SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported) December 1st, 1995
--------------------
MANAGEMENT TECHNOLOGIES, INC.
-----------------------------
Exact name of Registrant as specified in its Charter)
NEW YORK
--------
(State or other jurisdiction of incorporation)
0-17206 13-3029797
- --------------------- -----------------------------
Commission File No. I.R.S. Employer Identification
630 Third Avenue, New York, NY 10017
- -------------------------------- -----------------------------
Address of principal Zip Code
executive offices
(212) 983-5620
- -------------------------------
Registrant's telephone number,
including area code
ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS
On November 30, 1995, Mr. Anthony J. Cataldo, a Director of the
Registrant ("the Company") confirmed his resignation as a Director of the
Company. The Company accepted Mr. Cataldo's resignation. Mr. Cataldo did not
have any disagreement with the Company on any matter relating to its operations,
policies, or practices. Annexed hereto and marked Exhibit 17.05 is a copy of
Mr. Cataldo's resignation.
On November 29, 1995, Mr. Peter Svennilson submitted his resignation
as a Director and as Chairman of the Board of the Company. The Company accepted
Mr. Svennilson's resignation. Mr. Svennilson did not have any disagreement with
2
the Company on any matter relating to its operations, policies, or practices.
Annexed hereto and marked Exhibit 17.06 is a copy of Mr. Svennilson's
resignation.
On November 22, 1995, Mr. Edward S. Stone submitted his resignation
as a Director of the Company. The Company accepted Mr. Stone's resignation. Mr.
Stone did not have any disagreement with the Company on any matter relating to
its operations, policies, or practices. Annexed hereto and marked Exhibit 17.07
is a copy of Mr. Stone's resignation.
On November 22, 1995, Mr. William Meaney submitted his resignation as
a Director of the Company. The Company accepted Mr. Meaney's resignation. Mr.
Meaney did not have any disagreement with the Company on any matter relating to
its operations, policies, or practices.
On November 22, 1995, the Company appointed Mr. Peter Morris as
President, Chief Operating Officer and a Director of the Company. Mr. Morris
served as Managing Director of Digital Equipment Service Industries Solutions
Company Limited (``DESISCo''), now renamed MTi Trading Systems Limited, from
1993 to the present day. All shares issued and outstanding of DESISCo were
acquired by the Company effective January 1, 1995. Mr. Morris served as
Director of Sales and Marketing of DESISCo from 1992 to 1993 and as Chief
Operating Officer of Security Pacific Hoare Govett Securities Ltd from 1990 to
1992.
ITEM 7: EXHIBITS
17.05. Resignation letter of Anthony J. Cataldo.
17.06. Resignation letter of Peter Svennilson
17.07. Resignation letter of Edward S. Stone
3
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 duly authorized.
Dated: New York, New York
December 1st, 1995
MANAGEMENT TECHNOLOGIES, INC.
----------------------------------------
(Registrant)
/s/ Paul Ekon
PAUL EKON
Chief Executive Officer
ANTHONY J. CATALDO
63 Village Lane
Concord, New Hampshire
November 30, 1995
Mr. Paul Ekon
Chief Executive Officer
Management Technologies, Inc.
630 Third Avenue
New York, New York 10017 By mail and by Facsimile
1 212 557 6967
Dear Mr. Ekon:
This is to confirm my resignation as a Director of Management Technologies, Inc.
(the "Company") effective November 15, 1995. Due to other constrains on my
time, I am no longer able to dedicate the amount of time required to fulfill my
duties as a Director of the Company. I do not have any disagreement with the
policies or management of the Company. I still reserve all rights under a
certain Separation Agreement and Release between the Company and myself.
Sincerely,
/s/ Anthony J. Cataldo
Anthony J. Cataldo
IRONGATE
12 Old Bond Street
London W1X 3DB
United Kingdom
Tel: +44 171 499 9944
Fax: +44 171 499 9557
Board of Directors,
Management Technologies, Inc.,
The Hop Exchange,
West Wing,
24a Southwark Street,
LONDON
SE1 1TY
29th November, 1995
Gentlemen,:
This is to confirm my resignation as a Director and as the
Chairman of the Board of Management Technologies, Inc. (the
``Company''), effective November 28, 1995. I am grateful
for my association with the Company and am glad to have
helped contribute to its success. Unfortunately, other
demands on my time made it impossible for me to continue to
dedicate myself to fulfilling my duties of Director and
Chairman. I do not have any disagreement with the policies
or operation of the Company, and wish the Company every
success for the future.
Very best regards,
/s/ Peter Svennilson
LAW OFFICES
Edward S. Stone
425 Park Avenue
26th Floor
New York, New York 10022
Tel: (212) 302-4362
Tel: (212) 302 4355
VIA TELECOPY AND
CERTIFIED MAIL, RETURN RECEIPT REQUESTED
November 22, 1995
Mr. Paul Ekon
Chief Executive Officer
Management Technologies, Inc.
630 Third Avenue
New York, New York 10017
Dear Paul:
This letter shall confirm my resignation as a Non-Executive Director of
Management Technologies, Inc. I am no longer able to dedicate the amount of
time the company requires of its Directors to deal with the various issues
requiring Board intervention. Though I have no disagreement with company
management, I feel that more representation of management at the Board level
would be in the interest of the company's shareholders. The company would be
well advised to fill my Board vacancy with an appropriate representative of
Management.
Sincerely,
/s/ Edward S. Stone
Edward S. Stone
