<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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):
MAY 3, 2000 (MAY 1, 2000)
ZIXIT CORPORATION
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
TEXAS 0-17995 75-2216818
----- ------- ----------
(STATE OR OTHER (COMMISSION FILE (IRS EMPLOYER
JURISDICTION OF NUMBER) IDENTIFICATION NO.)
INCORPORATION)
ONE GALLERIA TOWER
13355 NOEL ROAD
SUITE 1555
DALLAS, TEXAS 75240-6604
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE:
(972) 702-7055
<PAGE> 2
ITEM 5. OTHER EVENTS.
On May 1, 2000, ZixIt Corporation (the "Registrant") completed the
transaction previously announced in a Form 8-K filed by the Registrant on April
12, 2000, in which H. Wayne Huizenga and his affiliates and assigns
(collectively, the "Investors") are to invest $44 million in the Registrant in
exchange for the following:
(1) 916,667 shares of the Registrant's common stock, $0.01 par value per
share (the "Common Stock");
(2) Ten-year warrants to purchase 916,667 shares of Common Stock at $57.60
per share; and
(3) Four-year warrants to purchase 1,222,223 shares of Common Stock at
$12.00 per share, exercisable beginning May 1, 2001.
As consideration for the issuance of the foregoing securities, the Registrant
received non-interest bearing promissory notes from each Investor in the
principal amount of their respective shares of the purchase price, which
promissory notes are payable in three equal installments on May 1, 2000, June
30, 2000 and September 1, 2000 (the "Notes"). The Registrant has received the
first installment payment from each of the Investors. It was originally
contemplated that the Notes would be secured by each Investor executing and
delivering a Stock Pledge and Security Agreement in the form of Exhibit 2.5 to
the previously filed Form 8-K. To assure compliance with Federal Reserve Board
Regulations U and X under the Securities Exchange Act of 1934, the parties
subsequently agreed that the Notes would be unsecured and that there would be no
Stock Pledge and Security Agreements delivered. See Exhibit 2.2 to this Form
8-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
2.1 Revised Schedule 1 to the Common Stock and Warrant Purchase Agreement,
dated April 11, 2000, between ZixIt Corporation and H. Wayne Huizenga,
his affiliates and assigns identified on Schedule 1, which was
previously filed as Exhibit 2.1 to the Registrant's Form 8-K filing of
April 12, 2000.
2.2 Letter Amendment to the Common Stock and Warrant Purchase Agreement
identified in Exhibit 2.1.
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.
ZIXIT CORPORATION
Date: May 3, 2000 By: /s/ Steve M. York
------------------------------------------
Steve M. York
Senior Vice President, Chief Financial
Officer and Treasurer
2
<PAGE> 3
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
Exhibit
Number Description
- ------- -----------
<S> <C>
2.1 Revised Schedule 1 to the Common Stock and Warrant Purchase
Agreement, dated April 11, 2000, between ZixIt Corporation and H.
Wayne Huizenga, his affiliates and assigns identified on Schedule
1, which was previously filed as Exhibit 2.1 to the Registrant's
Form 8-K filing of April 12, 2000.
2.2 Letter Amendment to the Common Stock and Warrant Purchase
Agreement identified in Exhibit 2.1.
