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: June 7, 1999
CHILDREN'S BROADCASTING CORPORATION
(Exact name of registrant as specified in its charter)
MINNESOTA 0-21534 41-1663712
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(State or other (Commission File No.) (IRS Employer ID No.)
jurisdiction
of incorporation)
5501 EXCELSIOR BOULEVARD, MINNEAPOLIS, MINNESOTA 55416
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(Address of principal executive offices)
(612) 925-8840
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(Registrant's telephone number, including area code)
<PAGE>
ITEM 5. OTHER EVENTS.
(a) On May 20, 1999, the Company removed Mr. Christopher T. Dahl from the
Audit Committee and appointed Mr. Michael R. Wigley and Mr. William E. Cameron
as members of the Audit Committee. The Audit Committee now consists of Mr.
Richard W. Perkins, Mr. Michael R. Wigley and Mr. William E. Cameron, all of
whom are independent directors under Nasdaq Marketplace Rule 4460(d).
(b) Reference is made to the cautionary statements of the Registrant,
presented in the Registrant's Form 10-KSB for the year ended December 31, 1998.
SIGNATURE
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.
Dated: June 7, 1999 CHILDREN'S BROADCASTING CORPORATION
BY: /s/ James G. Gilbertson
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James G. Gilbertson
ITS: Chief Operating Officer and
Chief Financial Officer
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