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) SEPTEMBER 22, 2000
EAGLE WIRELESS INTERNATIONAL, INC.
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(Exact name of registrant as specified in its charter)
TEXAS
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(State or Other Jurisdiction of Incorporation)
0-20011 76-04949
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(Commission File Number) (IRS Employer Identification No.)
101 COURAGEOUS DRIVE, LEAGUE CITY, TX 77573
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(Address of Principal Executive Office) (Zip Code)
(281) 538-6000
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(Registrant's Telephone Number, Including Area Code)
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(Former Name or Former Address, if Changed Since Last Report
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ITEM 5. OTHER EVENTS.
On September 22, 2000, Eagle Wireless International, Inc.'s ("Eagle") board of
directors authorized a stock buyback program of up to one-half million shares of
Eagle's outstanding common stock. Eagle will hold the shares purchased pursuant
to this buyback program for issuance in connection with Eagle's Incentive Stock
Option Plan and other employee plans. Eagle intends for the common stock to be
repurchased from time to time in the open market or in other negotiated
transactions, depending on market conditions and other factors. Eagle has
approximately 26 million shares of common stock outstanding.
Eagle issued a press release which explains this program. This press release is
attached as an exhibit to this Form 8-K.
Eagle's board of directors believes that Eagle's common stock is undervalued and
has authorized the buyback program in affirmation of Eagle's long-term prospects
and potential opportunities in the broadband marketplace.
ITEM 7 FINANCIAL STATEMENTS AND EXHIBITS.
EXHIBIT NO. DESCRIPTION
99.1 September 22, 2000 Press Release (Stock Repurchase Program)
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.
Eagle Wireless International, Inc.
October 18, 2000
By: /S/ H. DEAN CUBLEY
Name: H. Dean Cubley
Title: Chief Executive Officer
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Exhibit List
Exhibit No. Description
99.1 September 22, 2000 Press Release (Stock Repurchase Program)
