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): March 11, 2002
DIGITAL COURIER TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-20771 87-0461586
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(State or other jurisdiction of (Commission File (I.R.S. Employer
incorporation or organization) Number) Identification Number)
348 East 6400 South, Suite 220, Salt Lake City, Utah 95035
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (801) 266-5390
N/A
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(Former Name or Former Address if Changed Since Last Report)
Item 5. Other Events and Regulation FD Disclosure
On March 11, 2002, Mr. John Hanlon, formerly a director, President and Chief
Financial Officer of the registrant, submitted his resignation which was
effective immediately. Mr. Evan M. Levine, a director of the Company since
February 2001, will assume the role of Interim Chief Executive Officer
overseeing all financial and legal matters. Mr. Levine is Managing Member of
Mark Capital, LLC specializing in technology and biotechnology investments. He
has over fifteen years of experience in the investment banking industry
including debt and equity financing and trading. He was previously a Managing
Principal and Portfolio Manager of Brown Simpson Asset Management, and Head
Convertible Trader with both Dillon Read and Hambrecht & Quist. Mr. Levine holds
an M.B.A. from New York University and a B.A. in Economics and Finance from
Rutgers University.
Ms. Becky H. Takeda, Vice President of Business Development, will move into the
role of President, with responsibility for business development and operations.
Mr. Stephen T. Cannon remains as the Company's Chief Technical Officer.
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.
Date: March 12, 2002
DIGITAL COURIER TECHNOLOGIES, INC.
By: /s/ James J. Condon
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James J. Condon
Chairman of the Board