-----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, Uon+awvvmLErdcRc8En+GIjZZPh0Wq0VTwgMFnX65tRJtYvd071s1qoNj2lwymlh b2AJPAsJVP+TeqZCOyTLJQ== 0000950149-98-000682.txt : 19980410 0000950149-98-000682.hdr.sgml : 19980410 ACCESSION NUMBER: 0000950149-98-000682 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980331 ITEM INFORMATION: ITEM INFORMATION: ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980409 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: SEC FILE NUMBER: 000-12046 FILM NUMBER: 98590500 BUSINESS ADDRESS: STREET 1: 8450 CENTRAL AVENUE CITY: NEWARK STATE: CA ZIP: 94560 BUSINESS PHONE: 5106084000 MAIL ADDRESS: STREET 1: 8450 CENTRAL AVENUE CITY: NEWARK STATE: CA ZIP: 94560 FORMER COMPANY: FORMER CONFORMED NAME: MICROPOLIS CORP DATE OF NAME CHANGE: 19920703 8-K 1 FORM 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 EXCHANGE ACT OF 1934 DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): MARCH 31, 1998 STREAMLOGIC CORPORATION (Exact name of registrant as specified in its charter) DELAWARE 95-3093858 (State or other jurisdiction of (I.R.S. employer incorporation or organization) identification number) COMMISSION FILE NUMBER: 0-12046 8450 CENTRAL AVENUE NEWARK, CALIFORNIA 94560 (Address of principal executive offices and zip code) REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (510) 608-4000 ================================================================================ 2 ITEM 1. CHANGES IN CONTROL OF THE REGISTRANT. Pursuant to Section 8.3.1 of the Modified Plan (as defined in Item 3 below) the business of the StreamLogic Corporation (the "Company") shall be managed by or under the direction of Michael O. Preletz, and other individuals as may be designated by Mr. Preletz, who shall maintain all operational control of the Company, including the appointment, compensation, employment and retention of the Company's senior management, until March 31, 2001. In addition, pursuant to Section 8.3.2 of the Modified Plan, Michael O. Preletz, and other individuals as may be designated by Mr. Preletz, shall be entitled to select, remove and replace three (3) of the five directors, at all times until March 31, 2001. Mr. Preletz joined the Company as Chief Executive Officer in April 1997, and continued to act as Chief Executive Officer during the bankruptcy proceedings. ITEM 3. BANKRUPTCY OR RECEIVERSHIP. On June 26, 1997, the Company filed a voluntary petition in the United States Bankruptcy Court for the Northern District of California, San Francisco Division ("Bankruptcy Court"), seeking protection under Chapter 11 of the United States Bankruptcy Code. On March 3, 1998, the Bankruptcy Court entered a confirmation order confirming and approving the Company's First Amended Plan of Reorganization dated January 15, 1998, including certain modifications thereto (the "Modified Plan"). The Modified Plan became effective on March 31, 1998. See Press Release dated April 1, 1998 attached as Exhibit 99.3. ITEM 5. OTHER EVENTS. Concurrent with this filing, the Company filed a Form 15 with the Securities and Exchange Commission to terminate the registration of the Company's Common Stock pursuant to Section 12g-4(a)(1)(i) of the Securities Exchange Act of 1934, as amended. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. Exhibits 99.1 Press Release dated April 1, 1998 2 3 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 (Registrant) Date: April 9, 1998 By /s/ George Oliva ----------------------------------- George Oliva Chief Financial Officer and Vice President of Finance and Administration 3 4 Exhibit Index 99.1 Press Release dated April 1, 1998. 4 EX-99.1 2 PRESS RELEASE 1 EXHIBIT 99.1 Press Release dated April 1, 1998. STREAMLOGIC'S PLAN OF REORGANIZATION EFFECTIVE NEWARK, California (April 1, 1998)--StreamLogic Corporation ("StreamLogic" or the "Company"), today announced that StreamLogic's First Amended Plan of Reorganization, which was confirmed by the U.S. Bankruptcy Court for the Northern District of California on March 3, 1998, became effective on March 31, 1998 (the "Effective Date"). All shares of StreamLogic's stock existing immediately before the Effective Date have been canceled. Because the Company's liabilities significantly exceeded its assets, former StreamLogic shareholders did not receive any equity or other interest in the reorganized entity in exchange for cancellation of their shares. For further information, contact George Oliva, Vice President of Finance and Administration and Chief Financial Officer of the Company at (510) 608-4078. -----END PRIVACY-ENHANCED MESSAGE-----