SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): June 21, 2002
TII NETWORK TECHNOLOGIES, INC.
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(Exact Name of Registrant as Specified in Charter)
DELAWARE
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(State of Incorporation)
1-8048 66-0328885
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(Commission File No.) (IRS Employer Identification No.)
1385 Akron Street, Copiague, New York 11726
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(Address of Principal Executive Offices) (Zip Code)
(631) 789-5000
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(Registrant's telephone number, including area code
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events
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On June 21, 2002, the Company reacquired all of its previously
outstanding Series C Convertible Redeemable Preferred Stock in exchange for $1.2
million in cash and issued a three-year warrant to purchase 750,000 shares of
its common stock at an exercise price of $1.00 per share for a period of three
years. A copy of the Company's press release with respect to the transaction is
attached to this Report as Exhibit 99.1.
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 The Company's Press Release dated June 24, 2002.
SIGNATURES
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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.
TII NETWORK TECHNOLOGIES, INC
Date: June 21, 2002 By: /s/ Kenneth A. Paladino
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Kenneth A. Paladino,
Vice President-Finance, Treasurer and
Chief Financial Officer
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EXHIBIT INDEX
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Exhibit
Number Description
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99.1 The Company's Press Release dated June 24, 2002.
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