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): November 25, 2002
CENTIV, INC.
(Exact name of registrant as specified in its charter)
| DELAWARE | 000-23221 | 58-2033795 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) | (I.R.S. Employer Identification No.) |
||
998 Forest Edge Drive, Vernon Hills, Illinois 60061 (Address of principal executive offices) (Zip Code) |
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Registrant's telephone number, including area code: (847) 876-8300
(Former name or former address, if changed since last report.) |
Effective as of November 25, 2002, Centiv, Inc. repurchased 806,983 shares of its common stock from its Chief Executive Officer, William M. Rychel. The purchase price for these shares was $2.79 per share.
The proceeds of this repurchase were used, in full, by Mr. Rychel to repay a loan outstanding to him from Centiv, Inc. Under the provisions of the newly enacted Sarbanes-Oxley Act of 2002 this loan, which had a maturity of December 1, 2002, was required to be repaid without further extension or other material modification. A copy of the Stock Redemption Agreement by and between Centiv, Inc. and William M. Rychel is filed as Exhibit 99.2.
Item 7. Financial Statements and Exhibits
Not Applicable.
Not Applicable.
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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.
| CENTIV, INC. | |||
Date: December 4, 2002 |
By: |
/s/ THOMAS M. MASON Thomas M. Mason Chief Financial Officer |
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