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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) April 18, 1997
Byron Preiss Multimedia Company, Inc.
(Exact name of registrant as specified in its charter)
New York 1-13084 13-3676574
(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
24 West 25th Street, New York, New York 10010
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code (212) 989-6252
Not Applicable
(Former name or former address, if changed since last report.)
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Item 5 Other Events
As reported and discussed in the Company's Current Report on Form 8-K (date
of event-February 5, 1997) filed with the Securities and Exchange Commission on
or about February 19, 1997, on February 5, 1997, Byron Preiss Multimedia
Company, Inc. (the "Company"), completed the sale (the "Transaction") of 8.0%
Convertible Debentures due January 31, 1999 (the "Debentures") in an aggregate
principal amount of $2,000,000 to the following foreign entities (collectively,
the "Noteholders"): Baybridge Securities, Blue Chip Securities Limited, Allied
Balken Investments Limited and AT Investments. On or about April 22, 1997, in
accordance with the notices of conversion of the Debentures presented to the
Company by each of the Noteholders, the Company issued and delivered 785,176
shares of common stock ("Common Stock"), par value $.001 per share, of the
Company to Allied Balken, 219,849 shares of Common Stock to AT Investments,
753,769 shares of Common Stock to Baybridge Securities and 753,769 shares of
Common Stock to Blue Chip Securities. In the aggregate, the Company issued
shares of Common Stock, representing approximately 35% of the Company's issued
and outstanding shares of Common Stock. The agreements entered into in
connection with the Transaction do not contain any provisions relating to the
election of directors of the Company.
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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.
BYRON PREISS MULTIMEDIA COMPANY, INC.
By: /s/ James R. Dellomo
Name: James R. Dellomo
Title: Chief Financial Officer
Date: April 28, 1997
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