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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):
January 4, 2000
GATEFIELD CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE
(State of incorporation)
Commission file number 0-13244 41-1404495
(I.R.S. Employer Identification No.)
47436 FREMONT BOULEVARD
FREMONT, CALIFORNIA 94538
(Address of principal executive offices and zip code)
Registrant's telephone number, including area code: (510) 623-4400
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Item 6. Resignation of Registrant's Directors.
RESIGNATION OF MICHAEL J. KUCHA
Mr. Kucha, a senior associate with one of GateField's investors, Idanta
Partners, Ltd., and a Board member of GateField, has left Idanta to form a new
venture capital investment company and resigned as a Director of GateField. Mr.
Huberman, a partner at Idanta and a former director of GateField, has been
appointed to GateField's Board of Directors.
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) Financial Statements of Business Acquired:
Not applicable.
(b) Pro Forma Financial Information:
Not applicable.
(c) Exhibits
Exhibit 99.1 GateField Corporation's press release dated
January 4, 2000, regarding the resignation of
Michael J Kucha.
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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 hereunto duly authorized.
GATEFIELD CORPORATION
/s/ Timothy Saxe
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Timothy Saxe
President and Chief Executive Officer
/s/ James Boyd
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James Boyd
Chief Accounting Officer and Corporate
Controller
Dated: January 4, 2000
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Exhibit 99.1
GATEFIELD CORPORATION ANNOUNCES DIRECTOR RESIGNATION OF
MICHAEL J. KUCHA AND APPOINTMENT OF JONATHAN S. HUBERMAN
FREMONT, CALIF., U.S.A. - JANUARY 4, 2000 -- GateField-TM- Corporation
(OTCBB:GATE) (the "Company") announced today that Jonathan S. Huberman has been
appointed to the GateField Board of Director's, replacing Michael J. Kucha as
Idanta Partners' Board member. Mr. Kucha has resigned from GateField's Board of
Directors effective December 31, 1999. Mr. Huberman is a partner of Idanta
Partners, Ltd. ("Idanta") and a former director of the Company. Mr. Kucha has
been a member of the Company's Board since July of 1998.
In his letter of resignation, Mr. Kucha stated: "I am leaving Idanta
Partners to join with a former partner of mine in the formation of a new venture
capital investment company. To avoid any time conflicts that are likely to
arise, I believe it best that I resign from the GateField board of directors."
Dr. Timothy Saxe, President and CEO, stated, "We are sorry to see Mr. Kucha
leave as our Chairman and we thank him for the many excellent contributions he
has made to get our Company to this point in time. Idanta has been very
supportive and insightful; we look forward to their continued assistance."
Forward-looking statements in this release are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. Investors
are cautioned that such forward-looking statements involve risks and
uncertainties, including, without limitation, continued acceptance of the
Company's products, increased levels of competition, new product introductions
and technological changes, the Company's dependence upon third party suppliers,
intellectual property rights and other risks detailed from time-to-time in the
Company's periodic reports filed with the Securities and Exchange Commission.
GATEFIELD CORPORATION (OTCBB:GATE) developed the revolutionary, patented
flash-based field programmable gate array technology and architecture upon which
its ProASIC family of high gate count, non-volatile reprogrammable products are
built. The company is located at 47436 Fremont Blvd., Fremont, CA 94538-6503.
The company can be reached by phone at 800-818-5052 or 510-623-4400, or on the
Internet at http://www.gatefield.com.
