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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): November 19, 1996
MOBILEMEDIA CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 0-26320 22-3253006
(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
65 Challenger Road, Ridgefield Park, New Jersey 07660
(Address of principal executive offices)
(Zip Code)
(201) 440-8400
(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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INFORMATION TO BE INCLUDED IN THE 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 November 19, 1996, the Company issued the press
release attached as Exhibit A hereto.
Item 6. Resignations of Registrants Directors.
Not Applicable
Item 7. Financial Statements and Exhibits.
Not Applicable
Item 8. Change in Fiscal Year.
Not Applicable
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Pursuant to the requirements of the Securities Exchange
Act of 1934, as amended, the registrant has duly caused this
report to be signed on its behalf by the undersigned hereunto duly
authorized.
MOBILEMEDIA CORPORATION,
a Delaware corporation
Date: November 20, 1996 By: /s/ Santo J. Pittsman
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Santo J. Pittsman
Senior Vice President and
Chief Financial Officer
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EXHIBIT INDEX
Exhibit Page
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Exhibit A -- Press Release dated November 19, 1996. 5
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[LOGO] [LETTERHEAD]
FOR IMMEDIATE RELEASE
CONTACTS: Santo J. Pittsman Laura E. Wilker
Senior Vice President & CFO Investor Relations
201-393-4693 201-462-4959
MOBILEMEDIA CORPORATION
ANNOUNCES MANAGEMENT CHANGES
RIDGEFIELD PARK, NJ, November 19, 1996...MobileMedia Corporation
(NASDAQ:MBLM) today announced that Michael K. Lorelli has informed the Company's
Board of Directors of his intention to resign as the Company's President and
Chief Executive Officer and as a member of its Board of Directors.
The Company and Mr. Lorelli are working out details of a Separation
Agreement, the terms of which are expected to include compensation calculated
pursuant to his employment agreement.
David Bayer, Chairman of the Board of Directors, will be named Acting Chief
Executive Officer. The Board is commencing an active search for Mr. Lorelli's
replacement, and is continuing its search for senior operations management.
On behalf of the Board of Directors, David Bayer said, "Mike Lorelli joined
MobileMedia in September because we and he felt the Company's long-term
opportunities would leverage his leadership talents as a growth strategist. In
the past three months, it has become clear that the challenges facing
MobileMedia are more operational in nature.
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Ongoing discussions with the lenders and vendors have prompted Mike to conclude
that the role of CEO now requires an executive with a different experience set.
We support Mike in a decision he feels is in his own and MobileMedia's best
interests."
David Bayer has over 20 years of experience operating paging and cellular
telephone companies, most recently as an investor in, and member of the Boards
of Directors of, Western Wireless Corporation and MobileMedia.
MobileMedia Corporation is the second largest provider of paging and
personal communications services in the United States, offering local, regional
and nationwide coverage to approximately 4.5 million subscribers in all 50
states, Canada and the Caribbean. The company operates two one-way nationwide
networks and owns two nationwide narrowband PCS licenses.
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