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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) AUGUST 11, 1997
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ACT NETWORKS, INC.
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(Exact name of registrant as specified in charter)
DELAWARE 0-25740 77-0396887
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
188 CAMINO RUIZ, CAMARILLO, CALIFORNIA 93012
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (805) 388-2474
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NOT APPLICABLE
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(Former name or former address, if changed since last report)
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Exhibit Index is Sequentially
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The Registrant hereby amends the following items of its Report on Form
8-K filed with the Securities and Exchange Commission on August 26, 1997. The
event reported was inadvertently reported under Item 2 rather than under Item 5.
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
N/A.
ITEM 5. OTHER EVENTS
On August 11, 1997, ACT Networks, Inc. (the "Registrant") and ACT
Networks (BNS), Inc. ("Purchaser"), a wholly-owned subsidiary of the Registrant,
acquired (the "Acquisition") certain assets, including substantially all of the
technology and certain engineering personnel, of Sourcecom, Inc., a California
corporation ("Sourcecom") pursuant to a voluntary bankruptcy proceeding filed by
Sourcecom. Sourcecom develops, manufactures, and markets high performance
broadband access devices.
The Acquisition was achieved pursuant to an Asset Purchase Agreement
(the "Purchase Agreement") dated as of July 16, 1997, by and between the
Purchaser and Sourcecom. No material relationship existed between Sourcecom and
the Registrant, the Registrant's affiliates, directors or officers, or any
associate of any of the Registrant's directors or officers. The aggregate
purchase price (the "Purchaser Price") paid by the Registrant and Purchaser to
Sourcecom was a total of approximately $8,000,000 in cash which was paid to
Sourcecom upon consummation of the Acquisition on August 11, 1997 (the
"Closing").
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) Financial Statements of Business Acquired.
N/A
(b) Pro Forma Financial Information.
N/A
(c) Exhibits:
Exhibit
Number Description
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2.2 The Asset Purchase Agreement by and between ACT Networks
(BNS), Inc. and Sourcecom, Inc., dated as of July 16,
1997.*
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* The Registrant hereby undertakes to furnish supplementally a copy of any
omitted schedule to this document to the Securities and Exchange Commission
upon request.
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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.
Date: November 11, 1997 ACT NETWORKS, INC.
/s/ Melvin L. Flowers
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Melvin L. Flowers, Vice President Finance
and Chief Financial Officer
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INDEX TO EXHIBITS
Sequentially
Numbered
Exhibit Description Page
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2.2 The Asset Purchase Agreement by and between the
Purcaser and Sourcecom, Inc. dated as of July 16, 1997. *
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* Previously filed with the Registrant's Form 8-K filed on August 26, 1997.
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