SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
November 7, 1997
(Date of Report [Date of earliest event reported])
TRACK DATA CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 0-24634 22-3181095
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File #) Identification #)
56 Pine Street, New York, New York 10005
(Address of Principal Executive Offices, Including Zip Code)
(212) 422-4300
(Registrant's Telephone #, Including Area Code)
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ITEM 2. ACQUISITION AND DISPOSITION OF ASSETS.
On November 7, 1997, Mr. Barry Hertz, Chairman and principal stockholder of
the Registrant, transferred his 100% ownership in NewsWare, Inc. ("NW") to the
Registrant for no consideration. NW owed Mr. Hertz approximately $1,100,000,
which was contributed to capital prior to this transaction, and NW owed the
Registrant approximately $1,200,000, net of reserves, at the time of this
transaction. NW is a provider of on-line news information services. For
accounting purposes, the transaction will be treated as a combination of
entities under common control similar to a pooling-of-interests.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial statements of business acquired
The financial statements of NW are not presently available. The required
financial statements will be filed by amendment and are anticipated
to be filed no later than January 19, 1998.
(b) The financial statements of NW are not presently available. The required
pro forma financial information will be filed by amendment and is
anticipated to be filed no later than January 19, 1998.
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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 thereunto duly authorized.
TRACK DATA CORPORATION
/s/
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By Barry Hertz, Chairman
/s/ Chairman and Chief Executive Officer November 20, 1997
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Barry Hertz
