-----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, L9qKWnlUs/NUltnMW9FU4ZJaX1XAgPQrBPECttjdeUhfktOTTUFyczuhkhgWAqGM B0Gemjq5iAYq0HZ2luL4Tg== 0000950134-04-013412.txt : 20040909 0000950134-04-013412.hdr.sgml : 20040909 20040909170817 ACCESSION NUMBER: 0000950134-04-013412 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040903 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20040909 DATE AS OF CHANGE: 20040909 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VISEON INC CENTRAL INDEX KEY: 0000936130 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER COMMUNICATIONS EQUIPMENT [3576] IRS NUMBER: 411767211 STATE OF INCORPORATION: NV FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-27106 FILM NUMBER: 041023566 BUSINESS ADDRESS: STREET 1: 8445 FREEPORT PKWY STREET 2: STE 245 CITY: IRVING STATE: TX ZIP: 75063 BUSINESS PHONE: 9729066300 MAIL ADDRESS: STREET 1: 8445 FREEPORT PKWY STREET 2: STE 245 CITY: IRVING STATE: TX ZIP: 75063 FORMER COMPANY: FORMER CONFORMED NAME: RSI SYSTEMS INC/MN DATE OF NAME CHANGE: 19950620 8-K 1 d18336e8vk.txt FORM 8-K 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): September 3, 2004 ----------------- VISEON, INC. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its Charter) Nevada 0-27106 41-1767211 - -------------------------------------------------------------------------------- (State or other (Commission File (IRS Employer jurisdiction of Incorporation) Number) Identification Number) 8445 Freeport Parkway, Suite 245, Irving, Texas 75063 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (972) 906-6300 -------------- - -------------------------------------------------------------------------------- (Former address if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 133-4(c) under the Exchange Act (17 CFR 240.13e-4(c)). ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS. (b) Resignation of Director. Viseon, Inc. accepted the resignation of W.R. Howell from its Board of Directors effective September 3, 2004. To the knowledge of Viseon's executive officers, Mr. Howell's resignation was not due to any disagreement with Viseon's operations, policies or practices. (d) Appointment of Director. On September 8, 2004, Viseon appointed John O'Donnell to its Board of Directors, effective immediately. It is anticipated that Mr. O'Donnell will be appointed to Viseon's Compensation Committee. Certain Relationships and Related Transactions Mr. O'Donnell is the majority owner and controlling member of Comlink Technologies, LLC. From September 1, 2001 through June 30, 2003, Viseon purchased an aggregate of approximately $1.7 million in inventory from Comlink, consisting primarily of group videoconferencing equipment and related peripherals. The purchases were made in the ordinary course of Viseon's business. From September 1, 2002 through June 30, 2003, Viseon purchased approximately $366,000 in equipment and peripherals from Comlink. No purchases have been made since June 30, 2003. In December 2003, Viseon issued 20,869 shares of its common stock to Comlink in settlement of accounts payable of $23,997 related to the purchases. Comlink's 20,869 shares of Viseon common stock were registered for resale under Viseon's registration statement on Form SB-2/A, which was declared effective by the Securities and Exchange Commission on August 13, 2004 (See the "Selling Stockholders" table in Amendment No. 3 to Form SB-2/A, filed with the Commission on August 13, 2004). In December 2002, Viseon sold its existing service contracts and service business to Comlink for a sales price of $1 plus the assumption by Comlink of all liabilities under the service contracts. In conjunction with this transaction, the Company recognized a gain in the amount of $314,712 which was the unamortized deferred revenue associated with the service contracts. In January 2003, JOD Enterprises, LLC, an entity controlled and majority-owned by Mr. O'Donnell, acquired warrants to acquire 250,000 shares of Viseon common stock at $.70 per share from King Research, LLC in a private transaction. ITEM 7.01 REGULATION FD DISCLOSURE. On September 8, 2004, Viseon issued a press release announcing the appointment of John O'Donnell to its Board of Directors, effective immediately, following the resignation of Mr. Howell effective September 3, 2004. The press release is attached as Exhibit 99.1 to this Report. Limitation on Incorporation by Reference: In accordance with general instruction B.2 of Form 8-K, the information in this report is furnished under Item 7.01 and shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liability of that section. ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS. (c) Exhibits. The following is filed as an exhibit to this Report. 99.1 Viseon, Inc. Press Release, dated September 8, 2004 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. VISEON, INC. (Registrant) Date: September 9, 2004 By: /s/ John C. Harris ------------------------------------- John C. Harris, President and Chief Executive Officer EXHIBIT INDEX
