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: May 27, 1999
CREATIVE COMPUTERS, 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 or Organization)
0-25790 95-4518700
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(Commission File Number) (I.R.S. Employer
Identification No.)
2555 West 190th Street
Torrance, California 90504
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(Address of Principal Executive Offices) (Zip Code)
(310) 354-5600
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(Registrant's telephone number,
including area code)
Item 5. Other Events.
On May 18, 1999, the board of directors of Creative Computers, Inc. (the
"Company") declared a distribution (the "Distribution") to the holders of the
Company's common stock of all of the 7,329,883 shares of common stock of uBid,
Inc. ("uBid") owned by the Company. The Distribution is payable on June 7, 1999
(the "Distribution Date") to stockholders of record as of May 24, 1999 (the
"Record Date"). Based on the number of shares outstanding on the Record Date,
the Company will distribute approximately .70488 shares of uBid common stock for
each share of the Company's common stock outstanding on the Record Date.
Completion of the Distribution remains subject to certain conditions set forth
in the Separation and Distribution Agreement previously entered into between the
Company and uBid. Additional information about the Distribution is contained in
an information statement (the "Information Statement") dated May 26, 1999, which
is being mailed to stockholders. A copy of the Information Statement is filed as
Exhibit 99.1 to this Form 8-K.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
10.1 Separation and Distribution Agreement, dated as of December 7,
1998, by and between Creative Computers, Inc. and uBid, Inc., as
amended.
99.1 Information Statement dated May 26, 1999.
2
SIGNATURE
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.
CREATIVE COMPUTERS, INC.
Date: May 26, 1999 By: /s/ TED SANDERS
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Ted Sanders
Chief Financial Officer
(Principal Financial Officer)
Index to Exhibits
Exhibit Description
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10.1 Separation and Distribution Agreement, dated as of December 7,
1998, by and between Creative Computers, Inc. and uBid, Inc.,
as amended.
99.1 Information Statement dated May 26, 1999.