-----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, J/ceXt01fXXh3TnTVj6N4dkYUolcOLzZDEblBlpeHmMs9oqfgAoZ/7CSSutZ7bgm 4njFNviEVgWdkYv6v9+3FQ== 0000950109-96-006932.txt : 19961029 0000950109-96-006932.hdr.sgml : 19961029 ACCESSION NUMBER: 0000950109-96-006932 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19961025 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19961028 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: STREAMLOGIC CORP CENTRAL INDEX KEY: 0000718865 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER STORAGE DEVICES [3572] IRS NUMBER: 953093858 STATE OF INCORPORATION: DE FISCAL YEAR END: 0329 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-12046 FILM NUMBER: 96648310 BUSINESS ADDRESS: STREET 1: 21329 NORDHOFF ST CITY: CHATSWORTH STATE: CA ZIP: 91311 BUSINESS PHONE: 8187093300 MAIL ADDRESS: STREET 1: 21329 NORDHOFF STREET CITY: CHATSWORTH STATE: CA ZIP: 91311 FORMER COMPANY: FORMER CONFORMED NAME: MICROPOLIS CORP DATE OF NAME CHANGE: 19920703 8-K 1 FORM 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--October 25, 1996 ---------- STREAMLOGIC CORPORATION (Exact name of registrant as specified in its charter) DELAWARE 0-12046 95-3093858 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation or organization) File Number) Identification No.) 21329 Nordhoff Street Chatsworth, California 91311 (Address of principal executive offices) (Zip Code) ---------- LEE N. HILBERT Copy to: Chief Financial Officer BRIAN G. CARTWRIGHT, ESQ. Streamlogic Corporation Latham & Watkins 21329 Nordhoff Street 633 West Fifth Street Chatsworth, California 91311 Suite 4000 (818) 701-8400 Los Angeles, California 90071 (Name, address, including zip code, and (213) 485-1234 telephone number, including area code, of agent for service) Not Applicable (Former name and former address) Streamlogic Corporation Current Report on Form 8-K October 25, 1996 Table of Contents Page ---- Item 5. Other Events 3 Item 7. Financial Statements and Exhibits 3 -2- Item 5. Other Events - -------------------- The purpose of this Form 8-K is to file a press release issued by StreamLogic Corporation on October 16, 1996 regarding the Company's announcement of a plan to relocate its corporate headquarters and consolidate its manufacturing operations in Northern California. A copy of this press release is filed herewith as Exhibit 20.1 and is hereby incorporated by reference to this Item 5. Item 7. Financial Statements and Exhibits - ----------------------------------------- (c) Exhibits 20.1 - Press Release dated October 16, 1996 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. STREAMLOGIC CORPORATION Date: October 25, 1996 By: /s/ Lee N. Hilbert ------------------------------- ----------------------------------- Lee N. Hilbert Chief Financial Officer -3- EX-20.1 2 PRESS RELEASE EXHIBIT 20.1 [LETTERHEAD OF STREAMLOGIC CORPORATION] FOR IMMEDIATE RELEASE STREAMlOGIC TO MOVE CORPORATE HEADQUARTERS TO NORTHERN CALIFORNIA; ANNOUNCES PLAN TO CONSOLIDATE MANUFACTURING OPERATIONS THERE CHATSWORTH, Calif., October 16, 1996 - StreamLogic Corporation (NASDAQ:STLC) today announced a plan to relocate its corporate headquarters and consolidate all of its manufacturing operations in Northern California. The cost saving measure calls for the closing of the company's current Chatsworth facility and relocation of its manufacturing operations, engineering and administration by early April 1997. "After substantial consideration, the company determined that the economies of centralized engineering, manufacturing and administration would provide the most favorable internal cost reduction solution as well as the most efficient transfer of new products from our engineers' designs to our manufacturing floor," said Lee Hilbert, Chief Financial Officer of StreamLogic Corporation. "After the move, we look to achieve a quarterly operating cost reduction target of $700,000 to $800,000 and an overall reduction of about 50 employees -- or 23% of the company's current workforce." The reduction will affect the Chatsworth-based employees. However, a certain number of current employees are expected to relocate to the new headquarters in the Bay Area. "These cost control measures and a number of new products will substantially improve our business prospects," said J. Larry Smart, President and CEO of StreamLogic. "We look forward to an improved ability to serve our existing and future customers." "This move is a major step forward in the assimilation of the FWB Hammer hardware business acquired in July and another of the significant building blocks necessary to return the company to profitability," Hilbert continued. "We look to the continuing support of our customers and suppliers during this transition period and hope to experience only minimal disruptions." This news release includes forward-looking statements. For a detailed discussion of important factors that could cause actual results of the company to differ materially from those described herein, please refer to the company's Current Report on Form 8-K as filed on August 15, 1996, with the Securities and Exchange Commission. -more- StreamLogic develops and markets leading-edge video delivery, digital media storage, and networking RAID and data management solutions. Current product offerings include VIDEON, the industry's first family of video-on-demand server subsystems, the innovative Video Disk Recorder (VDR) video editing appliance, the award-winning Hammer high-performance storage products, and the industry leading RAIDION family of fault-tolerant network RAID and data management solutions. The company sells to OEMs and systems integrators and has a well- established international network of distribution and dealer channel partners. StreamLogic corporate headquarters are located in Chatsworth, California, with marketing, sales, engineering, customer service, and manufacturing operations in Menlo Park and Chatsworth, California. StreamLogic, VIDEON, Hammer, and RAIDION, are trademarks or registered trademarks of StreamLogic Corporation. Additional information on StreamLogic can be found at http://www.streamlogic.com For more information, please contact: Lee Hilbert (818) 701-8404 Barbara Scherer (818) 701-8402 -----END PRIVACY-ENHANCED MESSAGE-----