SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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First Amendment To
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported): MAY 12, 2000
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Banyan Corporation
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(Exact name of registrant as specified in its charter)
OREGON 000-26065 84-1346327
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(State of incorporation or (Commission (I.R.S. Employer
organization) File Number) Identification Number)
4740 Forge Rd., Bldg. #112, Colorado Springs, CO 80907
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (719) 531-5535
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ITEM 5. OTHER EVENTS.
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On May 12, 2000, the Registrant publicly disseminated a press release
announcing the election of as a member of the Board of Directors.
The information contained in the press release is incorporated herein by
reference and filed as Exhibit 99.1 hereto.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
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(c) Exhibit.
99.1 The Registrant's Press Release dated May 12, 2000.
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.
BANYAN CORPORATION
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(Registrant)
Date: May 15, 2000 /s/ Lawrence Stanley
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Lawrence Stanley
President and CEO
EXHIBIT INDEX
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Exhibit Sequential
Number Description Page Number
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99.1 The Registrant's Press Release 3
dated May 12, 2000
[Exhibit 99.1 - Press Release]
BANYAN ANNOUNCES NEW DIRECTOR
Colorado Springs, Colorado - May 12, 2000 - Banyan Corporation (NQB Pinks: BANY)
announces the appointment of Jeffrey M. Rhodes, age 35, as a Director of Banyan
Corporation.
Mr. Rhodes is Co-Founder and Chief Technical Officer of Platte Canyon Multimedia
Software Corporation, which creates computer based training, student tracking
systems, and utilities for ToolBook developers. Mr. Rhodes states, "I am
excited to participate in the growth and direction of Banyan Corporation. I
believe it has a sound strategic plan and management that will successfully
drive the Company into the twenty-first century."
Prior to founding Platte Canyon Multimedia Software Corporation in 1996, Mr.
Rhodes was the Director of Multimedia Software for Titan Client/Server
Technologies. Before joining Titan in 1992, Mr. Rhodes was Chief of the
Engineering & Operations Branch of the Air Force Phillips Laboratory at Edwards
AFB, California.
Mr. Rhodes received a Master of Science in Economics degree from the London
School of Economics in 1989. He was a Distinguished Graduate from the United
States Air Force Academy, where he received a Bachelor of Science in Electrical
Engineering. As well as being the Top Graduate of the United States Air Force
Academy in the Class of 1987, he also received the honors of Top Cadet in
Engineering, Top Cadet in Electrical Engineering, Outstanding Cadet Group
Commander, and Outstanding Cadet in Military Performance. He was a recipient of
the 1987 British Marshall Scholarship and the 1987 Fannie and John Hertz
Fellowship. Mr. Rhodes has published numerous papers and is a frequent presenter
at conferences both in the U.S. and Europe.
Banyan Corporation is a publicly traded holding company focused on investing in
and building a network of operating subsidiaries engaged in designing,
manufacturing and marketing products and services aimed at the personal computer
market, the notebook segment in particular which is also the fastest growing
segment of the personal computer industry, and Internet e-commerce. Banyan sells
a line of hard-sided protective carrying cases for notebook computers under the
DoubleCase brand name and provides e-commerce services through its subsidiary
TopListing.com. Banyan's products are currently available through distribution
from Ingram Micro and sold through a wide variety of Internet e-commerce
storefronts, computer mail order catalogs, several of the largest U.S. computer
retailers, Value Added Resellers (VARs), a number of overseas vendors, and to
the U.S. government.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor"
for forward-looking statements. Certain information included in this press
release (as well as information included in oral statements or other written
statements made or to be made by Banyan Corporation) contains statements that
are forward-looking, such as statements relating to the future anticipated
direction of the high technology industry, plans for future expansion, various
business development activities, planed capital expenditures, future funding
sources, anticipated sales growth and potential contracts. Such forward-looking
information involves important risks and uncertainties that could significantly
affect anticipated results in the future and, accordingly, such results may
differ from those expressed in any forward-looking statements made by or on
behalf of Banyan Corporation. These risks and uncertainties include, but are not
limited to, those relating to development and expansion activities, dependence
on existing management, financing activities, domestic and global economic
conditions, changes in federal or state tax laws, and market competition
factors. For a description of additional risks and uncertainties, please refer
to Banyan's filings with the Securities and Exchange Commission.
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