</TABLE>
<PAGE> 1
EXHIBIT 2.1
SCHEDULE I
PURCHASERS
<TABLE>
<CAPTION>
NO. OF
------
SHARES OF
---------
NOTICE PURCHASE PRICE COMMON NO. OF $12 NO. OF $57.60
------ -------------- ------ ---------- -------------
NAME ADDRESS ($) STOCK WARRANTS WARRANTS
---- ------- --- ----- -------- --------
<S> <C> <C> <C> <C> <C> <C>
1 Andrew J. Sukawaty, 4900 Main St. $ 99,984.00 2,083 2,777 2,083
Revocable Trust dated Kansas City, MO 64112
January 14, 2000 Attn: Andrew J. Sukawaty
2 Rosalie V. Arthur 333 East Las Olas Blvd. $ 50,016.00 1,042 1,389 1,042
Ft. Lauderdale, FL 33301
3 Rosanne Badowski 3135 Easton Turnpike $ 99,984.00 2,083 2,777 2,083
Fairfield, CT 06431
4 John E. Berndt 2330 Shawnee Mission $ 99,984.00 2,083 2,777 2,083
Parkway
Westwood, KS 66205
5 Berrard Holdings One Financial Plaza $ 999,984.00 20,833 27,777 20,833
Limited Partnership Suite 1100
Ft. Lauderdale, FL 33394
Attn: Steven R. Berrard
6 Cris V. Branden 450 E. Las Olas Blvd. $ 200,016.00 4,167 5,556 4,167
15th Floor
Ft. Lauderdale, FL 33301
7 Kevin E. Brauer 221 West 48th St., #1507 $ 99,984.00 2,083 2,777 2,083
Kansas City, MO 64112
8 Cascade Investment, 2365 Carillon Point $ 1,000,000.00 20,833 27,777 20,833
L.L.C. Kirkland, WA 98033
Attn: Michael Larson
9 William J. Conaty 3135 Easton Turnpike $ 99,984.00 2,083 2,777 2,083
Fairfield, CT 06431
10 Dennis D. 3135 Easton Turnpike $ 99,984.00 2,083 2,777 2,083
Dammerman Fairfield, CT 06431
11 DBV Investments, 780 Third Avenue $ 1,000,000.00 20,833 27,777 20,833
L.P. 43rd Floor
New York, NY 10017
Attention: Marc Lisker
12 John C. Esrey 2351 Bay Street $ 99,984.00 2,083 2,777 2,083
San Francisco, CA 94123
</TABLE>
1
<PAGE> 2
<TABLE>
<CAPTION>
NO. OF
------
SHARES OF
---------
NOTICE PURCHASE PRICE COMMON NO. OF $12 NO. OF $57.60
------ -------------- ------ ---------- -------------
NAME ADDRESS ($) STOCK WARRANTS WARRANTS
---- ------- --- ----- -------- --------
<S> <C> <C> <C> <C> <C> <C>
13 William T. Esrey, Jr. 4900 Main Street $ 99,984.00 2,083 2,777 2,083
Kansas City, MO 64112
14 David E. Fanta 27 Dumfries Street $ 80,016.00 1,667 2,222 1,667
Sugar Land, TX 77479
15 David C. Feldman 7600 West Tidwell $ 80,016.00 1,667 2,222 1,667
Suite 806
Houston, TX 77040
16 Finally Limited P.O. Box 50102 $ 699,984.00 14,583 19,444 14,583
Partnership Henderson, NV 89016
Attn: Robert J. Henninger,
Jr.
