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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
JANUARY 8, 2001
Date of Report (Date of earliest event reported)
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FREEREALTIME.COM, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 0-27493 33-0881720
(State or other Jurisdiction (Commission File (IRS Employer
of Incorporation) Number) Identification Number)
26880 LAGUNA HILLS DR., SUITE 200 92656
ALISO VIEJO, CALIFORNIA (Zip Code)
(Address of principal executive offices)
(949) 916-4100
(Registrant's telephone number, including area code)
3333 MICHELSON DRIVE, SUITE 430
IRVINE, CALIFORNIA 92612
(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS
In an effort to streamline and focus the operations of the Company, on
January 8, 2001, Freerealtime.com (the "Company") reconfigured its Board of
Directors with the resignation of three directors and the election of Michael
Alex, a representative of Jefferies & Co., Inc., who, combined with its
officers, affiliates and related parties, constitutes the largest corporate
shareholder in the Company. The resigning members are Messrs. Ari Engelberg,
Brad Gunn, and Stephen N. Livingston. Including the election of Alex, the second
Jefferies representative on the Board, the Board of Directors has been reduced
to nine members. In related moves, certain directors involved in management of
the Company, including Chairman Geoff Moore, Marcus Robins, Scott Brown and Brad
Gunn agreed to material reductions in cash compensation in exchange for
equity-based compensation and the Board directed these managers to align
substantially all their management resources and efforts to the Company's key
revenue initiatives and to efficient management of operations. Accordingly, Brad
Gunn, who stepped down from the Board, exchanged his corporate officer
responsibilities as President & Co-CEO to Founder & Chief Internet Strategist in
order to focus all of his attention on day-to-day management of Web content and
services operations, rather than corporate administration and governance
matters.
ITEM 7. EXHIBITS.
None.
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.
FREEREALTIME.COM, INC.
(Registrant)
By: /s/ M'LISS JONES KANE
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Name: M'Liss Jones Kane
Title: Vice President and General Counsel
Date: January 17, 2001
