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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) March 7, 1997
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First Pacific Networks, Inc.
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(Exact name of registrant as specified in charter)
Delaware 0-20238 77-074188
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(State of other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
871 Fox Lane, San Jose, California 95131
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (408)943-7600
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(Former name or former address, if changed since last report)
This Current Report, including exhibits, contains 5 pages.
The Exhibit Index is located on page 4.
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ITEM 3.
On March 7, 1997 the company received notice from the Nasdaq Stock Market,
Inc. ("NASDAQ") that the Company's common stock (FPNQE) will be removed from The
Nasdaq Stock Market at the close of business on March 14, 1997. A copy of the
press release issued by the Company is attached hereto as an exhibit.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statement of Business Acquired
Not Applicable.
(b) Pro Forma Financial Information.
Not Applicable.
(c) Exhibits.
99.1 Press Release of the Company dated March 7, 1997.
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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.
FIRST PACIFIC NETWORKS, INC.
Date: March 12, 1997 By: /s/ Kenneth W. Schneider
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Kenneth W. Schneider
Chief Financial Officer and
Corporate Secretary
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EXHBIT INDEX
Sequentially
Exhibit No. Description Numbered Page
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99.1 Press Release of the Company dated March 7, 1997 5
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EXHIBIT 99.1
CONTACT:
James R. Hirschy Kenneth W. Schneider
First Pacific Networks, Inc. First Pacific Networks, Inc.
(408) 943-7602 (408) 943-7642
FOR IMMEDIATE RELEASE
SAN JOSE, CA--MARCH 7, 1997--First Pacific Networks, Inc. (NASDAQ:FPNQE)
("FPN" or "the Company") today announced that it has been notified by The
Nasdaq Stock Market, Inc. ("Nasdaq") that the Company is scheduled to be
delisted from The Nasdaq SmallCap Market at the close of business on March
14, 1997.
As previously announced, the Company filed a voluntary petition for bankruptcy
protection and reorganization under Chapter 11 of the U.S. Bankruptcy Code in an
effort to return the Company to financial stability. The Company had also stated
that the Board is continuing to seek long-term financing and has directed
management to evaluate all serious proposals with regard to the sale,
acquisition or merger of the Company, as well as the sale or licensing of the
Company's proprietary technologies.
First Pacific Networks, Inc. develops and markets products for telephone, data
and energy management communications over hybrid fiber/coaxial networks, both
domestically and internationally.
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