17 Albert Fried, Jr. c/o Albert Fried & $ 300,000.00 6,250 8,333 6,250
Company, LLC
40 Exchange Place
New York, NY 10005
18 Michael B. Fuller and 2920 West 113th Street $ 99,984.00 2,083 2,777 2,083
Mary G. Fuller, Joint Leawood, KS 66211
Tenants
19 G Harry Huizenga 450 E. Las Olas Blvd. $ 100,032.00 2,084 2,778 2,084
Enterprises, L.L.C. 15th Floor
Ft. Lauderdale, FL 33301
Attn: Cris V. Branden
20 Troy L. Gabriel 2512 AquaVista Blvd. $ 75,024.00 1,563 2,083 1,563
Ft. Lauderdale, FL 33301
21 H Family Limited P.O. Box 50102 $ 5,000,016.00 104,167 138,886 104,167
Partnership Henderson, NV 89016
Attn: Cris V. Branden
22 H. Wayne Huizenga, 450 E. Las Olas Blvd. $ 2,499,984.00 52,083 69,444 52,083
Jr. 15th Floor
Ft. Lauderdale, FL 33301
23 H Wayne Huizenga Sr 450 E. Las Olas Blvd. $ 729,168.00 15,191 20,254 15,191
Perpetual Trust 15th Floor
Master Trust I Share Ft. Lauderdale, FL 33301
A Attn: Cris V. Branden
24 H Wayne Huizenga Sr 450 E. Las Olas Blvd. $ 729,168.00 15,191 20,254 15,191
Perpetual Trust 15th Floor
Master Trust I Share Ft. Lauderdale, FL 33301
B Attn: Cris V. Branden
</TABLE>
2
<PAGE> 3
<TABLE>
<CAPTION>
NO. OF
------
SHARES OF
---------
NOTICE PURCHASE PRICE COMMON NO. OF $12 NO. OF $57.60
------ -------------- ------ ---------- -------------
NAME ADDRESS ($) STOCK WARRANTS WARRANTS
---- ------- --- ----- -------- --------
<S> <C> <C> <C> <C> <C> <C>
25 H Wayne Huizenga Sr 450 E. Las Olas Blvd. $ 729,168.00 15,191 20,254 15,191
Perpetual Trust 15th Floor
Master Trust I Share Ft. Lauderdale, FL 33301
C Attn: Cris V. Branden
26 H Wayne Huizenga Sr 450 E. Las Olas Blvd. $ 729,168.00 15,191 20,254 15,191
Perpetual Trust 15th Floor
Master Trust I Share Ft. Lauderdale, FL 33301
D Attn: Cris V. Branden
27 Kris E. Hansel 2690 Edgewater Court $ 20,016.00 417 556 417
Weston, FL 33332
28 Harris W. Hudson 1080 Southeast 3rd Ave. $ 2,000,016.00 41,667 55,555 41,667
Ft. Lauderdale, FL 33316
29 Holly J. Hudson 1080 Southeast 3rd Ave. $ 941,664.00 19,618 26,157 19,618
Ft. Lauderdale, FL 33316
30 Steven W. Hudson 1080 Southeast 3rd Ave. $ 941,664.00 19,618 26,157 19,618
Ft. Lauderdale, FL 33316
31 Huizenga Family 450 E. Las Olas Blvd. $ 499,968.00 10,416 13,888 10,416
Foundation, Inc. 15th Floor
Ft. Lauderdale, FL 33301
Attn: Richard C. Rochon
32 Huizenga Investments P.O. Box 50102 $ 1,000,080.00 20,835 27,780 20,835
Limited Partnership Henderson, NV 89016
Attn: Cris V. Branden
33 Joseph H. Izhakoff 450 E. Las Olas Blvd. $ 20,016.00 417 556 417
Suite 1400
Ft. Lauderdale, FL 33301
34 Jean Huizenga 450 E. Las Olas Blvd. $ 99,984.00 2,083 2,777 2,083
Enterprises, L.L.C. 15th Floor
Ft. Lauderdale, FL 33301
Attn: Cris V. Branden
35 George D. Johnson, P.O. Box 3524 $ 2,000,016.00 41,667 55,555 41,667
Jr. Spartanburg, SC 29302
36 J.W. Croghan Trustee, Room 2100 $ 999,984.00 20,833 27,777 20,833
JWC Trust dated 200 S. Wacker Drive
December 28, 1982 Chicago, IL 60606
Attn: John W. Croghan
</TABLE>
3
<PAGE> 4
<TABLE>
<CAPTION>
NO. OF
------
SHARES OF
---------
NOTICE PURCHASE PRICE COMMON NO. OF $12 NO. OF $57.60
------ -------------- ------ ---------- -------------
NAME ADDRESS ($) STOCK WARRANTS WARRANTS
---- ------- --- ----- -------- --------
<S> <C> <C> <C> <C> <C> <C>