Number Description 99.1 Viseon, Inc. Press Release dated September 8, 2004
EX-99.1 2 d18336exv99w1.txt PRESS RELEASE EXHIBIT 99.1 [VISEON LOGO] - -------------------------------------------------------------------------------- VISEON ANNOUNCES THE APPOINTMENT OF JOHN O'DONNELL TO BOARD OF DIRECTORS Wednesday September 8, 6:20 pm ET DALLAS--(BUSINESS WIRE)--Sept. 8, 2004--Viseon, Inc. (OTCBB:VSNI - News), a global developer of broadband personal video communications solutions, today announced the appointment of Mr. John O'Donnell to its Board of Directors following the resignation of W.R. Howell. Commenting on the transition of its Board of Directors, Viseon's president and chief executive officer John Harris stated, "We appreciate W.R.'s contribution and regret his departure. We are excited that we were able to quickly attract a qualified individual to fill the vacancy and welcome the addition of John O'Donnell and the insight he will offer based upon his years of experience in the video conferencing industry." Mr. Howell stated, "I appreciate the opportunity to have been a part of developing the early strategies of Viseon and feel confident in the leadership of the Company as they move forward. I will watch their progress with keen interest as a shareholder, and provide any assistance that I can." John O'Donnell is the President of Avteq Inc., a provider of peripheral equipment to the group visual communications market. Avteq's primary customers include the United States Government and a significant number of large video conferencing equipment resellers. Prior to his founding of Avteq, Mr. O'Donnell was the co-founder of NuVision Technologies, and served as its president and CEO through 1999. NuVision was acquired by Tandberg, ASA in early 1998. NuVision is often credited with having launched the Tandberg video conferencing sales efforts within the U.S. where it now has the number two market share position. Under Mr. O'Donnell's leadership NuVision became the first reseller for Polycom's entry into the video conferencing business in 1997. Polycom is now the largest manufacturer of video conferencing equipment in the world. "I am honored to serve on the Viseon Board of Directors. I have known the Viseon management team for many years. Viseon's unique technologies and patents give them an edge in what is likely to be a multimillion-unit market in the near future. There are significant opportunities to provide visual communications capabilities to consumers in conjunction with broadband and VOIP providers," said Mr. O'Donnell. ABOUT THE VISIFONE The VisiFone(TM) is the world's first low-cost broadband videophone. It is a self-contained system that does not require a PC or any external equipment. The VisiFone operates on any broadband connection and home or office network including high-speed Internet connections via DSL or cable modem. The VisiFone is H.323 or SIP compliant and delivers up to 30 frames per second video and crisp audio quality utilizing 128k to 512k of bandwidth. It is compatible with virtually all corporate video conferencing systems, yet at $599, the VisiFone can be used by the over 20 million broadband connected U.S. homes. ABOUT VISEON Viseon has been developing, manufacturing and patenting video communication technologies for use by corporations, universities and government agencies since 1994. Its products have been sold under various brand names around the world including Philips, Canon, VTEL and Gentner. Viseon recently announced a strategy to deliver TV-quality broadband videophones to consumers and businesses directly and through relationships with broadband providers. Viseon currently owns U.S. patent numbers 5,802,281, 6,073,192, 6,397,275, 6,519,662 and number 6,654,825. Viseon also holds patents in 18 European and Asian countries and has additional patents pending. CONTACT 8445 Freeport Parkway Suite 245 Dallas, Texas 75063 www.viseon.com mbrownlee@viseon.com 972-906-6300 "SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Statements in this news release regarding Viseon's business that are not historical facts are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All such forward-looking statements involve risks and uncertainties that could cause actual results to differ from those contained in the forward-looking statements, including adverse business or market conditions, the ability to secure and satisfy customers, the availability and cost of materials from suppliers, adverse competitive developments, change in or cancellation of customer requirements, and other risks described in the Company's Annual Report on Form 10-KSB for the most recently ended fiscal year.
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