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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 Event)
April 4, 1995 (March 24, 1995)
CRAY COMPUTER CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
(State of Incorporation)
0-18072 84-1120275
(Commission file number) (I.R.S. Employer Identification Number)
1110 Bayfield Drive, Colorado Springs, Colorado 80906
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (719) 579-6464
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ITEM 3. BANKRUPTCY OR RECEIVERSHIP.
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On March 24, 1995 Cray Computer Corporation (the "Company") filed a voluntary
petition under Chapter 11 of the United States Bankruptcy Code in the United
States Bankruptcy Court for the District of Colorado (the "Court"). The
Company's existing directors and officers have initially remained in possession
of the assets and business of the Company but are subject to the supervision and
orders of the Court. The Company issued the following press release on March 24,
1995.
"COLORADO SPRINGS, CO., MARCH 24, 1995-CRAY COMPUTER CORPORATION (NASDAQ-CRAY)
announced today that it has filed a petition under Chapter 11 of the United
States Bankruptcy Code in the United States Bankruptcy Court for the District
of Colorado. The Company has suspended work on its supercomputer systems and
laid off its engineering, manufacturing and marketing personnel.
The Company has been unable to complete a planned $20 million placement of
common stock with foreign and institutional investors. This placement was
required to finance development and market introduction of the Company's CRAY-4
supercomputer system and of its hybrid massively parallel/vector CRAY-3/Super
Scalable System."
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
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Exhibits
None
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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.
CRAY COMPUTER CORPORATION
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DATE: April 4, 1995 BY: /s/ TERRY A. WILLKOM
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Terry A. Willkom
President and Chief
Operating Officer
