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 ) July 11, 2000
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NETCRUISE.COM, INC.
(Exact name of registrant as specified in its charter)
New Jersey O-29188 22-2719541
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(state or other (Commission file number) (IRS Employer
jurisdiction of Identification
incorporation) Number)
2401 Morris Avenue, Union, New Jersey 07083
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(address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code, (908) 801-8767
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Item 5: OTHER EVENTS
Election of New Directors
On July 11, 2000, David W. Sass and Charles Taback resigned as
Directors of the Company, and Charles F. Auster, Joseph Perri and David Walsh
became Directors of the Company.
Charles F. Auster, 46, has been the President and Chief Executive
Office of Infocrossing, a computer server hosting and managed services company
in (to come) New Jersey since (to come). From (to come) he served as the
Executive Vice President, Chief Operating Officer and a Director of IXnet, Ltd.,
which was recently acquired by Global Crossing, Ltd., which provides network
communications services such as international voice, data and internet protocol
networks for the financial services community in 37 countries. Mr. Auster also
serves as Chairman of the Board of Trustees of The L'Enfant Trust, a Washington
D.C. charitable organization, and is a member of the Boards of Directors of
American Utilicraft Corporation and Lucent Digital Video, an internal venture of
Lucent Technologies Corporation. He is an honors graduate of both Tufts
University (BS - economics) and the George Washington University National Law
Center (J.D.), and is a member of the bar of both the District of Columbia and
the State of Virginia.
Joseph Perri, 68, has for more than the past five years been the President and
owner of Citation Management Realty Company, a privately-held real investment
company with offices in Brooklyn, New York. He is the Chairman and Chief
Executive Officer of the Company as well as its principal shareholder.
David Walsh, 41, is the Executive Vice President, Sales and Marketing, at Global
Crossing, Ltd., a publicly-held provider of broadband communications network
services. From its founding in 1993 until 1999, Mr. Walsh was the President of
IXnet, Ltd., which was recently acquired by Global Crossing, and he is currently
IXnet's Chief Executive Officer. Mr. Walsh is a graduate of Valdosta State
College (B.B.A.) and New York University (M.S. - telecommunications).
Item 7: FINANCIAL STATEMENTS AND EXHIBITS
None
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this Report to be signed on
its behalf by the undersigned, thereunto duly authorized.
NETCRUISE.COM, INC.
July 31, 2000
By: /s/ Lawrence E. Burk
Lawrence E. Burk
President and Chief Executive Officer
