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): June 28, 2002
MangoSoft, Inc.
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(Exact name of registrant as specified in its charter)
Nevada 0-30781 87-0543565
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
1500 West Park Drive, Suite 190, Westborough, MA 01581
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(Address of principal executive offices)
Registrant's telephone number, including area code: (508) 871-7300
Item 5. Other Events.
Effective June 28, 2002, the Registrant implemented an approximate 50%
reduction in its work force. The remaining twenty (20) will take a ten percent
reduction in salary.
In an unrelated matter, MangoSoft, Inc. has retained Adams, Harkness &
Hill, Inc., an investment bank, to provide investment banking and financial
advisory services.
Certain statements included in this report are forward-looking statements
that may involve a number of risks and uncertainties. Actual results may vary
significantly based on a number of factors, including but not limited to, risks
detailed in MangoSoft, Inc.'s filings with the Securities and Exchange
Commission.
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.
MANGOSOFT, INC.
By: /s/ Robert E. Parsons
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Robert E. Parsons
Chief Financial Officer
Date: July 01, 2002