-----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, FK480hWxlaB3U0xYhMUO5nFPqiFFYp/xyxwIFU6RpUTkFjaR1pR5s+bcgZYGCCR1 NzxWJewictvtwg2U1iUD7Q== 0000899078-01-000041.txt : 20010208 0000899078-01-000041.hdr.sgml : 20010208 ACCESSION NUMBER: 0000899078-01-000041 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20010206 ITEM INFORMATION: FILED AS OF DATE: 20010207 FILER: COMPANY DATA: COMPANY CONFORMED NAME: USDATA CORP CENTRAL INDEX KEY: 0000943895 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 752405152 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: SEC FILE NUMBER: 000-25936 FILM NUMBER: 1526562 BUSINESS ADDRESS: STREET 1: 2435 NORTH CENTRAL EXPRESSWAY CITY: RICHARDSON STATE: TX ZIP: 75080 BUSINESS PHONE: 9726809700 8-K/A 1 0001.txt AMENDMENT NO. 1 TO 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ------------------------- AMENDMENT NO. 1 TO FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Earliest Event Reported: February 6, 2001 USDATA CORPORATION - ------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 000-25936 75-2405152 - ------------------------------------------------------------------------------- (State or other jurisdiction of (Commission File Number) (IRS Employer incorporation or organization) Identification No.) 2435 N. Central Expressway, Richardson, Texas 75080-2722 - ------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (972) 680-9700 ITEM 5. OTHER EVENTS. ------------ This filing updates the financial information filed in the Form 8-K on February 6, 2001. SCP Private Equity Partners II, L.P. ("SCP") elected to exercise the right to acquire shares of Series B Convertible Preferred Stock ("Series B Stock") of USDATA Corporation (the "Company") in exchange for Series A-1 Convertible Preferred Stock ("Series A-1 Stock") of eMake Corporation ("eMake"), a subsidiary of the Company. Safeguard 2000 Capital, L.P. ("Safeguard") elected to exercise the right to acquire shares of Series B Stock of the Company in exchange for Series A-2 Convertible Preferred Stock ("Series A-2 Stock") of eMake. The conversion of the stock by SCP and Safeguard became effective January 1, 2001. Set forth below is the unaudited pro forma balance sheet of the Company after the conversion of the Series A-1 Stock and the Series A-2 Stock for Series B Stock. USDATA CORPORATION AND SUBSIDIARIES PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET DECEMBER 31, 2000 (In thousands, except share and per share data) (Unaudited)
Conversion of Balance Sheet eMake Ser A-1 Balance Sheet prior to the and A-2 P/S to after the conversion USDATA Series B P/S conversion - ----------------------------------------------------------------------------------------------------------------------------------- ASSETS Current assets: Cash and cash equivalents 512 512 Accounts receivable, net of allowance for doubtful - accounts of $224 and $453, respectively 4,219 4,219 Other current assets 699 699 - ----------------------------------------------------------------------------------------------------------------------------------- Total current assets 5,430 - 5,430 - ----------------------------------------------------------------------------------------------------------------------------------- Property and equipment, net 2,619 2,619 Computer software development costs, net 8,411 8,411 Software held for resale, net 824 824 Cost in excess of fair value of tangible net assets purchased, net - - Intangible and other assets 66 66 - ----------------------------------------------------------------------------------------------------------------------------------- Total assets 17,350 - 17,350 - ----------------------------------------------------------------------------------------------------------------------------------- LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Current liabilities: Accounts payable 2,101 2,101 Deferred revenue 1,343 1,343 Accrued compensation and benefits 1,336 1,336 Stockholder notes payable - - Current portion of long-term debt 1,150 1,150 Other accrued liabilities 2,153 2,153 - ----------------------------------------------------------------------------------------------------------------------------------- Total current liabilities 8,083 - 8,083 - ----------------------------------------------------------------------------------------------------------------------------------- Long-term debt, less current portion 569 569 - ----------------------------------------------------------------------------------------------------------------------------------- Total liabilities 8,652 - 8,652 - ----------------------------------------------------------------------------------------------------------------------------------- Commitments and contingencies Preferred stock, $.01 par value, 2,200,000 shares authorized: Series A cumulative convertible redeemable preferred stock; 100,000 shares authorized; 50,000 shares issued and outstanding in 1999. - - Redeemable convertible preferred stock, Series A-1 and Series A-2, $.01 par value, with a redemption and liquidation value of $2.50 per share in 2000; 16,000,000 shares authorized for Series A-1 and 16,000,000 shares for Series A-2; 5,300,000 shares issued and outstanding for each series of preferred stock 27,142 (27,142) - Stockholders' equity (deficit): Preferred stock, $.01 par value, 2,200,000 shares authorized: Series A cumulative convertible preferred stock; 100,000 shares authorized; 50,000 shares issued and outstanding in 2000 5,567 5,567 Preferred stock, $.01 par value, 800,000 shares authorized, Series B, 265,000 shares issued and outstanding of perferred stock 27,142 27,142 Common stock, $.01 par value, 40,000,000 shares authorized; 16,324,188 issued in 2000 163 163 Additional paid-in capital 24,293 24,293 Deferred compensation - - Retained earnings(accumulated deficit) (39,541) (39,541) Treasury stock at cost, 2,317,008 shares in 2000 (7,961) (7,961) Accumulated other comprehensive loss (965) (965) - ----------------------------------------------------------------------------------------------------------------------------------- Total stockholders' equity (deficit) (18,444) 27,142 8,698 - ----------------------------------------------------------------------------------------------------------------------------------- Total liabilities and stockholders' equity (deficit) 17,350 - 17,350 - -----------------------------------------------------------------------------------------------------------------------------------
SIGNATURE 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: February 6, 2001 USDATA CORPORATION By: /s/ Robert A. Merry ------------------------------------ Name: Robert A. Merry Title: Chief Executive Officer -----END PRIVACY-ENHANCED MESSAGE-----