OH 44120 $ 6,640 $ 108 $ 43 $ 5,502 Loan originating 10/01/97 $ 329 $ 125
maturing on 03/16/02
(9.5%)
* Rudy Gomez
1959 Old Coachmand Road
Clearwater FL 33763 $ 4,000 $ -- $ -- $ 4,092 Loan originating 10/01/98 $ 292 $ 92
maturing 09/16/01 (9.5%)
* Craig A. Wise
235 E Main Street
New London OH 44851 $ 6,700 $ 145 $ 49 $ 5,375 Loan originating 10/01/97 $ 384 $ 120
maturing 09/19/01 (9.5%)
* Maureen C. Visnicky
4870 Lander Road
Orange Village OH 44022 $ 2,000 $ 167 $ 8 $ 868 Loan originating 03/02/98 $ 510 $ 15
maturing 02/17/99 (9.5%)
</TABLE>
*Party-in-interest
Note: The above information was obtained from or derived from data provided by
Fidelity Investments Institutional Operations Company, Inc. The Plan
administrator will inform obligor of past due amounts.
13
<PAGE> 14
<TABLE>
<CAPTION>
PENTON MEDIA, INC. RETIREMENT SAVINGS PLAN
LINE 27D - SCHEDULE OF REPORTABLE TRANSACTIONS
FOR THE FOUR MONTHS ENDED DECEMBER 31, 1998
The following schedule represents Plan transactions or series of transactions in excess of 5% of the current value of Plan assets
for the four months ended December 31, 1998:
Number of
Security Description Transactions Purchase Price Selling Price Cost of Asset Net Realized Gains
- ------------------------------- ------------ -------------- -------------- ------------- ------------------
<S> <C> <C> <C> <C> <C>
Fidelity Retirement Government
Money Market Portfolio:
Acquisitions 60 $ 9,577,270 $ 9,577,270 $ --
Dispositions 53 $ 406,126 $ 406,126 $ --
Fidelity Managed Income Portfolio:
Acquisitions 27 $ 2,022,723 $ 2,022,723 $ --
Dispositions 21 $ 256,297 $ 256,297 $ --
Fidelity Growth & Income Portfolio:
Acquisitions 58 $12,004,593 $12,004,593 $ --
Dispositions 40 $ 547,490 $ 504,110 $ 43,380
Fidelity Emerging Growth Fund:
Acquisitions 25 $ 1,931,762 $ 1,931,762 $ --
Dispositions 15 $ 58,672 $ 49,252 $ 9,420
Fidelity Magellan Fund:
Acquisitions 53 $14,144,295 $14,144,295 $ --
Dispositions 42 $ 676,510 $ 582,208 $ 94,302
Spartan Market Index Fund:
Acquisitions 30 $ 1,419,415 $ 1,419,415 $ --
Dispositions 15 $ 65,171 $ 56,214 $ 8,957
Fidelity Diversified International Fund:
Acquisitions 19 $ 1,198,975 $ 1,198,975 $ --
Dispositions 12 $ 61,311 $ 57,771 $ 3,540
Pittway Corporation Stock Fund:
Acquisitions 23 $ 7,620,988 $ 7,620,988 $ --
Dispositions 23 $ 383,501 $ 302,652 $ 80,849
AptarGroup, Inc. Stock Fund:
Acquisitions 9 $ 513,482 $ 513,482 $ --
Dispositions 9 $ 23,784 $ 7,016 $ 16,768
Penton Media, Inc. Stock Fund:
Acquisitions 33 $ 2,796,462 $ 2,796,462 $ --
Dispositions 23 $ 199,464 $ 170,428 $ 29,036
</TABLE>
14
<PAGE> 15
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
trustees (or other persons who administer the Plan) have duly caused this annual
report to be signed on its behalf by the undersigned hereunto duly authorized.
PENTON MEDIA, INC.
RETIREMENT SAVINGS PLAN
BY: /s/ JOSEPH G. NECASTRO
--------------------------------------------------
Joseph G. NeCastro
Member of Plan Administrative Committee
Date: June 29, 1999
15
<PAGE> 1
EXHIBIT 23
PENTON MEDIA, INC.
DECEMBER 31, 1998
FORM 11-K
CONSENT OF INDEPENDENT ACCOUNTANTS
----------------------------------
We hereby consent to the incorporation by reference in the Registration
Statement on Form S-8(No. 333-62385) of Penton Media, Inc. of our report dated
June 25, 1999 relating to the financial statements of Penton Media, Inc.
Retirement Savings Plan, which appears in this Form 11-K.
/s/ PricewaterhouseCoopers LLP
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PricewaterhouseCoopers LLP
Cleveland, Ohio
June 29, 1999
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