Videolan Technologies Inc/DE – ‘8-K’ for 1/5/98

As of:  Wednesday, 3/4/98   ·   For:  1/5/98   ·   Accession #:  911959-98-6   ·   File #:  0-26302

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report on Form 8-K                             2±    12K 
 2: EX-99.1     Press Release Dated January 5, 1998                    1      5K 
 3: EX-99.2     Open Letter to Shareholders Dated January 9, 1998      3±    14K 

8-K   —   Current Report on Form 8-K
Document Table of Contents

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): January 5, 1998               

VIDEOLAN TECHNOLOGIES, INC.           
(Exact name of registrant as specified in charter)          

Delaware                 000-26302                611283466                     
(State or other     (Commission File Number)     (IRS Employer                  
jurisdiction or                                   Identification                
incorporation)                                    No.)                          

11403 Bluegrass Parkway, Suite 400                                              
Louisville, Kentucky                                  40299                     
(Address of principal executive offices)            (Zip Code)                  

Registrant's telephone number, including area code: 502) 266-0099               

Not Applicable              
(Former name or former address              
if changed since last report.)              

INFORMATION TO BE INCLUDED IN THE REPORT              

Item 3.   Bankruptcy or Receivership.                                           

On February 17, 1998, Videolan Technologies, Inc., a Delaware         
corporation (the "Company") filed a voluntary petition for relief               
under Chapter 11 Reorganization pursuant to the United States                   
Bankruptcy Code.  The Company will continue to manage its affairs as a          
debtor-in-possession subject to the supervision and orders of the               
bankruptcy court.  As of the date of this report, no plan of                    
reorganization has been filed by the Company and no trustee, examiner           
or other officer has been appointed by the court to manage the affairs          
of the Company.                                                                 

Item 5.   Other Matters.                                                        

On January 5, 1998, the Company issued a news release announcing      
that it would cease operations effective immediately.  The press                
release is included as Exhibit 99.1 to this report.                             

On or prior to January 29, 1998, Norman Barkeley, Achille Tedesco     
and Jack Shirman resigned from their positions as directors of the              
Company.  On February 17, 1998, Don Clark and James Cooney were                 
appointed as directors of the Company effective immediately.                    

On January 9, 1998, the Company mailed an open letter to its          
shareholders to inform the shareholders of the current status of the            
Company.  The text of the letter is included as Exhibit 99.2 to this            
report.                                                                         

By letter dated February 10, 1998, Nasdaq Stock Market, Inc.          
notified the Company that the Company's securities were deleted from            
the Nasdaq Stock Market effective February 10, 1998.                            

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

(a)  Not applicable.                                                  

(b)  Not applicable.                                                  

(c)  Exhibits.                                                        
Exhibit 99.1 -- News Release issued by the Company dated    
January 5, 1998.            
Exhibit 99.2 -- Open letter to shareholders dated January 9,
1998.                       

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 thereunto duly authorized.                            

VIDEOLAN TECHNOLOGIES, INC.   

By:/s/ Steven B. Rothenberg   
Steven B. Rothenberg
          Senior Vice President Finance,
         Treasurer And Chief Financial
Officer             

Date: March 3, 1998           

Dates Referenced Herein

This ‘8-K’ Filing		Date		Other Filings
Filed on:		3/4/98		None on these Dates
		3/3/98
		2/17/98
		2/10/98
		1/29/98
		1/9/98
For Period End:		1/5/98
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