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) October 11, 1996
--------------------------------
BUREAU OF ELECTRONIC PUBLISHING, INC.
- --------------------------------------------------------------------------------
(Exact Name of Registrant as Specified in Charter)
Delaware 1-13890 22-2894444
- --------------------------------------------------------------------------------
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
619 Alexander Road, Princeton, New Jersey 08540
- --------------------------------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (609) 514-1600
------------------------------
- --------------------------------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report)
<PAGE>
Item 1. Changes in Control of Registrant.
Not applicable.
Item 2. Acquisition or Disposition of Assets.
Not applicable.
Item 3. Bankruptcy or Receivership.
Not applicable.
Item 4. Changes in Registrant's Certifying Accountant.
Not applicable.
Item 5. Other Events.
The information contained herein may contain forward looking
statements that are based on current expectations of Bureau of Electronic
Publishing, Inc. (the "Company") that involve a number of risks and
uncertainties and such forward looking statements should not be considered
guarantees of future performance. These statements are made under the "Safe
Harbor Provisions" of the Private Securities Litigation Reform Act of 1995. The
factors that could cause actual results to differ materially from the forward
looking statements include the impact of competitive products and pricing,
product demand and market acceptance risks, the presence of competitors with
greater financial resources than the Company and an inability to arrange
additional debt or equity financing.
On October 11, 1996, the Company issued the following press
release:
THYNX (NASDAQ:BEPI) ANNOUNCES REDUCTION IN STAFF
PRINCETON, NJ --- October 11, 1996 -- Bureau of Electronic
Publishing Inc. (NASDAQ:BEPI) d/b/a Thynx, announced today the layoff of 16 of
its 28 employees.
Elliott Eisenberg, Chief Operating Officer, said the reduction
was due to disappointing sales results and a decision was made to redirect the
Company's efforts. "We intend to enhance shareholder value by focusing our
efforts upon the building of profitable lines of business via internal
development and acquisition," said Eisenberg.
-1-
<PAGE>
Item 6. Resignations of Registrant's Directors.
Not applicable.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
Not applicable.
Item 8. Change in Fiscal Year.
Not applicable.
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.
BUREAU OF ELECTRONIC PUBLISHING, INC.
Date: October 22, 1996 By: /s/ Brent J. Subkowsky
------------------------------------
Name: Brent J. Subkowsky
Title: Controller and Secretary
-2-
