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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) APRIL 21, 1997
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INFORMATION MANAGEMENT TECHNOLOGIES CORPORATION
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(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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ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS
The Registrant ("Company") accepted the resignation of Robert
Oxenberg, as Chairman of the Board of Directors, on April 21, 1997. Mr.
Oxenberg did not have any disagreement with the Company on any matter relating
to the Company's operations, policies or practices, and provided a copy of the
annexed resignation to the Board of Directors of the Company. The Board
appointed Matti Kon, CEO and a director, to act as Chairman of the Board.
Mr. Oxenberg agreed to serve as a Consultant to the Company and to
provide such consulting services as requested by the Company from time to time.
The Board resolved to extend the 250,000 stock options granted to Mr. Oxenberg
to purchase 250,000 shares of the Company's Common Stock at $1.88 per share
until
EXHIBITS
1) Copy of letter of resignation of Robert Oxenberg to the Board of
Directors of the company.
2) Copy of Press Release.
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
April , 1997
INFORMATION MANAGEMENT
TECHNOLOGIES CORPORATION
IMTECH
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(Registrant)
/s/ Joseph Gitto
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JOSEPH GITTO
President
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EXHIBIT 17
April 21st, 1997
The Board of Directors
Imtech Corp.,
130 Cedar Street
New York, New York
Gentlemen:
I hereby resign today as Chairman of the Board of Directors of Imtech.
I am leaving the Board because I no longer have enough time to devote to the
Company and to being a member of the Board.
I have no disagreements of any kind with the accounting, management, or
financial statements of the company. In fact, I am very pleased with what the
new management has done with the quality of our product and the improvement
in client relations in such a short time.
If I can be of any assistance to you in the future, I am at your
service.
Yours sincerely,
/s/ Robert Oxenberg
Robert Oxenberg
RO:nb
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EXHIBIT 99.1
FOR IMMEDIATE RELEASE
CONTACT: JOSEPH A. GITTO
(212) 306-6201
PRESIDENT AND CHIEF FINANCIAL OFFICER
IMTECH
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New York, New York - April 21, 1997 - Information Management
Technologies Corporation ("IMTECH") [NASDAQ:IMTKA (Class A Common Stock)]
announced today that Robert Oxenberg, chairman of the Board of the Directors,
resigned his position as Chairman of the Board. Mr. Oxenberg will continue to
serve as a Consultant to the Company.
The Board of the Company appointed Matti Kon to act as Chairman of the
Board of the Company.
