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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): April 20, 2000
iVillage Inc.
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(Exact name of registrant as specified in its charter)
Delaware 000-25469 13-3845162
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
organization)
212 Fifth Avenue, New York, New York 10010
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 206-3100
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(Former name or former address if changed since last report)
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Item 5. Other Events
On April 20, 2000, iVillage Inc. ("iVillage") issued a press
release announcing its appointment of Douglas McCormick as iVillage's new
President. Mr. McCormick is currently a director of iVillage and will remain a
member of the Board of Directors after assuming his duties as President. Mr.
McCormick will assume his full duties as President effective immediately and
will report directly to iVillage's Chief Executive Officer, Candice Carpenter. A
copy of iVillage's press release announcing this appointment is attached as
Exhibit 99.1 hereto and is incorporated by reference into this Report.
In addition, on April 20, 2000, iVillage issued a separate
press release with respect to the intention of Allison Abraham to resign as
iVillage's Chief Operating Officer. A copy of such press release is attached as
Exhibit 99.2 hereto and is incorporated by reference into this Report.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Not applicable.
(b) Not applicable.
(c) Exhibits
99.1 Press Release dated April 20, 2000 regarding
iVillage Inc.'s announcement of its
appointment of Douglas McCormick as
iVillage's new President.
99.2 Press Release dated April 20, 2000 with
respect to the intention of Allison Abraham
to resign as iVillage's Chief Operating
Officer.
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SIGNATURE
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 thereunto duly authorized.
iVillage Inc.
(Registrant)
Date: April 21, 2000 By: /s/ Steven A. Elkes
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Steven A. Elkes
Senior Vice President,
Business Affairs
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EXHIBIT INDEX
Exhibits
99.1 Press Release dated April 20, 2000 regarding iVillage Inc.'s
announcement of its appointment of Douglas McCormick as iVillage's new
President.
99.2 Press Release dated April 20, 2000 with respect to the intention of
Allison Abraham to resign as iVillage's Chief Operating Officer.
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[LOGO]
FOR IMMEDIATE RELEASE
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DOUG McCORMICK NAMED PRESIDENT OF iVILLAGE
Former Lifetime Television CEO Joins Leading Women's Network Online
New York, NY - April 20, 2000 - iVillage Inc. (Nasdaq: IVIL), operator of
iVillage.com: The Women's Network (http://www.ivillage.com and AOL keyword:
ivillage), today named Doug McCormick, recently CEO of Lifetime Television for
Women and a longtime leader in women's media, to the newly created position of
President, iVillage Inc. The appointment is effective immediately and was
announced by Candice Carpenter, iVillage's CEO.
"I am thrilled to welcome Doug to our management team. He is a seasoned pro who
developed the number-one electronic media company for women while he was at
Lifetime. His knowledge of the women's space, as well as his involvement and
many contributions as a board member, will help take our rapidly expanding
franchise to the next level," said Carpenter in making the announcement.
As President, McCormick will be responsible for day-to-day operations of the
Company, with full P&L responsibilities including finance, corporate
communications, international operations, and human resources. He will report to
Ms. Carpenter who will also continue to lead the company's strategy and
corporate development activities, including partner strategies, brand
development and extensions, international deals, and new-media initiatives.
Nancy Evans will continue as Editor-in-Chief and Co-Chairperson.
"This is a terrific opportunity to join the market leader in this new media
category," said Doug McCormick, President, iVillage. "During the past year, I've
had the chance to work closely with Candice, Nancy and the Board of Directors
and know iVillage to be a great, strong company. Candice and Nancy have built an
extraordinary franchise and I am delighted to be part of it."
McCormick is the executive credited with creating the programming and marketing
strategy that catapulted Lifetime Television into the nation's number one
women's media brand in awareness and profitability. McCormick is credited with
making Lifetime the ninth most profitable network in the country. During his
six-year tenure as CEO, the market value of the network increased by more than
three billion dollars. He will continue to serve on iVillage's Board of
Directors.
<PAGE>
"I'm particularly excited to have Doug join our team based on his expertise in
building a multi-billion dollar brand targeted at women," said Nancy Evans,
Editor-in-Chief of iVillage. "He is a sophisticated marketer, well-respected
industry leader, as well as a friend."
Additionally, McCormick has been a strong advocate of women's issues. He sits on
the Board of Trustees of American Women in Radio and Television, the Child Care
Action Campaign, and the Women's Sports Foundation. He is also a member of the
Advertising Council's Executive Committee. McCormick is currently Chairman of
the International Radio and Television Society Foundation (IRTSF).
McCormick's efforts on behalf of women's and children's issues have won him many
awards, including the prestigious "Good Guy Award" from the National Women's
Political Caucus as well as top honors from the New York Women's Agenda, Girls,
Inc. and the Golden Cable ACE for Lifetime's efforts in combating breast cancer.
He is currently chairman of McCormick Media, Inc., a New York-based firm
specializing in providing services for emerging Internet and digital cable
properties. He received his MBA from Columbia University. He resides in
Manhattan and is the father of two teenage boys.
About iVillage.com: The Women's Network
iVillage.com: The Women's Network (http://www.ivillage.com and AOL keyword:
ivillage) is the leading women's network online providing practical solutions
and everyday support for women between the ages of 25 and 54. iVillage.com is
organized into branded communities that focus on issues of most importance to
women and provide interactive services, peer support and online access to
experts through 16 content channels and several stores. Content channels include
allHealth, Astrology, Beauty, Book Club, Click!: Where Computers Make Sense,
Diet & Fitness, Food, Garden, MoneyLife, ParentsPlace, Parent Soup, Pets,
Relationships, Travel, Work from Home, and Working Diva, and are complemented by
stores such as iBaby , iMaternity, Shopping Central, and PlusBoutique.
