-----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, JBSmlMnCjXZvnVCYlkSBumsSK1rag2XJy1QYF86fPCdWY4wFf3HXGJWw7Un6Ju1r c4lXVJH9TMc6Nip09MakFw== 0001012870-99-003055.txt : 19990902 0001012870-99-003055.hdr.sgml : 19990902 ACCESSION NUMBER: 0001012870-99-003055 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990830 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990901 FILER: COMPANY DATA: COMPANY CONFORMED NAME: P COM INC CENTRAL INDEX KEY: 0000935493 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 770289371 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-25356 FILM NUMBER: 99704470 BUSINESS ADDRESS: STREET 1: 3175 S WINCHESTER BLVD CITY: CAMPBELL STATE: CA ZIP: 95008 BUSINESS PHONE: 4088663666 MAIL ADDRESS: STREET 1: 3175 S WINCHESTER BLVD STREET 2: P-COM INC CITY: CAMPBELL STATE: CA ZIP: 95008 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) August 30, 1999 ---------------- P-COM, INC. - ------------------------------------------------------------------------------- (Exact name of registrant as specified in charter) Delaware 0-25356 77-0289371 - ------------------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 3175 S. Winchester Boulevard, Campbell, California 95008 - ------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (408) 866-3666 ---------------------------- None - ------------------------------------------------------------------------------- (Former name or former address, if changed since last report.) Item 5. Other Events. ------------ In a press release disseminated on August 30, 1999, the Registrant issued a press release announcing the appointment of Jim Sobczak as President and Chief Operating Officer. A copy of the press release is attached hereto and incorporated herein by reference. Statements in this report that are forward looking involve known and unknown risks and uncertainties, which may cause the Registrant's actual results in future periods to be materially different from any future performance that may be suggested in this release. Such factors may include, but are not limited to, reliance upon subcontractors, fluctuations in customer demand and commitments, both in timing and volume, introduction of new products, commercial acceptance and viability of new products and expenses associated therewith, cancellations of orders without penalties, pricing and competition, the Registrant's ability to have available an appropriate amount of production capacity in a timely manner, the ability of the Registrant's customers to finance their purchases of the Registrant's products and/or services, the timing of new technology and product introductions, the risk of early obsolescence accounting for adjustments for the Cylink acquisition and the pending stockholder class action lawsuits. Further, the Registrant operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond the Registrant's control, such as announcements by competitors and service providers. Reference is made to the discussion of risk factors detailed in the Company's filings with the Securities and Exchange Commission, including its reports on Form 10-K and 10-Q. Item 7. Financial Statement and Exhibits. -------------------------------- A copy of the Registrant's press release announcing the appointment of Jim Sobczak as President and Chief Operating Officer is attached hereto as an exhibit. 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. P-COM, INC. DATE: August 30, 1999 By: /s/ Robert E. Collins -------------------------------------- Name: Robert E. Collins Title: Chief Financial Officer EXHIBIT INDEX Exhibit - ------- 99.1 Press Release disseminated August 30, 1999 EX-99.1 2 PRESS RELEASE Company Press Release P-Com Announces Appointment of Jim Sobczak as President and Chief Operating Officer CAMPBELL, Calif.--(BUSINESS WIRE)--Aug. 30, 1999--P-Com, Inc. (Nasdaq:PCMS - ---- news) today announced the appointment of Jim Sobczak as President and Chief - ---- Operating Officer effective September 7, 1999. Mr. Sobczak comes to this position with a background of over 30 years in telecommunications, including networking technologies and business strategies. He has served as a senior marketing executive for Westinghouse and Contel ASC. In addition, he has extensive end user experience leading the telecommunications activities for Bank of America and Ford Motor Company. Mr. Sobczak has also been an adjunct faculty member at the University of Pittsburgh teaching graduate courses in networking technology and business strategy, and since 1991 has served as President of Telecommunications Education and Research Network, Inc., (TERN) a corporation providing education and research services to universities offering degrees in telecommunications. He has also consulted with several information technology companies assisting in the development of business strategies. Mr. Sobczak is a past president of the International Communications Association. George P. Roberts, P-Com's Chief Executive Officer and Chairman, commented that ``Jim is an expert in our industry segment and has become very familiar with P- Com as an active P-Com Board member. We are most fortunate to have Jim join us in the top operating role. His appointment as President and Chief Operating Officer further strengthens our Executive Staff and prepares us for growth in both the point to point and point to multipoint broadband access market.'' Mr. Roberts also announced the resignation of Michael Sophie, President of P- Com's Wireless Access Group. ``Mike has decided to pursue an opportunity outside of P-Com that is in close alignment with his career aspirations. We thank Mike for his contributions to the growth of P-Com these past six years, and we wish him the greatest success in his new endeavors.'' P-Com, Inc. develops, manufactures, and markets network access systems for the worldwide wireless telecommunications market. The point-to-point, spread spectrum, and point-to-multipoint radio links provided by P-Com are designed to satisfy the network requirements of cellular and personal communications services, corporate communications, public utilities and local governments. In addition, P-Com provides comprehensive network services including system planning, program planning and management, path design, and installation. Statements in this release that are forward looking involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance that may be suggested in this release. Such factors may include, but are not limited to, reliance upon subcontractors, fluctuations in customer demand and commitments, both in timing and volume, introduction of new products, commercial acceptance and viability of new products and expenses associated therewith, cancellations of orders without penalties, pricing and competition, the Company's ability to have available an appropriate amount of production capacity in a timely manner, the ability of the Company's customers to finance their purchases of the Company's products and/or services, the timing of new technology and product introductions, the risk of early obsolescence, and the pending stockholder class action lawsuits. Further, the Company operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond the Company's control, such as announcements by competitors and service providers. Reference is made to the discussion of risk factors detailed in the Company's filings with the Securities and Exchange Commission, including its reports on Form 10-K and 10-Q. P-Com, Inc., with world headquarters in Campbell, CA, USA and offices in Florida, New Jersey, Virginia, the UK, Italy, France, Germany, Poland, Mexico, Dubai and China, is an ISO 9001 certified company. For additional information, contact P-Com at: P-Com, Inc. 3175 S. Winchester Boulevard Campbell, CA 95008 USA TEL: (408) 866- 3666 FAX: (408) 866-3655 www.p-com.com ------------- ___________________ Contact: P-Com Bob Collins, 408/866-3666 (VP & Chief Financial Officer) -----END PRIVACY-ENHANCED MESSAGE-----