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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) October 6, 1995
PAGES, Inc.
Commission File Number 0-107475
Incorporated - Delaware IRS Identification Number 34-1297143
801 94th Avenue North, St. Petersburg, Florida 37702
Registrant's telephone number, including area code (813) 578-3300
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Item 5. Other Events
As previously reported, during February, 1995, John Minnick d/b/a Minnick
Capital Management filed a class action suit in the United States District
Court, Middle District of Florida, Tampa Division on behalf of all persons who
sold Company Common Stock between 11:49 a.m., January 9, 1995 and January 16,
1995, against the Company and corporate officers S. Robert Davis, Richard A.
Stimmel and Charles A. Davis, alleging that those defendants violated Section
10(b) of the Exchange Act and Rule 10b-5 thereunder by selectively disclosing
only adverse information while in possession of material non-public positive
information about the Company during the period between January 9 and January
16, 1995.
All parties to the aforementioned pending class action lawsuit have agreed to
settle such litigation subject to court approval. Chairman S. Robert Davis
reported the Company maintains its contention that it engaged in no wrongful
conduct. However, the settlement of the action avoids additional defense costs
and management diversion, and allows the Company to remain focused on its 1995
operating plan. Total cost of the settlement to the Company, including defense
costs, should not exceed $125,000.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Date: October 6, 1995 PAGES, Inc.
_____________
(Registrant)
/s/ Richard A. Stimmel
______________________
Richard A. Stimmel, President
