0001012870-01-502580.txt : 20011107
0001012870-01-502580.hdr.sgml : 20011107
ACCESSION NUMBER: 0001012870-01-502580
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20011101
ITEM INFORMATION: Other events
FILED AS OF DATE: 20011102
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: EXTREME NETWORKS INC
CENTRAL INDEX KEY: 0001078271
STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER COMMUNICATIONS EQUIPMENT [3576]
IRS NUMBER: 770430270
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0630
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-25711
FILM NUMBER: 1774139
BUSINESS ADDRESS:
STREET 1: 3585 MONROE STREET
CITY: SANTA CLARA
STATE: CA
ZIP: 95051
BUSINESS PHONE: 4085792800
MAIL ADDRESS:
STREET 1: 3585 MONROE STREET
CITY: SANTA CLARA
STATE: CA
ZIP: 95051
8-K
1
d8k.txt
FORM 8-K
UNITED STATES
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 1, 2001
EXTREME NETWORKS, INC.
(Exact name of registrant as specified in its charter)
----------------------
Delaware 000-25711 77-0430270
---------------------------- ---------------------- -------------------
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
----------------------
3585 Monroe Street
Santa Clara, CA 95051
(Address of principal executive offices)
----------------------
Registrant's telephone number, including area code: (408) 579-2800
Not Applicable
(Former name or former address, if changed since last report)
Item 5. Other Matters.
Extreme Networks, Inc. announced that its Board of Directors has approved a
voluntary stock option exchange program for its employees. The Company's
executive officers, directors and vice presidents are not eligible to
participate in this program.
Under the program, Extreme employees will be given the opportunity to
voluntarily cancel unexercised vested and unvested stock options previously
granted to them that have an exercise price of $10.00 or more. The cancelled
options will be exchanged for replacement stock options to be granted at a
future date. The replacement options will be for the same number of shares as
the cancelled options. The replacement stock options will be granted with an
exercise price equal to the fair market value of Extreme stock on the date of
grant, which will be at least six months plus one day after the option
cancellation date of December 4, 2001.
The program will be open for at least twenty business days after the formal
offering documents are filed with the Securities and Exchange Commission.
Employees may change or withdraw their election to exchange options at any time
prior to the end of the offering period. In order to receive new options, an
employee must remain employed with Extreme or one of its subsidiaries until the
date when the replacement options are granted.
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.
Extreme Networks, Inc.
November 1, 2001 By: /s/ Harold L. Covert
--------------------------------
Harold L. Covert
Chief Financial Officer