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: October 18, 1998 (Date of Earliest Event Reported: October 22,
1998)
RIGL CORPORATION
______________________________________________________________________________
(Exact name of registrant as specified in its charter)
Nevada 0-24217 85-0206668
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(State or other jurisdiction (Commission File. No.) (IRS Employer
of Incorporation) Identification No.)
7501 North 16th Street - Suite 200
Phoenix, Arizona 85020
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(Address of Principal Executive Office) (Zip Code)
Registrant's Telephone Number, including Area Code: (602) 906-1924
______________________________________________________________________________
(Former name or former address if changed since last report.)
ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS
At a Board of Director's Meeting held on October 22, 1998, the Directors
regrettably accepted the resignation of Walter Vogel. Mr. Vogel had assumed
additional responsibilities and duties with a German corporation that he had
personally invested in and did not feel that he could efficiently serve both
that corporation and RIGL.
At the same meeting the Board of Directors appointed Eugene Starr to fill the
vacancy created by Mr. Vogel's resignation. A copy of Mr. Starr's resume is
attached as Exhibit A.
EXHIBIT INDEX
A. Resume of Eugene Starr
Signature:
By /s/John A. Williams
__________________________________
John A. Williams
As Chief Financial Officer
EXHIBIT A
Eugene Starr
431 Summit Street
Englewood Cliffs, N.J. 07632
(201) 568-0448
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Business Experience
1986-Present Independent Consultant New York, N.Y.
Developed relationship with financial community to analyze
technology, markets and long term potential of companies
for the purpose of private placements, venture capital,
mergers and acquisitions and public offerings. Developed
business plans for emerging technology companies in
banking, real time software development, scientific
computing and training and simulation. Primary clients
were Baer & Co; Ladenberg Thalmann; Bateman, Eichler, Hill
& Richards; and Willard Investments.
1983-1986 Moseley, Hallgarten, Eastabrook & Weeden New York, N.Y.
Vice President Research
Technology Analyst following the data communications,
peripherals, and computer industries. Analyzed and
developed reports on new emerging technology and turn-
around situations such as Digital Equipment Corporation,
MCI, Computer Consoles and IBM. Published monthly
statistical reports. Developed relationships with
corporate executives for investment banking.
1981-1983 Compuscan Inc. Fairfield, N.J.
Vice President Corporate Development
Was responsible for long-range planning of this optical
scanning company while managing software programs in
"lock-box" payment for banks and forms analysis for the
insurance industry. Developed new product strategy and
accomplished two successful acquisitions.
1978-1981 Ontel Corporation (Subsidiary of Caesar's World)
Vice President Corporate Development Woodbury, N.Y.
Was responsible for long-range planning and product
development for this intelligent terminal company.
Created a successful word processing activity with
Olivetti, Olympia, and Informatics. Managed a program for
real time ATM banking for a major bank and a drug
interaction system for a drug store chain. Negotiated
acquisitions and mergers.
1975-1978 Par Metal Products Brooklyn, N.Y.
Chairman of the Board and CEO
Developed Strategy to execute a turn-around of an old line
electronic metal enclosure company. Sales increased from
$2 million to $6 million and from a loss to a profitable
operation.
1970-1975 TYCOM Corporation Fairfield, N.J.
President and CEO
Developed a strategy to execute a turn-around of a public
start-up technology based company. Pioneered interactive
typewriter based terminals, manufacturing modems and
communications equipment. With a unique technology and a
new marketing plan, the company became a leader in OEM
sales of word processing equipment to Savin, Hewlett-
Packard, Monroe (division of Litton Industries), and
Sharp.
1966-1970 Quantum Science Corporation New York, N.Y.
Vice President
Leading consultant to investment community for analysis of
technology based companies. Was responsible for marketing
and delivery of reports of venture capital analysis,
mergers and acquisitions, forecasting and a new product
analysis. Developed strategies for technology based
companies in communications, software, graphics, image
processing, and computers. Managing director of Samson
Fund, a technology based hedge fund.
Prior Experience
Research Physicist in Nuclear Science at Brookhaven National Laboratory and
Combustion Engineering Corporation (Nuclear Submarine Program).
Education
Phd Nuclear Physics, New York University, 1965
MS Physics, New York University
BS Engineering Physics, New York University
MBA Course work completed
Member Advisory Board, New York University Graduate School of Business
Member of the Board of the following Companies:
Astraea Computer Corporation -VME Board Company
Scientific Measurement -Company Industrial Tomography
Q1 Corporation -Micro Computer Systems Manufacturers
Telemarketing Corp. Of America -Nationwide In-coming WATS
Xybion Corporation -Software Image Analysis
Marinco Corporation -Array Processor Manufacturer
Definicon Corporation -Graphics and Accelerator Add On Boards
Danyl Corporation -Debit Card Systems
Cognitive Systems -Artificial Intelligent Banking Software
Silicon Development Corporation -Mixed Signal Compilers