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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report: September 19, 2000
Date of earliest event reported: May 16, 2000
ADVANCED FIBRE COMMUNICATIONS, INC.
A Delaware Commission File I.R.S. Employer
Corporation Number: 0-28734 Identification No.
68-0277743
1465 McDowell Boulevard, North
Petaluma, California 94954
Telephone: (707) 794-7700
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ITEM 5. OTHER EVENTS.
On May 16, 2000, Advanced Fibre Communications, Inc. (AFC), completed the
acquisition of GVN Technologies, Inc. (GVN), of Largo, Florida, a leading
developer of integrated access device equipment for the service provider market.
Under the terms of the agreement, approximately 1.1 million shares and options
to purchase AFC common stock were exchanged for all outstanding shares and
options of GVN. Included herein as Exhibit 99.1 are the audited consolidated
financial statements of AFC and subsidiaries as of December 31, 1998 and 1999
and for each of the years in the three-year period ended December 31, 1999 and
Exhibit 99.2, the unaudited condensed consolidated financial statements of AFC
and subsidiaries as of March 31, 1999 and 2000 and for the three month periods
ended March 31, 1999 and 2000. These consolidated financial statements give
retroactive effect to the acquisition of GVN which was accounted for as a
pooling of interests.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Exhibits.
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Exhibit No. Description
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23.1 Consent of KPMG LLP, Independent Auditors
99.1 Selected Consolidated Financial Data
Management's Discussion and Analysis of Financial Condition and
Results of Operations
Consolidated Financial Statements
Notes to Consolidated Financial Statements
Schedule II - Valuation Accounts
99.2 Condensed Consolidated Financial Statements
Notes to Condensed Consolidated Financial Statements
Management's Discussion and Analysis of Financial Condition and
Results of Operations
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1
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ADVANCED FIBRE COMMUNICATIONS, INC.
Date: September 19, 2000 By: /s/ Keith E. Pratt
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Name: Keith E. Pratt
Title: Vice President, Chief
Financial Officer
(Duly Authorized Signatory)
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EXHIBIT INDEX
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<CAPTION>
Exhibit No. Description
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<S> <C>
23.1 Consent of KPMG LLP, Independent Auditors
99.1 Selected Consolidated Financial Data
Management's Discussion and Analysis of Financial Condition and
Results of Operations
Consolidated Financial Statements
Notes to Consolidated Financial Statements
Schedule II - Valuation Accounts
99.2 Condensed Consolidated Financial Statements
Notes to Condensed Consolidated Financial Statements
Management's Discussion and Analysis of Financial Condition and
Results of Operations
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