-----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, K34mvdWnwiA5nQBkl4TyJyxEcglFCG4UPmsfTtPaKXGZYDLHfjbMVHdIn+R6g67Q dgXEolje33JljwJSRsTd+w== 0000891618-96-001517.txt : 19960805 0000891618-96-001517.hdr.sgml : 19960805 ACCESSION NUMBER: 0000891618-96-001517 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19960731 ITEM INFORMATION: Other events FILED AS OF DATE: 19960802 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: RADIUS INC CENTRAL INDEX KEY: 0000805574 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] IRS NUMBER: 680101300 STATE OF INCORPORATION: CA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 033-35769 FILM NUMBER: 96603224 BUSINESS ADDRESS: STREET 1: 215 MOFFETT PARK DRIVE CITY: SUNNYVALE STATE: CA ZIP: 94089-1374 BUSINESS PHONE: 4085416100 MAIL ADDRESS: STREET 1: RADIUS INC STREET 2: 215 MOFFETT PARK DR CITY: SUNNYVALE STATE: CA ZIP: 94089-1374 8-K 1 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): July 31, 1996 RADIUS INC. (Exact name of registrant as specified in its charter) CALIFORNIA (State or other jurisdiction of incorporation) 0-18690 68-0101300 (Commission (IRS Employer File Number) Identification No.) 215 MOFFETT PARK DRIVE, SUNNYVALE, CA 94089 (Address of principal executive offices, including zip code) Registrant's telephone number, including area code: (408) 541-6100 This report on Form 8-K consists of 3 pages. 2 ITEM 5: OTHER EVENTS Pursuant to the requirements of Rule 135c promulgated under the Securities Act of 1933, as amended, the following press release was released on July 31, 1996: CONTACT James Given, General Counsel Radius Inc. (408) 541-5311 FOR IMMEDIATE RELEASE RADIUS CREDITOR ACCORD SUNNYVALE, Calif., July 31, 1996 -- Radius today announced a non binding letter of intent with representatives of its largest creditors to exchange approximately $50 million in claims for approximately two thirds of the outstanding equity in Radius. The debt to equity conversion is expected to be concluded primarily through a private placement of Radius preferred and common stock and warrants and is contingent on the restructuring of Radius' secured lending relationship as well as a very high level of participation by all creditors. This agreement in principle is subject to final documentation, and the related transactions are expected to close in August 1996. THE SECURITIES TO BE OFFERED WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN APPLICABLE EXEMPTION FROM SUCH REGISTRATION REQUIREMENTS. - --------------------------------------- Radius is a trademark of Radius Inc. which is registered in the United States and certain other jurisdictions. (end) 3 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. Date: August 2, 1996 RADIUS INC. By: /s/ Charles W. Berger ------------------------------------ Charles W. Berger Chairman, President, Chief Executive Officer and Acting Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----