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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 and Exchange Act of 1934
Date of Report (Date of earliest event reported) JUNE 18, 1997
INFORMATION MANAGEMENT TECHNOLOGIES CORPORATION
(Exact name of Registrant as specified in its Charter)
DELAWARE
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(State of other jurisdiction of incorporation)
0-16753 58-1722085
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Commission File No. I.R.S. Employer Identification
130 CEDAR STREET, NEW YORK, NY 10006
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Address of principal Zip Code
executive offices
(212) 306-6100
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Registrant's telephone number,
including area code
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5. OTHER EVENTS
The Registrant (the "Company"), on June 18, 1997, appointed Harry Markovits
as a member of the Board of Directors of the Company.
Mr. Markovits currently serves as a financial consultant to the Company and
for the past five years has been a registered representative at D.H. Blair &
Co., Inc., a stock brokerage firm. He is currently a registered representative
at Amerivet/Dymally, Inc., a stock brokerage firm, in addition to being an
officer of U-N-US, a wholesale jewelry company.
The Board agreed to award 100,000 options to purchase 100,000 shares of
common stock of the Company at $1.12 per share to Mr. Markovits. Additionally,
Mr. Markovits will be compensated for each meeting attended by him as a member
of the Board. The Board also appointed Mr. Markovits as a member of the
Compensation Committee of the Company.
Stock options awarded to Mr. Markovits will vest after one full year of
service on the Board of Directors.
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
June 18, 1997
INFORMATION MANAGEMENT
TECHNOLOGIES CORPORATION
IMTECH
(Registrant)
/s/ Joseph Gitto
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JOSEPH GITTO
President
