8-K

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):  May 21, 2003

ADAPTEC, INC.

(Exact name of registrant as specified in its charter)

Delaware	0-15071	94-2748530
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

691 S. Milpitas Boulevard, Milpitas, CA	95035
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (408) 945-8600

(Former name or former address, if changed since last report)

Item 5. Other Events.

On May 21, 2003, Adaptec, Inc. issued a press release announcing that it has settled its claims against Stephen Goldman, former principal owner and president of Distributed Processing Technology Corporation ("DPT"), for $49.3 million.  Adaptec acquired DPT, a RAID technology company, in December 1999.  A copy of the May 21, 2003 press release is filed as Exhibit 99.1 to this Form 8-K and incorporated herein by reference.

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Item 7.        Financial Statements and Exhibits

(c)             Exhibits

  The following exhibit is filed herewith: 

Exhibit Nos.	Description of Exhibits
99.1	Press release dated May 21, 2003.

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SIGNATURE

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.

	ADAPTEC, INC.
Date:  May 28, 2003	By:	/s/ Kenneth B. Arola
		Kenneth B. Arola
		Vice President and Corporate Controller
		(principal accounting officer)

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EXHIBIT INDEX

Exhibit Nos.	Description of Exhibits
99.1	Press release dated May 21, 2003.

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EX-99.1

Exhibit 99.1

Editorial Contacts:	Investor Contact:
Andrew McCarthy	David A. Young
Adaptec, Inc.	Adaptec, Inc.
(408) 957-6085	(408) 957-6773
andrew_mccarthy@adaptec.com	dyoung@adaptec.com

ADAPTEC SETTLES CLAIMS AGAINST FORMER OWNERS OF DPT

MILPITAS, Calif., May 21, 2003 — Adaptec, Inc. (NASDAQ: ADPT), the global leader in storage infrastructure solutions, announced that it has settled its claims against Stephen Goldman, the principal shareholder and former president of Distributed Processing Technology Corp. (DPT), a company Adaptec acquired in 1999.  The settlement follows an arbitrator’s partial decision issued on April 17, 2003.  As a result of the settlement, Adaptec will record a $49.3 million gain in the first quarter of fiscal 2004.

About Adaptec

Adaptec Inc. (NASDAQ: ADPT) provides end-to-end storage infrastructure solutions that reliably move, manage and protect critical data and digital content. Adaptec provides software and hardware solutions for storage connectivity and data protection, storage networking and networked storage subsystems to leading OEM and distribution channel partners. Adaptec solutions are in use by enterprises, ISPs, medium and small businesses and consumers worldwide. Adaptec is an S&P Small Cap 600 Index member. More information is available at www.adaptec.com.

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