FOCUS Enhancements 8-K 2008
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) September 22, 2008
Registrant’s telephone number, including area code (408) 866-8300
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events.
As previously disclosed in Item 1.03 of Form 8-K filed on September 17, 2008, Focus Enhancements (the “Company”) filed a voluntary petition, on September 16, 2008, for relief under Chapter 11 of the United States Bankruptcy Code (“Chapter 11”) in the United States Bankruptcy Court for the Northern District of California.
In connection with the Company’s reorganization under Chapter 11, the Company has taken action to reduce its worldwide workforce by approximately 45 employees, primarily associated with its Ultra Wideband development. The Company expects its worldwide workforce to be approximately 100 employees by October 31, 2008.
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.
FOCUS ENHANCEMENTS, INC.
Date: September 26, 2008 By: /s/ Gary L. Williams
Gary L. Williams
Executive VP of Finance and ChiefFinancial Officer