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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): APRIL 25, 1997
THE 3DO COMPANY
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 0-21336 94-3177293
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(STATE OR OTHER JURISDICTION OF (COMMISSION FILE NUMBER) (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION) IDENTIFICATION NO.)
600 GALVESTON DRIVE
REDWOOD CITY, CA 94063
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(ADDRESS, INCLUDING ZIP CODE, OF PRINCIPAL EXECUTIVE OFFICES)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (415) 261-3000
NOT APPLICABLE
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(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
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Item 5. OTHER EVENTS
The 3DO Company (the "Registrant") has announced the execution of a
definitive agreement pursuant to which Registrant will sell certain physical
assets of Registrant's hardware systems business, assign ownership of certain
intangible assets, and grant licenses and sublicenses covering certain
intellectual property rights to Samsung Electronics Company, Ltd. ("Samsung") in
exchange for a net cash payment of $20 million (the "Transaction"). The
Transaction will close upon fulfillmentof Registrant's conditions to closing set
forth in the definitive agreement and upon receipt by Registrant and Samsung of
approval from the United States and Korean governments. The Transaction replaces
the agreement in principle Registrant announced on January 29, 1997 to
contribute Registrant's hardware systems business to a joint venture with
Samsung.
If Registrant does not meet its closing obligations for the
Transaction, or if Registrant or Samsung cannot obtain the required government
approvals, and the Transaction does not close, then Registrant will continue to
incur certain expenses of its hardware systems business, which would divert
funds from Registrant's Internet content and entertainment software operations.
These and other risks associated with the Registrant's business are described in
"Risk Factors" in Registrant's Annual Report on Form 10-K for the year ended
March 31, 1996 and in Registrant's Quarterly Report on Form 10-Q for the quarter
ended December 31, 1996 filed with the Securities and Exchange Commission.
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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.
The 3DO Company
By: /S/ TERRENCE SCHMID
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Terrence Schmid
Chief Financial Officer
Date: May 13, 1997
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