8X8 Inc/DE – ‘8-K’ for 5/19/00

On:  Friday, 5/26/00   ·   For:  5/19/00   ·   Accession #:  891618-0-3059   ·   File #:  0-21783

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         4     12K 
 2: EX-10.1     Material Contract                                     23     86K 
 3: EX-10.2     Material Contract                                     11     46K 

8-K   —   Current Report
Document Table of Contents

8-K
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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): MAY 19, 2000

 8X8, INC.
(Exact name of registrant as specified in its charter)

DELAWARE
(State of Other Jurisdiction of Incorporation)

 333-15627                                  77-0142404
       (Commission File Number)             (IRS Employer Identification Number)

2445 MISSION COLLEGE BLVD.
 SANTA CLARA, CA 95054
 (Address of principal executive offices including zip code)

(408) 727-1885
(Registrant's telephone number, including area code)

NOT APPLICABLE
 (Former Name or Former Address, if Changed Since Last Report)

================================================================================

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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.                                   

On May 19, 2000, 8x8, Inc. (the "Company") entered into an Asset
Purchase Agreement (the "Sale Agreement") with Interlogix, Inc. ("Buyer")       
providing for the sale of certain assets comprising the Company's video         
monitoring business (the "Business") to Buyer. The assets sold included certain 
accounts receivable, inventories, technical information, machinery, equipment,  
contract rights, intangibles, records and supplies. Concurrently with the       
execution of the Asset Purchase Agreement, the Company and Buyer entered into a 
Technology License Agreement providing for the licensing of certain related     
intellectual property to Buyer, a Development Agreement providing for Buyer's   
continuing rights in certain products to be developed by the Company, a         
Transition Services Agreement providing for certain services to be rendered by  
the Company to Buyer in respect of the Business, and a Supply Agreement         
providing for the continuing sale of certain products to Buyer by the Company.  
The closing of the sale of assets contemplated by the Sale Agreement was        
effected concurrently with the execution of the Agreement.                      

        Buyer has no material relationship with the Company or, to the knowledge
of the Company, with any of its affiliates, directors, officers or their        
associates.                                                                     

   The aggregate purchase price paid by Buyer under the Sale Agreement
consisted of $4.75 million in cash and a deferred payment of $750,000. The      
deferred payment is subject to post-closing adjustment based upon levels of     
inventories, accounts receivable, trade payables and certain other factors. No  
additional consideration was paid by Buyer under the Technology License         
Agreement.                                                                      

ITEM 7. FINANCIAL STATEMENTS, PRO FORMA INFORMATION AND EXHIBITS                

(c) Exhibits.                                                   

See the attached Exhibit Index.                                 

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SIGNATURES

Pursuant to the requirement of the Security Exchange Act of 1934, the Registrant
has duly caused this report to be signed on its behalf by the undersigned       
thereunto duly authorized.                                                      

Date:  May 25, 2000                                                             

8X8, INC.                   
(Registrant)                

By:     /s/ DAVID M. STOLL        
                         -----------------------------------------------------
David M. Stoll              
                         Chief Financial Officer and Vice President of Finance
                (Principal Financial and Accounting Officer)

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 EXHIBIT INDEX

                                                                [Download Table]

                                                                     
Exhibit Number        Description                                    
--------------        -----------                                    
10.1                  Asset Purchase Agreement dated May 19, 2000    

10.2                  Technology License Agreement dated May 19, 2000

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘8-K’ Filing		Date		First		Last			Other Filings
Filed on:		5/26/00
		5/25/00		3
For Period End:		5/19/00		1		4			8-K
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