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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: December 31, 1998
NETWORK SOLUTIONS, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-22967 52-1146119
(State or other jurisdiction (Commission File (I.R.S. Employer
of incorporation) Number) Identification Number)
505 Huntmar Park Drive, Herndon, Virginia 20170
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (703) 742-0400
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ITEM 5. OTHER EVENTS.
On December 31, 1998, the Board of Directors of Network Solutions, Inc.,
a Delaware corporation (the "Company"), approved a two-for-one split of the
Company's Class A Common Stock and Class B Common Stock ("Common Stock") to be
effected in the form of a stock dividend. The stock split will be effected by
the distribution on March 23, 1999 to stockholders of record as of the close of
business on February 26, 1999 of one additional share of Common Stock for each
share of Common Stock issued and outstanding. The stock split will increase the
number of shares of Common Stock outstanding from approximately 16,485,000 to
approximately 32,970,000.
A copy of the Company's press release, dated January 4, 1999, announcing
the stock split is attached hereto as Exhibit 99.1 and incorporated by reference
herein.
On January 12, 1999, the Company announced that it registered
approximately 1,911,000 net new domain names in 1998, nearly double the
approximately 960,000 net new domain names registered in 1997. Network Solutions
registers domain names in the .com, .org, .net and .edu top levels domains. A
copy of the Company's press release, dated January 12, 1999, announcing the 1998
domain name registrations is attached hereto as Exhibit 99.2 and incorporated by
reference herein.
This report and the Company's press releases attached hereto contain
forward-looking statements that involve risks and uncertainties that could cause
actual results to differ materially from those stated or implied by such
forward-looking statements. The potential risks and uncertainties include, among
others, uncertainty of Internet governance and regulation, increased competition
in the domain name registration business and customer acceptance of new products
and services offered by the Company in addition to or as enhancements of its
registration services. More information about potential factors that could
affect the Company's business and financial results is included in the Company's
annual report on Form 10-K for the year ended December 31, 1997, the Company's
quarterly reports on Form 10-Q for the periods ended March 31, 1998, June 30,
1998 and September 30, 1998, and the Company's Registration Statement on Form
S-3 filed on January 4, 1999, which are on file with the Securities and Exchange
Commission (http://www.sec.gov).
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
99.1 Text of Press Release dated January 4, 1999
99.2 Text of Press Release dated January 12, 1999
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.
NETWORK SOLUTIONS, INC.
Date: January 15, 1999 By: /s/ Robert J. Korzeniewski
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Robert J. Korzeniewski
Chief Financial Officer, Acting Chief
Operating Officer and Authorized
Signatory
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NETWORK SOLUTIONS, INC.
INDEX TO EXHIBITS
Exhibit Description
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99.1 Text of Press Release dated January 4, 1999
99.2 Text of Press Release dated January 12, 1999