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) March 27, 1996
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MANAGEMENT TECHNOLOGIES, INC.
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Exact name of Registrant as specified in its Charter)
NEW YORK
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(State or other jurisdiction of incorporation)
0-17206 13-3029797
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Commission File No. I.R.S. Employer Identification
630 Third Avenue, New York, NY 10017
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Address of principal Zip Code
executive offices
(212) 983-5620
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Registrant's telephone number,
including area code
ITEM 5. OTHER EVENTS
On March 26, 1996, Management Technologies, Inc. ("the Company") appointed
Messrs. Michael Awerbuch and John Ridley as Directors of the Company to serve
effective immediately and to hold office until the next annual meeting of
shareholders.
Prior to his appointment as a Director of the Company, Mr. Ridley was
employed in a variety of positions by Digital Equipment Service Industries
Solution Company, (`DESISCo''), a UK based entity acquired by the Company in
January of 1995, and subsequently re-named MTi Trading Systems, Ltd. Mr. Ridley
began his work at DESISCo in 1990 as a Systems Architect and was promoted to his
current position of Head of Product Development for MTi Trading Systems, Ltd.
in 1994. Mr. Ridley holds a Bachelor of Science (Upper Second) in Physics from
the University of Manchester.
Prior to his appointment as a Director of the Company, Mr. Awerbuch worked
as a broker with Kaplan and Stewart, Ltd., a company located in Johannesburg,
South Africa, from 1987 to 1992. From 1993 to 1994, Mr. Awerbuch worked as a
broker with Taglich Brothers, D'Amadeo and Wagner and Co, Inc. in New York.
From 1994 to 1996, Mr. Awerbuch served as Vice President for Sales of New World
Technologies, Inc., a New York computer distribution and sales company. Mr.
Awerbuch joined the Company on March 25, 1996 as Director of Public Relations.
Mr. Awerbuch holds an Associate in Applied Science in Industrial Engineering
from the Fashion Institute Of Technology in New York.
ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS
On March 26, 1996, Mr. Claudio Guazzoni, submitted his resignation as
a Director of the Company. The Board of Directors of the Company accepted Mr.
Guazzoni's resignation upon presentation. Mr. Guazzoni did not have any
disagreement with the Company on any matter relating to its policies or
management. Annexed hereto and marked Exhibit 17.08 is a copy of Mr. Guazzoni's
resignation letter.
ITEM 7: EXHIBITS
17.08. Resignation letter of Claudio Guazzoni
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
March 27, 1996
MANAGEMENT TECHNOLOGIES, INC.
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(Registrant)
/s/ Paul Ekon
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PAUL EKON
CLAUDIO GUAZZONI
1339 Cooper St
New York, New York 10276
March 26, 1996
Mr. Paul Ekon
Chief Executive Officer
Management Technologies, Inc.
630 Third Avenue
New York, New York 10017
Dear Mr. Ekon:
This is to confirm my resignation as a Director of Management Technologies, Inc.
(the `Company'') effective March 26, 1996. 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.
Sincerely,
/s/ Claudio Guazzoni
