-----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, R3N1zf1EckjZhEYLGsPrYl63Iii+QAA+1DWwyCc2LgLW+9UM3o6n3t/DufFHSqFr ns4WufUiISZd4UDkKFEd6w== 0000950005-98-000602.txt : 19980716 0000950005-98-000602.hdr.sgml : 19980716 ACCESSION NUMBER: 0000950005-98-000602 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980508 ITEM INFORMATION: FILED AS OF DATE: 19980715 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: CENTIGRAM COMMUNICATIONS CORP CENTRAL INDEX KEY: 0000877908 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 942418021 STATE OF INCORPORATION: DE FISCAL YEAR END: 1102 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: SEC FILE NUMBER: 000-19558 FILM NUMBER: 98666872 BUSINESS ADDRESS: STREET 1: 91 EAST TASMAN DR CITY: SAN JOSE STATE: CA ZIP: 95134 BUSINESS PHONE: 4089440250 MAIL ADDRESS: STREET 1: 91 E TASMAN DR CITY: SAN JOSE STATE: CA ZIP: 95134 8-K/A 1 FORM 8-K/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K/A Amendment #1 To Current Report Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) May 8, 1998 CENTIGRAM COMMUNICATIONS CORPORATION (Exact name of registrant as specified in its charter) Delaware 94-2418021 - -------------------------------------------------------------------------------- (State of Incorporation) (I.R.S. Employer Identification Number) 0-19558 ---------------------------- (Commission File Number) 91 EAST TASMAN DRIVE SAN JOSE, CALIFORNIA 95134 (Address of principal executive offices, including zip code) (408) 944-0250 (Registrant's telephone number, including area code) N/A (Former name or address, if changed since last report) 1 INFORMATION TO BE INCLUDED IN REPORT This Form 8-K/A amends Item 7 of that certain Form 8-K filed with the Securities and Exchange Commission on May 8, 1998 (the "Original Form 8-K") by including the financial information referred to below. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS (a) Financial Statements of Business Acquired. Not required. (b) Pro Forma Financial Information. The accompanying Unaudited Pro Forma Condensed Consolidated Balance Sheet at May 2, 1998, and the Unaudited Pro Forma Condensed Statements of Operations for the six months ending May 2, 1998, and for the twelve months ended November 1, 1997 reflect the sale of the CPE business unit ("CPE") on May 8, 1998 to Mitel Corporation. The Company received cash of approximately $26.8 million in this transaction. The Unaudited Pro Forma Condensed Balance Sheet as of May 2, 1998 reflects the elimination of the assets sold and the liabilities incurred, assuming the sale transaction had occurred on May 2, 1998. The Unaudited Pro Forma Condensed Statements of Operations for the six months ended May 2, 1998 and the twelve months ended November 1, 1997 reflects the elimination of net revenue, cost of sales, and operating expenses related to the CPE business unit and assumes that the sale transaction was completed at the beginning of the relevant reporting period. The unaudited pro forma financial information is not necessarily indicative of the results or financial position that would actually have been reported had the sale transaction underlying the pro forma adjustments actually been consummated on such dates nor is it necessarily indicative of future operating results or financial position. (c) Exhibits: The following exhibits are filed herewith: 2.1* Agreement for Purchase and Sale of Assets dated as of April 15, 1998 by and among Centigram Communications Corporation, Mitel, Inc. and Mitel Corp. ---------------- * Previously filed. 2 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 hereunto duly authorized. CENTIGRAM COMMUNICATIONS CORPORATION (Registrant) /s/ Thomas E. Brunton ------------------------------------------------------- Thomas E. Brunton Senior Vice President and Chief Financial Officer Date: July ___ , 1998 3 Centigram Communications Corporation Proforma Condensed Consolidated Balance Sheet (Unaudited) May 2, 1998
