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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): December 3, 1999
VALLEY MEDIA, INC.
(Exact name of registrant as specified in its charter)
Delaware 000-25617 94-2556440
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
1280 Santa Anita Court, Woodland, California 95776
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(Address of principal executive offices)(Zip Code)
Registrant's telephone number, including area code: (530) 661-6600
NOT APPLICABLE
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(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS.
On December 3, 1999, Valley Media, Inc. ("Valley") announced a senior
management restructuring. Melanie Cullen, Valley's Senior Vice President of
Information Services since March of 1998 and Vice President of Information
Services from February 1995 to March 1998, will assume the newly created role
of Chief Operating Officer and will be responsible for Operations, Purchasing
and Information Services. Ron Phillips, Valley's Senior Vice President of
Purchasing since March of 1998 and Vice President of Purchasing from February
1995 to March 1998, and John Kordic, Senior Vice President of Operations
since March of 1998 and Vice President of Operations from February 1995 to
March 1998, will both report to Ms. Cullen.
Randy Cerf, Valley's Senior Vice President and Chief Financial Officer
since March of 1998 and Vice President and Chief Financial Officer from
October of 1994 to March 1998, has been offered the newly created position of
Senior Vice President of New Media and Business Development. This position
will report directly to Rob Cain, Valley's President and Chief Executive
Officer. Valley is currently seeking a new Chief Financial Officer. Mr.
Cerf will remain in his current position until a replacement is found.
Valley has asked Ken Alterwitz, its Senior Vice President of Sales and
Marketing since March 1998 and Vice President of Sales and Marketing from
January 1995 to March 1998, to assume new responsibilities with Valley in
pursuit of its digital and global distribution initiatives. Valley is
seeking a new Senior Vice President of Sales and Marketing.
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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.
VALLEY MEDIA, INC.
By: /s/ Robert R. Cain
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Robert R. Cain
President and Chief Executive
Officer
Date: December 6, 1999
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