SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Amendment to Application or Report filed
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report: July 3, 2003
Accesspoint Corporation
(Exact name of registrant as specified in its charter)
Nevada 000-29217 95-4721385
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
6171 W. Century Blvd. Suite 200 LA, CA 90045
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (310) 846-2500
Not Applicable
(Former name or former address, if changed since last report.)
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Item 1. Changes in Control of Registrant
None.
Item 2. Acquisition or Disposition of Assets
None.
Item 3. Bankruptcy or Receivership
None.
Item 4. Changes in Accountants
None.
Item 5. Other Events and Regulation FD Disclosure
In a special meeting of the Board of Directors, the Directors received, reviewed
and considered the report of the findings of the Special Litigation Committee,
which was charged with the responsibility to investigate that certain matter
known as Bentley v. Barber et al Case No. OCC 02CC04690 (" the Bentley matter").
Based on the findings of the Special Litigation Committee as presented in the
report thereof, the Directors have determined it to be in the best interests of
the registrant to cause the Bentley matter to be dismissed.
In other action, the Board voted to terminate the services of Foster Tepper as
General Counsel, and counsel of record in the Bentley matter and substitute
Edward Hoffman, for the purposes of representing the corporation in connection
with the Bentley matter, and, specifically, to file on the Committee's behalf
and on behalf of the registrant a motion for summary judgment to dismiss the
Bentley action.
In other action, the Board elected Ms. Becky Takeda to the Board filling the
vacancy left by the resignation of William Devore. Ms. Takeda is the President
and Chief Executive Officer of the registrant, and assumed the role of President
and Chief Executive Officer since the resignation of Mr. William R. Barber on
June 23, 2003. Ms. Takeda is also the President of Merchants Billing Services.
From April 1995 to August 1999, Ms. Takeda was Vice President of worldwide
marketing and investor relations for SMART Modular, a global high tech
manufacturing and services firm. From August 1999 to December 1999, she served
as a consultant to SMART Modular. From January 2000 through May 2002 Ms. Takeda
served in a variety of positions including Chairman of the Board, President,
Director of Development and Chief Operating Officer at Digital Courier
Technologies, Inc., a credit card processor. Ms. Takeda has also held executive
management positions with several leading technology companies including IBM,
Apex Data, Inc., Asia Interactive Services and Instant Replay Corporation. Ms.
Takeda holds an M.B.A. in Finance from Santa Clara University and a B.A. in
Economics from UCLA.
Item 6. Resignation of Directors
None.
Item 7. Financial Statements Pro Forma Financial & Exhibits
None.
Item 8. Changes In Fiscal Year
None.
Item 9. Regulation FD Disclosures
See Items 1, 5 and 6, above.
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 thereunto duly authorized.
Date: July 3, 2003 Accesspoint Corporation
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By:
S/s_Becky_Takeda__________________
Becky Takeda
Chief Executive Officer, President
A. EXHIBITS
None.