Centigram Less: Total As (In thousands) Consolidated CPE Adjusted - ------------------------------------------------------------------------------------------------------------------------------------ (a) (b) (c) ASSETS Current Assets: Cash and short-term investments $ 46,390 $ 26,849 $ 73,239 Trade receivables, net 18,031 (3,778) 14,253 Inventories 8,399 (2,900) 5,499 Other current assets 1,543 (74) 1,469 --------- --------- --------- Total current assets 74,363 20,097 94,460 Property and equipment, net 10,178 (3,027) 7,151 Intangible assets, net 1,332 (382) 950 Deposits and other assets 2,523 (63) 2,460 --------- --------- --------- $ 88,396 $ 16,625 $ 105,021 ========= ========= ========= LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 6,555 $ 393 $ 6,948 Accrued compensation 4,060 (86) 3,974 Accrued income taxes -- 1,100 1,100 Accrued expenses, warranty and other liabilities 6,424 1,756 8,180 --------- --------- --------- Total current liabilities 17,039 3,163 20,202 Commitment and contingencies Stockholders' equity Common stock and capital in excess of par value 90,826 -- 90,826 Treasury stock, at cost (2,333) -- (2,333) Accumulated deficit (17,292) 13,462 (3,830) Other 156 -- 156 --------- --------- --------- Total stockholders' equity 71,357 13,462 84,819 --------- --------- --------- $ 88,396 $ 16,625 $ 105,021 ========= ========= ========= (a) Represents historical Centigram Communications Corporation ("Centigram") Consolidated Balance Sheet, including CPE business unit. (b) Represents CPE business unit sold to Buyer and cash consideration received therefrom. Accounts payable and accrued expenses include estimated transaction costs of approximately $500,000. (c) Represents historical Centigram, net of the sold CPE business unit and cash consideration received in the CPE sale. 4
Centigram Communications Corporation Proforma Condensed Consolidated Statements of Operations (Unaudited) Year Ended November 1, 1997
Centigram Less: Total As (In thousands, except share and per share data) Consolidated CPE Adjusted - ------------------------------------------------------------------------------------------------------------------------------------ (a) (b) (c) Net revenue $ 108,836 $ 39,179 $ 69,657 Costs and expenses: Cost of goods sold 45,661 16,814 28,847 Research and development 21,260 2,400 18,860 Selling, general and administrative 45,611 9,431 36,180 Other expenses 3,263 -- 3,263 --------- --------- --------- 115,795 28,645 87,150 --------- --------- --------- Operating income (loss) (6,959) 10,534 (17,493) Other income and expense, net 6,114 -- 6,114 --------- --------- --------- Income (loss) before income taxes (845) 10,534 (11,379) Provision for income taxes 833 -- 833 --------- --------- --------- Net income (loss) $ (1,678) $ 10,534 $ (12,212) ========= ========= ========= Basic (loss) per share $ (0.24) $ (1.76) ========= ========= Diluted (loss) per share $ (0.24) $ (1.76) ========= ========= Shares used in computing basic and diluted net loss per share 6,943 6,943 ========= ========= (a) Represents historical Centigram Consolidated Statement of Operations, including CPE business unit. (b) Represents CPE business unit sold, exclusive of gain realized on the sale. (c) Represents historical Centigram Consolidated Statement of Operations, net of CPE business sold, exclusive of gain realized on the sale. 5
Centigram Communications Corporation Proforma Condensed Consolidated Statements of Operations (Unaudited) Six Months Ended May 2, 1998
Centigram Less: Total As (In thousands, except share and per share data) Consolidated CPE Adjusted - ----------------------------------------------------------------------------------------------------------------------------------- (a) (b) (c) Net revenue $ 39,360 $ 11,376 $ 27,984 Costs and expenses: Cost of goods sold 19,224 5,272 13,952 Research and development 10,087 1,738 8,350 Selling, general and administrative 21,822 4,046 17,776 -------- -------- -------- 51,133 11,056 40,078 -------- -------- -------- Operating income (loss) (11,773) 320 (12,094) Other income and expense, net 1,329 -- 1,329 -------- -------- -------- Income (loss) before income taxes (10,444) 320 (10,765) Provision for income taxes 140 -- 140 -------- -------- -------- Net income (loss) $(10,584) $ 320 $(10,905) ======== ======== ======== Basic (loss) per share $ (1.51) $ (1.56) ======== ======== Diluted (loss) per share $ (1.51) $ (1.56) ======== ======== Shares used in computing basic and diluted net loss per share 7,006 7,006 ======== ======== (a) Represents historical Centigram Consolidated Statement of Operations, including CPE business unit. (b) Represents CPE business unit sold, exclusive of gain realized on the sale. (c) Represents historical Centigram, net of the sold CPE business unit and cash consideration received in the CPE sale. 6
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