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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
March 1, 2000
Date of report (Date of earliest event reported)
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INSWEB CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 0-26083 94-3220479
(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
Incorporation or organization) Identification No.)
901 Marshall Street, Redwood City, California 94063
(Address of principal executive offices)
(650) 298-9100
(Registrant's telephone number, including area code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events.
A copy of the press release issued by InsWeb Corporation, a Delaware
corporation (the "Company") on March 1, 2000 is filed as Exhibit 99.1 to this
Current Report and is incorporated herein by reference.
(c) Exhibits
99.1 Press Release issued by the Company on March 1, 2000.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
InsWeb Corporation
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(Registrant)
Dated: March 16, 2000 By: /s/ Marian Taylor
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Name: Marian Taylor
Title: Senior Vice President, Secretary
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EXHIBIT INDEX
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Exhibit No. Description
<S> <C>
99.1 Press Release issued by the Company on March 1, 2000
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EXHIBIT 99.1
INSWEB CORPORATION
FOR IMMEDIATE RELEASE
Contact Information
Media Relations:
Greg Jones
InsWeb Corporation,
650-817-0213
[email protected]
Investor Relations:
Jennifer Jarman
the blueshirt group
415-217-7722
[email protected]
INSWEB CFO RESIGNS TO PURSUE BROADBAND INFRASTRUCTURE OPPORTUNITY
INSWEB IS IN THE MIDST OF ITS BEST-EVER QUARTER
REDWOOD CITY, Calif., March 1, 2000 -- InsWeb Corp. (Nasdaq: INSW) announced
today that Stephen Robertson has resigned as chief financial officer,
effective March 6, to join an emerging company in the broadband
infrastructure industry.
"We are sorry to see Stephen go, but his departure comes at time when our
business is very strong," said Hussein Enan, chief executive officer of
InsWeb. "We are in the middle of our best quarter ever. Our site traffic is
at record levels and we estimate first quarter revenues will be in excess of
$8 million."
David Quinlivan, senior vice president of finance for InsWeb, will continue
to oversee investor relations and financial and strategic planning. Andrew
Urushima, vice president and controller of InsWeb, will continue to manage
all accounting functions, including reporting, treasury and tax. InsWeb has
begun a search for a permanent successor to Robertson.
"Our day-to-day financial matters are in the capable hands of a very
experienced and talented team led by David and Andrew, and we believe that
InsWeb will continue to lead the online insurance industry," concluded Enan.
ABOUT INSWEB
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InsWeb, the leading online insurance marketplace (http://www.insweb.com),
helps consumers save time and money by providing free, multiple insurance
quotes sponsored by the nation's leading insurance companies. InsWeb's 49
participating insurers offer auto, health, homeowners, renters, term life,
and pet insurance. InsWeb is accessible from more than 170 leading sites on
the Internet, including Yahoo!, MSN, Snap.com, LookSmart, and E*TRADE.
InsWeb provides real-time customer service, interactive tools, and research
capabilities that help consumers make confident and better-informed
decisions. InsWeb is rated the no. 1 insurance site by Gomez Advisors and by
Lafferty Group, and was recently named one of 50 "Best of the Web" financial
sites by MONEY and the top insurance site by YAHOO! INTERNET LIFE. Across
the Pacific, the InsWeb brand and technical platform support InsWeb Japan
K.K. -- a joint venture with co-founder SOFTBANK Finance Corp., Marsh &
McLennan Companies Inc. and Microsoft. InsWeb is headquartered in Redwood
City, Calif.
This press release contains forward-looking statements. It is based on
current information which we have assessed, but which by its nature is
dynamic and subject to abrupt changes. The company's actual results might
differ materially from those stated or implied by such forward-looking
statements due to risks and uncertainties associated with the company's
business; which include, but are not limited to, consumer acceptance of and
the company's further implementation of new product offerings. The
forward-looking statements should be considered in the context of these and
other risk factors disclosed in the company's most recent filings with the
Securities and Exchange Commission.
"INSWEB" is a registered service mark of InsWeb Corporation. All marks above
are those of InsWeb Corporation, except for those of insurance carriers,
brokers, agents, industry organizations, financial institutions, online
partners, service providers, other mentioned companies and educational
institutions, which are the marks of their respective entities.
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