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):
February 19, 1998
NETSPEAK CORPORATION
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(Exact name of registrant as specified in its charter)
FLORIDA 0-22521 65-0627616
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State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
902 CLINT MOORE ROAD, SUITE 104, BOCA RATON, FLORIDA 33487
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (561) 998-8700
<PAGE>
Item 5. OTHER EVENTS.
See the press release attached hereto as Exhibit 99.1.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
99.1 Press Release
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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.
NETSPEAK CORPORATION
By:/s/ JOHN W. STATEN
-----------------------------------
John W. Staten,
Chief Financial Officer
Dated: February 19, 1998
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<PAGE>
EXHIBIT INDEX
EXHIBIT DESCRIPTION
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99.1 Press Release
NetSpeak Corporation Announces Expiration of Lock-Up Agreements
Boca Raton, FL February 19, 1998 -- NetSpeak Corporation (NASDAQ: NSPK)
today announced that lock-up agreements entered into in connection with the
Company's May 1997 initial public offering will expire at the close of business
on Friday, February 20, 1998, rather than February 28, 1998 as originally
provided for. The lock-up agreements affect approximately 7.9 million shares of
NetSpeak common stock.
Approximately 3.3 million of the 7.9 million shares released from the
lock-up agreements will be freely tradable at the start of trading on Monday,
February 23, 1998 pursuant to Rule 144(k) under the Securities Act of 1933. An
additional approximately 4.2 million shares currently subject to lock-up
agreements also will become tradable at that time, subject, however, to the
volume limitations, manner of sale requirements and other provisions of Rule
144. The remaining approximately 450,000 shares currently subject to lock-up
agreements will become eligible for public sale under Rule 144 in June 1998.
Upon expiration of the lock-up agreements on February 20, 1998, there
will be no lock-up agreements in effect.
ABOUT NETSPEAK CORPORATION
NetSpeak Corporation (NASDAQ: NSPK), based in Boca Raton, Florida,
develops, markets, licenses and supports a suite of intelligent software modules
which provide business solutions for concurrent, real-time interactive voice,
video and data communications over packetized data networks such as the
Internet, Local Area Networks (LANs) and Wide Area Networks (WANs). NetSpeak's
products allow organizations to build new voice and video-enabled communications
networks, or to add these communications capabilities to their existing
enterprise. For additional information visit NetSpeak's World Wide Web site at
http://www.netspeak.com.
FOR MORE INFORMATION, CONTACT:
John W. Staten
Netspeak Corporation
561-997-4001
[email protected]
NetSpeak is a registered trademark of NetSpeak Corporation.
Forward-looking statements (statements which are not historical facts) in this
release are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Investors are cautioned that all
forward-looking statements involve risks and uncertainties, including those
risks and uncertainties detailed in the Company's filings with the Securities
and Exchange Commission.
