Form 8-K

-----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, GQRhycMB14YONjvlwz6icmdRbHsYgNGq3akmkbtlLweseNQpYaGjSCt29WjYXesG U8D58Ti+fIgLlDZEreOz0w== 0001193125-04-169627.txt : 20041012 0001193125-04-169627.hdr.sgml : 20041011 20041012063612 ACCESSION NUMBER: 0001193125-04-169627 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041008 ITEM INFORMATION: Other Events FILED AS OF DATE: 20041012 DATE AS OF CHANGE: 20041012 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PINNACLE SYSTEMS INC CENTRAL INDEX KEY: 0000774695 STANDARD INDUSTRIAL CLASSIFICATION: PHOTOGRAPHIC EQUIPMENT & SUPPLIES [3861] IRS NUMBER: 943003809 STATE OF INCORPORATION: CA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-24784 FILM NUMBER: 041073162 BUSINESS ADDRESS: STREET 1: 280 N BERNARDO AVE CITY: MOUNTAIN VIEW STATE: CA ZIP: 94043 BUSINESS PHONE: 6502371600 MAIL ADDRESS: STREET 1: 280 N BERNARDO AVE CITY: MOUNTAIN VIEW STATE: CA ZIP: 94043 8-K 1 d8k.htm FORM 8-K Form 8-K

UNITED STATES

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 8, 2004

PINNACLE SYSTEMS, INC.

(Exact name of registrant as specified in its charter)

California

000-24784

94-3003809

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

280 North Bernardo Avenue

Mountain View, California

94043

(Address of principal executive offices)

(Zip Code)


Registrant’s telephone number, including area code		(650) 526-1600

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. Other Events

Effective as of October 8, 2004, the Board of Directors of Pinnacle Systems, Inc. (“Pinnacle”) adopted resolutions directing Pinnacle to take appropriate actions to amend and restate the Preferred Shares Rights Agreement dated as of December 12, 1996, as amended by Amendment No. 1 dated as of April 30, 1998, between Pinnacle and ChaseMellon Shareholder Services, L.L.C. (the “Rights Agreement”) to (a) eliminate all requirements in the Rights Agreement that actions, approvals and determinations to be taken or made by Pinnacle’s Board of Directors be taken or made by a majority of the “Continuing Directors,” (b) reflect Mellon Investor Services LLC as the sucessor entity to ChaseMellon Shareholder Services, L.L.C. and (c) make certain clarifying changes. The deletion of all references to “Continuing Directors” eliminates from the Rights Agreement what are commonly referred to as “dead hand” provisions.

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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.


PINNACLE SYSTEMS, INC.

By:		/s/ Scott E. Martin
		Scott E. Martin
		Senior Vice President, Human Resources and Legal

Date: October 12, 2004

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