<PAGE>
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) February 2, 1998
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INFORMATION MANAGEMENT TECHNOLOGIES CORPORATION
- --------------------------------------------------------------------------------
(Exact name of Registrant as specified in its Charter)
- ---------------------------------------DELAWARE---------------------------------
(State of other jurisdiction of incorporation)
0-16753 58-1722085
- --------------------------------------- -----------------------------------
Commission File No. I.R.S. Employer Identification
130 Cedar Street, New York, NY 10006
- --------------------------------------- -----------------------------------
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 January 30, 1998, appointed Ms. Dale
L. Hirschman and Mr. Kenneth J. Buettner as members of the Board of Directors
of the Company.
Ms. Hirschman is currently a principal in DH Management/CAL Consulting
Group, a general management consultant for small and medium sized businesses.
Ms. Hirschman is also active in raising capital for private companies through
private placements. Ms. Hirschman has an extensive background in publishing
with Hearst Business Publishing Inc. and Scholastic Inc, where Ms. Hirschman
held executive level positions.
Mr. Buettner has been a principal in York Scaffold Equipment Corp. since
1975. Mr. Buettner has also served on or chaired numerous trade associations
and task forces. Mr. Buettner is an executive committee member of the State
Insurance Fund of NY Construction Industry Safety Group #469. Mr. Buettner
also sponsors various civic and philanthropic activities in the NY
Metropolitan area.
The Board agreed to award 100,000 options to purchase 100,000 shares of
Common Stock of the Company at $.7406 per share to Ms. Hirschman and Mr.
Buettner. Additionally, each member will be compensated for each meeting
attended as a member of the Board.
Stock options awarded to Ms. Hirschman and Mr. Buettner will vest over a
(3) three year period at the rate of 1/3 per year.
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EXHIBITS
(1) 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
February 2, 1998
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 1
FOR IMMEDIATE RELEASE
CONTACT: JOSEPH A. GITTO
President and Chief Financial Officer - IMTECH
IMTECH ANNOUNCES APPOINTMENT OF (2) TWO INDEPENDENT
DIRECTORS
NEW YORK, NEW YORK - February 3, 1998 - Information Management
Technologies Corporation ("IMTECH") {NASDAQ : IMTKA (CLASS A COMMON STOCK)}
announced today the appointment of independent directors Ms. Dale L.
Hirschman and Mr. Kenneth J. Buettner to its Board of Directors.
Ms. Hirschman is currently a principal of DH Management/CAL Consulting
Group, a general management consultant for small and medium sized businesses.
Ms. Hirschman is also active in raising capital for private companies through
private placements. Ms. Hirschman has an extensive background in publishing
with Hearst Business Publishing Inc. and Scholastic Inc., where Ms. Hirschman
held executive level positions.
Mr. Buettner has been a principal of York Scaffold Equipment Corp. since
1975. Mr. Buettner has also served on or chaired numerous trade associations
and task forces. Mr. Buettner is an executive committee member of the State
Insurance Fund of NY Construction Industry Safety Group #469. Mr. Buettner
also sponsors various civic and philanthropic activities in the NY
Metropolitan area.
Matti Kon, the Company's Chairman and Chief Executive Officer says that
he believes the diverse backgrounds and broad experience of the new directors
will assist the Company's management as they continue to strategically
broaden the Company's market share in the Financial Research Industry.
IMTECH provides on-site and off-site outsourcing services to firms in
the services sector. These services include Research Report Services, Laser
Printing, Global Print-on-Demand and Distribution, Legal Duplication, and
Facilities Management Services.
