-----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, DRDK3rpoQCdyS01FUxIjPWXFH7cHedHovI9dfzucYkdGfuKYRn6sK/ngEMw/zp8W 2e8JHtzRNeA+Sko2q7IVUA== 0000057201-99-000003.txt : 19990506 0000057201-99-000003.hdr.sgml : 19990506 ACCESSION NUMBER: 0000057201-99-000003 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990420 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990505 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COYOTE NETWORK SYSTEMS INC CENTRAL INDEX KEY: 0000057201 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 362448698 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-05486 FILM NUMBER: 99611056 BUSINESS ADDRESS: STREET 1: 4360 PARK TERRACE DRIVE CITY: WESTLAKE VILLAGE STATE: CA ZIP: 91361 BUSINESS PHONE: 8187357600 MAIL ADDRESS: STREET 1: 4360 PARK TERRACE DRIVE CITY: WESTLAKE VILLAGE STATE: CA ZIP: 91361 FORMER COMPANY: FORMER CONFORMED NAME: DIANA CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: FH INDUSTRIES CORP DATE OF NAME CHANGE: 19850814 FORMER COMPANY: FORMER CONFORMED NAME: SCOT LAD FOODS INC DATE OF NAME CHANGE: 19841202 8-K 1 - -------------------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): April 20, 1999 COYOTE NETWORK SYSTEMS, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 1-5486 36-2448698 - ---------------------------- ----------------------- ------------------ (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) 4360 Park Terrace Drive Westlake Village, CA 91361 (Address of principal executive offices) Registrant's Telephone Number, including area code: (818) 735-7600 - -------------------------------------------------------------------------------- Item 5. Other Events On April 20, 1999 the Company announced it had cancelled its proposed acquisition of Apollo Telecom, Inc. A copy of the press release is attached as Exhibit 99 hereto and is hereby incorporated by reference herein. Item 7. Financial Statements and Exhibits (c) Exhibits 99. Press Release issued by Coyote Network Systems, Inc. on April 20, 1999. 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. Dated: May 5, 1999 COYOTE NETWORK SYSTEMS, INC. By: /s/ James J. Fiedler ------------------------- James J. Fiedler Chairman of the Board and Chief Executive Officer EX-99 2 PRESS RELEASE EXHIBIT 99 COYOTE NETWORK SYSTEMS, INC. NEWS RELEASE Contact: Tony Squeglia Coyote Network Systems 818-735-5385 e-mail: A.Squeglia@cyoe.com Coyote Network Systems Cancels Proposed Acquisition of Apollo Telecom Westlake Village, CA - April 20, 1999 - Coyote Network Systems (Nasdaq: CYOE) today announced it has cancelled its proposed acquisition of Apollo Telecom, Inc. for 350,000 shares of Coyote common stock, as previously announced on February 10,1999. Based in Salt Lake City, Utah, Apollo Telecom is an emerging carrier that offers international and domestic long distance services. "We are disappointed that the acquisition of Apollo Telecom could not be completed as planned," stated Dan Latham, president and chief operating officer, Coyote Network Systems. "Recent downturns in Apollo's domestic business precluded the completion of the transaction." Coyote announced that it will continue to work with Apollo KK as an Asian distributor of Coyote products. Apollo KK did not meet the contract minimums for the first year of the previously announced, three-year OEM distribution agreement, citing regulatory delays in product certification and poor economic conditions in the Asian markets. "Although Apollo KK is behind schedule, we have seen substantial activity in recent months, including the possible development of a technology center and strategic alliances introduced by Apollo KK. We view Apollo KK as an important business partner and look forward to continuing our work with them as the Japanese and Asian economies improve," stated Latham. About Coyote Network Systems Based in Westlake Village, CA, Coyote Network Systems provides telecom equipment, international long distance and network integration services. For more information, please visit the Company's Web site: http://www.cyoe.com, or call 1-818-735-5385. The statements in this news release may be considered "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance suggested in this news release. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof. The Company does not undertake to revise, and specifically disclaims any obligation, to publicly release the result of any revisions which may be made to any forward looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements. For more complete information, please refer to the Company's Form 10-K, Form 10-Q and other filings with the SEC. -----END PRIVACY-ENHANCED MESSAGE-----