8-K 1 form8kv2.txt GUIDANCE REORGANIZATION FORM8K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 --------------- CURRENT REPORT on FORM 8-K Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: October 4, 2001 GRAPHON CORPORATION (Exact name of Registrant as specified in Charter) Delaware 0-21683 13-3899021 (State or other jurisdiction of (Commission File No.) (IRS Employer incorporation Identification Number) 400 Cochrane Circle, Morgan Hills, California 95037 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (408) 201-7100 Item 5. Other Events On October 4, 2001, we announced that our revenue for the fiscal quarter ended September 30, 2001 would approximate $1.0 million, being approximately 30% of previously provided guidance. We attributed our revenue shortfall to the attacks on September 11, 2001 upon the World Trade Center and the Pentagon, which abruptly delayed or in some cases interrupted ongoing sales efforts and contract negotiations. Additionally, in order to reduce our operating costs, we have lowered management compensation, as well as reduced our workforce by approximately 30%. Item 7. Exhibits (a) Financial Statements - None (b) Pro Forma Financial Information - None (c) Exhibit Number Description 99.1 Press release dated October 4, 2001 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. Dated: October 16, 2001 GRAPHON CORPORATION (Registrant) By: /s/William Swain ----------------- William Swain Chief Financial Officer