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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): May 24, 1999
CAREERBUILDER, INC.
(Exact Name of Registrant as Specified in its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
54-1779164
(Commission File Number) (IRS Employer Identification No.)
11495 Sunset Hills Road
Reston, Virginia 20190
(Address of principal executive offices)
(703) 709-1001
(Registrant's Telephone Number, Including Area Code)
Not Applicable
(Former Name or Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS
CareerBuilder, Inc. (the "Company") is filing this Current Report on Form
8-K for the purpose of filing with the Commission as an exhibit hereto a joint
press release issued by the Company and Microsoft Corp. ("Microsoft") dated May
24, 1999, announcing a strategic arrangement between the Company and Microsoft
and an equity investment in the Company by Microsoft.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
INFORMATION AND EXHIBITS
(a) Financial Statement of Business Acquired.
None.
(b) Pro Forma Financial Information.
None.
(c) Exhibits.
(99) Press Release dated May 24, 1999.
The exhibit listed in the Exhibit Index filed as part of this report
are filed as part of or are included in this report.
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SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: May 25, 1999 CAREERBUILDER, INC.
By: /s/ JAMES A. THOLEN
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James A. Tholen
Chief Financial Officer
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EXHIBIT INDEX
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EXHIBIT NO. Description
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99 Press Release
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EXHIBIT 99
FOR RELEASE 9:30 A.M. EDT
MAY 24, 1999
MICROSOFT INVESTS $17.8 MILLION IN STRATEGIC ALLIANCE WITH CAREERBUILDER
MSN, CareerBuilder to Roll Out Comprehensive Career Services for Job Seekers and
Employers On the MSN Network
REDMOND, WASH., AND RESTON, VA. -- MAY 24, 1999 -- Microsoft Corp. and
CareerBuilder Inc. today announced the formation of a strategic arrangement to
jointly develop a private-label career center for the MSN(TM) network of
Internet services. Under the terms of the agreement, the more than 28 million
people* who visit MSN each month will have access to employment listings, career
advice content and personal search agent technology offered exclusively by
CareerBuilder.
In addition, Microsoft has invested $17.8 million for a minority stake in
CareerBuilder and received warrants exercisable for additional shares. The
alliance will play a key role in the MSN programming strategy, which aims to
deliver the best integrated services on the Internet, combining content from
industry-leading providers with Microsoft-proprietary content and best-of-breed
technologies.
"We are very excited that Microsoft chose CareerBuilder to provide
private-labeled career centers on MSN," said Rob McGovern, president and CEO of
CareerBuilder. "Job seekers will now have a value-added service that delivers
job postings and valuable career content, enabling them to effectively manage
their careers."
A continuation of the MSN mission to provide consumers with the most
complete set of services on the Web and help them get things done, the MSN
career service is scheduled to be available later this year. It will be the
latest addition to the CareerBuilder Network, which now
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consists of 23 different professional, diversity and broad-appeal career sites,
enabling employers to target postings to select communities of potential
employees. Other network sites include USA TODAY Online, BusinessWeek Online,
CNET, American Banker and HISPANIC Online.
ABOUT CAREERBUILDER
CareerBuilder Inc. (Nasdaq "CBDR") provides comprehensive online
recruitment product and services offerings for employers and job seekers. The
CareerBuilder Network consists of CareerBuilder.com, the company's flagship
career site, and career centers located on the Internet sites of 22 premier
interactive media companies, including Black Enterprise Online, Internet.com,
PDR's Medical Economics and Women Connect.com. CareerBuilder's more than 650
subscriber customers include GTE Internetworking, Bristol-Meyers Squibb and
Continental Airlines.
CareerBuilder products and services are sold directly and through
Automatic Data Processing Inc. (ADP). CareerBuilder is headquartered in Reston,
Va. For more information about the company, visit
http://www.careerbuilder.com/corporate/.
ABOUT MSN AND MICROSOFT
MSN is the network of Internet services from Microsoft that helps people
better organize the Web around what's important to them. The network of MSN
services, located on the Web at MSN.COM (http://msn.com/), helps people easily
stay in touch with friends and colleagues, make smart and secure purchasing
decisions, and get more done. MSN offers award-winning e-mail functionality;
personal communications services; customizable access to news; popular sites for
travel, investing, automotive services, shopping and more; an online community;
a Web search engine and directories; and top-rated Internet access.
Founded in 1975, Microsoft (Nasdaq "MSFT") is the worldwide leader in
software for personal computers. The company offers a wide range of products and
services for business and
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personal use, each designed with the mission of making it easier and more
enjoyable for people to take advantage of the full power of personal computing
every day.
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* According to an April 1999 study done by Media Metrix.
Microsoft and MSN are either registered trademarks or trademarks of Microsoft
Corp. in the United States and/or other countries. Other product and company
names herein may be trademarks of their respective owners.
FOR MORE INFORMATION, PRESS ONLY:
Amy Wilson, Shandwick for Microsoft, (425) 452-5400,
[email protected]
Jennifer Giles, CareerBuilder, (703) 925-3590,
[email protected]
Note to editors: If you are interested in viewing additional information on
Microsoft, please visit the Microsoft Web page at
http://www.microsoft.com/presspass/ on Microsoft's corporate information pages.
