-----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, UzY6t4gYdvG7iU51JEoGoqPxGt2eHyPrnkDnNZAElun6xOFpqvvXyYqFbuVf1SnP ynxnHqQrgVMpToTQpGkjtQ== 0001341004-06-001628.txt : 20060605 0001341004-06-001628.hdr.sgml : 20060605 20060605170104 ACCESSION NUMBER: 0001341004-06-001628 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060531 ITEM INFORMATION: Other Events FILED AS OF DATE: 20060605 DATE AS OF CHANGE: 20060605 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: 06886882 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 bos375690.htm

 

 

 

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

 

May 31, 2006

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 of

incorporation)

 

(Commission file number)

 

(IRS Employer 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:

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 

 

 

 


 

 

Item 8.01: Other Events

Sycamore Networks, Inc. (the "Company") has been notified that a shareholder derivative lawsuit was filed in the United States District Court, District of Delaware, on May 31, 2006 naming the Company as a nominal defendant and naming as defendants the Company's Board of Directors and certain current and former executive officers (the "D&O Defendants").

The complaint alleges that by engaging in certain transactions, including the back-dating and canceling and reissuing of certain stock options, the D&O Defendants breached their fiduciary duties to the Company and its shareholders, wasted corporate assets and violated Section 14(a) of the Securities Exchange Act of 1934. The complaint alleges that the D&O Defendants further breached their fiduciary duties by failing to rescind or reverse any of the stock option grants at issue. The complaint seeks monetary damages and the costs and disbursements of the action, among other things. The Company’s Board of Directors and management intend to review the allegations and respond appropriately.

 

 

 

 

 


 

 

 

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.

 

 

By:

/s/ Richard J. Gaynor

 

 

Richard J. Gaynor

 

 

Chief Financial Officer

 

 

Vice President, Finance and Administration,

 

Secretary and Treasurer

 

 

(Duly Authorized Officer and Principal

 

 

Financial and Accounting Officer)

 

 

Dated: June 5, 2006

 

 

 

 

 

 

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