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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported): October 22, 1998
SMARTALK TELESERVICES, INC.
(Exact name of registrant as specified in its charter)
CALIFORNIA 0-21579 95-4502740
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
5080 TUTTLE CROSSING BOULEVARD 43016-3566
DUBLIN, OHIO (Zip Code)
(Address of Principal
Executive Offices)
Registrant's telephone number, including area code: (614) 789-8500
No Change
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(Former name or former address, if changed since last report)
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Item 5. Other
On October 22, 1998, SmarTalk TeleServices, Inc. (the "Company") announced that
the previously announced review of the Company's financial statements for 1997
and the first two quarters of 1998 was nearing completion. The review has been
led by the Company with the assistance of the Company's independent accountants,
PricewaterhouseCoopers LLP ("PwC"). The Company's board of directors has
received a substantially final report from PwC.
The Company further reported the findings of the review to date, including,
among other things, the adjustments relating to the purchase accounting for the
Company's 1997 acquisitions and the Company's 1997 restructuring charge.
The foregoing is a summary only and should be read in conjunction with the press
release attached hereto as Exhibit 99.1, which is incorporated herein by
reference in its entirety.
Item 7. Exhibit
Exhibit No. Description
99.1 Press Release: SmarTalk Announces Restatement of Financial
Results for 1997 and for Q1 and Q2 1998 Nearing Completion
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
SMARTALK TELESERVICES, INC.
(Registrant)
Date: October 23, 1998 By: /s/ Thaddeus Bereday
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Name: Thaddeus Bereday
Title: Vice President & General Counsel