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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): September 15, 1999
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Open Market, Inc.
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(Exact Name of Registrant as Specified in its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
0-28436 04-3214536
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(Commission File Number) (IRS Employer Identification No.)
One Wayside Road, Burlington, Massachusetts 01803
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(Address of principal executive offices) (Zip Code)
(781) 359-3000
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events
On September 15, 1999, Open Market, Inc. (the "Company") announced that
Peter Woon, Senior Vice President of Engineering of the Company, had resigned to
pursue an opportunity as a division president and Chief Operating Officer of
Insurance Technology Services of America, Inc.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
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Exhibit No. Description
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99 Press Release dated September 15, 1999
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SIGNATURE
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.
Date: September 16, 1999 OPEN MARKET, INC.
By: /s/ Betty J. Savage
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Betty J. Savage
Vice President and
Chief Financial Officer
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EXHIBIT INDEX
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Exhibit No. Exhibit
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99 Press Release dated September 15, 1999
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For Immediate Release
Media Contact: Katie O'Loughlin Investor Contact: Annmarie Russell
781.359.7366 781.359.7589
[email protected] [email protected]
OPEN MARKET ANNOUNCES THE RESIGNATION OF PETER WOON,
SENIOR VICE PRESIDENT OF ENGINEERING
BURLINGTON, MA -- September 15, 1999 -- Open Market, Inc. (NASDAQ: OMKT), the
market share leader in Internet commerce software, today announced that Peter
Woon, senior vice president of Engineering at Open Market has resigned in order
to pursue an opportunity as the division president and Chief Operating Officer
of Insurance Technology Services of America, Inc. (ITSA). ITSA is a 200 person
subsidiary of Insurance Holdings of America, Inc. (IHA), focused on providing
business-to-business and e-commerce platforms for the insurance industry.
"In the nearly four years that Peter has been a part of Open Market he has made
significant contributions in establishing the engineering function and the
overall success of the business, said Gary Eichhorn, president and CEO of Open
Market. "Open Market has a strong team in place to continue to drive our
leadership in the e-business marketplace."
"I have had an outstanding experience at Open Market and I am proud to have
worked for such a world-class organization," said Peter Woon, senior vice
president of Engineering. "It's been exciting to play a part in the pioneering
role Open Market has taken in Internet commerce. I'm confident that Open Market
will continue its legacy of innovation developing software to manage e-business,
especially given the company's upcoming acquisition of FutureTense."
About Open Market
Founded in 1994, Open Market, Inc. (NASDAQ: OMKT) is the market-share leader in
Internet commerce software with more than 25,000 merchant licenses sold
worldwide. Open Market's high-performance application software products and
professional services allow its customers to engage in business-to-consumer and
business-to-business Internet commerce, information commerce, and commercial
publishing. Among Open Market's distinguished roster of global customers are
many of the most popular domains on the Web, including Lycos.com, AOL.com, and
the Wall Street
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Journal Interactive Edition; major industrials such as Acer, Ingram Micro,
Milacron, and Siemens; and 10 of the world's top 13 national telephone
companies. The company, headquartered in Burlington, Massachusetts, has a
presence in 24 countries. Open Market's international head office is in the UK
with additional offices in Australia, Canada, France, Germany, Italy, Japan and
The Netherlands. Open Market can be reached by calling 1-888-OPEN-MKT (toll-
free) or 1-781-359-3000 in the U.S. or +44 (0)1753 838 000 in the U.K. or by
visiting http://www.openmarket.com.
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This news release contains forward-looking statements that involve a number of
risks and uncertainties. Among the important factors that could cause actual
results to differ materially from those indicated by such forward-looking
statements are the company's limited operating history, delays in product
development, development of the Internet market, changes in product pricing
policies, competitive pressures, and the risk factors detailed from time to time
in the company's periodic reports and registration statements filed with the
Securities and Exchange Commission.
Open Market, Transact, and ShopSite are trademarks or registered trademarks of
Open Market, Inc. in the United States and other countries. All other names are
used for identification purposes only and may be trademarks of their respective
owners.
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