SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report: June 25, 1998
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XEROGRAPHIC LASER IMAGES CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 1-11236 51-0319174
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
101 Billerica Avenue, 5 Billerica Park, North Billerica, MA 01862
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(Address of principal executive offices) (Zip
Code)
(978) 670-5999
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(Registrant's telephone number, including area code)
Information to Be Included in the Report
Item 1 Changes in Control of Registrant
Not Applicable
Item 2 Acquisition or Disposition of Assets
Not Applicable
Item 3 Bankruptcy or Receivership
Not Applicable
Item 4 Changes in Registrant's Certifying Accountant
Not Applicable
Item 5 Other Events
Exhibit No. Description of Exhibit
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10.47.1 Amendment No. 1 to Promissory Note and
Agreement Between Oak Technology, Inc.
and Xerographic Laser Images
Item 6 Resignations of Registrant's Directors
Not Applicable
Item 7 Financial Statements and Exhibits
Not Applicable
Item 8 Change in Fiscal Year
Not Applicable
Signatures
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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.
Xerographic Laser Images Corporation
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(Registrant)
Date: June 25, 1998 By: /s/ James L. Salerno
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James L. Salerno, Chief Financial Officer
(Principal Financial and Accounting Officer)
EXHIBIT 10.47.1
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AMENDMENT NO. 1
TO
PROMISSORY NOTE AND AGREEMENT
BETWEEN
OAK TECHNOLOGY, INC. AND XEROGRAPHIC LASER IMAGES CORPORATION
This Amendment to the "Promissory Note and Agreement", dated as of June
16, 1998, is entered by and between Oak Technology Inc., a Delaware
corporation ("Oak" herein), as "Lender", and Xerographic Laser Images, a
Delaware Corporation ("XLI" herein), as "Borrower", and is made with
reference to the following facts and circumstances:
A) On March 31, 1998, OAK and XLI entered into an agreement entitled
"Promissory Note and Agreement" (the "Prior Agreement" herein)
pursuant to which XLI could borrow funds from Oak not to exceed a
maximum amount of $500,000.00 USD.
B) OAK and XLI are desirous of amending the Prior Agreement.
NOW, THEREFORE, in consideration of the promises and convenants hereinafter
set forth, the parties agree as follows:
1) The maximum amount of funds available to be advanced to XLI by
OAK is increased to $800,000 USD. All other terms and conditions, as set
forth in Prior Agreement remains unchanged.
IN WITNESS WHEREOF, the undersigned duly authorized officers of Borrower and
Lender have executed this Amendment as of the date set forth above.
By: /s/ James L. Salerno
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Name: James L. Salerno
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Title: Chief Financial Officer, XLI
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By: /s/ William L. Siddall
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Name: William L. Siddall
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Title: Vice-President, Pixel Magic
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