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 7, 1999
SHOP AT HOME, INC.
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(Exact name of registrant as specified in its charter)
Tennessee 0-25596 62-1282758
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
5388 Hickory Hollow Parkway, Antioch, Tennessee 37013
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(Address, including zip code, of principal executive office)
(615) 263-8000
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(Registrant's telephone number, including area code)
Item 6. Other Events
On January 7, 1999, the Registrant announced, by the issuance of a press
release, that James Bauchiero, Executive Vice President and Chief Financial
Officer of the Registrant, was leaving his position with the Registrant. The
text of the press release read as follows:
NASHVILLE, Tenn.--Jan. 7, 1999--Shop At Home, Inc.(NASDAQ:SATH), an electronic
specialty retailer providing television and Internet shopping, today announced
that its Chief Financial Officer and Executive Vice President, Jim Bauchiero, is
leaving the Company to pursue several other opportunities.
3
Shop At Home President and CEO Kent E. Lillie, said, "Mr. Bauchiero was hired
to help the Company complete the financing and transition to its new facilities
in Nashville in addition to a public debt and equity offering to finance the
acquisition of three major market television stations. Having successfully
completed these projects, Mr. Bauchiero says he is ready for new challenges in a
different arena. Everyone at Shop At Home wishes him the best and is very
appreciative of his significant and meaningful contributions."
Mr. Bauchiero will stay with Shop At Home through a transition period. The
Company has begun the search for a new CFO.
Mr. Bauchiero said, "I am very proud of the successes that Shop At Home
has achieved in the last year and am pleased to have contributed to this
dynamic and growing company."
The Company announced record shipping revenues for its core business and for
its emerging Internet site earlier this week. Shop At Home is the country's
second oldest and fastest growing home shopping network and 19th largest
broadcaster. The Company reaches over 60 million full and part-time cable
households for a portion of each day through its network of over 200 affiliated
television and cable systems and its owned and operated stations. The Company
provides online shopping at www.shopathomeonline.com.
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"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of
1995 - This release contains forward-looking statements within the meaning of
Section 27A of Securities act of 1933 and Section 21E of the Securities Exchange
Act of 1934, including the statement regarding the expectation of continued
revenue and earnings growth. Actual results may differ materially from those
identified for a number of reasons as are discussed from time to time in Shop At
Home's SEC reports, including but not limited to the report on Form 10-K for the
year ended June 30, 1998 (Business and Management's Discussion and Analysis of
Financial Condition and Results of Operations).
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SIGNATURE
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.
SHOP AT HOME, INC.
(Registrant)
By: /s/ George J. Phillips
By: /s/ George J. Phillips
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George J. Phillips
Vice President and General Counsel
Date: February 2, 1999
