UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
NOVEMBER 18, 1998
DATE OF REPORT
(DATE OF EARLIEST EVENT REPORTED)
RESTRAC, INC.
(Exact name of Registrant as specified in its charter)
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Delaware 0-20735 04-2935271
(State or other jurisdiction of (Commission File Number) (IRS Employer
incorporation or organization) Identification No.)
91 Hartwell Avenue
Lexington, MA 02421
(Address of principal executive offices) (zip code)
(781) 869-5000
(Registrant's telephone number)
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On November 18, 1998, Restrac, Inc. announced that it had acquired the
Junglee Employment Services business from Amazon.com. In exchange for cash of $6
million and approximately 1.7 million shares of Restrac common stock, Restrac
received exclusive rights to Junglee's online recruitment technologies. Restrac
also acquired Junglee's Internet production sites and will manage and develop
the employer and career site business relationships established by Junglee.
Restrac did not retain any Junglee personnel in connection with the transaction.
Ram Shriram, Amazon's vice president of business development, will join
Restrac's board of directors.
ITEM 7. FINANCIAL STATEMENTS , PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) and (b) As this acquisition does not represent the acquisition of
a business, separate entity or subsidiary of the seller as
anticipated by Regulation S-X, and since there are no historical
financial statements related thereto, no financial statements are
required or included herein.
(c) Exhibits
2.1 Asset Purchase Agreement dated November 18, 1998, by
and among Restrac, Inc., Amazon.com, Inc. and Junglee
Corp.
99.1 Press Release dated November 18, 1998 regarding the
acquisition
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.
Restrac, Inc.
(Registrant)
Date: December 3, 1998 By: /s/ LARS D. PERKINS
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Lars D. Perkins, Chief Executive Officer
EXHIBIT INDEX
Exhibit Number Description
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2.1 Asset Purchase Agreement dated November 18, 1998, by
and among Restrac, Inc., Amazon.com, Inc. and Junglee
Corp.
99.1 Press Release dated November 18, 1998 regarding the
acquisition