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) June 15, 2000
Datapoint Corporation
(Exact name of registrant as specified in its charter)
Delaware 001-07636 74-1605174
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
7 rue d'Anjou 75008, Paris, France;
8410 Datapoint Drive, San Antonio, TX 78229-8500
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 331-4007-3737; 210-593-7000
4 rue d'Aguesseau 75008, Paris, France
(Former name or former address, if changed since last report)
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Item 5. Other Events
On June 16, 2000, the Registrant issued a press release, a
copy of which is attached as Exhibit 99 to this Form 8-K, indicating that on
June 15, 2000, the United States Bankruptcy Court for the District of Delaware
(Docket Number 00-1853 (PJW)) approved the previously reported sale of its
European operations and certain U.S. assets to Datapoint NewCo 1 Limited. The
sale is expected to close within thirty days.
In addition, the Bankruptcy Court approved the Registrant's
name change to Dynacore Holdings Corporation.
Item 7. Exhibits
EXHIBIT NO. DESCRIPTION OF EXHIBIT
99 June 16, 2000 Press Release
<PAGE>
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.
Datapoint Corporation
(Registrant)
Date: June 19, 2000
By: /s/ Phillip P. Krumb
Phillip P. Krumb
Acting Chief Financial Officer
<PAGE>
EXHIBIT INDEX
(99) June 16, 2000 Press Release
<PAGE>
Exhibit 99 - Press Release of Registrant
Contact: Sharon P. Riggs
Investor Relations
San Antonio, Texas
(210) 593-7901
BANKRUPTCY COURT APPROVES SALE OF
DATAPOINT CORPORATION'S EUROPEAN OPERATIONS
AND CERTAIN U.S. ASSETS AND NAME CHANGE TO
DYNACORE HOLDINGS CORPORATION
San Antonio, Texas, June 16, 2000.........Datapoint Corporation (EEB:DTPTQ)
today announced that the United States Bankruptcy Court for the District of
Delaware yesterday approved the previously reported sale of its European
operations and certain U.S. assets to Datapoint NewCo 1 Limited for $49.5
million in cash, less certain adjustments, including an adjustment in the event
that the aggregate shareholder deficit of the European operations exceeds $10.0
million at closing (Docket Number 00-1853 (PJW)). The sale is expected to close
within 30 days.
In addition, the Bankruptcy Court approved the Company's name change to
Dynacore Holdings Corporation.
The Company intends to file a reorganization plan pursuant to Chapter
11 of the Bankruptcy Code. Negotiations have commenced regarding the terms of
such plan with members of the Committee of Unsecured Creditors previously
appointed in the bankruptcy case.
The sale of its European operations is consistent with the direction of
the Corporation to focus its efforts and resources on acquiring, developing and
marketing products with Internet and E-commerce applications. The previously
acquired Corebyte Networks(TM) product family (www.corebyte.com) highlights this
effort. The Corebyte subsidiary has developed an intelligent browser-based
communications networking system. With a single interface, users of Corebyte
Networks(TM) products directly access every application necessary to manage
their enterprise from basic E-mail to advanced group computing tools. Corebyte
Networks (TM) products users seamlessly share and exchange valuable information,
selectively and securely, within their networked community and across
enterprises via the Internet. Companies that standardize their network on
Corebyte Networks(TM) products gain all the benefits of the Internet and
eliminate the fear of obsolescence.
Within its U.S. headquarters in San Antonio, TX, and international
headquarters in Paris, France, Datapoint is a recognized innovator in modern
networking infrastructure. Datapoint specializes in the design, integration, and
maintenance of data, voice, and networking communications solutions including
call center, and computer-telephony integration (CTI).
This press release and the materials referred to hereby contain
forward-looking statements regarding the Company's business and future plans of
operations. When used herein, the words "intends," "expects," "plans,"
"estimates," "projects," "believes," "anticipates," "contemplates," "represents"
and similar expressions are intended to identify forward-looking statements.
Forward-looking statements involve known and unknown risks and uncertainties.
These and other important factors, including those set forth in the Company's
Annual and Quarterly Reports on Form 10-K and Form 10-Q (available to the public
at ww.sec.gov), may cause the actual results and performance to differ
materially from the future results expressed in or implied by such
forward-looking statements. The forward-looking statements contained in this
press release speak only as of the date hereof and the Company disclaims any
obligation to provide public updates, revisions or amendments to any
forward-looking statements made herein to reflect changes in the Company's
expectations or future events.
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