8-K: Current report filing

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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

JANUARY 26, 2001
(Date of Report)

(Date of earliest event reported): JANUARY 24, 2001


INTUIT INC.
(Exact name of registrant as specified in its charter)


DELAWARE
(State or other jurisdiction of incorporation)

0-21180 77-0034661
(Commission File Number) (I.R.S. Employer Identification No.)


2535 GARCIA AVENUE, MOUNTAIN VIEW, CALIFORNIA 94043
(Address of principal executive offices) (Zip Code)



Registrant's telephone number, including area code: (650) 944-6000

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ITEM 5. OTHER EVENTS.

As previously announced on November 27, 2000, Intuit Inc. ("Intuit") and
its wholly-owned subsidiary, Intuit Insurance Services, Inc. ("IIS"), entered
into an Asset Purchase Agreement ("Asset Agreement") pursuant to which selected
assets of IIS would be sold to InsWeb Corp. ("InsWeb"). On January 24, 2001, the
sale was completed.

Under the terms of the Asset Agreement, Intuit acquired an equity interest
in InsWeb equal to 16.6% of InsWeb's issued shares as measured on a post-closing
basis. In addition, Intuit and InsWeb entered into a distribution agreement
under which InsWeb became the exclusive consumer insurance aggregator for
Intuit's Quicken.com(R) and QuickenInsurance Web sites and certain Quicken
consumer desktop products. In exchange, Intuit will share in associated
revenues, which are subject to certain cash minimums over the 5-year term of the
distribution agreement.

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.

The following exhibit is filed herewith: