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): January 16, 2001
THE READER'S DIGEST ASSOCIATION, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-10434 13-1726769
(State or other juris-diction of (Commission File Number) (I.R.S. Employer
incorporation or organization) Identification No.)
Pleasantville, New York 10570-7000
(Address of principal executive offices) (Zip Code)
Registrant's telephone number,including area code:
(914) 238-1000
ITEM 5. Other Events.
Filed herewith as Exhibit 99.1 is a copy of the company's news
release, issued today, relating to the election of Jonathan B. Bulkeley to the
Company's Board of Directors.
ITEM 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Financial statements of business acquired
Not applicable
(b) Pro forma financial information
Not applicable
(c) Exhibits
Number Description
99.1 Press Release of The Reader's Digest
Association, Inc. dated January 16, 2001
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.
THE READER'S DIGEST ASSOCIATION, INC.
(Registrant)
/s/GEORGE S. SCIMONE
Date: January 16, 2001 George S. Scimone
Senior Vice President and Chief Financial Officer
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EXHIBIT INDEX
Exhibit No. Description
99.1 Press Release of The Reader's Digest
Association, Inc. dated January 16, 2001
<PAGE>
Exhibit 99.1
JONATHAN BULKELEY IS ELECTED TO THE BOARD OF DIRECTORS OF THE READER'S
DIGEST ASSOCIATION, INC.
PLEASANTVILLE, N.Y., January 16, 2001--The Reader's Digest Association,
Inc. (NYSE: RDA, RDB) today announced the election of Jonathan B. Bulkeley to
its Board of Directors. Mr. Bulkeley was elected last Friday at a regular Board
meeting.
Mr. Bulkeley brings diverse strengths to the Board in new media, marketing,
publishing and technology. He was CEO of Barnes & Noble.com in 1999 after
spending six years with America Online, where he directed AOL's first
advertising sales and e-commerce initiatives and was the founder and managing
director of AOL in the United Kingdom.
Before joining AOL, Mr. Bulkeley held a number of sales and marketing
positions at Time Warner, Inc. in its magazine division.
Thomas O. Ryder, chairman and chief executive officer of Reader's Digest,
said, "We are delighted to welcome Jonathan to our Board at this time of great
opportunity for Reader's Digest. He brings skills and experiences that are
highly appropriate for the company's challenges of today. He is experienced in
e-businesses and other aspects of new media, yet he also is grounded in the
bricks and mortar of the publishing field."
A graduate of Yale University, Mr. Bulkeley is the Non Executive Chairman
of QXL, Europe's leading Internet auction company, and serves on the Boards of
Milliken & Co., Logikeep, Inc., Lifeminders, Inc., Global Commerce Zone, Rocket
Networks, Instant DX and the Hotchkiss School. This year, the World Economic
Forum named Mr. Bulkeley as one of the top 100 technology pioneers.
Mr. Bulkeley lives in New York City with his wife, Maura, and their four
children.
The Reader's Digest Association, Inc. is a global publisher and direct
marketer of products that inform, enrich, entertain and inspire people of all
ages and cultures around the world. Revenues were $2.6 billion for the fiscal
year ended June 30, 2000. Global headquarters are located at Pleasantville, New
York. The company's main Web site can be found at www.readersdigest.com.
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January 16, 2001
Securities and Exchange Commission
450 Fifth Street, NW
Washington, DC 20549-1005
Re: The Reader's Digest Association, Inc.
Commission File No. 1-10434
Central Index Key 0000858558
Ladies and Gentlemen:
Filed herewith by direct electronic transmission is a Current
Report on Form 8-K of The Reader's Digest Association, Inc. (the "Company")
dated January 16, 2001.
Very truly yours,
/s/CLIFFORD H.R. DUPREE
Clifford H.R. DuPree
Enclosures
