-----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, Br7Lpzmua4IaDmR2UEkUlePtWpA4PX8hN2N2aYnqiQKPO6ZemZqqydBsZWJfp9NX U/sZ04Kwjh8PqgnRCHpl3A== 0000950149-01-500577.txt : 20010501 0000950149-01-500577.hdr.sgml : 20010501 ACCESSION NUMBER: 0000950149-01-500577 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20010427 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010430 FILER: COMPANY DATA: COMPANY CONFORMED NAME: QUOKKA SPORTS INC CENTRAL INDEX KEY: 0001037737 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990] IRS NUMBER: 943250045 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-26311 FILM NUMBER: 1616216 BUSINESS ADDRESS: STREET 1: 525 BRANNAN STREET STREET 2: GROUND FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94107 BUSINESS PHONE: 4159083800 MAIL ADDRESS: STREET 1: 525 BRANNAN STREET STREET 2: GROUND FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94107 8-K 1 f72022e8-k.txt FORM 8-K 1 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 27, 2001 QUOKKA SPORTS, INC. ------------------- (Exact Name of Registrant as Specified in its Charter) DELAWARE -------- (State or Other Jurisdiction of Incorporation) 000-26311 94-3250045 ------------------------ ------------------------------------ (Commission File Number) (I.R.S. Employer Identification No.) 525 Brannan Street, 3rd Floor, San Francisco, CA 94107 ------------------------------------------------------ (Address of Principal Executive Offices) (415) 908-3800 -------------- (Registrant's Telephone Number, Including Area Code) Not Applicable -------------- (Former Name or Former Address, if Changed Since Last Report) 2 INFORMATION TO BE INCLUDED IN REPORT ITEM 5. OTHER EVENTS. On April 27, 2001, Quokka Sports, Inc. (the "Company"), along with its direct and indirect subsidiaries, Quokka Exchange, Inc., QuokkaDNA, Inc., Kanga, Inc., Production Services Australia, Inc. Total Motorsports Inc., Sports Extra, Inc. and Zonenetwork.com, Inc. (collectively, the "Subsidiaries"), filed voluntary petitions for Chapter 11 bankruptcy protection in the United Stated Bankruptcy Court for the Northern District of California, San Francisco Division (the "Bankruptcy Court"). These cases have been assigned to the Honorable Thomas E. Carlson and will be jointly administered under case number 01-31149. No trustee, receiver or examiner has been appointed and Quokka Sports, Inc. and the Subsidiaires are continuing to operate their businesses as a debtors-in-possession while being subject to the supervision and orders of the Bankruptcy Court. The Company intends to proceed with a structured sale of substantially all of its business and assets. The Company expects to seek approval of open bid procedures from the U.S. Bankruptcy Court during the week of April 30, 2001. Alvaro Saralegui, the Company's chief executive officer and president, will oversee the orderly sale of the Company's strategic assets and Alan Ramadan will continue as chairman of the board of directors. The remaining directors of the Company have resigned, effective upon the filing of the bankruptcy petition. The Company has been informed that the staff of the Nasdaq Stock Market ("Nasdaq") has determined that the Company's common stock should be delisted from Nasdaq because the Company is no longer in compliance with the net tangible assets requirement under Nasdaq's continued listing requirements. The Company is currently in the process of effecting a previously approved one-for-fifty reverse stock split to comply with the minimum bid price requirement for continued listing on Nasdaq. The Company has requested a hearing based on written submissions, which would temporarily stay any delisting by Nasdaq, during which time the Company intends to complete its reverse stock split. Nasdaq has halted trading in the Company's common stock since April 19, 2001. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS (c) Exhibits None. 3 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. QUOKKA SPORTS, INC. By: /s/ Alvaro Saralegui ------------------------------------- Alvaro Saralegui President and Chief Executive Officer Dated: April 30, 2001 -----END PRIVACY-ENHANCED MESSAGE-----