-----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, VQYvtSOLFjQM0sYGRpiQpX6Q56lRvpbAMjQMQNIV93GH3DDvweuX/TskaSds6hno gzH5toUkURhT9O8xf6iNhA== 0001181431-09-000196.txt : 20090102 0001181431-09-000196.hdr.sgml : 20090101 20090102160919 ACCESSION NUMBER: 0001181431-09-000196 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20081231 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090102 DATE AS OF CHANGE: 20090102 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SONIC SOLUTIONS/CA/ CENTRAL INDEX KEY: 0000916235 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 930925818 STATE OF INCORPORATION: CA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-23190 FILM NUMBER: 09501664 BUSINESS ADDRESS: STREET 1: 101 ROWLAND WAY STREET 2: STE 110 CITY: NOVATO STATE: CA ZIP: 94945 BUSINESS PHONE: 4158938000 MAIL ADDRESS: STREET 1: 101 ROWLAND WAY STREET 2: STE 110 CITY: NOVATO STATE: CA ZIP: 94945 8-K 1 rrd228173.htm Prepared By R.R. Donnelley Financial -- 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):  12/31/2008
 
SONIC SOLUTIONS
(Exact name of registrant as specified in its charter)
 
Commission File Number:  000-23190
 
CA
  
93-0925818
(State or other jurisdiction of
  
(IRS Employer
incorporation)
  
Identification No.)
 
101 Rowland Way, Suite 110 , Novato, CA 94945
(Address of principal executive offices, including zip code)
 
(415) 893-8000
(Registrant’s telephone number, including area code)
 
(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:

[  ]   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 2.02.    Results of Operations and Financial Condition
 
On January 2, 2009, Sonic Solutions (the "Company") issued a press release updating financial guidance for its third fiscal quarter ended December 31, 2008. A copy of the press release, dated January 2, 2009, is attached hereto as Exhibit 99.1.

The information in this Item 2.02 of Current Report on Form 8-K and Exhibit 99.1 attached hereto are being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Item 2.02 of Current Report on Form 8-K and Exhibit 99.1 shall not be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

 
 
Item 9.01.    Financial Statements and Exhibits
 
The following exhibit is furnished with this Current Report on Form 8-K:

EX-99.1    Press Release of Sonic Solutions dated January 2, 2009

 

 

Signature(s)
 
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.
 
     
 
SONIC SOLUTIONS
 
 
Date: January 02, 2009
     
By:
 
/s/    David C. Habiger

               
David C. Habiger
               
President & Chief Executive Officer
 
 


 

Exhibit Index
 
Exhibit No.

  
Description

EX-99.1
  
Press Release of Sonic Solutions dated January 2, 2009
EX-99.1 2 rrd228173_26956.htm PRESS RELEASE OF SONIC SOLUTIONS DATED JANUARY 2, 2009

news release

FOR RELEASE:

January 2, 2009

NASDAQ: SNIC


Sonic Solutions Updates Financial Guidance

Novato, California (January 2, 2009) - Sonic Solutions® (NASDAQ: SNIC) today announced updated financial guidance for its third fiscal quarter ended December 31, 2008. The Company now anticipates that net revenue for this quarter will be between $27 and $28 million. The revised forecast reflects the general economic weakness, which has affected the Company's OEM and retail sales. This forecast also includes a small amount of revenue from the operations of CinemaNow, which Sonic acquired in November.

About Sonic Solutions: Sonic Solutions enables the creation, management, and enjoyment of digital media content through its Hollywood to Home products, services, and technologies. Sonic's products range from the advanced authoring systems used to produce Hollywood DVD and Blu-ray Disc titles to the award-winning Roxio-branded photo, video, music, and digital-media management applications and services. Sonic's patented technologies and AuthorScript® media engine are relied upon by leading technology firms to define rich media experiences on a wide array of consumer electronics, mobile devices, set-top players, retail kiosks, and PCs. Always an innovator, Sonic has taken a leading role in helping professional and consumer markets make the successful transition to the new high-definition media formats and, through the Qflix platform, Sonic is defining new models for the digital distribution of Hollywood entertainment. Sonic Solutions is headquartered in Marin County, California.

Forward Looking Statements: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended that are made as of the date of this press release based upon our current expectations. All statements, other than statements of historical fact, regarding our strategy, future operations, financial position, estimated revenue, projected costs, projected savings, prospects, plans, opportunities, and objectives constitute "forward-looking statements." The words "may," "will," "expect," "intend," "plan," "anticipate," "believe," "estimate," "potential" or "continue" and similar types of expressions identify such statements, although not all forward-looking statements contain these identifying words. Such forward-looking statements include, but are not limited to expectations regarding net revenues. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause such differences include, but are not limited to: risks related to the negative impact of current macroeconomic conditions on consumers and associated impact on their ability and inclination to spend on leisure and entertainment related activities and related software and electronics; the timely introduction and acceptance of new products and services, including but not limited to the rate of acceptance of Sonic's Qflix initiative, online services and high-definition products by content owners, original equipment manufacturers and consumers; competing products and services that may, now or in the future, be available to consumers; pricing pressures associated with products or services offered by current or future competitors; Sonic's ability to maintain suffici ent liquidity and continue to fund its capital needs; the costs associated with new product and service introductions and the possible adverse effects on gross margins; fluctuations in demand for Sonic products and services; unforeseen increases in operating expenses; loss of significant customers, major distributors or key suppliers; and risks associated with international operations. Additional discussion of these and other risks, uncertainties and factors affecting Sonic's business, prospects and future results is contained in the company's periodic filings with the Securities and Exchange Commission. Sonic does not undertake to update any forward-looking statements unless otherwise required by law.

Sonic, the Sonic logo, Sonic Solutions, AuthorScript, Hollywood to Home, Qflix, and Roxio are trademarks or registered trademarks of Sonic Solutions in the United States and/or other countries. All other company or product names are trademarks of their respective owners and, in some cases, are used under license.

For more information, contact:

For more information, contact:

Sonic Solutions

Sonic Solutions Investor Relations

Paul Norris, E.V.P. and Acting Chief Financial Officer

Nils Erdmann, V.P. Investor Relations

Phone: 415.893.8000
Fax: 415.893.8008
Email: paul_norris@sonic.com

Phone: 415.893.8000
Fax: 415.893.8008
Email: nils_erdmann@sonic.com

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