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): June 7, 1999
Cybershop.com, Inc.
-------------------
(Exact name of registrant as specified in its charter)
Delaware 0-23901 13-3979226
-------- ------- ----------
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
116 Newark Avenue, Jersey City, New Jersey 07302
(Address of principal executive offices, zip code)
Registrant's telephone number, including area code: (201) 234-5000
CYBERSHOP INTERNATIONAL, INC.
- --------------------------------------------------------------------------------
(Former name or former address, if changed since last report)
Item 2. Acquisition or Disposition of Assets.
On June 7, 1999, pursuant to an Agreement and Plan of Merger (the "Merger
Agreement") dated as of June 1, 1999 by and among Cybershop.com, Inc. (then
known as Cybershop International, Inc.) (the "Company"), MG Acquisition Corp., a
wholly-owned subsidiary of the Company ("Merger Sub"), The Magellan Group, Inc.
("Magellan"), Ian S. Phillips and Howard J. Kuntz, III (collectively, the
"Magellan Stockholders"), Magellan was merged with and into Merger Sub with
Merger Sub surviving the merger as a wholly-owned subsidiary of the Company. At
the closing, the Magellan Stockholders received an aggregate of $5,000,000 in
cash and 1,000,000 shares of the Company's common stock. In addition, the
Magellan Stockholders are entitled to earn-out payments in certain
circumstances. A copy of the Merger Agreement is filed herewith as Exhibit 2.1.
The foregoing description of the Merger Agreement is qualified in its entirety
by reference to such exhibit.
Item 7. Financial Statements and Exhibits
a) Financial Statements of Business Acquired. To be filed by Amendment
to this current report on Form 8-K.
b) Pro-Forma Financial Information. To be filed by Amendment to this
current report on Form 8-K.
c) Exhibits
2.1 Agreement and Plan of Merger dated as of June 1, 1999 by and among
Cybershop.com, Inc., MG Acquisition Corp., The Magellan Group, Inc., Ian
S. Phillips and Howard J. Kuntz, III.
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.
CYBERSHOP.COM, INC.
(Registrant)
Dated: June 10, 1999 By: /s/ Jeffrey Leist
----------------------------------
Jeffrey Leist
Chief Operating Officer and
Chief Financial Officer