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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): July 21, 1999
ANCOR COMMUNICATIONS, INCORPORATED
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(Exact name of registrant as specified in its charter)
Minnesota 1-2982 41-1569659
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(State or other jurisdiction (Commission file number) (I.R.S. Employer
of incorporation) Identification No.)
6130 Blue Circle Drive, Minnetonka, MN 55343
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(Address of principal executive offices)
Registrant's telephone number, including area code: (612) 932-4000
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Not Applicable
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
On July 21, 1999, Ancor Communications, Incorporated (the "Company")
executed Amendment No. 1 (the "Amendment"), dated as of July 21, 1999, to the
Rights Agreement, dated as of November 3, 1998 (the "Rights Agreement") between
the Company and Norwest Bank Minnesota, N.A. The Rights Agreement, as amended
by the Amendment, sets forth the description and the terms of the rights held by
holders of the Company's common stock, par value $.01 per share, to purchase one
unit initially consisting of one one-hundredth of a share of preferred stock of
the Company.
The Amendment amends the Rights Agreement to increase the Purchase
Price for each one one-hundredth of a Preferred Share purchasable pursuant to
the exercise of a Right from $20.00 to $200.00. Except for any conforming
provisions, the other provisions of the Rights Agreement continue in full force
as set forth therein and were not affected in any way by the Amendment.
This summary description of the Amendment does not purport to be
complete and is qualified in its entirety by reference to the Amendment, which
is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) EXHIBITS
99.1 Rights Agreement, dated as of November 3, 1998, between the Company and
Norwest Bank Minnesota, N.A., as Rights Agent, which includes as Exhibit B
thereto the form of Right Certificate (Incorporated by reference to Exhibit
1 to the Company's Registration Statement on Form 8-A filed November 4,
1998).
99.2 Amendment No. 1, dated as of July 21, 1999, to the Rights Agreement, dated
as of November 3, 1998, between the Company and Norwest Bank Minnesota,
N.A., as Rights Agent (Incorporated by reference to Exhibit 2 to the
Company's Registration Statement on Form 8-A/A-1 filed July 21, 1999).
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SIGNATURE
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.
July 21, 1999 ANCOR COMMUNICATIONS, INCORPORATED
By /s/ Kenneth E. Hendrickson
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Kenneth E. Hendrickson
Chief Executive Officer
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