-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ua6uNMFqI3Fa3BAaa6nfrqE1okJhbVhd+t37kwvX0t5yf2lM20fvvnx+D0neMuK+ xPPmQuLMMuswbnAZj8lr2A== 0000950172-05-001838.txt : 20050611 0000950172-05-001838.hdr.sgml : 20050611 20050607081010 ACCESSION NUMBER: 0000950172-05-001838 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050607 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050607 DATE AS OF CHANGE: 20050607 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SYCAMORE NETWORKS INC CENTRAL INDEX KEY: 0001092367 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 043410558 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-27273 FILM NUMBER: 05881788 BUSINESS ADDRESS: STREET 1: 220 MILL ROAD CITY: CHELMSFORD STATE: MA ZIP: 01824 BUSINESS PHONE: 9782502900 MAIL ADDRESS: STREET 1: 220 MILL ROAD CITY: CHELMSFORD STATE: MA ZIP: 01824 8-K 1 bos341876.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 June 7, 2005 Date of Report (Date of earliest event reported) SYCAMORE NETWORKS, INC. (Exact name of registrant as specified in its charter) Delaware 000-27273 04-3410558 - ----------------------------- ----------------------- --------------------- (State or other jurisdiction (Commission file number) (IRS Employer of incorporation) Identification No.) 220 Mill Road Chelmsford, MA 01824 (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code: (978) 250-2900 Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: /_/ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) /_/ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) /_/ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) /_/ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 8.01: Other Events. On June 7, 2005, the Registrant issued a press release announcing that it will delay the filing of its quarterly report on Form 10-Q for the three month period ended April 30, 2005 pending the conclusion of an internal investigation being conducted under the direction of the Audit Committee of its Board of Directors. The investigation relates to the accounting of certain stock options granted during the period from 1999 to 2001, including whether additional stock compensation expenses should have been recorded during the period under review. The Registrant also announced that it will file its quarterly report on Form 10-Q for the three month period ended April 30, 2005 as soon as practicable following the resolution of the internal investigation. The press release announcing the filing delay and internal investigation is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein. Item 9.01: Financial Statements and Exhibits. (c) Exhibits Exhibit Number Description 99.1 Press Release of the Registrant, dated June 7, 2005. - ------------------------------------------------------------------------------- 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. Sycamore Networks, Inc. /s/ Richard J. Gaynor - -------------------------------------- Richard J. Gaynor Chief Financial Officer (Duly Authorized Officer and Principal Financial and Accounting Officer) Dated: June 7, 2005 EXHIBIT INDEX Exhibit Number Description - ------- ----------- 99.1 Press Release of the Registrant, dated June 7, 2005. EX-99 2 bos342013-2.txt EXHIBIT 99.1 - PRESS RELEASE Exhibit 99.1 [LOGO GRAPHIC OMITTED] SYCAMORE NETWORKS FOR IMMEDIATE RELEASE CONTACT: Press Inquiries Investor Inquiries Scott Larson Terry Adams Public Relations Investor Relations Sycamore Networks, Inc. Sycamore Networks, Inc. 978-250-3433 978-250-3460 scott.larson@sycamorenet.com investor.info@sycamorenet.com SYCAMORE NETWORKS PLANS TO DELAY FILING OF FORM 10-Q FOR THE QUARTER ENDED APRIL 30, 2005 CHELMSFORD, Mass., June 7, 2005 - Sycamore Networks, Inc. (NASDAQ: SCMR) today announced that it will delay the filing of its quarterly report on Form 10-Q for the three months ended April 30, 2005 pending the conclusion of an internal investigation being conducted under the direction of the Audit Committee of its Board of Directors. The investigation relates to the accounting for certain stock options granted during the period from 1999 to 2001, including whether additional stock compensation expenses should have been recorded during the period under review. While there can be no assurances as to the final results of the investigation, the Company does not currently anticipate that the outcome of the investigation will result in any material adjustments being required to be made to the Company's historical revenues, non-stock option related expenses or cash positions. "The Company and its Board of Directors take these matters very seriously and accordingly we are cooperating fully with the investigation," said Richard Gaynor, the Sycamore Chief Financial Officer. The Company reported that it is currently unable to estimate when it will be able to file its Form 10-Q for the period ended April 30, 2005 but that it intends to do so as soon as practicable following the completion of the investigation. About Sycamore Networks Sycamore Networks, Inc. (NASDAQ: SCMR) develops and services optical networking products for telecommunications service providers worldwide. The Company's products enable service providers to cost-effectively and easily transition their existing fiber optic network into a network infrastructure that can provision, manage and deliver economic, high-bandwidth services to their customers. For more information, please visit www.sycamorenet.com. Except for the historical information contained herein, we wish to caution you that certain matters discussed in this news release constitute forward-looking statements that involve risks and uncertainties. Actual results or events could differ materially from those stated or implied in forward-looking statements including the nature and scope of the internal investigation, Sycamore's plans to delay the filing date of its Form 10-Q for the period ended April 30, 2005 and the timing of its release of its financial results for such period. The statements contained herein involve risks and uncertainties and actual results may differ significantly. The risks include, but are not limited to, additional actions and findings that may result from the continuing Audit Committee internal investigation. Further, there can be no assurance concerning the results of the internal investigation, timing of the filing of the Company's Form 10-Q for the period ended April 30, 2005 or the release of the financial results for such period. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise. -----END PRIVACY-ENHANCED MESSAGE-----