U.S. 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): August 21, 2001
Commission file number 0-22464
KOALA CORPORATION
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(Exact name of Registrant as specified in its charter)
COLORADO 84-1238908
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(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
11600 East 53rd Avenue, Unit D, Denver, Colorado 80239
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(Address of principal executive offices, Zip Code)
(303) 574-1000
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(Registrant's telephone number, including area code)
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(Former name, former address and former fiscal year,
if changed since last report)
ITEM 5. OTHER EVENTS
On August 21, 2001, Nancy Pierce joined the Board of Directors of Koala
Corporation. Ms. Pierce was also named chairperson of Koala Corporation's Audit
Committee, a role previously held by John Pfannenstein, who remains an active
member of the Board. The addition of Ms. Pierce brings the number of Koala Board
members to five.
Ms. Pierce is the co-founder and current corporate development officer
of Boulder, Colorado-based Carrier Access Corporation, a fast-growing equipment
manufacturer that helps more than 1,800 telecommunications companies accelerate
service revenue, lower operating costs, and extend capital budgets. As corporate
development officer, Ms. Pierce directs Carrier Access' strategic partnership
initiatives and identifies and implements complementary company mergers and
acquisitions. She also is responsible for establishing the company's strategic
sales and OEM partnerships and managing legal issues for the company. Ms.
Pierce, who also serves as secretary on Carrier Access' board of directors,
previously held the positions of chief financial officer and corporate
controller.
Earlier this year, Ms. Pierce was named one of Upside magazine's "50
Women in Technology." Among other distinctions, she was selected by Ernst &
Young LLP as Entrepreneur of the Year in 1999 and Entrepreneur of Distinction in
1998. During her tenure at Carrier Access, the company also received several
honors. In 2000, it was listed seventh on Forbes magazine's register of the
"Best Small Companies" in the nation, 28th on Business Week's list of the 100
Hottest Growth Companies in the United States, and second on the Denver Post's
list of the 100 Best Performing Companies in Colorado (first in the
telecommunications sector). In 1998, 1999 and 2000, the company attained first,
second and third place rankings, respectively, on Deloitte & Touche's "Fast 50"
program in Colorado.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(C) Exhibits
Exhibit No. Description
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99.1 Press Release dated August 21, 2001
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
KOALA CORPORATION
Date: September 12, 2001 By:/s/ Mark A. Betker
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Mark A. Betker
Chairman and Chief Executive Officer