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
October 16, 2000
(Date of Earliest Event Reported)
SATTEL GLOBAL NETWORKS, INC.
(Exact Name of Registrant as Specified in its Charter)
9172 Eton Ave.
Chatsworth, California 91311
(Address of Principal Executive Offices)
818-709-6201 (Telephone)
818-709-6462 (Fax)
OSTEO SYSTEMS, INC.
2449 Lyric Ave.
Los Angeles, CA 90027
(Former Name and Former Address)
Colorado 95-3966863
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
ITEM 5. OTHER EVENTS
Sattel Global Networks, Inc., a Delaware corporation, and Osteo Systems,
Inc. have entered into a formal arrangement whereby Osteo Systems, Inc. would
acquire all the assets of Sattel Global Networks, Inc. The transaction has not
been consummated but if, and when it does, the Registrant will file a
comprehensive Form 8-K with all the appropriate exhibits as required.
ITEM 6. RESIGNATIONS OF DIRECTORS AND EXECUTIVE OFFICERS
On October 16, 2000, the Company's former Secretary and Treasurer and
Director, Kendall Dorsett, the Company's Executive Vice-President, Suzanne
Sorensen, and Roland K. Fink, as President and Director tendered their
resignations. The Company appointed George Weischadle, as President and
Director, Stanley Cohen as Vice-President and Director, Werner F. Grieder as
Treasurer and Director, Darrell Cho as Secretary, Wayne Goettsche as Director
and J. Edgar Benavente as a Director.
EXHIBITS
Exhibit No. Exhibit Description
17 Resignation of Roland W. Fink
17.1 Resignation of Kendall Dorsett
17.2 Resignation of Suzanne Sorensen
17.3 Directors' Consent Reolustion
17.4 Unanimous Written Consent of The Directors of
Sattel Global Networks, Inc.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Current Report on Form 8-K to be signed on its
behalf by the undersigned hereunto duly authorized.
By /s/_________________________
Georeg Weischadle, President
Date: November 1, 2000
