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): February 8, 1999
DISCOVERY ZONE, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-21854 65-0408845
(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
565 Taxter Road, Fifth Floor,
Elmsford, New York 10523
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 914-345-4500
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INFORMATION TO BE INCLUDED IN REPORT
Item 1. Changes in Control of Registrant
Not Applicable.
Item 2. Acquisition or Disposition of Assets
Not Applicable.
Item 3. Bankruptcy or Receivership
Not Applicable.
Item 4. Changes in Registrant's Certifying Accountant
Not Applicable.
Item 5. Other Events
On February 8, 1999, Discovery Zone, Inc. (the "Company") entered
into an agreement with Ladenburg Thalmann & Co. Inc. ("Ladenburg") pursuant to
which Ladenburg will assist the Company in raising additional capital and
exploring strategic alternatives, including investment by a strategic partner or
other investor, which may result in the sale of the Company by means of a
merger, joint venture, business combination, sale of assets or other similar
transaction. The Company's engagement of Ladenburg's services will end one year
after the date of the agreement unless extended by the parties.
Item 6. Resignation of Registrant's Directors
Not Applicable.
Item 7. Financial Statements and Exhibits
Not Applicable.
Item 8. Change in Fiscal Year
Not Applicable.
Item 9. Sales of Equity Securities Pursuant to Regulation S
Not Applicable.
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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.
Date: February 16, 1999 DISCOVERY ZONE, INC.
By: /s/ Chet Obieleski
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Chet Obieleski
President and Chief Executive Officer