37 Kevin F. Flynn June 120 North LaSalle Street $ 5,249,984.00 109,375 145,830 109,375
21, 1992 Non-Exempt Suite 3300
Trust Chicago, IL 60602
Attn: Kevin F. Flynn
38 Kirk Holdings 3276 Cliff Sieler Ct. $ 184,992.00 3,854 5,137 3,854
Limited Partnership Las Vegas, NV 89117
Attn: James L. Kirk
39 Meljay C. Krause 8611 Reinhardt Ln. $ 99,984.00 2,083 2,777 2,083
Leawood, KS 66206
40 Arthur A. Kurtze 913 Challenger Drive $ 99,984.00 2,083 2,777 2,083
Austin, TX 78734-4209
41 Ronald T. Lemay P.O. Box 11315 $ 1,000,080.00 20,835 27,780 20,835
Kansas City, MO 64112
42 Lion Ventures LLC 3055 Harbor Drive $ 125,000.00 2,604 3,472 2,604
Suite 1602
Ft. Lauderdale, FL 33316
Attn: Edward A. Cespedes
43 LM Private 1521 Michigan $ 80,016.00 1,667 2,222 1,667
Investments, L.P. Houston, TX 77006
Attn: William D. Leven
44 Martha J Huizenga P.O. Box 50102 $ 500,016.00 10,417 13,889 10,417
Holdings Limited Henderson, NV 89016
Partnership Attn: Cris V. Branden
45 Michael S. Egan 333 East Las Olas Blvd. $ 99,984.00 2,083 2,777 2,083
Grantor Retained Ft. Lauderdale, FL 33301
Annuity Trust Attn: Michael S. Egan
F/B/O Riley Martin
Michael Egan
46 Michael S. Egan 333 East Las Olas Blvd. $ 99,984.00 2,083 2,777 2,083
Grantor Retained Ft. Lauderdale, FL 33301
Annuity Trust Attn: Michael S. Egan
F/B/O Teague
Michael Thomas Egan
47 Michael S. Egan 333 East Las Olas Blvd. $ 1,039,968.00 21,666 28,888 21,666
Living Trust Ft. Lauderdale, FL 33301
Attn: Michael S. Egan
48 Gene Ostrow 450 E. Las Olas Blvd. $ 99,984.00 2,083 2,777 2,083
Suite 1400
Ft. Lauderdale, FL 33301
</TABLE>
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<PAGE> 5
<TABLE>
<CAPTION>
NO. OF
------
SHARES OF
---------
NOTICE PURCHASE PRICE COMMON NO. OF $12 NO. OF $57.60
------ -------------- ------ ---------- -------------
NAME ADDRESS ($) STOCK WARRANTS WARRANTS
---- ------- --- ----- -------- --------
<S> <C> <C> <C> <C> <C> <C>
49 Philip V. Petrocelli 450 E. Las Olas Blvd. $ 99,984.00 2,083 2,777 2,083
Suite 1400
Ft. Lauderdale, FL 33301
50 PKI Investment 676 North Michigan Avenue $ 1,750,000.00 36,458 48,609 36,458
Company, LLC Suite 4000
Chicago, IL 60611
Attn: Donald F. Flynn
51 Gary Reiner 3135 Easton Turnpike $ 99,984.00 2,083 2,777 2,083
Fairfield, CT 06431
52 Richard Rosenblatt 549 El Medio $ 350,000.00 7,292 9,722 7,292
Pacific Palisades, CA 90272
53 John M. Samuels 3135 Easton Turnpike $ 99,984.00 2,083 2,777 2,083
Fairfield, CT 06431
54 Theodore H. Schell 1272 W. 59th Street $ 99,984.00 2,083 2,777 2,083
Kansas City, MO 64113
55 John A. Schneider 711 Fifth Ave., 9th Floor $ 1,000,000.00 20,834 27,777 20,834
New York, NY 10022
56 Robin M. Segaul 333 E. Las Olas Blvd. $ 9,984.00 208 277 208
Ft. Lauderdale, FL 33301
57 Keith S. Sherin 3135 Easton Turnpike $ 99,984.00 2,083 2,777 2,083
Fairfield, CT 06431
58 Donald R. Sinclair 3756 Knollwood $ 80,016.00 1,667 2,222 1,667
Houston, TX 77019
59 Thistle Hill Partners, One Northwind Plaza $ 80,016.00 1,667 2,222 1,667
Ltd. Suite 806
7600 W. Tidwell
Houston, TX 77040
Attn: John A. Blaisdell
60 William T. Esrey, P.O. Box 11315 $ 1,000,080.00 20,835 27,780 20,835
Trustee U/T/A dated Kansas City, MO 64112
December 12, 1985, Attn: William T. Esrey
F/B/O William T.
