SOFTNET SYSTEMS INC
8-K, 2000-08-25
TELEPHONE INTERCONNECT SYSTEMS
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                                  UNITED STATES
                       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): August 11, 2000

                          Commission file number 1-5270

                              SOFTNET SYSTEMS, INC.
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             (Exact name of registrant as specified in its charter)



               Delaware                                     11-1817252
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    (State or other jurisdiction of                      (I.R.S. Employer
    incorporation or organization)                    Identification Number)


                         650 Townsend Street, Suite 225
                         San Francisco, California 94103
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                    (Address of principal executive offices)


                                 (415) 365-2500
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              (Registrant's telephone number, including area code)

                                       N/A

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          (Former name or former address, if changed since last report)


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<PAGE>

Item 5.  Other Events

            On August 11, 2000, the Company  released its earnings for the third
fiscal  quarter ended June 30, 2000. A copy of the press  release  issued by the
Company on August 11, 2000  concerning the foregoing  earnings  release is filed
herewith as Exhibit 99.1 and is incorporated herein by reference.

            On August 14, 2000, the Company announced that Ian Aaron resigned as
an officer and director of the Company.  A copy of the press  release  issued by
the Company on August 14, 2000  concerning  the foregoing  resignation  is filed
herewith as Exhibit 99.2 and is incorporated herein by reference.

            On August 16, 2000, the Company  announced a stock buy-back program.
A copy of the press release issued by the Company on August 16, 2000  concerning
the foregoing  stock  buy-back  program is filed herewith as Exhibit 99.3 and is
incorporated herein by reference.

Item 7.   Financial Statements, Pro Forma Financial Information and Exhibits

     (c)  Exhibits.  The  following  document  is  filed as an  exhibit  to this
          report:

          1.   Exhibit 99.1 - Press Release dated August 11, 2000.

          2.   Exhibit 99.2 - Press Release dated August 14, 2000.

          3.   Exhibit 99.3 - Press Release dated August 16, 2000.





<PAGE>



                  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.


                                                 SoftNet Systems, Inc.
                                                 -------------------------
                                                 (Registrant)

Date:  August 25, 2000                           By: /s/ Lawrence B. Brilliant
                                                 ------------------------
                                                 Lawrence B. Brilliant

                                                 Chairman of the Board and
                                                 Chief Executive Officer


<PAGE>


                              SoftNet Systems, Inc.

                                  Exhibit Index

                                   to Form 8-K

             Exhibit No.             Description

                      99.1           Press Release dated August 11, 2000.
                      99.2           Press Release dated August 14, 2000.
                      99.3           Press Release dated August 16, 2000.




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