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): December 26, 2000
INFORMATION MANAGEMENT ASSOCIATES, INC.
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(Exact Name of Registrant as Specified in Charter)
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<S> <C> <C>
Connecticut 001-13211 06-1289928
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(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) Identification No.)
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639 Research Parkway, Meriden, Connecticut 06450
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(Address of principal executive offices) (Zip Code)
(203) 630-1942
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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.)
NY/318168.1
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Item 5. Other Events.
On July 24, 2000, Information Management Associates, Inc. a Connecticut
corporation (the "Company"), filed a voluntary petition for protection under
Chapter 11 of the United States Bankruptcy Code (the "Bankruptcy Code") in the
United States Bankruptcy Court for the District of Connecticut (the "Bankruptcy
Court").
Pursuant to Bankruptcy Rule 2015 and the United States Trustee's
Operating Guidelines and Reporting Requirements for Chapter 11 cases, the
Company is obligated to file monthly operating reports with the Bankruptcy
Court. The Company's unconsolidated, unaudited monthly operating report for
Information Management Associates, Inc. for the month ended November 30, 2000 is
filed as Exhibit 99.1 hereto.
As previously announced, the Company has been exploring strategic
alternatives for its business to preserve value for its creditors and
shareholders. In this regard the Company is seeking possible purchasers for all
or part of its business. There is no assurance that the Company will be able to
sell all or a part of its business on favorable terms or at all.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits
Exhibit No. Description
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99.1 Unconsolidated, Unaudited Monthly
Operating Report for the month
ended November 30, 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: January 8, 2001 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 Unconsolidated, Unaudited Monthly
Operating Report for the month
ended November 30, 2000.