Esrey
61 I. Benjamin Watson, 13133 Lamar Ave. $ 99,984.00 2,083 2,777 2,083
III Overland Park, KS 66209
</TABLE>
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<PAGE> 6
<TABLE>
<CAPTION>
NO. OF
------
SHARES OF
---------
NOTICE PURCHASE PRICE COMMON NO. OF $12 NO. OF $57.60
------ -------------- ------ ---------- -------------
NAME ADDRESS ($) STOCK WARRANTS WARRANTS
---- ------- --- ----- -------- --------
<S> <C> <C> <C> <C> <C> <C>
62 Weezor I Limited P.O. Box 50102 $ 2,499,984.00 52,083 69,442 52,083
Partnership Henderson, NV 89016
Attn: Richard C. Rochon
63 John F. Welch 3135 Easton Turnpike $ 1,000,080.00 20,835 27,780 20,835
Fairfield, CT 06431
64 Wincrest Ventures, One Northwind Plaza $ 800,016.00 16,667 22,222 16,667
L.P. Suite 806
7600 W. Tidwell
Houston, TX 77040
Attn: John A. Blaisdell
65 Peter W. Wright 1080 Southeast 3rd Ave. $ 999,984.00 20,833 27,777 20,833
Ft. Lauderdale, FL 33316
66 LKL Partners, a c/o American Information $ 724,952.00 15,103 20,173 15,103
Florida general Services, Inc.
partnership One Southeast Third Avenue,
28th Floor
Miami, FL 33131-1714
TOTAL $44,000,016.00 916,667 1,222,223 916,667
</TABLE>
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<PAGE> 1
EXHIBIT 2.2
[ZixIt Letterhead]
April 27, 2000
H. Wayne Huizenga
c/o Huizenga Holdings, Inc.
450 East Las Olas Boulevard
Suite 1500
Ft. Lauderdale, FL 33140
Dear Wayne:
This letter will confirm our agreement relating to the Common Stock and
Warrant Purchase Agreement (the "Purchase Agreement") dated as of April 11, 2000
between ZixIt Corporation, a Texas corporation (the "Corporation"), and H. Wayne
Huizenga ("HWH"), his affiliates and assigns identified on Schedule 1 thereto
(collectively, the "Purchasers" and each, a "Purchaser"). You and we have agreed
that: (i) the Notes contemplated to be delivered by the Purchasers pursuant to
Section 2.2 of the Purchase Agreement will be unsecured; (ii) the Common Stock
and Warrants will be delivered to the Purchasers immediately following the
Closing of the Purchase Agreement on May 1, 2000; and (iii) the parties shall
not execute and deliver a Stock Pledge and Security Agreement at Closing.
Except as specifically provided in this letter, the Purchase Agreement will
remain in full force and effect in accordance with its terms. Please indicate
your acceptance and agreement to the foregoing by signing below.
Very truly yours,
/s/ David P. Cook
David P. Cook
ACKNOWLEDGED AND AGREED:
/s/ H. Wayne Huizenga
- -------------------------
H. Wayne Huizenga
