-----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, TEhmW4X4jzhRLtvQZZA10WX911cj/Cz0s179eUS+xu52Q+4KR/r45ZsTAG3Nm9qw 7iU+o9K1wGKLoNHLCir+QQ== 0001047469-99-038909.txt : 19991018 0001047469-99-038909.hdr.sgml : 19991018 ACCESSION NUMBER: 0001047469-99-038909 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19991014 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19991015 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: 99728717 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 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 (Date of earliest event reported): October 14, 1999 ------------------------------- 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 October 14, 1999, the Registrant announced that its Board of Directors authorized the repurchase of up to one million shares of its common stock. The text of Registrant's press release announcing the share repurchase program 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 October 14, 1999, announcing the authorization of a share repurchase program. 2 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: October 14, 1999 By: /s/ Timothy W. Kinnear ---------------------------- Timothy W. Kinnear, Chief Operating Officer 3 EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION OF EXHIBIT - ----------- ---------------------- 99.1 Text of press release of the Registrant, dated October 14, 1999, announcing the authorization of a share repurchase program.
4 EX-99.1 2 EXHIBIT 99.1 FOR IMMEDIATE RELEASE CONTACTS: INVESTOR CONTACT: MEDIA CONTACT: Charleigh Shayne Billy Austin Director, Investor Relations Vice President, Marketing (972) 664-8061 (972) 664-8040 ODS NETWORKS, INC. ANNOUNCES BOARD AUTHORIZATION OF STOCK REPURCHASE PROGRAM Richardson, Texas - October 14, 1999 - ODS Networks, Inc. (NASDAQ: ODSI) ("ODS") today announced that its Board of Directors authorized a stock repurchase program under which up to 1.0 million shares of ODS' outstanding common stock may be acquired in the open market over the next 12 months at the discretion of management. Under the program, the purchases will be funded from available working capital, and the repurchased shares will be held in treasury or used for ongoing stock issuances such as issuances under employee stock plans. As of September 30, 1999, ODS had approximately 18.6 million shares outstanding. Chairman and Chief Executive Officer G. Ward Paxton remarked, "The Board's approval of this program reflects our confidence in ODS' future. Repurchasing stock is one means of underscoring our commitment to enhancing stockholder value." ABOUT ODS NETWORKS, INC. ODS Networks, Inc. is a leading provider of high-performance network and data security solutions. ODS products are used worldwide by government agencies and private and public companies. ODS provides leading edge software and hardware solutions that address the network's most demanding bandwidth and security challenges. Additional information about ODS is available at http://www.ods.com. -----END PRIVACY-ENHANCED MESSAGE-----