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): July 20, 2001
WOW Entertainment, Inc.
--------------------------------------------------------------------------
(Exact Name of Registrant as Specified in Charter)
Delaware
--------------------------------------------------------------------------
(State or Other Jurisdiction of
Incorporation or Organization)
0-19049 74-2504501
--------------------------------------------------------------------------
(Commission (IRS Employer
File Number) Identification No.)
Bank One Tower, 111 Monument Circle, Suite 4600, Indianapolis, Indiana 46204
----------------------------------------------------------------------------
(Address of Principal Executive Offices)
Registrant's telephone number, including area code: (317) 974-1969
N/A
--------------------------------------------------------------------------
(Former Name, Address and Former Fiscal Year, if Changed Since Last Report)
1 of 2
WOW Entertainment, Inc.
SEC Form 8-K
Item 5. Other Events and Regulation FD Disclosure.
In furtherance of its plans to diversify its operations and increase its
earnings, the Company has established a subsidiary under the name CornerStone
Wireless Services, Incorporated("CornerStone") to provide design services
(including architectural and engineering services) in connection with the
development and expansion of wireless transmission towers and other facilities
for the wireless telecommunications industry within the United States. The
Company acquired all of the outstanding stock of CornerStone, which was a shell
corporation with no assets and no business operations, for nominal consideration
from its incorporator, William A. Shoemake. This transaction is not being
reported as an acquisition of significant assets under Item 2 because as of the
date CornerStone became a subsidiary of the Company it had no assets and had not
begun any business.
CornerStone first began business operations as of July 2001. CornerStone has
hired Mr. Shoemake to serve as its President and Chief Executive Officer. Mr.
Shoemake will direct the development of a full line of engineering and
architectural services specializing in the wireless telecommunications industry.
Mr. Shoemake has over 16 years of experience in the telecommunications industry.
He was previously Chief Operating Officer of Valcom, Inc. before joining qServe
Communications as the Senior Vice President of Operations when the companies
merged in July 2000. Prior to joining Valcom, Mr. Shoemake spent over 10 years
at BellSouth Cellular Corporation, including serving as Director of Engineering
and Operations for the Indiana markets. Mr. Shoemake has an AS degree in
Electrical Engineering and Technology from Purdue University, a BS degree in
Electrical Engineering from Purdue University and a Masters in Business
Administration from Indiana Wesleyan University.
Item 7. Financial Statements and Exhibits
(a) and (b) No financial statements for CornerStone are required since the
transaction reported is not an acquisition of significant assets required to be
reported under Item 2.
(c) Exhibits
None
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.
WOW Entertainment, Inc.
-----------------------
(Registrant)
DATE: August 1, 2001
By: /s/ Douglas E. May
---------------------------
Douglas E. May,
Vice President of Finance
and Chief Financial Officer
2