-----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, DWbkYmRTE7C4K26oAnGSPMr6WLfZKBFXoRAZa3lzG77Kp1ydtdOkh+SONVsbCOm7 Whr51Q776ifdsrvfM3YXFw== 0001104659-04-004642.txt : 20040217 0001104659-04-004642.hdr.sgml : 20040216 20040217120124 ACCESSION NUMBER: 0001104659-04-004642 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040213 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040217 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADAPTEC INC CENTRAL INDEX KEY: 0000709804 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER COMMUNICATIONS EQUIPMENT [3576] IRS NUMBER: 942748530 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-15071 FILM NUMBER: 04605488 BUSINESS ADDRESS: STREET 1: 691 S MILPITAS BLVD STREET 2: M/S25 CITY: MILPITAS STATE: CA ZIP: 95035 BUSINESS PHONE: 4089458600 MAIL ADDRESS: STREET 1: 691 SOUTH MILPITAS BLVD STREET 2: M/S25 CITY: MILPITAS STATE: CA ZIP: 95035 8-K 1 a04-2541_18k.htm 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):
February 13, 2004

 

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 February 13, 2004, Adaptec, Inc. issued a press release announcing that it has completed the purchase of Elipsan Limited, a network storage software provider, for $19.5 million in cash.  A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

Item 7.                         Financial Statements and Exhibits

 

(c)

 

Exhibits

 

Exhibit No.

 

Description of Exhibit

 

 

 

99.1

 

Press release issued by Adaptec, Inc. on February 13, 2004.

 

2

 

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.

 

 

 

 

 

By:

/s/ Kenneth B. Arola

 

 

Kenneth B. Arola

 

Vice President and Corporate Controller

 

(principal accounting officer)

Date:  February 17, 2004

 

3

 

EXHIBIT INDEX

 

Exhibit No.

 

Description of Exhibit

 

 

 

99.1

 

Press release issued by Adaptec, Inc. on February 13, 2004.

 

4

 EX-99.1 3 a04-2541_1ex99d1.htm EX-99.1

Exhibit 99.1

 

Editorial Contacts:

 

Investor Contact:

Caroline Yu

 

Marshall Mohr

Adaptec, Inc.

 

Adaptec, Inc.

(408) 957-2324

 

(408) 957-6773

caroline_yu@adaptec.com

 

marshall_mohr@adaptec.com

 

 

 

Erin Flanigan

 

 

Horn Group, Inc.

 

 

(415) 905-4005

 

 

eflanigan@horngroup.com

 

 

 

ADAPTEC CLOSES ACQUISITION OF ELIPSAN TO SIMPLIFY NETWORK STORAGE MANAGEMENT

 

Virtualization Technology Makes Storage More Cost-Effective

 

MILPITAS, Calif., February 13, 2004 – Adaptec, Inc. (NASDAQ: ADPT), a global leader in storage solutions, has completed the purchase of Elipsan Limited, a network storage software provider. Adaptec purchased Elipsan for $19.5 million in cash. Elipsan’s storage-virtualization software enables Adaptec to make storage more cost-effective and easier to scale.

 

“Adding storage virtualization directly into Adaptec’s RAID subsystems simplifies network storage management for IT managers,” said Robert N. Stephens, president and chief executive officer for Adaptec.  “We’re pleased to offer more cost-effective and time-saving options for managing storage, which are core benefits of Adaptec’s end-to-end storage offering.”

 

As storage needs grow, IT managers typically expand storage space by adding multiple RAID subsystems, which make network storage more complex to manage. Elipsan’s software enables IT

 

 

managers to capture all network storage capacity, physically located throughout the organization, in a single, easy-to-manage interface.

 

By integrating Elipsan’s virtualization and business-continuance software directly into Adaptec’s RAID subsystems, Adaptec eliminates the need for a dedicated server or expensive third-party software. The new capabilities also enable Adaptec to offer faster data backup and recovery to optimize business continuity.

 

About Adaptec

 

Adaptec, Inc. (NASDAQ: ADPT) provides end-to-end storage 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 through OEMs and distribution channels to enterprises, 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.

 

Safe Harbor Statement

 

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. These forward-looking statements include statements related to the consummation of a transaction.  These forward-looking statements are based on current expectations, forecasts and assumptions and involve a number of risks and uncertainties that could cause actual events and results to differ materially from those anticipated by these forward-looking statements. For more information regarding the risks facing the Company, we refer you to the Company’s periodic reports filed with the SEC, including their most recent 10-K and 10-Qs. The Company assumes no obligation to update the forward-looking information contained in this press release.

 

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