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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC
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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): May 22, 2000
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INCOMNET, INC.
(Exact Name of Registrant as Specified in Charter)
CALIFORNIA 0-12386 95-2871296
(State of Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
2801 MAIN STREET, IRVINE, CALIFORNIA 92614
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (949) 251-8000
(Former Name of former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS.
As previously disclosed initially on September 22, 1999 and again on
February 11, 2000, in Form 8-Ks filed with the Securities and Exchange
Commission, Incomnet, Inc. and its wholly owned subsidiary Incomnet
Communications Corporation [collectively, the "Debtors"] each filed voluntary
petitions for protection under Chapter 11 of the Federal Bankruptcy Code in the
United States Bankruptcy Court for the Central District of California, Santa Ana
Division (the "Court").
The Debtors jointly filed a Debtors' Third Amended Joint Chapter 11
Plan of Reorganization (the "Plan") with the Court that was subsequently
confirmed. The Plan, as confirmed by the Court, cancelled any and all
existing Interests (including, without limitation, the Debtors' Existing
Common Stock and Incomnet, Inc.'s Existing Preferred Stock) and all Existing
Warrants and Options (collectively, "Equity Interests") and rights to acquire
Equity Interests. Therefore, if you hold Equity Interests in Incomnet Inc.,
the Equity Interests were cancelled pursuant to the confirmed Plan. Our
transfer agent has been instructed not to transfer any such Equity Interests
and Incomnet, Inc. intends to file a Form 15 immediately following the filing
of this Form 8-K. An excerpt from the Plan that discusses the cancellation of
Equity Interests is given in Exhibit 00-1.
Under the Plan, Incomnet Communications Corporation has received a
discharge from the Court and continues to operate its business. Except as
otherwise provided in the Plan or in any agreements contemplated under the
Plan, all estate property created in the Debtors' Reorganization Cases under
Bankruptcy Code Section 541 (excluding Incomnet, Inc.'s estate) vested in
Incomnet Communications Corporation free and clear of all claims, liens,
encumbrances, or Interests. Incomnet Communications Corporation may operate
its business and use, acquire, or dispose of property or settle or compromise
claims or Interests without the Court's supervision and free of any
restrictions imposed by the Bankruptcy Code or Bankruptcy Rules, other than
those restrictions that the Plan expressly imposes on Incomnet Communications
Corporation. Holders of Equity Interests that were cancelled pursuant to the
confirmed Plan received no interest of any kind in Incomnet Communications
Corporation for their cancelled Equity Interests.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) EXHIBITS.
The following exhibits are filed with this Current Report on Form 8-K:
EXHIBIT
NUMBER DESCRIPTION
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00.1 An excerpt from the approved Debtors' Third Amended Joint
Chapter 11 Plan of Reorganization
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Current Report to be signed on its behalf by the
undersigned hereunto duly authorized.
INCOMNET, INC.
A CALIFORNIA CORPORATION
By: /s/ STEPHEN A. GARCIA
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Stephen A. Garcia
CHIEF FINANCIAL OFFICER
Date: October 19, 2000
