UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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 10, 2000
OVERLAND DATA, INC.
(Exact name of registrant as specified in its charter)
CALIFORNIA
(State or other jurisdiction of incorporation)
0-22071 95-3535285
(Commission File Number) (IRS Employer Identification No.)
8975 Balboa Avenue, San Diego, California 92123-1599
(Address of principal executive offices, including zip code)
(858) 571-5555
(Registrant's telephone number, including area code)
ITEM 5. OTHER EVENTS.
On January 10, 2000, Overland Data, Inc., a California corporation
(the "Company"), announced that it had signed an asset purchase agreement
with Tecmar Technologies International, Inc. and related entities, under
which Overland will acquire from Tecmar substantially all inventories, fixed
assets, supplies, intellectual property, trademarks and Internet addresses
for approximately $3 million in cash in a pre-packaged bankruptcy plan.
Completion of the transaction is subject to bankruptcy court approval and an
overbid process.
The Registrant's news release dated January 10, 2000 is attached
hereto as Exhibit 99.1 and incorporated by reference herein.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
(i) Exhibit 99.1 - News Release dated January 10, 2000.
SIGNATURES
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.
Date: January 21, 2000 By: /s/ VERNON A. LOFORTI
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Vernon A. LoForti
Vice President, Chief Financial
Officer and Secretary
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INDEX TO EXHIBITS
EXHIBIT NUMBER
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99.1 News Release dated January 10, 2000.
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