UNITED STATES
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) March 14, 1997
CUC International Inc.
(Exact name of Registrant as specified in charter)
Delaware 1-10308 06-0918165
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
707 Summer Street
Stamford, Connecticut 06901
(Address of principal executive offices) (Zip Code)
(203)324-9261
(Registrant's telephone number, including area code)
Not applicable
(Former name or former address, if changed since last report.)
ITEM 5. OTHER EVENTS
Post-Merger Financial Results
On January 31, 1997, KA Acquisition Corp. ("Acquisition"), a
wholly-owned subsidiary of CUC International Inc. (the
"Company"), acquired all of the issued and outstanding capital
stock of Knowledge Adventure, Inc. ("Knowledge Adventure"),
pursuant to the terms of an Agreement and Plan of Merger dated
October 11, 1996 (as amended on December 20, 1996) among the
Company, Acquisition, and Knowledge Adventure. Knowledge
Adventure is engaged in the design, development and distribution
of interactive, multimedia computer software for the children's
educational market. This acquisition is being accounted for as a
pooling-of-interests.
On February 13, 1997, the Company acquired substantially all of
the assets and assumed specific liabilities of Numa Corporation
("Numa"), pursuant to an Asset Purchase Agreement dated January
8, 1997. Numa publishes personalized heritage publications and
markets and sells personalized merchandise. This acquisition is
being accounted for as a pooling-of-interests.
The following is a summary of certain interim financial results
of the Company, on a consolidated basis, reflecting the combined
operations of the Company, Knowledge Adventure and Numa.
For the one-month period ended March 14, 1997, the Company had
consolidated revenues and net income of approximately $210
million and $22 million ($.05 per share), respectively. The
weighted average number of Company common shares outstanding for
this period was approximately 432.7 million shares.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant had duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
CUC International Inc.
(Registrant)
Date: March 17, 1997 By: COSMO CORIGLIANO
Cosmo Corigliano - Senior Vice
President and Chief Financial Officer
(Principal Financial and Accounting
Officer)