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: May 5, 1998
PARADIGM TECHNOLOGY, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-26124 770140882-5
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification Number)
694 Tasman Drive, Milpitas, CA 95035
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(Address of principal executive offices) (Zip Code)
(408) 954-0500
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(Registrant's telephone number,
including area code)
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Item 5. Other Events.
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SPECIAL MEETING OF STOCKHOLDERS
On May 1, 1998, Paradigm Technology, Inc. (the "Company") held a
Special Meeting of Stockholders (the "Special Meeting"). At the Special Meeting
all of the proposals submitted to the stockholders were approved. A copy of the
Company's press release announcing the results of the Special Meeting is
attached to this Current Report on Form 8-K.
The stockholders approved an amendment to the Company's Amended and
Restated Certificate of Incorporation to effectuate a ten-for-one reverse stock
split, such that every ten shares of Common Stock shall be combined into one
share of Common Stock (the "Reverse Stock Split"), par value $0.01 per share, by
the following vote:
For : 14,322,778
Against : 762,980
Abstain : 144,268
The stockholders approved an amendment to the Company's Amended and
Restated Certificate of Incorporation to increase the number of authorized
shares of Common Stock of the Company to 50,000,000, par value $0.01 per share,
by the following vote:
For : 13,605,248
Against : 1,395,936
Abstain : 228,842
The Company will take no action to increase the number of
authorized shares of Common Stock of the Company.
Item 7. Financial Statements and Exhibits.
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(a) Financial statements of business acquired.
Not applicable.
(b) Pro forma financial information.
Not applicable.
(c) Exhibits.
99.1 Press Release
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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.
Dated: May 5, 1998
PARADIGM TECHNOLOGY, INC.
By /s/ David G. Campbell
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David G. Campbell
Chief Financial Officer
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EXHIBIT INDEX
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Exhibit No. Description
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99.1 Press Release.
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EXHIBIT 99.1
Paradigm Technology Stockholders Approve Reverse Split
MILPITAS, Calif.--(BUSINESS WIRE)--May 1, 1998--Paradigm Technology Inc.
(Nasdaq:PRDM - news) announced that at a special stockholders' meeting held
Friday at company headquarters in Milpitas, stockholders approved a 10-for-1
reverse stock split of the company's common stock such that every 10 shares
shall be combined into one share of common stock, while retaining 25 million
shares of common stock, authorized (unchanged par value).
Stockholders also approved a second proposal, which will not be implemented, to
increase the number of authorized common shares to 50 million (unchanged par
value). Stockholders of record as of close of business on March 20, 1998, were
entitled to vote at the meeting.
With headquarters in Milpitas, Paradigm Technology designs and markets
high-speed, high-density SRAM semiconductor devices to meet the needs of
advanced telecommunications, networking, workstations, high-performance PCS,
advanced modems and complex military/aerospace applications.
The company focuses on high-performance, sub-10ns SRAMs where its technology and
product design leadership in high-speed and high- density semiconductors can
best be utilized.
Paradigm can be reached on the World Wide Web at www.prdm.com.
Contact:
Paradigm Technology Inc., Milpitas
Michael Gulett, 408/954-0500
or
Self & Associates, Calabasas, Calif.
Trudy M. Self, 818/880-5437
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