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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): June 16, 2000
COMMISSION FILE NUMBER: 0-27817
EDISON SCHOOLS INC.
(Exact name of registrant as specified in its charter)
DELAWARE 13-3915075
(State or other juris- (IRS Employer
diction of incorporation) Identification Number)
521 FIFTH AVENUE, 15TH FLOOR
NEW YORK, NEW YORK
10175
(Address of principal executive office)
(212) 419-1600
(Registrant's telephone number, including area code)
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Item 5. Other Events.
On June 15, 2000, Edison Schools Inc. (the "Company") announced the new schools
the Company expects to operate during the 2000-01 school year. A copy of the
press release is attached hereto as Exhibit 99.1 and incorporated herein.
On June 16, 2000, the Company announced the execution of a letter of intent with
IBM. Copies of two press releases related to this transaction are attached
hereto as Exhibit 99.2 and 99.3 and incorporated herein.
On June 16, 2000, the Company announced the filing of a registration statement
on Form S-1 with the Securities and Exchange Commission concerning the Company's
proposed public offering of class A common stock. A copy of the press release is
attached hereto as Exhibit 99.4 and incorporated herein.
The Company previously announced an agreement to manage all of the schools in
the Inkster, Michigan School District. As part of the Company's initial entry
into the whole-district market through the Inkster agreement, the Company
expects to incur approximately $4.0 million of incremental pre-opening costs in
fiscal 2001, primarily in the first quarter. These costs primarily relate to
severance and other personnel obligations within the district, which the Company
was required to assume in connection with the award of the contract.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits
EXHIBIT
NO. DESCRIPTION
99.1 Press Release dated June 15, 2000
99.2 Press Release dated June 16, 2000
99.3 Press Release dated June 16, 2000
99.4 Press Release dated June 16, 2000
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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.
EDISON SCHOOLS INC.
By: /s/ James L. Starr
---------------------------------
James L. Starr
Chief Financial Officer and
Executive Vice President
Dated: June 16, 2000
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