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):
November 12, 1997
DIGITAL DATA NETWORKS, INC.
(Exact name of registrant as specified in its charter)
Washington 0-27704 91-1426372
(State of Incorporation) (Commission File No.) (I.R.S. Employer
Identification Number)
3102 Maple Avenue, Suite 230
Dallas, Texas 75201
(Address of principal executive offices)
(214) 969-7200
(Registrant's telephone number, including area code)
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ITEM 5. Other Events.
1. In August 1997, Richard Rutkowski resigned from the Company's board
of directors, and in September 1997, Stephen Willey resigned from the Company's
board of directors. Subsequent to these resignations, Jerry L. Smith and Robert
F. Hussey have been appointed to fill these vacancies until the Company's next
Annual Meeting, at which time the Company's shareholders will elect its
directors.
Mr. Robert Hussey is currently a director of IVEX Corporation and
York Hannover Health Care, Inc. (Nasdaq-YHHC), as well as on the board of
advisors for Kaufmann Fund and Argentum Capital Partners, I and II. Mr. Hussey
was previously the President and CEO of MetroVision of North America, Inc.
(Nasdaq-MVTV), a niche cable television company with operations in San
Francisco, Boston, Philadelphia and New York, from February 1991 until April
1997, when it merged with York Hannover Health Care, Inc. Prior to MetroVision,
Mr. Hussey was the founder, President and CEO of POP Radio Corp. (Nasdaq-POPX),
the country's largest site-based radio network, which was later acquired by
Heritage Media.
Mr. Jerry Smith is the President and majority owner of Gateway
Group, Inc., a merger, acquisition and investment banking firm specializing in
the sale of manufacturing, distribution and service companies in the $3 million
to $30 million range, since 1985. He is also the President of Bio-Preserve
International Corporation (OTC BB-BIPN), which is engaged in the research and
development of organ preservation device technology. In addition to his
involvement with Gateway Group and Bio-Preserve International, Mr. Smith is the
Managing Member of Abacus Capital, L.L.C., a private buy-out investment firm.
From 1982 to 1985, Mr. Smith was manager of We Sell Businesses, Inc., a
franchised business brokerage office. In the twenty years prior to 1982, Mr.
Smith owned and operated several different retail, distribution and
manufacturing companies. He is a founding director of the Western Washington
Youth Foundation and is a Seattle Pacific University Fellow.
2. In September 1997, the Company's board of directors determined that
it was in the best interests of its shareholders to have Cyber America
Corporation ("Cyber America"), one of its wholly owned subsidiaries, cease
operations, due to the fact that Cyber America had been unable to approach
profitability.
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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.
DIGITAL DATA NETWORKS, INC.
Date: November 11, 1997 By: /s/ Donald B. Scott, Jr.
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Donald B. Scott, Jr., President
