U.S. 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 29, 1999
TM Century, Inc.
(Exact name of registrant as specified in its charter)
Delaware 0-13167 73-1220394
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
2002 Academy
Dallas, Texas 75234
(Address, including zip code, of principal executive offices)
Registrant's telephone number, including area code: (972) 406-6800
<PAGE>
Item 5. Other Events
By press release dated April 8, 1999, Neil W. Sargent, President and
Chief Executive Officer of TM Century, Inc. (the "Company", announced
the appointment of Robert D. Graupner to succeed him as President
and Chief Executive Officer of the Company, Effective May 1, 1999.
Mr. Sargent will continue to serve the Company as Vice Chairman of
the Board of Directors.
In the same press release, the Company announced the election of
Robert D. Graupner and Carol M. Long and the re-election of Neil W.
Sargent, Marjorie L. McIntyre and A. Ann Armstrong to the Board of
Directors of the Company by written consent of the holders of a
majority of the outstanding common stock of the Company dated as of
March 29, 1999. Prior to the election, Donald E. Latin, a long-time
director of the Company, announced his decision not to stand for re-
election to the Board of Directors. The April 8, 1999 press release
is filed as Exhibit 99.1 to this report on Form 8-K and incorporated
herein by reference.
Item 7. Financial Statements and Exhibits
(c) Exhibits
99.1 Press Release dated April 8, 1999
<PAGE>
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 hereto duly authorized.
TM Century, Inc.
Date: May 7, 1999 By: /s/Roger A. Holeman
______________________
Roger A. Holeman
Chief Financial Officer
<PAGE>
INDEX TO EXHIBITS
Item
Number Exhibit
______ _______
99.1 Press Release date April 8, 1999
FOR IMMEDIATE RELEASE CONTACT: Karyn Fairris
April 8, 1999 TM Century, Inc.
972-406-6823
[email protected]
TM CENTURY ANNOUNCES MANAGEMENT CHANGES
Neil Sargent, President/CEO of TM Century, Inc., Dallas, TX (OTC
BB: TMCI) has announced the appointment of David Graupner to
succeed him as President/CEO effective May 1, 1999. Mr. Sargent
will continue to have an active role in the Company as Vice
Chairman of the Board of Directors and assisting Mr. Graupner in
the transition process, but will primarily focus on a few major
issues for the Company until his retirement in May 2000. Pursuant
to a consulting agreement that takes effect on May 1, 2000, Mr.
Sargent will retain his position as Vice Chairman of the Board and
continue to serve in a consulting role to the Company through
April 30, 2004.
"David has done an excellent job in his capacity as Executive Vice
President for the past three years and his succession to the top
position has long been anticipated. He will undoubtedly be an
outstanding leader of TM Century in the future as he continues to
reposition the Company to offer a more focused selection of
products and expand in a meaningful way into TV, Cable, Post
Production facilities and the Internet", according to Sargent.
Mr. Graupner has been Executive Vice President of TM Century for
the past three years. He previously managed radio stations in
Madison and Reno, served as a Program Consultant for TM
Programming in the early 80's, was a Program Director in Sarasota
and began his career in radio in Lincoln.
Mr. Sargent came to TM Century in 1995 from Westwood One Radio
Networks where he held the position of Senior Vice President,
Affiliate Sales & Relations. Mr. Sargent has more than 40 years
experience in the broadcast industry.
<PAGE>
TM Century also announced that Mr. Graupner and Ms. Carol Peek
Long have been elected as directors of the Company. They, together
with incumbent directors Mr. Sargent, Marjorie L. McIntyre and A.
Ann Armstrong, were elected by written consent of the holders of a
majority of the outstanding common stock of the Company on March
29, 1999. The Company had previously stated in its Information
Statement dated February 17, 1999 that Mr. Sargent, Ms. McIntyre
and Ms. Armstrong, together with Donald E. Latin, a long-time
director, were expected to be re-elected as directors. However,
subsequent to the date of the Information Statement, Mr. Latin, a
Dallas investment consultant, announced his decision to resign
from the Board to pursue other interests. Ms. Long and Ms.
Armstrong serve as trustees of a trust that holds approximately
69.5% of the outstanding common stock of the Company. Ms. Long is
the daughter of Ms. McIntyre and the owner of a Production
company. Ms. Long is also a former member of the TM Century Board
of Directors.
TM Century creates, produces and markets music based goods and
services for the broadcast and entertainment industries worldwide.
Products include special compilations of music on CD and computer
systems, instrumental commercial backgrounds, station
identification jingles, comedy services, and original music for
radio and TV stations.
