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): January 26, 1995
NETWORK SYSTEMS CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 0-9691 41-1231031
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(State of or (Commission File Number) (IRS Employer
other jurisdiction Identification No.)
of incorporation)
7600 Boone Avenue North, Minneapolis, MN 55428
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(Address of principal executive offices)
612-424-4888
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(Registrant's telephone number)
Item 5. OTHER EVENTS.
1994 Financial Results.
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The Company issued a press release on January 26, 1995 announcing its 1994
financial results. A copy of this press release is attached as an exhibit to
this Report and is incorporated by reference herein.
Class Action Lawsuit.
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The Company issued a press release dated January 27, 1995 announcing that the
Company had received notice that a complaint had been filed against the Company
and its directors in Delaware Chancery Court alleging that the directors
breached their fiduciary duty in connection with the pending merger between the
Company and Storage Technology Corporation. The complaint asserts that it was
filed on behalf of the Company's stockholders and seeks to enjoin the
consumation of the merger with StorageTek or, in the event the merger is
consumated, to recover damages. A copy of this press release is attached as an
exhibit to this Report and is incorporated by reference herein.
Item 7. EXHIBITS
99.1 Press Release dated January 26, 1995.
99.2 Press Release dated January 27, 1995.
SIGNATURE
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.
NETWORK SYSTEMS CORPORATION
Date: January 27, 1995 By:
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Malcolm D. Reid
Vice President, Secretary
and General Counsel