<PAGE>
================================================================================
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--October 25, 1996
----------
STREAMLOGIC CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 0-12046 95-3093858
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation or organization) File Number) Identification No.)
21329 Nordhoff Street
Chatsworth, California 91311
(Address of principal executive offices) (Zip Code)
----------
LEE N. HILBERT Copy to:
Chief Financial Officer BRIAN G. CARTWRIGHT, ESQ.
Streamlogic Corporation Latham & Watkins
21329 Nordhoff Street 633 West Fifth Street
Chatsworth, California 91311 Suite 4000
(818) 701-8400 Los Angeles, California 90071
(Name, address, including zip code, and (213) 485-1234
telephone number, including area code, of
agent for service)
Not Applicable
(Former name and former address)
<PAGE>
Streamlogic Corporation
Current Report on Form 8-K
October 25, 1996
Table of Contents
Page
----
Item 5. Other Events 3
Item 7. Financial Statements and Exhibits 3
-2-
<PAGE>
Item 5. Other Events
- --------------------
The purpose of this Form 8-K is to file a press release issued by
StreamLogic Corporation on October 16, 1996 regarding the Company's announcement
of a plan to relocate its corporate headquarters and consolidate its
manufacturing operations in Northern California. A copy of this press release is
filed herewith as Exhibit 20.1 and is hereby incorporated by reference to this
Item 5.
Item 7. Financial Statements and Exhibits
- -----------------------------------------
(c) Exhibits
20.1 - Press Release dated October 16, 1996
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.
STREAMLOGIC CORPORATION
Date: October 25, 1996 By: /s/ Lee N. Hilbert
------------------------------- -----------------------------------
Lee N. Hilbert
Chief Financial Officer
-3-
<PAGE>
EXHIBIT 20.1
[LETTERHEAD OF STREAMLOGIC CORPORATION]
FOR IMMEDIATE RELEASE
STREAMlOGIC TO MOVE CORPORATE HEADQUARTERS TO NORTHERN CALIFORNIA; ANNOUNCES
PLAN TO CONSOLIDATE MANUFACTURING OPERATIONS THERE
CHATSWORTH, Calif., October 16, 1996 - StreamLogic Corporation
(NASDAQ:STLC) today announced a plan to relocate its corporate headquarters and
consolidate all of its manufacturing operations in Northern California. The cost
saving measure calls for the closing of the company's current Chatsworth
facility and relocation of its manufacturing operations, engineering and
administration by early April 1997.
"After substantial consideration, the company determined that the economies
of centralized engineering, manufacturing and administration would provide the
most favorable internal cost reduction solution as well as the most efficient
transfer of new products from our engineers' designs to our manufacturing
floor," said Lee Hilbert, Chief Financial Officer of StreamLogic Corporation.
"After the move, we look to achieve a quarterly operating cost reduction target
of $700,000 to $800,000 and an overall reduction of about 50 employees -- or 23%
of the company's current workforce."
The reduction will affect the Chatsworth-based employees. However, a
certain number of current employees are expected to relocate to the new
headquarters in the Bay Area.
"These cost control measures and a number of new products will
substantially improve our business prospects," said J. Larry Smart, President
and CEO of StreamLogic. "We look forward to an improved ability to serve our
existing and future customers."
"This move is a major step forward in the assimilation of the FWB Hammer
hardware business acquired in July and another of the significant building
blocks necessary to return the company to profitability," Hilbert continued. "We
look to the continuing support of our customers and suppliers during this
transition period and hope to experience only minimal disruptions."
This news release includes forward-looking statements. For a detailed
discussion of important factors that could cause actual results of the company
to differ materially from those described herein, please refer to the company's
Current Report on Form 8-K as filed on August 15, 1996, with the Securities and
Exchange Commission.
-more-
<PAGE>
StreamLogic develops and markets leading-edge video delivery, digital media
storage, and networking RAID and data management solutions. Current product
offerings include VIDEON, the industry's first family of video-on-demand server
subsystems, the innovative Video Disk Recorder (VDR) video editing appliance,
the award-winning Hammer high-performance storage products, and the industry
leading RAIDION family of fault-tolerant network RAID and data management
solutions. The company sells to OEMs and systems integrators and has a well-
established international network of distribution and dealer channel partners.
StreamLogic corporate headquarters are located in Chatsworth, California, with
marketing, sales, engineering, customer service, and manufacturing operations in
Menlo Park and Chatsworth, California.
StreamLogic, VIDEON, Hammer, and RAIDION, are trademarks or registered
trademarks of StreamLogic Corporation. Additional information on StreamLogic
can be found at http://www.streamlogic.com
For more information, please contact: Lee Hilbert (818) 701-8404
Barbara Scherer (818) 701-8402
