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UNITED STATES 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): October 20, 1999
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GENERAL MAGIC, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 77-0250147
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(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification Number)
420 NORTH MARY AVENUE SUNNYVALE, CALIFORNIA 94086
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (408) 774-4000
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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 October 20, 1999, General Magic, Inc., the Registrant, issued a press
release announcing that Rose Marcario has been named Senior Vice President and
Chief Financial Officer of the Company, effective November 8, 1999. Ms. Marcario
replaces James McCormick, who resigned as Chief Operating Officer and Chief
Financial Officer, effective October 22, 1999. A copy of the press release is
filed as Exhibit 99.1 and incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) FINANCIAL STATEMENTS OF BUSINESS ACQUIRED. Not applicable.
(b) PRO FORMA FINANCIAL INFORMATION. Not applicable.
(c) EXHIBITS.
Exhibit No. Description
99.1 Press release of the Registrant, dated October 20,
1999, announcing that Rose Marcario has been named
Senior Vice President and Chief Financial Officer of
the Company, effective November 8, 1999, replacing
James McCormick, who resigned as Chief Operating
Officer and Chief Financial Officer of the Company,
effective October 22, 1999
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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.
General Magic, Inc.
By: /s/ MARY E. DOYLE
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October 22, 1999 Mary E. Doyle
General Counsel and Secretary
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EXHIBIT INDEX
Exhibit No. Description
99.1 Press release of the Registrant, dated October 20, 1999,
announcing that Rose Marcario has been named Senior Vice
President and Chief Financial Officer of the Company, effective
November 8, 1999, replacing James McCormick, who resigned as
Chief Operating Officer and Chief Financial Officer of the
Company, effective October 22, 1999
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For information contact:
Laura Crowley Christina Carrabino (General)
General Magic, Inc. The Financial Relations Board, Inc.
1+408 774-4457 1+415 986-1591
FOR IMMEDIATE RELEASE
GENERAL MAGIC NAMES ROSE MARCARIO AS NEW CFO
SUNNYVALE, Calif. (October 20, 1999) - General Magic today announced that Rose
Marcario has been named senior vice president and chief financial officer,
effective November 8, 1999. Marcario comes to General Magic with more than 10
years of senior financial management expertise at International Rectifier
Corporation, Fortune Fashions Incorporated, and L. A. Gear, Incorporated.
Marcario replaces James McCormick, who is resigning from his position as COO and
CFO to pursue other professional interests, effective October 22, 1999.
"Rose is a strong addition to an already dynamic senior management team and has
the experience and know-how to drive the company's commitment to financial
management," said Steve Markman, president and CEO of General Magic. "She brings
excellent financial management capabilities and her experience with
consumer-driven corporations will advance our efforts in the voice-enabled
services and technology market space."
Markman added, "Over the past two years, James McCormick has been instrumental
in building the foundation for General Magic. We have all benefited greatly from
his personal leadership and appreciate his enthusiasm and energetic dedication
to the company. We wish him the very best."
Marcario was vice president of Global Financial Services for International
Rectifier Corporation, where she was responsible for all functional areas of
financial services including treasury, financial analysis, strategic planning
and banking. Previously, she
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GENERAL MAGIC NAMES NEW CFO 2
served as corporate controller of Fortune Fashions, Incorporated, where she
managed the acquisitions of Big Dog Sportswear and financed the opening of 15
new outlet stores. Prior to Fortune Fashions, she served as director of
corporate finance for L.A. Gear, Incorporated, where she was responsible for
developing internal controls and procedures for all functional areas of general,
cost and corporate accounting.
In addition, Marcario has extensive experience in setting up joint ventures,
mergers and acquisitions as well as external financing. Marcario is a certified
public accountant in the state of New York, formerly with Arthur Andersen & Co.,
and holds an MBA in International Finance from the University of California, Los
Angeles.
ABOUT GENERAL MAGIC
General Magic offers voice-enabled services and technology that make
communication and access to information easy and convenient. The company's
innovative, patent-pending magicTalk voice interface lets people interact with
information using their own words, as if they were talking to another person.
For more information about General Magic, visit the company's Web site at
http://www.generalmagic.com. Investors with questions may call Shareholder
Communications at 1 877-245-6973.
# # #
General Magic notes that this press release contains forward-looking statements.
There are risks and uncertainties that may cause actual results to vary
materially. These risks and uncertainties include, but are not limited to, the
adequacy of the company's financial resources to execute its business plan; the
company's ability to attract advertisers and sponsors and its ability to
generate revenues from advertising sales; the company's ability to attract,
retain and motivate key technical, marketing and management personnel; the
capability of the Network Operations Center to handle increases in demand;
market acceptance of the company's services and technologies; the challenges
inherent in the development and delivery of complex technologies; the ability of
the company's third-
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GENERAL MAGIC NAMES NEW CFO 3
party technology partners to timely develop, license or support technology
necessary for the company's services; and the company's ability to respond to
competitive developments. These and other risk factors are detailed in General
Magic's Registration Statement on Form S-3, filed on August 18, 1999.
General Magic, magicTalk and myTalk are trademarks of General Magic, Inc., which
may be registered in some jurisdictions.
