<PAGE> 1
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): NOVEMBER 1, 1999
NEXTERA ENTERPRISES, INC.
(Exact name of Registrant as specified in its charter)
DELAWARE 0-23503 95-4700410
(State or Other (Commission File Number) (I.R.S. Employer
Jurisdiction of Incorporation) Identification No.)
ONE CRANBERRY HILL,
LEXINGTON, MASSACHUSETTS 02421
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (781) 778-4400
<PAGE> 2
This Current Report on Form 8-K is filed by Nextera Enterprises, Inc., a
Delaware corporation (the "Company"), in connection with the matters described
herein.
ITEM 5. OTHER EVENTS.
On November 1, 1999, the Company issued the attached press release.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
Exhibit 99 Press Release, dated November 1, 1999.
2
<PAGE> 3
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.
Date: November 5, 1999 NEXTERA ENTERPRISES, INC.
By: /s/ Stanley E. Maron
-------------------------------------
Stanley E. Maron
Secretary and Director
3
<PAGE> 4
EXHIBIT INDEX
Exhibit
Number Description
- ------- -----------
99 Press Release, dated November 1, 1999.
<PAGE> 1
Exhibit 99
NEXTERA NAMES STEVEN FINK CEO; THIRD QUARTER RESULTS EXPECTED TO BE WITHIN RANGE
OF ANALYST EXPECTATIONS
BOSTON, Nov. 1 /PRNewswire/ -- Steven Fink, Vice Chairman of Knowledge Universe,
has been named Chairman and Chief Executive Officer of Nextera Enterprises, Inc.
(Nasdaq: NXRA - news). Mr. Fink, who has been a board member of Nextera since
its inception, replaces Gresham T. Brebach, Jr., in those positions.
Separately, Nextera announced that third quarter revenues and earnings are
expected to be within the range of analyst expectations.
Nextera's Board expressed appreciation for Mr. Brebach's dedication, hard work
and for his efforts in putting together an excellent management team and
building the company to its present level. "We wish Gresh all the best in his
future endeavors," a spokesperson for the Board said.
"We are extremely pleased that Steven Fink has agreed to accept this position,"
the spokesperson continued. "We are confident that the strategic vision,
management experience and leadership abilities he brings to the company will
allow Nextera to capitalize on its opportunities for growth, as well as to
further enhance shareholder value."
Mr. Fink added, "Nextera has an outstanding group of businesses with an
astounding group of people. There are a myriad of opportunities available to
this company. My goal, over both the near and long-term, is to work with
management to maximize the potential of their businesses. I am pleased to have
the opportunity to be a part of such an exciting business and to work,
day-to-day, with such a talented team of people."
In addition to his role at Knowledge Universe, Mr. Fink also serves as Chairman
of the Board of Spring Group, plc, a publicly-traded company based in the United
Kingdom. His experience includes serving as Chairman and CEO of Anthony
Manufacturing Company, a specialty glass manufacturer with plants in the United
States, Japan, Italy and Venezuela. He has also been involved in a number of
privately-held companies and investment vehicles in the media,
telecommunications, technology, healthcare and educational software fields.
Nextera Enterprises is a leading provider of strategy and IT implementation
services aimed at helping clients extend or transform their businesses. By
combining strong e-commerce and e-business capabilities with expertise in
strategy formulation, business process transformation, human capital development
and IT design and implementation, we help clients increase business performance
or enter new markets. Our headquarters are located in Lexington, Massachusetts
and we currently have other offices in New York, San Francisco, Chicago,
Princeton, Raleigh, Rochester, Los Angeles, Dallas, London, Sidney and Toronto.
More information on Nextera can be found at www.nextera.com.
This press release contains certain forward-looking statements (as such term is
defined in the Private Securities Litigation Reform Act of 1995) relating to
Nextera Enterprises that are based on the beliefs of Nextera's management. Any
statements contained in this press release that are not historical facts are
forward-looking statements. Such statements are based on many important factors
that may be outside
<PAGE> 2
Nextera's control, causing actual results to differ materially from those
suggested. Such factors include, but are not limited to, Nextera's limited
operating history, dependence on key personnel, attracting and retaining
qualified consultants, new business solicitation efforts, intense competition,
risks of acquisitions, regulatory changes and changes in technology. Further
information on these and other potential factors that could affect Nextera's
financial and operating results are included in Nextera's most recent 10-Q
filing with the Securities and Exchange Commission.
SOURCE: Nextera Enterprises, Inc.
