-----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, JrXd6TZQ0Q7IlzNdrNMKziJ/DtQffFqbluC5y+QwADKrW0zXMsKxgRjlQBMIIf3x RZAOkLDK7Uh+3+nODpQVDA== 0000912057-00-015678.txt : 20000403 0000912057-00-015678.hdr.sgml : 20000403 ACCESSION NUMBER: 0000912057-00-015678 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000323 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000331 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ODS NETWORKS INC CENTRAL INDEX KEY: 0000736012 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER COMMUNICATIONS EQUIPMENT [3576] IRS NUMBER: 751911917 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-20191 FILM NUMBER: 591404 BUSINESS ADDRESS: STREET 1: 1101 E ARAPAHO ROAD CITY: RICHARDSON STATE: TX ZIP: 75081 BUSINESS PHONE: 9722346400 MAIL ADDRESS: STREET 1: 1101 E ARAPAHO ROAD CITY: RICHRICHARDSON STATE: TX ZIP: 75081 FORMER COMPANY: FORMER CONFORMED NAME: OPTICAL DATA SYSTEMS INC DATE OF NAME CHANGE: 19950517 8-K 1 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): March 23, 2000 ----------------------------- ODS NETWORKS, INC. - -------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in Its Charter) Delaware - -------------------------------------------------------------------------------- (State of Other Jurisdiction of Incorporation) 000-20191 75-1911917 - -------------------------------------------------------------------------------- (Commission File Number) (IRS Employer Identification No.) 1101 East Arapaho Road, Richardson, Texas 75081 - -------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) (972) 234-6400 - -------------------------------------------------------------------------------- (Registrant's Telephone Number, Including Area Code) N/A - -------------------------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) ITEM 5. OTHER EVENTS. On March 23, 2000, SAIC Venture Capital Corporation ("SAIC VCC") exercised its warrant to purchase 750,000 shares of the Registrant's common stock for $8.00 per share generating cash of $6 million. The warrant was issued to SAIC VCC's parent, Science Applications International Corporation ("SAIC"), on September 25, 1998 in conjunction with the acquisition by the Registrant of the Computer Misuse Detection System and certain other intellectual property from SAIC. The text of Registrant's press release announcing the exercise of the SAIC warrant is attached hereto as Exhibit 99.1 and is incorporated herein by reference. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (a) FINANCIAL STATEMENTS OF BUSINESSES ACQUIRED: Not applicable. (b) PRO FORMA FINANCIAL INFORMATION. Not applicable. (c) EXHIBITS. 99.1 Text of press release of the Registrant, dated March 28, 2000, announcing the warrant exercise. 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. ODS NETWORKS, INC. Dated: March 31, 2000 By: /s/ Jay R. Widdig -------------------------------- Jay R. Widdig, Chief Financial Officer EXHIBIT INDEX EXHIBIT NO. DESCRIPTION OF EXHIBIT 99.1 Text of press release of the Registrant, dated March 28, 2000, announcing the warrant exercise. EX-99.1 2 EXHIBIT 99.1 [LOGO] ODS NETWORKS NEWS RELEASE - -------------------------------------------------------------------------------- ODS NETWORKS REPORTS INVESTMENT BY SAIC RICHARDSON, TEXAS - MARCH 28, 2000 - ODS Networks, Inc. (NASDAQ: ODSI) today reported that Science Applications International Corporation (SAIC) exercised its warrant to purchase 750,000 shares of ODS Networks common stock for $8.00 per share. As a result of the exercise of the warrant, ODS Networks received $6 million from SAIC. The warrant was issued to SAIC on September 25, 1998 in conjunction with the acquisition by ODS Networks of CMDS(TM) (Computer Misuse Detection System) and certain other intellectual property from SAIC. SAIC now owns approximately 12% of ODS Networks outstanding common stock. SAIC holds an additional warrant to purchase 750,000 shares of ODS Networks common stock for $10.50 per share on or before September 25, 2000. "SAIC is a good corporate partner for ODS Networks and Intrusion.com, our wholly owned subsidiary focused on the growing information security market" stated G. Ward Paxton, President and CEO of ODS Networks. "The security technology acquired from SAIC was a strong foundation from which we have developed market leading security management software, a system for early detection of Denial of Service (DoS) attacks, a unique behavior profiling tool and a powerful intrusion detection system," stated Tim Kinnear, President and CEO of Intrusion.com. "As a provider of integrated security solutions, SAIC is also a reseller of Intrusion.com's SecureCom(TM) security appliances and Kane Security(TM) software solutions." ABOUT INTRUSION.COM, INC. Intrusion.com, Inc. is a wholly owned subsidiary of ODS Networks, Inc. (NASDAQ: ODSI). Intrusion.com develops, markets and supports a suite of information security software and security appliances. Intrusion.com helps businesses and government entities to securely conduct e-commerce and protect their information assets. Intrusion.com is headquartered in Richardson, Texas and has more than 200 employees worldwide. More information about Intrusion.com, Inc. is available at http://www.intrusion.com. ABOUT ODS NETWORKS, INC. ODS Networks, Inc. wholly owned subsidiary, Intrusion.com, Inc., provides "security solutions for a .com world." In addition, ODS Networks develops, markets and supports high performance networking switches and network interface cards. ODS Networks and its Essential Communications division help organizations to solve their most demanding and complex networking challenges. ODS Networks has provided reliable, high performance networking solutions to government and commercial customers for over 16 years. More information about ODS Networks is available at http://www.ods.com. # # # ODS is a registered trademark and ODS Networks, Inc. CMDS, Intrusion.com, Kane Security Monitor, Kane Security Analyst, and SecureCom are trademarks of ODS Networks and will be transferred to Intrusion.com, Inc. INVESTOR CONTACT FOR ODS NETWORKS AND INTRUSION.COM Charleigh Shayne, Director, Investor Relations 972-664-8061, cshayne@intrusion.com MEDIA CONTACT FOR INTRUSION.COM Billy Austin, Vice President, Marketing 972-664-8040, baustin@intrusion.com -----END PRIVACY-ENHANCED MESSAGE-----