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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): July 26, 2000
Adaptive Broadband Corporation
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
000-7428 94-1668412
(Commission File No.) (I.R.S. Employer Identification No.)
1143 Borregas Avenue
Sunnyvale, CA 94089
(Address of principal executive offices and zip code)
Registrant's telephone number, including area code: (408) 732-4000
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Item 2. Acquisition or Disposition of Assets.
Sale of Assets to Vislink PLC.
On July 27, 2000, the registrant, Adaptive Broadband Corporation (the
"Company"), sold to RF Technology, Inc. ("RF Technology"), a wholly owned
subsidiary of Vislink PLC, substantially all the assets relating to the
Company's unincorporated division's business of manufacturing and marketing
microwave radio communications equipment and services for the broadcast industry
and government (the "MRC Business"), and RF Technology assumed certain
liabilities of the MRC Business, pursuant to that certain Asset Purchase
Agreement (the "MRC Agreement"), dated as of June 27, 2000, by and between RF
Technology and the Company (the "MRC Sale"). A copy of the MRC Agreement is
attached as Exhibit 2.1. As consideration for the MRC Sale, the Company received
from RF Technology at the closing an aggregate purchase price of Nineteen
Million Two Hundred Fifty One Thousand Dollars ($19,251,000), which is subject
to adjustment under certain circumstances set forth in the MRC Agreement.
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Item 7. Exhibits
2.1 Asset Purchase Agreement, Dated As Of June 27, 2000, By And Among
RF Technology, Inc. and Adaptive Broadband Corporation.
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Item 8: Change in Fiscal Year
On July 26, 2000, the registrant, Adaptive Broadband Corporation,
determined to change its fiscal year-end from the 30th day of June to the 31st
day of December of each year. The form on which the transition period (July 1 to
December 31, 2000) will be reported will be a 10-K.
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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, thereunto duly authorized.
Adaptive Broadband Corporation
Dated: August 10, 2000 By: /s/ Kenneth J. Wees
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Vice President
General Counsel and
Secretary
