-----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, SLOfCT7xsZ4Szc4HBRoOP+vTJXD2uI4CGW45DedjjXDJeHJhVa+jNbsWAo6DPBJo tHl/KwopCHsI3nrYQeKvmw== 0000950005-02-000354.txt : 20020415 0000950005-02-000354.hdr.sgml : 20020415 ACCESSION NUMBER: 0000950005-02-000354 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020329 ITEM INFORMATION: Other events FILED AS OF DATE: 20020328 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HYBRID NETWORKS INC CENTRAL INDEX KEY: 0000900091 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 770250931 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-23289 FILM NUMBER: 02591886 BUSINESS ADDRESS: STREET 1: 6409 GUADALUPE MINES ROAD CITY: SAN JOSE STATE: CA ZIP: 95120 BUSINESS PHONE: 4083236500 MAIL ADDRESS: STREET 1: 6409 GUADALUPE MINES ROAD CITY: SAN JOSE STATE: CA ZIP: 95120 8-K 1 p15193_8k.txt CURRENT REPORT 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 28, 2002 Hybrid Networks, Inc. (Exact name of registrant as specified in this charter) Delaware (State or Other Jurisdiction of Incorporation) 0-23289 77-02520931 (Commission File Number) (I.R.S. Employer Identification Number) 6409 Guadalupe Mines Road, San Jose, CA 95120 (Address of principal executive offices) (Zip Code) (408) 323-6250 (Registrant's Telephone Number, Including Area Code) ITEM 5. Other Events. On March 28, 2002, Hybrid Networks, Inc. issued the following Press Release. SAN JOSE, Calif.-- March 28, 2002--Hybrid Networks Inc. (Nasdaq:HYBR - news) today has announced that its efforts to complete a strategic transaction, such as a sale or merger of the company, have thus far not proven successful. The Company further noted that it expects that revenue for the first quarter of 2002 will not exceed $700,000 and that it has no backlog for future periods. Effective March 29, 2002, the Company will further reduce its work force by eliminating approximately 80% of its remaining staff. After payment of employee compensation, termination and other expenses, the Company will have cash and accounts receivables of less than $1 million. The Company does not foresee having sufficient liquid assets to continue even its scaled back operations beyond April 30, 2002. Therefore, the Company intends to pursue an orderly cessation of its operations. The Company's remaining liabilities consist primarily of the company's $5.5 million convertible notes that are secured by substantially all of the assets of the company and its obligations to its landlord. The Company does not expect that any assets will be available for distribution to holders of its common or preferred stock after the claims of its creditors have been settled. 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, thereunto duly authorized. Dated: March 28, 2002 Hybrid Networks, Inc. By: /s/ Michael D. Greenbaum ------------------------------------- Michael D. Greenbaum President and Chief Executive Officer -----END PRIVACY-ENHANCED MESSAGE-----