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
Date of Report ( Date of earliest event reported) April 17, 2000
Track Data Corporation
(Exact Name of Registrant as specified in its Charter)
22-3181095
(IRS Employer Identification Number)
0-24634
(Commission File Number)
Delaware
(State or other jurisdiction of incorporation or organization)
56 Pine Street, New York, New York
(Address of Principal Executives Offices)
10005
(Zip Code)
Registrant's telephone number including Area Code: (212) 943-4555
Item 5. Other Events
This report is being filed to report the Company's press release dated
April 17, 2000.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
The Company's press release dated April 17, 2000 is attached hereto as
Exhibit 99.1.
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
By: /s/ Martin Kaye
Martin Kaye
Vice President and Chief Financial Officer
Date April 19, 2000
Exhibit 99.1
PRESS RELEASE
NEW YORK--April 17, 2000--Track Data Corporation (Nasdaq NMS: TRAC), a leading
provider of online trading and market data services, announced that Barry Hertz,
President and CEO, has incurred substantial losses in trading securities of
several large companies other than Track Data.
Four brokerage firms claim an aggregate of $45 million from Mr. Hertz in respect
of these losses. These claims are secured by approximately 25,000,000 shares
out of approximately 45,000,000 shares of Track Data beneficially owned by Mr.
Hertz. Track Data is not liable for these claims.
