<PAGE> 1
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) January 4, 2000
VIXEL CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 333-81347 84-1176506
(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
VIXEL CORPORATION
11911 Northcreek Parkway South
Bothell, Washington 98011
(Address of principal executive offices, including zip code)
(425) 806-5509
(Registrant's telephone number, including area code)
Page 1 of 3
Exhibit Index appears on page 3
<PAGE> 2
ITEM 5. OTHER EVENTS
BOARD OF DIRECTORS CHANGES. On January 5, 2000, Vixel Corporation (the
"Company") announced that its board of directors has appointed James M.
McCluney, chief executive officer, to the additional position of chairman of the
board of directors, effective January 4, 2000. McCluney succeeds the Company's
founder Gregory R. Olbright who has served as a director of the Company since
its inception in 1991 and its chairman since May 1999. Olbright has elected to
leave the Company's board to pursue personal interests outside the Company.
ITEM 7. EXHIBITS
The following financial statements, pro forma financial information and
exhibits, if any, are filed as part of this report:
(a) EXHIBITS
99.1 Press Release, dated January 5, 2000
Page 2 of 3
<PAGE> 3
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
VIXEL CORPORATION
By: /s/ Kurtis L. Adams
---------------------------------
Kurtis L. Adams
Chief Financial Officer, Vice President
of Finance, Treasurer and Secretary
Dated: January 18, 2000
EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit Number Description
- -------------- -----------
<S> <C>
99.1 Press Release, dated January 5, 2000
</TABLE>
Page 3 of 3
<PAGE> 1
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
FOR MORE INFORMATION, CONTACT:
Investor Relations: Media Inquiries:
Kurt Adams Christine Goetz
Vixel Corporation Vixel Corporation
425.806.5800 425.806.4511
[email protected] [email protected]
VIXEL ELECTS NEW CHAIRMAN OF THE BOARD
CEO JAMES M. McCLUNEY APPOINTED
BOTHELL, WA. - JANUARY 5, 2000 - Vixel Corporation (Nasdaq: VIXL), a leading
provider of Storage Area Network (SAN) solutions, today announced that its board
of directors has appointed James M. McCluney, 48, chief executive officer, to
the additional position of chairman of the board of directors, effective January
4, 2000. McCluney succeeds Vixel Corporation's founder Gregory R. Olbright, 44,
who has served as a director of the company since its inception in 1991 and its
chairman since May 1999. Olbright has elected to leave the Vixel board to pursue
personal interests outside the company.
McCluney has served as Vixel's president, chief executive officer and director
since joining the company in April 1999, and was previously president of Crag
Technologies, formerly Ridge Technologies. He also held various positions at
Apple Computer, including senior vice president of worldwide operations and vice
president of European operations. Prior to Apple Computer, McCluney held various
executive positions at Digital Equipment Corporation.
"We're excited that Jim will be taking on this additional responsibility,"
commented Juan A. Rodriguez, a member of Vixel's board of directors and chairman
and chief executive officer of Ecrix Corporation, a data storage company. "He is
a proven leader, having steered the company through the launch of several major
product initiatives and overseen Vixel's successful initial public offering."
<PAGE> 2
Except for historical information contained herein, this news release contains
forward-looking statements that are subject to risks and uncertainties that may
cause actual results to differ materially from the results discussed in the
forward-looking statements. Factors that may cause such a difference include
risks affecting development of the SAN market, the competitiveness and
performance of Vixel's products in this rapidly changing market and the ability
of Vixel to meet evolving product standards required by customers and others
involved in the distribution channel for SAN products. Further information on
the factors and risks that could affect Vixel's business, financial condition
and results of operations are included in the Risk Factors section of Vixel's
public filings with the Securities and Exchange Commission, including the
Registration Statement on Form S-1 (File No. 333-81347) and Vixel's most recent
report on Form 10-Q, which are available at www.sec.gov.
ABOUT VIXEL CORPORATION
Vixel Corporation is a leading provider of Storage Area Network (SAN) solutions.
The Company's comprehensive product portfolio of switches, hubs and transceivers
with an integrated management software application delivers a reliable,
interoperable solution to its customers and partners. SAN InSite is Vixel's
comprehensive management software for SANs, providing remote control and
diagnostics for Fibre Channel switches, hubs and transceivers from a single
console, reducing the administration and overhead of implementing a SAN.
Established in 1991, the Company continues to develop innovative Fibre Channel
products to optimize the deployment, performance and management of SAN
solutions. Vixel products are available through its network of value-added
resellers, alliances and OEMs. Vixel is an ISO 9001 certified company.
For more information, visit Vixel's web site at www.vixel.com. Vixel Corporation
is headquartered at 11911 North Creek Parkway South, Bothell, Washington 98011
and can be contacted by phone at 425-806-5509 or e-mail at [email protected].
# # #
