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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Filed Pursuant to Section 13 OR 15(d) of
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): February 11, 1997
METROMEDIA INTERNATIONAL GROUP, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 1-5706 58-0971455
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification Number)
One Meadowlands Plaza
EAST RUTHERFORD, NEW JERSEY 07073
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(Address of principal executive offices)
Registrant's telephone number, including area code: (201) 531-8000
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Item 5. Other Events
On February 11, 1997, Snapper, Inc., a wholly owned subsidiary of the
Company, issued a press release, a copy of which is attached as Exhibit 99.1, in
which it announced that Jerry J. Schweiner resigned as President and Chief
Executive Officer of Snapper. Robin Chamberlain was appointed President and
Chief Executive Officer or Snapper. In addition, the Company announced that it
reversed its previously announced intention to dispose of Snapper.
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Item 7. Financial Statements, Pro Forma
FINANCIAL INFORMATION AND EXHIBITS
(c) The following is an exhibit to this Report and is filed herewith:
Exhibit 99.1 Press Release dated February 11, 1997 of
Snapper, Inc.
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SIGNATURES
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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.
METROMEDIA INTERNATIONAL GROUP, INC.
(Registrant)
By: /s/ ARNOLD L. WADLER
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Executive Vice President
Dated: February 12, 1997
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Exhibit 99.1
SNAPPER, INC. ANNOUNCES NEW PRESIDENT AND CEO
McDonough, Georgia February 4, 1997 - Snapper, Inc., a wholly-owned subsidiary
of Metromedia International Group, Inc. (AMEX:MMG), engaged in the manufacture
of premium lawn and garden equipment, announced that Robin Chamberlain has been
appointed President and Chief Executive Officer. Jerry J. Schweiner resigned as
President and CEO effective January 28.
Ms. Chamberlain, 37, has been with the Company since 1989 in various financial
roles, most recently as Chief Financial Officer. Ms. Chamberlain said "Our
goal for 1997 is to focus our efforts on sales and customer service. We
believe our products for 1997 are state-of-the-art and will play an important
role in our future success."
The success of Snapper's dealer direct program has led management of Metromedia
to re-evaluate its prior decision concerning the disposition of Snapper. Stuart
Subotnick, President and Chief Executive Officer of Metromedia said, "The
institution of the dealer direct program under Ms. Chamberlain's leadership
will allow the company to advance its new product line. We have decided not to
pursue our previously announced plan to dispose of Snapper and we are committed
to the growth and development of the company." As a result of this decision,
the operations of Snapper, Inc. will be included in the consolidated financial
results of Metromedia International Group.
Snapper, Inc. is a leading manufacturer of lawn and garden equipment, sold
throughout the United States and distributed in 30 foreign countries. Snapper
employs more than 1,200 people in Georgia and throughout the world.
