0000950133-01-503038.txt : 20011106 0000950133-01-503038.hdr.sgml : 20011106 ACCESSION NUMBER: 0000950133-01-503038 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20011031 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20011101 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VIDEO NETWORK COMMUNICATIONS INC CENTRAL INDEX KEY: 0000944310 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 541707962 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22235 FILM NUMBER: 1772456 BUSINESS ADDRESS: STREET 1: 50 INTERNATIONAL DRIVE CITY: PORTSMOUTH STATE: NH ZIP: 03801 BUSINESS PHONE: 6033346700 MAIL ADDRESS: STREET 1: 50 INTERNATIONAL DRIVE CITY: PORTSMOUTH STATE: NH ZIP: 03801 FORMER COMPANY: FORMER CONFORMED NAME: OBJECTIVE COMMUNICATIONS INC DATE OF NAME CHANGE: 19970122 8-K 1 w54441e8-k.htm CURRENT REPORT e8-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

October 31, 2001

(Date of Earliest Event Reported)

Video Network Communications, Inc.

(Exact Name of Registrant as Specified in its Charter)
         
Delaware   000-22235   52-1707962
 
 
(State of Incorporation)   (Commission File Number)   (I.R.S. Employer Identification Number)
     
     
50 International Drive, Portsmouth, New Hampshire   03801
 
(Address of Principal Executive Offices)   (Zip Code)

(603) 334-6700

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

 

Item 5. Other Events.

     On October 31, 2001, Video Network Communications, Inc. (the “Company”) was notified by a Nasdaq Listing Qualifications Panel that, effective with the open of business on November 1, 2001, the Company’s Common Stock and Warrants would be delisted from The Nasdaq SmallCap Market. The Nasdaq Listing Qualifications Panel informed the Company that these securities were delisted for the Company’s failure for an extended period of time to evidence compliance with the net tangible asset and stockholders’ equity requirements under Marketplace Rule 4310(c)(2)(B).

     A copy of the press release dated November 1, 2001 issued by the Company in connection with the Nasdaq Stock Market notification is attached as Exhibit 99.1 to this Form 8-K. Exhibit 99.1 is incorporated herein by reference.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

(c) Exhibits.
             
Exhibit No.   Description
 
 
Exhibit 99.1         Press Release, dated November 1, 2001, issued by the Company announcing the delisting of its securities from The Nasdaq SmallCap Market.
         

 

 

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.
         
        VIDEO NETWORK COMMUNICATIONS, INC.
 
Date: November 1, 2001           By:  /s/ Robert H. Emery            
            Robert H. Emery Chief Financial Officer,
            Vice President of Administration
            and Secretary

 

 

EXHIBIT INDEX

             
Exhibit No.   Description
 
 
Exhibit 99.1         Press Release, dated November 1, 2001, issued by the Company announcing the delisting of its securities from The Nasdaq SmallCap Market.
         

  EX-99.1 3 w54441ex99-1.htm PRESS RELEASE ex99-1

 

EXHIBIT 99.1

     
  NEWS RELEASE
  FOR IMMEDIATE
RELEASE
  Contact:
  Robert Emery, Chief Financial Officer
  Video Network Communications, Inc.
  (603) 334-6741
 
    William A. Walkowiak, CFA
    Lippert/Heilshorn & Associates, Inc.
    (212) 838-3777

VIDEO NETWORK COMMUNICATIONS, INC.
SECURITIES TO BE DELISTED FROM THE NASDAQ SMALLCAP MARKET

Portsmouth, NH (November 1, 2001) — Video Network Communications, Inc., a provider of real-time video network communications solutions, today announced that it was notified late yesterday by a Nasdaq Listing Qualifications Panel that, effective with the open of business today, the Company’s common stock and publicly traded warrants will be delisted from trading on The Nasdaq SmallCap Market. The Nasdaq Listing Qualifications Panel informed the Company that these securities were delisted for the Company’s failure for an extended period of time to evidence compliance with the net tangible asset and stockholders’ equity requirement under Marketplace Rule 4310(c)(2)(B). The Company’s securities are immediately eligible for trading on the OTC Bulletin Board.

About Video Network Communications, Inc.

Video Network Communications designs, develops, and markets video distribution systems that provide full-motion, high-resolution video networking, enabling video broadcast distribution, retrieval of stored video-on-demand and interpersonal video communications. VNCI’s patented technology allows the VNCI Video System to use the active telephone wiring to bring TV-quality video anywhere there is a phone jack. The Company’s ISDN/IP and Universal (ATM) Gateway solutions extend the system’s reach from enterprise desktops out to the wide-area-networks (WANs). VNCI can be found at www.vnci.net.

 

 

     Except for the historical information herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. Actual results and future events may vary significantly based on a number of factors, including, but not limited to, risks in product and technology development, market acceptance of new products and continuing product demand, the impact of competitive products and pricing, changing economic conditions and other risk factors detailed in the Company’s most recent filings with the Securities and Exchange Commission.

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