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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
3DFX INTERACTIVE, INC.
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(Exact name of Registrant as specified in its charter)
CALIFORNIA 77-0390421
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(State of incorporation or organization) (IRS Employer
Identification No.)
4435 Fortran Drive
San Jose, California 95134
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(Address of principal executive offices) (Zip Code)
(408) 935-4400
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(Registrant's telephone number, including area code)
Item 5. Other Events.
In a press release on October 7, 1999, 3dfx Interactive, Inc.,
a California corporation, announced the resignation of its president
and chief executive officer, L. Gregory Ballard. The text of this
press release is attached hereto as Exhibit 99.1
Item 7. Financial Statements and Exhibits.
(c) Exhibits
99.1 Press Release dated October 7, 1999.
SIGNATURE
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.
3DFX INTERACTIVE, INC.
(Registrant)
/s/ DAVID ZACARIAS
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David Zacarias
Vice President, Administration and
Chief Financial Officer
(Principal Financial and
Accounting Officer)
Dated: October 11, 1999
EXHIBIT 99.1
PRESS RELEASE OF 3DFX INTERACTIVEVE, INC. DATED OCTOBER 7, 1999
3dfx Announces Resignation of L. Gregory Ballard, CEO
SAN JOSE, Calif., Oct. 7 /PRNewswire/ - 3dfx Interactive Inc. (Nasdaq:
TDFX) today announced that L. Gregory Ballard, its president and chief
executive officer, has resigned effective October 31, 1999. The Board
of Directors announced that an immediate search would begin for his
successor.
"I have had an extraordinary three years at 3dfx, in which sales have
grown from almost nothing to an annualized revenue rate of over $400
million,'' said L. Gregory Ballard. "During this time we have created
a dominant worldwide brand and have been the consistent leader at
retail. We have put in place a strategy and management team that will
solidify our leadership position.
"I truly believe that the challenges in this next phase of the
Company's growth will be more technical than marketing and strategic
and that 3dfx can benefit from the fresh perspective that a new CEO can
bring,'' he added. "3dfx has a great future, and I look forward to
watching its progress as an investor.''
"Greg has contributed greatly to the success of the Company, and we are
sad to see him leave,'' said Gordon Campbell, founder and chairman of
3dfx Interactive, Inc., on behalf of the Board of Directors. "The
Board will take this opportunity to bring in an executive to continue
the exceptional growth that 3dfx has enjoyed. I have pledged my time
and efforts to seeing that the transition is smooth and causes no
disruption to the conduct of our growing business.''
Ballard, with Gordon Campbell, who is also managing director of
TechFarm, will organize and direct a search committee from the 3dfx
Board of Directors to find his replacement.
About 3dfx Interactive
3dfx Interactive is leading the 3D multimedia revolution in personal
computers and consumer products. With its patented and award-winning
graphics accelerator chips, boards and software, 3dfx provides the
technology to create high-impact visual experiences. The company is
recognized worldwide for its ability to bring the world's finest games,
educational content, interactive entertainment and media-rich business
applications to life. 3dfx products are available through leading PC
makers including Compaq, Dell, Gateway and in retail stores worldwide.
3dfx Interactive has headquarters in San Jose, Calif., with engineering
and manufacturing facilities in Richardson, Texas, and Juarez, Mexico.
3dfx Interactive is available on the Web at http://www.3dfx.com.
Certain of the statements in this press release, including the
statements relating to expectations about the capabilities of the
combined company, are forward-looking statements that are subject to
risks and uncertainties that could cause results to be materially
different than expectations. Such risks and uncertainties include, but
are not limited to, risks associated with acquisition transactions and
the related integration of operations. Investors are advised to read
3dfx's annual and quarterly reports on Forms 10-K and 10-Q and 3dfx's
other filings with the Securities and Exchange Commission for a further
discussion of such risks and uncertainties.
NOTE: 3dfx Interactive is a registered trademark of 3dfx Interactive.
All other names may be trademarks of their respective holders.
CONTACT: Investors, David Zacarias, 408-934-4400, or [email protected],
or media, Sean Kauppinen, 408-934-5068, or [email protected], both of 3dfx
Interactive, Inc.
