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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): November 28, 1995
AMATI COMMUNICATIONS CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
0-4187 94-1675494
(Commission File Number) (IRS Employer Identification No.)
3801 Zanker Road, P.O. Box 5143, San Jose, California 95150
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (408) 433-3300
ICOT CORPORATION
(Former Name or Former Address, if Changed Since Last Report)
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Item 2. ACQUISITION OR DISPOSITION OF ASSETS
Pursuant to the Amended and Restated Agreement and Plan of
Reorganization dated August 3, 1995 as amended on October 6, 1995 (the
"Agreement"), by and among Amati Communications Corporation (formerly, ICOT
Corporation) a Delaware corporation, (the "Registrant"), Amati Communications
Corporation, a California corporation ("Old Amati") and IA Acquisition
Corporation, a California corporation and a wholly-owned subsidiary of the
Registrant ("IAAC"), Old Amati was acquired by the Registrant through a merger
of Old Amati with and into IAAC (the "Merger"). An Agreement of Merger by and
among the Registrant, Old Amati and IAAC was filed with the Secretary of State
of the State of California on November 28, 1995 (the "Effective Time").
At the Effective Time, outstanding shares of Old Amati capital stock
converted into 4,654,567 shares of Registrant's Common Stock (the "Outstanding
Shares") and outstanding options to purchase 338,868 shares of Old Amati's
Common Stock converted into options to purchase 2,134,357 shares of the
Registrant's Common Stock (the "Option Shares" and collectively with the
Outstanding Shares the "Shares"). Of the Shares, 1,050,000 are being held in
escrow relating to Old Amati's indemnification obligations under the Agreement,
and will be released to the former Old Amati stockholders one year from the
Effective Time. In addition, the Registrant issued warrants to purchase 543,071
shares of its Common Stock to the holders of Amati warrants who did not exercise
their warrants prior to the Effective Time and has agreed to issue, within one
month of the Effective Time, options to purchase 1,616,411 shares of the
Registrant's Common Stock to certain employees of Old Amati.
In arriving at the exchange ratio for the Merger, the Registrant
considered such factors as (i) the Registrant's desire to develop new technology
for business growth and to lessen its dependence on International Business
Machines Corporation as its principal customer, (ii) the Registrant's enhanced
opportunity to work with a leading-edge technology and to develop and bring to
market new products in an emerging marketplace, (iii) the Registrant's desire to
gain access to Old Amati's discrete multi-tone technology (the "DMT
Technology"), (iv) the long-term opportunity to increase the Registrant's
revenues by providing products for the evolving multimedia market, and (v) the
ability of the Registrant's stockholders to participate in the growth
opportunities of the combined company. The factors considered by the Registrant
are discussed in greater detail in the Registration Statement on Form S-4
(No. 33-62023) filed on August 23, 1995, as amended (the "Form S-4") and the
undersigned hereby refers to and incorporates herein by reference the more
detailed discussion of such factors.
Old Amati develops telecommunications transmission products utilizing
the DMT Technology to provide high-speed
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digital video, voice and data transmissions over unconditioned copper wire or
coaxial cable.
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) The financial information required pursuant to Item 7(a)(1) of
Form 8-K is not available at this time. Such financial
information will be filed as promptly as practicable, but not
later than 60 days after the filing of this Report on Form 8-K.
(b) The pro forma financial information required pursuant to Item
7(b)(1) of Form 8-K is not available at this time. Such pro
forma financial information will be filed as promptly as
practicable, but not later than 60 days after the filing of this
Report on Form 8-K.
(c) Exhibits
2.1 Amended and Restated Agreement and Plan of Reorganization
dated August 3, 1995 (incorporated by reference to Appendix
A to the Form S-4).
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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 hereto duly authorized.
AMATI COMMUNICATIONS CORPORATION
Date: December 12, 1995 By: /s/ James E. Steenbergen
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James E. Steenbergen, President and Chief
Executive Officer
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