-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AcN7qA5wShiLSum3QCklpyeXiK34uUvY2CTfAWRvji0ac0Jza2vugxrVdn87kNti pDv/hVB6oMcGv9lsRfSOsg== 0001047469-03-005114.txt : 20030213 0001047469-03-005114.hdr.sgml : 20030213 20030213085324 ACCESSION NUMBER: 0001047469-03-005114 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20030212 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030213 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HOOVERS INC CENTRAL INDEX KEY: 0001036584 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 742559474 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-26097 FILM NUMBER: 03556659 BUSINESS ADDRESS: STREET 1: 1033 LA POSADA DR STREET 2: STE 250 CITY: AUSTIN STATE: TX ZIP: 78752 BUSINESS PHONE: 5123744500 MAIL ADDRESS: STREET 1: 1033 LA POSADA DR STREET 2: STE 250 CITY: AUSTIN STATE: TX ZIP: 78752 8-K 1 a2103401z8-k.htm 8-K
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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): February 13, 2003 (February 12, 2003)

Hoover's, Inc.
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction
of incorporation)
  000-26097
(Commission
File Number)
  74-2559474
(IRS Employer
Identification No.)

5800 Airport Blvd., Austin, Texas
(Address of principal executive offices)

 

78752
(Zip Code)

Registrant's telephone number, including area code: (512) 374-4500

(Former name or former address, if changed since last report)





Item 5. Other Events.

        On February 12, 2003, the Board of Directors of Hoover's, Inc. ("Hoover's") received a letter from Austin Ventures and Marathon Partners, L.P. regarding the withdrawal of their proposal to acquire up to all of the outstanding common stock of Hoover's for an all-cash purchase price of $8.00 per share. The letter is filed an exhibit to this report.

        A press release regarding this letter is filed as an exhibit to this report.


Item 7. Financial Statements and Exhibits.

    (c)
    Exhibits.

    99.1
    Letter dated February 12, 2003.

    99.2
    Press Release dated February 13, 2003.

2



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.

Dated: February 13, 2003 HOOVER'S, INC.

 

/s/  
JEFFREY R. TARR      
Jeffrey R. Tarr
Chief Executive Officer and President

3



INDEX TO EXHIBITS

Exhibit
Number

  Description of Document
99.1   Letter dated February 12, 2003.
99.2   Press Release dated February 13, 2003.



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Item 5. Other Events.
Item 7. Financial Statements and Exhibits.
SIGNATURES
INDEX TO EXHIBITS
EX-99.1 3 a2103401zex-99_1.htm EXHIBIT 99.1
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Exhibit 99.1

        February 12, 2003

Via Facsimile and Hand Delivery
To the Board of Directors of Hoover's, Inc.
c/o Mr. Jeffrey Tarr,
Chairman and Chief Executive Officer
Hoover's, Inc.
5800 Airport Boulevard
Austin, Texas 78752

Dear Mr. Tarr:

        Austin Ventures and Marathon Partners, L.P. thank you for your consideration of our proposal dated February 6, 2003, and for the cooperation and assistance provided by the Board of Directors, the officers and the staff of Hoover's in connection with our due diligence efforts. Based on our discussions, and after further consideration, we have decided to withdraw our proposal.


 

 

Very truly yours,

 

 

AUSTIN VENTURES

 

 

By:

/s/ KEN DEANGELIS


 

 

MARATHON PARTNERS, L.P.

 

 

By:

Cibelli Capital Management, LLC
        its general partner

 

 

By:

/s/ MARIO CIBELLI

Mario Cibelli, Managing Member



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EX-99.2 4 a2103401zex-99_2.htm EXHIBIT 99.2
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Exhibit 99.2

GRAPHIC


FOR IMMEDIATE RELEASE:

        Hoover's Announces Withdrawal of
Acquisition Proposal

AUSTIN, TEXAS, February 13, 2003—Hoover's, Inc. (NASDAQ: HOOV) announced today that it had received a letter from Austin Ventures and Marathon Partners withdrawing their proposal to acquire up to all of the outstanding shares of the Company at $8.00 per share.

A copy of the letter is attached as an exhibit to a Form 8-K being filed by Hoover's with the SEC.

About Hoover's, Inc. - The Business Information Authoritysm

Hoover's, Inc. (NASDAQ: HOOV) is a leading provider of business information. Hoover's publishes authoritative information on public and private companies worldwide, and provides industry and market intelligence that helps sales, marketing and business development professionals and senior-level executives get the global intelligence they need to grow their businesses. This information, along with advanced searching tools, is available through Hoover's OnlineTM (www.hoovers.com), the company's premier online service. Hoover's business information is also available through corporate intranets and distribution agreements with licensees, as well as via print and CD-ROM products from Hoover's Business Press.

CONTACTS:
David Lilly
Kekst and Company
Public Relations
212-521-4800

# # #




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FOR IMMEDIATE RELEASE
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