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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) January 8, 1998
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MAGNAVISION CORPORATION
(exact name of registrant as specified in its charter)
DELAWARE, 33-9030 22-2741313
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(State or other jurisdiction (Commission (IRS Employer
of incorporation File Number) Identification No.)
1725 ROUTE 35, WALL NEW JERSEY 07719
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(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code: (732) 449-1200
(Former name or former address, if changed since last report.)
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Item 5. Other Events.
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Item 6. Resignations of Registrant's Directors.
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On January 8, 1998, Nicholas Mastrorilli, Sr., Chairman and Chief
Executive Officer, submitted his resignation as an officer, director and
employee of the Registrant and its subsidiaries. Mr. Mastrorilli indicated
that such resignation related to the pursuit of other opportunities and to the
fulfillment of fiduciary responsibilities to shareholders of another entity.
Such resignation did not involve any disagreement with the Registrant on any
matter relating to the Registrant's operations, policies or practices.
The Board of Directors accepted such resignation on such date on the
terms offered and elected Robert E. Hoffman to the position of Chairman,
President and Chief Executive Officer of the Registrant and its subsidiaries.
Mr. Hoffman is the former President of Comband Technologies, Inc., a leading
supplier of systems, equipment and services to the wireless cable television
industry. Mr. Hoffman assumed such positions effective immediately under
interim employment terms which are scheduled to continue through April 30,
1998 at which time the Registrant has the right to continue such employment
upon terms to be negotiated.
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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 hereunto duty authorized.
MAGNAVISION CORPORATION
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(Registrant)
DATE: January 23, 1998
/s/ JEFFREY HAERTLEIN
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JEFFREY HAERTLEIN
Principal Financial and
Accounting Officer
