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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 1 to
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
February 5, 1998
Date of Report (Date of earliest event reported)
CONCENTRIC NETWORK CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 000-22575 65-0257497
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(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation) Identification No.)
10590 N. Tantau Avenue
Cupertino, California 95014
(Address of principal executive offices)
(408) 342-2800
(Registrant's telephone number, including area code)
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
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On February 5, 1998, Concentric Network Corporation, a Delaware
corporation (the "Registrant"), acquired all of the outstanding capital stock of
InterNex Information Services, Inc., a California corporation ("InterNex") from
InterNex Communications, Inc., a California corporation and owner of all of the
issued and outstanding shares of capital stock of InterNex ("Holding Company"),
pursuant to a Share Acquisition Agreement, dated February 1, 1998, by and among
the Registrant, InterNex and Holding Company. Registrant paid $16.75 million in
cash to Holding Company as consideration for all of the issued and outstanding
shares of capital stock of InterNex. The source of such funds was working
capital of the Registrant. The amount of consideration for the transaction was
determined by arms-length negotiations between the parties.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
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The following financial statements and exhibits are filed as part of
this report, where indicated.
(a) Financial statements of business acquired, prepared pursuant to Rule
3-05 of Regulation S-X:
Independent Auditors' Report
Balance Sheets
Statements of Operations and Retained Earnings
Statements of Cash Flows
Notes to Financial Statements
The indicated financial statements are incorporated by reference to
the Registrant's Annual Report on Form 10-K filed with the SEC on
March 5, 1998.
(b) Pro forma financial information required pursuant to Article 11 of
Regulation S-X:
Unaudited Pro Forma Consolidated Balance Sheet
Unaudited Pro Forma Consolidated Statement of Operations
Notes to Pro Forma Consolidated Financial Information
The indicated financial statements are incorporated by reference to
the Registrant's Annual Report on Form 10-K filed with the SEC on
March 5, 1998.
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(c) Exhibits in accordance with Item 601 of Regulation S-K:
Exhibits.
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2.1* Share Acquisition Agreement, dated as of February 1, 1998, by
and among Registrant, InterNex Communications, Inc. and
InterNex Information Services, Inc.
23.1** Consent of Independent Auditors.
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*Previously filed.
**None required.
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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.
CONCENTRIC NETWORK CORPORATION
Dated: April 17, 1998 By: /s/ Michael Anthofer
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Michael Anthofer
Senior Vice President, Chief
Financial Officer
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INDEX TO EXHIBITS
EXHIBIT
NUMBER DESCRIPTION
2.1* Share Acquisition Agreement, dated as of February 1, 1998, by and
among Registrant, InterNex Communications, Inc. and InterNex
Information Services, Inc.
23.1** Consent of Independent Auditors.
_________________
*Previously filed.
**None required.
