UNITED STATES
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
March 13, 2002
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(Date of Report)
Claimsnet.com inc.
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(Exact name of registrant as specified in its charter)
Delaware 001-14665 75-2649230
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
12801 N. Central Expressway, Suite 1515, Dallas, Texas 75243
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(Address of principal executive offices)
(972) 458-1701
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(Registrant's telephone number, including area code)
N/A
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(Former name or former address, if changed since last report.)
Item 5. Other Events.
On March 6, 2002, Registrant issued a press release announcing that its
common stock would cease trading on the Nasdaq SmallCap Market on March 6, 2002.
A copy of the press release is attached hereto as Exhibit 99.1.
On March 12, 2002, Registrant issued a press release announcing certain
changes to improve financial performance, including, the resignation of Bo W.
Lycke as President and Chief Executive Officer; the appointment of Paul W.
Miller to succeed Mr. Lycke, that the board of directors has accepted the
resignations of Westcott W. Price, III, Ward L. Bensen, and Robert H. Brown,
Jr.; and the board has also elected two new directors, Thomas Michel and Jeffrey
Black to fill two of the vacated seats. Mr. Black and Mr. Michel are
representatives of the investment syndicate that has been and continues to
provide funding to the Company. The resignation of each of Messrs. Lycke, Price,
Bensen and Brown did not relate to a disagreement with the Registrant on any
matter relating to the Registrant's operations, policies or practices. A copy of
the press release is attached hereto as Exhibit 99.2.
On March 13, 2002, Registrant issued a press release announcing that it
received an additional funding commitment of $550,000 from Claimsnet Partners
LLC, a New York based limited liability corporation, controlled by the
principles of a Zurich, Switzerland based investment group. The Company
announced that this funding is part of an aggregate $826,000 commitment, of
which $276,000 has already been subscribed to since January 1, 2002. A copy of
the press release is attached hereto as Exhibit 99.3.
SIGNATURE
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.
Dated: March 13, 2002
CLAIMSNET.COM INC.
By: /s/ Paul W. Miller
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Name: Paul W. Miller
Title: President