SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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
INFORMATION MANAGEMENT ASSOCIATES, INC.
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(Exact Name of Registrant as Specified in Charter)
Connecticut 001-13211 06-1289928
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(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) Identification No.)
One Corporate Drive, Suite 400, Shelton, Connecticut 06484
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(Address of principal executive offices) (Zip Code)
(203) 925-6800
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Registrant's telephone number including area code
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(Former name or former address, if changed since last report.)
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Item 5. Other Events.
On July 11, 2000, Information Management Associates, Inc. (the "Company")
issued a press release announcing the resignations of Albert R. Subbloie, Jr.
and Gary R. Martino from the Company's Board of Directors (the "Press Release").
The Press Release is hereby incorporated by reference herein and is attached
hereto as Exhibit 99.1.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits
Exhibit No. Description
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99.1 Press Release dated July 11, 2000.
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 thereunto duly authorized.
Date: July 11, 2000 INFORMATION MANAGEMENT
ASSOCIATES, INC.
By: /s/ Michael P. McGroarty
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Name: Michael P. McGroarty
Title: Chief Operating Officer
and General Counsel
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Exhibit Index
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Exhibit No. Exhibit
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99.1 Press Release dated July 11, 2000
<PAGE>
Exhibit 99.1
Company Press Release
IMA Announces Director Resignations
SHELTON, CT (July 11, 2000) - - Information Management Associates, Inc.
announced today that Albert R. Subbloie, Jr. and Gary R. Martino had both
resigned from the Company's Board of Directors. Mr. Subbloie and Mr. Martino
will continue to serve as consultants to the Company for the next 90 days.
Mr. Subbloie had served as Chief Executive Officer of the Company until April
2000 and as President of the Company's electronic customer relationship
management business until June 2000, when that business was sold.
Mr. Martino had served as Chairman of the Board of Directors of the Company
until April 2000, and as President of buyersedge.com inc., formerly a
majority-owned subsidiary of the Company. As of June 2000, the Company no longer
maintained an ownership interest in buyersedge.com inc.
ABOUT IMA
IMA (www.imaedge.com) provides Customer Relationship Management software
products and services that are designed to help businesses interact more
effectively with their customers. IMA is headquartered in Shelton, Connecticut.
Additional information about IMA's products and services can be found on the
World Wide Web at www.imaedge.com, requested via email at [email protected] or by
calling 1-203-925-6800.
NOTE: IMA is a registered trademark of Information Management Associates, Inc.
Except for the historical information contained in this announcement, the
matters discussed in this announcement are "forward-looking statements" (as that
term is used in the Private Securities Litigation Reform Act of 1995) that
involve risks and uncertainties detailed from time to time in the Company's
filings with the Securities and Exchange Commission (the SEC). In particular,
IMA draws the reader's attention to the "Risk Factors" stated in the Company's
Registration Statement on Form S-1 dated July 30, 1997 and its accompanying
Prospectus, the Company's Quarterly Reports on Form 10-Q dated August 14, 1997,
November 14, 1997, May 5, 1998, August 14, 1998, November 14, 1998, May 17,
1999, August 16, 1999, and November 22, 1999, the Company's Annual Reports on
Form 10-K dated March 30, 1998 and March 31, 1999, as well as to the Company's
periodic and current reports as they are filed with the SEC.
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Contact:
IMA, Shelton
Michael P. McGroarty, Chief Operating Officer
203/925-6800
[email protected]
