-----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, GVuWIHBBiDCKGhKRNNvRjoAVxr4PMu65QTHiBuC/X8S5Bc5/KZTpbyhHfdvM1wJN R+nj9gWUbynTliDH7DBuzQ== 0000950149-02-000678.txt : 20020416 0000950149-02-000678.hdr.sgml : 20020416 ACCESSION NUMBER: 0000950149-02-000678 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020410 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020411 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SOFTNET SYSTEMS INC CENTRAL INDEX KEY: 0000097196 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-TELEPHONE INTERCONNECT SYSTEMS [7385] IRS NUMBER: 111817252 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05270 FILM NUMBER: 02607684 BUSINESS ADDRESS: STREET 1: 650 TOWNSEND STREET STREET 2: SUITE 225 CITY: SAN FRANCISCO STATE: CA ZIP: 94103 BUSINESS PHONE: 6509653700 MAIL ADDRESS: STREET 1: 650 TOWNSEND ST STREET 2: STE 225 CITY: SAN FRANCISCO STATE: CA ZIP: 94103 FORMER COMPANY: FORMER CONFORMED NAME: TENSOR CORP DATE OF NAME CHANGE: 19860819 FORMER COMPANY: FORMER CONFORMED NAME: MAGICSILK INC DATE OF NAME CHANGE: 19880308 FORMER COMPANY: FORMER CONFORMED NAME: VADER GROUP INC DATE OF NAME CHANGE: 19920703 8-K 1 f80750e8-k.txt FORM 8-K UNITED STATES 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 10, 2002 Commission file number 1-5270 SOFTNET SYSTEMS, INC. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) DELAWARE 11-1817252 - -------------------------------------------------------------------------------- (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification Number) 650 TOWNSEND STREET, SUITE 225 SAN FRANCISCO, CALIFORNIA 94103 ------------------------------- (Address of principal executive offices) (415) 365-2500 - -------------------------------------------------------------------------------- (Registrant's telephone number, including area code) N/A - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) Item 5. Other Events Effective April 3, 2002, the Company's operating subsidiary, Intelligent Communications, Inc. ("Intellicom"), ceased operations, following the disposition of certain assets. A copy of the press release concerning this announcement is attached hereto as Exhibit 99.1. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits (c) Exhibits. The following document is filed as an exhibit to this report: 1. Exhibit 99.1 - Press Release dated April 10, 2002. 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. SoftNet Systems, Inc. -------------------------------------- (Registrant) Date: April 10, 2002 By: -------------------------------------- GEORGE L. HERNANDEZ Acting Chief Operating Officer SoftNet Systems, Inc. Exhibit Index to Form 8-K
Exhibit No. Description ----------- ----------- 99.1 Press Release dated April 10, 2002
EX-99.1 3 f80750ex99-1.txt EXHIBIT 99.1 Exhibit 99.1 INVESTOR AND MEDIA CONTACT: George L. Hernandez SoftNet Systems, Inc. 415-354-3904 investors@softnet.com SOFTNET SYSTEMS, INC. ANNOUNCES TERMINATION OF INTELLICOM OPERATIONS SAN FRANCISCO -- April 10, 2002--SoftNet Systems, Inc. (the "Company") (NASDAQ: SOFN - news), today announced that effective April 3, 2002, the Company's operating subsidiary, Intelligent Communications, Inc. ("Intellicom"), ceased operations, following the disposition of certain assets. Edward Bennett, the Company's Acting Non-Executive Chairman, said, "The decision to discontinue the operations of Intellicom reflects the Company's continuing focus on maximizing the value of the company's cash and other assets. We expect a decision on the future direction of the Company shortly, and will then establish a date for any stockholder vote required on that decision promptly thereafter." For more information about the Company, please visit www.softnet.com. This press release contains forward-looking statements concerning the Company's anticipated future operating results, future revenues and earnings or adequacy of future cash flows. These forward-looking statements include, but are not limited to, statements containing the words "hope", "expect", "believe", "will", "may", "should", "project", "estimate", and "approximately", and like expressions, and the negative thereof. These statements are subject to risks and uncertainties that could cause actual results to differ materially from the statements, including the risks attendant to a growing business in a new industry as well as those risks described in the Company's Quarterly and Annual Reports. -----END PRIVACY-ENHANCED MESSAGE-----