Established in 1995 and headquartered in New York City, iVillage Inc. (Nasdaq:
IVIL) is a new media company, recognized as an industry leader in developing
innovative sponsorship and commerce relationships that match the desire of
marketers to reach women with the needs of iVillage.com members for relevant
information and services.
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995:
iVillage Inc. has included in this press release certain "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995 concerning iVillage's business, operations and financial condition. The
words or phrases "can be", "expects", "may affect", "may depend", "believes",
"estimate", "project" and similar words and phrases are intended to identify
such forward-looking statements. Such forward-looking statements are subject to
various known and unknown risks and uncertainties and iVillage cautions you that
any forward-looking information provided by
<PAGE>
or on behalf of iVillage is not a guarantee of future performance. Actual
results could differ materially from those anticipated in such forward-looking
statements due to a number of factors, some of which are beyond iVillage's
control, in addition to those discussed in iVillage's other press releases,
public filings and statements by iVillage's management, including (i) the
volatile and competitive nature of the Internet industry, (ii) changes in
domestic and foreign economic and market conditions, (iii) the effect of
federal, state and foreign regulation on iVillage's business, and (iv) the
impact of recent and future acquisitions on iVillage's business and financial
condition. All such forward-looking statements are current only as of the date
on which such statements were made. iVillage does not undertake any obligation
to publicly update any forward-looking statement to reflect events or
circumstances after the date on which any such statement is made or to reflect
the occurrence of unanticipated events.
# # #
CONTACTS:
Media:
- ------
iVillage The Abernathy MacGregor Group
Jason Stell Carl Fischer
212.206.3141 212.371.5999
[email protected] [email protected]
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Analysts and Investors:
- -----------------------
iVillage The Abernathy MacGregor Group
Barbara Coffey Carina Thate
917.326.4193 212.371.5999
[email protected] [email protected]
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<PAGE>
[LOGO]
FOR IMMEDIATE RELEASE
- ---------------------
ALLISON ABRAHAM DEPARTS iVILLAGE
New York, NY - April 20, 2000 - iVillage Inc. (NASDAQ: IVIL), operator of
iVillage.com: The Women's Network (http://www.ivillage.com and AOL keyword:
ivillage), today announced that Allison Abraham, who has served as COO of
iVillage since 1998, has resigned to join Lifeminders.com as President and
Member of the Board of Directors. She will remain with iVillage through the
second quarter to ensure a proper and smooth transition.
"Allison has been a tremendous asset to iVillage during the early phase of our
growth," said Candice Carpenter, iVillage CEO. "She leaves us well positioned to
move to the next level of success. We wish her all the best in her new venture."
About iVillage.com: The Women's Network
iVillage.com: The Women's Network (http://www.ivillage.com and AOL keyword:
ivillage) is the leading women's network online providing practical solutions
and everyday support for women between the ages of 25 and 54. iVillage.com is
organized into branded communities that focus on issues of most importance to
women and provide interactive services, peer support and online access to
experts through 16 content channels and several stores. Content channels include
allHealth, Astrology, Beauty, Book Club, Click!: Where Computers Make Sense,
Diet & Fitness, Food, Garden, MoneyLife, ParentsPlace, Parent Soup, Pets,
Relationships, Travel, Work from Home, and Working Diva, and are complemented by
stores such as iBaby, iMaternity, Shopping Central, and PlusBoutique.
Established in 1995 and headquartered in New York City, iVillage Inc. (Nasdaq:
IVIL) is a new media company, recognized as an industry leader in developing
innovative sponsorship and commerce relationships that match the desire of
marketers to reach women with the needs of iVillage.com members for relevant
information and services.
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995:
iVillage Inc. has included in this press release certain "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995 concerning iVillage's business, operations and financial condition. The
words or phrases "can be", "expects", "may affect", "may depend", "believes",
"estimate", "project" and similar words and phrases are intended to identify
such forward-looking statements. Such
<PAGE>
forward-looking statements are subject to various known and unknown risks and
uncertainties and iVillage cautions you that any forward-looking information
provided by or on behalf of iVillage is not a guarantee of future performance.
Actual results could differ materially from those anticipated in such
forward-looking statements due to a number of factors, some of which are beyond
iVillage's control, in addition to those discussed in iVillage's other press
releases, public filings and statements by iVillage's management, including (i)
the volatile and competitive nature of the Internet industry, (ii) changes in
domestic and foreign economic and market conditions, (iii) the effect of
federal, state and foreign regulation on iVillage's business, and (iv) the
impact of recent and future acquisitions on iVillage's business and financial
condition. All such forward-looking statements are current only as of the date
on which such statements were made. iVillage does not undertake any obligation
to publicly update any forward-looking statement to reflect events or
circumstances after the date on which any such statement is made or to reflect
the occurrence of unanticipated events.
# # #
CONTACTS:
Media:
- ------
iVillage The Abernathy MacGregor Group
Jason Stell Carl Fischer
212.206.3141 212.371.5999
[email protected] [email protected]
- ----------------------- -------------
Analysts and Investors:
- -----------------------
iVillage The Abernathy MacGregor Group
Barbara Coffey Carina Thate
917.326.4193 212.371.5999
[email protected] [email protected]
- ------------------------- -------------
