-----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, QtEYRgnsCtYoS0ldgYkcbQYWW09wa+yxj3H6mIp8/V7vvNjxbA7ckcgEnfgZ7WK5 K6GRfMI0kwWxP4wTj5yR6w== 0000912057-02-017643.txt : 20020501 0000912057-02-017643.hdr.sgml : 20020501 ACCESSION NUMBER: 0000912057-02-017643 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020430 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: FILED AS OF DATE: 20020501 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ZONES INC CENTRAL INDEX KEY: 0001013786 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CATALOG & MAIL-ORDER HOUSES [5961] IRS NUMBER: 911431894 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-28488 FILM NUMBER: 02628573 BUSINESS ADDRESS: STREET 1: 707 SOUTH GRADY WAY CITY: RENTON STATE: WA ZIP: 98055-3233 BUSINESS PHONE: 4254303000 MAIL ADDRESS: STREET 1: 707 SOUTH GRADE WAY CITY: RENTON STATE: WA ZIP: 98055-3233 FORMER COMPANY: FORMER CONFORMED NAME: MULTIPLE ZONES INC DATE OF NAME CHANGE: 20001101 FORMER COMPANY: FORMER CONFORMED NAME: MULTIPLE ZONES INTERNATIONAL INC DATE OF NAME CHANGE: 19960508 8-K 1 a2078574z8-k.htm FORM 8-K
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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): April 30, 2002

ZONES, INC.
(Exact name of Registrant as Specified in its Charter)

Washington
(State or other jurisdiction
incorporation or organization)
  0-28488
(Commission File Number)
  91-1431894
(I.R.S. Employer of
Identification Number)

707 South Grady Way, Renton, Washington 98055-3233
(Address of Principal Administrative Offices)

Registrant's Telephone Number, Including Area Code: (425) 430-3000




Item 5. Other Events.

        On April 30, 2002, Zones, Inc. (the "Company"), announced that its Chairman and Chief Executive Officer, Firoz H. Lalji, filed a Schedule 13D announcing his purchase of an additional 900,000 shares of the Company's common stock in a private transaction, bringing his total beneficial ownership to 5,051,450 shares of the Company's common stock. Mr. Lalji also indicated in his Schedule 13D that he intends, subject to market conditions, applicable insider trading restrictions and other factors, to purchase additional shares of Zones common stock in the open market and in private transactions at such times and prices as he considers attractive (while reserving the right to dispose of shares from time to time).

Item 7. Financial Statements and Exhibits.

        (c)  Exhibits.

EXHIBIT
  DESCRIPTION

     
99.1   Press Release, dated April 30, 2002

Item 9. Regulation FD Disclosure.

        On April 30, 2002, the Company announced that Nasdaq has notified it that it is not in compliance with the Nasdaq's minimum bid price per share ($1.00) requirements for continued listing on the Nasdaq National Market, and that the Company has until May 15, 2002, to regain compliance with these rules.

        A copy of the Company's press release is attached hereto as exhibit 99.1 and is incorporated herein by reference.




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.

    ZONES, INC.

Dated: April 30, 2002

 

By:

 

/s/  
FIROZ H. LALJI      
By: Firoz H. Lalji
Its: Chairman and Chief Executive Officer


EXHIBIT INDEX

EXHIBIT No.
  DESCRIPTION

     
99.1   Press Release, dated April 30, 2002



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SIGNATURES
EXHIBIT INDEX
EX-99.1 3 a2078574zex-99_1.htm EXHIBIT 99.1
         
        EXHIBIT 99.1
    Zones, Inc. Announces Nasdaq Compliance Date;
CEO Announces Acquisition of Additional Shares
   

        RENTON, Wash.—(BUSINESS WIRE)—April 30, 2002—Zones, Inc. (the "Company" or "Zones"(TM)) (Nasdaq:ZONS), a single-source direct reseller of name-brand information technology products, today announced that Nasdaq has notified the Company that it is not in compliance with Nasdaq's minimum bid price per share ($1.00) requirements for continued listing on the Nasdaq National Market (the "NNM").

        The Company has until May 15, 2002, to regain compliance with these standards. Under NNM rules, Zones may demonstrate compliance by maintaining a $1.00 minimum closing bid price per share for a minimum of 10 consecutive trading days by that date. If the Company is unable to demonstrate compliance by that date, the Company may appeal a determination that it be delisted from the NNM, or may decide to file an application to be transferred to the Nasdaq SmallCap Market. If such an application were filed and accepted, the Company would have another 90 days, or until approximately August 13, 2002, to comply with the minimum bid price requirement.

        In other news, the Company also announced that its Chairman and Chief Executive Officer, Firoz H. Lalji, has filed a Schedule 13D announcing that he has purchased an additional 900,000 shares of the Company's common stock in a private transaction, bringing his total beneficial ownership to 5,051,450 shares of the Company's common stock. Mr. Lalji also indicated in his Schedule 13D that he intends, subject to market conditions, applicable insider trading restrictions and other factors, to purchase additional shares of Zones common stock in the open market and in private transactions at such times and prices as he considers attractive (while reserving the right to dispose of shares from time to time).

About Zones, Inc.

        Zones, Inc. is a single-source direct reseller of name-brand information technology products to the fast growing small to medium sized business market. Zones sells these products and services through outbound and inbound account executives, specialty print and e-catalogs, and the Internet. Zones offers more than 150,000 products from leading manufacturers including Apple, Compaq, Hewlett-Packard, IBM, Microsoft and Toshiba. Incorporated in 1988, Zones, Inc., is headquartered in Renton, Washington. Company and buying information is available at http://www.zones.com, or by calling 800/258-2088.




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