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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): January 16, 2001
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USinternetworking, Inc.
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(Exact Name of Registrant as
Specified in Charter)
25737
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(Commission File No.)
52-2078325
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(IRS Employer
Identification No.)
Delaware
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(State or Other Jurisdiction
of Incorporation)
One USi Plaza
Annapolis, Maryland 21404-7478
(Address of Principal
Executive Offices)
(410) 897-4400
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(Registrant's telephone
number, including area code)
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ITEM 5. OTHER EVENTS
On January 16, 2001 USinternetworking, Inc. ("the Company"), publicly
disseminated a press release announcing that the Company expects to report
revenues for the fourth quarter ended December 31, 2000 of approximately $37
million. The Company expects to report an EBITDA loss of approximately $12
million. Actual results are subject to final audit. The Company also announced
that, due to increasing operating efficiencies and the projected economic
environment, it will reduce its work force by 11%, or approximately 150
employees.
The foregoing description is qualified in its entirety by reference to
the Registrant's Press Release dated January 16, 2001, a copy of which is
attached hereto as Exhibit 99.1.
ITEM 7. EXHIBITS
(c) Exhibits.
99.1 The Company's Press Release dated January 16, 2001.
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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.
USinternetworking, Inc.
By: /s/ William T. Price
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Name: William T. Price
Title: Vice President, General Counsel & Secretary
Date: January 17, 2001
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EXHIBIT INDEX
*99.1 Press Release dated January 16, 2001.
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* Filed herewith.
