ABOUT COM INC
8-K, 2000-10-31
COMPUTER INTEGRATED SYSTEMS DESIGN
Previous: ABOUT COM INC, 425, 2000-10-31
Next: ABOUT COM INC, 8-K, EX-2.1, 2000-10-31



<PAGE>
--------------------------------------------------------------------------------

                       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):
                      OCTOBER 31, 2000 (OCTOBER 29, 2000)

                                ----------------

                                ABOUT.COM, INC.
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

                                    DELAWARE
                 (STATE OR OTHER JURISDICTION OF INCORPORATION)

       000-25525                                         13-4034015
(COMMISSION FILE NUMBER)                    (I.R.S. EMPLOYER IDENTIFICATION NO.)

       1440 BROADWAY, 19TH FLOOR,                          10018
            NEW YORK, NEW YORK                           (ZIP CODE)
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)

                                 (212) 204-4000
              (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)

                                      N.A.
         (FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)

--------------------------------------------------------------------------------

<PAGE>

ITEM 5.  OTHER EVENTS.

         About.com, Inc. (the "Company") issued a press release on October
30, 2000 announcing that it had entered into an Agreement and Plan of Merger,
dated as of October 29, 2000 (the "Merger Agreement"), among the Company,
PRIMEDIA Inc., a Delaware corporation ("Primedia"), and Abacadabra
Acquisition Corporation, a Delaware corporation and a direct, wholly-owned
subsidiary of Primedia ("Merger Sub"). Pursuant to the Merger Agreement,
Merger Sub will be merged with and into the Company (the "Merger"), with the
Company continuing as the surviving corporation. As a result of the Merger,
the Company will become a wholly-owned subsidiary of Primedia. The
transaction has been approved by the Boards of Directors of both Primedia and
the Company. Pursuant to the Merger Agreement, the Company's stockholders
will receive 2.3409 shares of Primedia's common stock for each share of the
Company's common stock that they own. The exchange of shares will be a
tax-free exchange and the transaction is expected to be completed by June 30,
2000. For information regarding all of the terms and conditions of the
Merger, including the consideration to be paid to the Company's stockholders,
reference is made to the Merger Agreement, filed as Exhibit 2.1 hereto, and
the press release, incorporated herein by reference to the Company's Rule 425
filing, dated October 31, 2000.

         Consummation of the Merger is subject to certain conditions, including
termination or expiration of the waiting period under the Hart-Scott-Rodino
Antitrust Improvements Act of 1976, as amended, approval by the Company's
stockholders and other customary closing conditions.

         In connection with the execution of the Merger Agreement, the
Company and certain stockholders of Primedia, holding more than 70% of the
outstanding shares of common stock of Primedia, entered into a voting
agreement, dated as of October 29, 2000, pursuant to which those stockholders
agreed to vote their shares of Primedia common stock for the approval of the
issuance of Primedia's common stock pursuant to the Merger Agreement.

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

(c) Exhibits.

EXHIBIT NO.
-----------
2.1      Agreement and Plan of Merger, dated as of October 29, 2000, by and
         among PRIMEDIA Inc., Abacadabra Acquisition Corporation
         and About.com, Inc.

99.1     Press Release, dated October 31, 2000 (incorporated by reference to
         the Company's Rule 425 filing, dated October 31, 2000).
<PAGE>

                                   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.

                                  ABOUT.COM, INC.
                                  ----------------------------------------
                                  (Registrant)


                                  By: /s/ Scott P. Kurnit
                                     ------------------------------------
                                     Name:  Scott P. Kurnit
                                     Title: Chairman and Chief Executive Officer

Dated: October 31, 2000

<PAGE>


EXHIBIT NO.                     EXHIBIT INDEX
-----------                     -------------
2.1      Agreement and Plan of Merger, dated as of October 29, 2000, by and
         among PRIMEDIA Inc., Abacadabra Acquisition Corporation
         and About.com, Inc.

99.1     Press Release, dated October 31, 2000 (incorporated by reference to
         the Company's Rule 425 filing, dated October 31, 2000).



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission