SECURITIES AND EXCHANGE COMMISSION
WASHINGTON DC 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) November 13, 2000
STREAMLINE.COM, INC.
(Exact Name of Registrant as Specified in Charter)
DELAWARE 000-26133 04-3187302
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(State or Other Jurisdiction (Commission File Number) IRS Employer
of Incorporation) Identification No.
27 Dartmouth Street, Westwood, MA 02090
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (781) 407-1900
This Current Report on Form 8-K contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, including, but not limited to, statements
identified or qualified by words such as "likely," "will," "suggests," "may,"
"would," "could," "should," "expects," "anticipates," "estimates," "plans,"
"projects," "believes," or similar expressions (and variants of such words or
expressions). The forward-looking statements contained herein represent the
judgment of Streamline.com, Inc. as of the date of this Current Report on Form
8-K and Streamline.com, Inc. cautions against the placement of undue reliance on
such statements. These statements relate to future events and therefore are
inherently uncertain. Actual performance and results may differ materially from
those projected or suggested due to certain risks and uncertainties, including,
but not limited to, the risks and uncertainties described or discussed in the
Section "Risk Factors" in Streamline's Form 10-K for the period ended January 1,
2000 and filed with the Securities and Exchange Commission on March 31, 2000,
Streamline's Form 10-Q for the period ended July 1, 2000 and filed with the
Securities and Exchange Commission on August 15, 2000, and Streamline's
registration statement on Form S-3 filed with the Securities and Exchange
Commission on October 5, 2000. These risks include, among others, raising the
additional capital to fund continuing operations and increasing competition, and
other risks relating to Streamline.com Inc.'s dependence on customer acceptance
of direct, unattended delivery of goods and services.
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Item 5. Other Events
As Streamline.com, Inc. (the "Company") has been unsuccessful to date
in raising additional financing or, alternatively, selling the Company's
remaining operations, the Board of Directors of the Company decided to begin the
orderly wind down of its operations. The Company will notify customers that it
plans to discontinue service effective November 22, 2000.
The Company plans to sell its remaining assets and use the proceeds and
existing cash to settle with the Company's creditors. The Company will provide
severance to laid off employees and retain a small staff to oversee the sale of
the Company's assets and ensure the orderly wind-down of operations.
A copy of a press release of the Company is included as Exhibit 99.1
hereto.
Item 7. Financial Statements and Exhibits.
(a) Exhibits
Exhibit 99.1 Press Release, dated November 13, 2000.
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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.
STREAMLINE.COM, INC.
By: /s/ Lawrence P. Anderson
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Lawrence P. Anderson,
Chief Financial Officer
(Authorized Officer and Principal
Financial Officer)
Dated: November 13, 2000
