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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): NOVEMBER 7, 1997
RETIX
(Exact name of Registrant as specified in its charter)
0-19640
(Commission File Number)
CALIFORNIA 95-3948704
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation)
4640 Admiralty Way
North Tower, 6th Floor
Marina del Rey, California 90292-6695
(Address of principal executive offices, with zip code)
(310) 828-3400
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS.
On January 30, 1996, Retix entered into a Common Stock and Warrant Purchase
Agreement (the "PURCHASE AGREEMENT") with Sierra Ventures V, L.P. ("SIERRA")
pursuant to which Sierra purchased 2,000,000 shares of Retix's Common Stock.
The Purchase Agreement was filed with the Commission as Exhibit 10.30 to its
Annual Report on Form 10-K for the fiscal year ended December 30, 1995. Under
the Purchase Agreement, Sierra also acquired a warrant to purchase up to
2,000,000 additional shares of Retix's Common Stock (the "WARRANT"). The
Warrant was also filed with the Commission as Exhibit 10.30 to its Annual Report
on Form 10-K for the fiscal year ended December 30, 1995. On November 7, 1997,
Sierra net exercised the Warrant in accordance with the terms thereof. As a
result of the net exercise, the Warrant has been surrendered by Sierra and
Sierra has received 1,457,627 shares of Retix's Common Stock.
ITEM 7. EXHIBITS
Exhibit
No. Exhibit
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10.30 Common Stock and Warrant Purchase
Agreement dated January 30, 1996*
* Incorporated by reference to identically numbered exhibit filed in response
to Item 14(a)(3), "Exhibits," of the Registrant's Annual Report on Form 10-K
for the fiscal year ended December 30, 1995.
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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.
RETIX
Date: NOVEMBER 21, 1997 By: /s/ Steven M. Waszak
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STEVEN M. WASZAK
VICE PRESIDENT, FINANCE AND
ADMINISTRATION AND CHIEF FINANCIAL
OFFICER
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