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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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):
August 17, 2000
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EARTHWATCH INCORPORATED
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(Exact name of registrant as specified in its charter)
DELAWARE
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(State or other jurisdiction of Incorporation)
333-39202 31-1420852
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(Commission (IRS Employer
File Number) Identification No.)
1900 Pike Road, Longmont, Colorado 80501
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(Address of principal executive offices) (Zip code)
(303) 682-3800
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(Registrant's telephone number, including area code)
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EARTHWATCH INCORPORATED
FORM 8-K
Item 5. Other Events.
EarthWatch Incorporated has restated its consolidated financial
statements for the fiscal year ended December 31, 1999 and the quarterly period
ended March 31, 2000 due to a misstatement of the payment of its preferred stock
dividends during those periods. As reflected in the restated financial
statements, the company's total mandatorily redeemable preferred stock was
increased from approximately $123.4 million to approximately $130.0 million for
the fiscal year ended December 31, 1999 and from approximately $123.4 million to
approximately $132.8 million for the quarterly period ended March 31, 2000. In
addition, total stockholders' deficit was increased from approximately $33.5
million to approximately $40.1 million for the fiscal year ended December 31,
1999 and from approximately $38.9 million to approximately $48.2 million for the
quarterly period ended March 31, 2000. Net loss attributable to common
stockholders was increased from approximately $20.4 million to approximately
$27.0 million for the fiscal year ended December 31, 1999 and from approximately
$5.4 million to approximately $8.2 million for the quarterly period ended March
31, 2000.
A revised report from our Independent Accountants and the company's
restated financial statements for the fiscal year ended December 31, 1999 and
the unaudited quarterly period ended March 31, 2000 are attached to this report
as Exhibit 99.4.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits.
Exhibit No. Description
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99.4 Restated Financial Statements
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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.
EARTHWATCH INCORPORATED
Dated: August 17, 2000 By: /s/ Henry E. Dubois
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Henry E. Dubois
Chief Operating Officer,
Chief Financial Officer,
Executive Vice President
(Principal Financial and Accounting Officer)
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EXHIBIT INDEX
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Exhibit No. Description
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99.4 Restated Financial Statements
