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)
October 14, 1995
XIOX CORPORATION
(Exact name of registrant as specified in its charter)
577 Airport Boulevard, Suite 700, Burlingame, California 94010
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (415) 375-8188
Delaware 0-15797 95-3824750
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(State or other (Commission (IRS Employer
jurisdiction File Number) Identification
of incorporation) Number
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ITEM 2. Acquisition or Disposition of Assets
On October 14, 1995 XIOX Corporation ("Seller") sold the sales,
installation and servicing business and related assets of Seller's Gemini
Telemanagement Systems ("GTS") and RBC Systems ("RBC") business to Richard Alter
("Purchaser") in exchange for a payment of $52,254.95 and assumption by
Purchaser of the obligations of Seller existing on October 1, 1995 to provide
services under warranties extended to purchasers of GTS systems or RBC systems
and related products and service contracts totaling $109,236 in deferred
revenue. Purchaser also entered into a Customer agreement with Seller appointing
Purchaser a distributor of Seller's products. Purchaser is an officer and
director of Seller.
ITEM 7. Financial Statements and Exhibits.
The transaction discussed in Item 2 is to be accounted for as a sale
of certain assets in exchange for a payment of $52,254.95 and release of
deferred service revenue liability resulting in a one-time extra ordinary gain
of $109,236.
Financial statements for the period ending September 30, 1995 will be
filed within 60 days and will be adjusted to give effect to the proceeds of the
sale recorded in October, 1995.
(c). Exhibits
2.6 Sale and Purchase of Assets Agreement*
The following schedules and attachments to such
agreement have been omitted and will be furnished to
the Commission upon request:
Exhibit 5.2.b Bill of Sale dated October 14, 1995
Exhibit 2.3.a Promissory Note
Exhibit 6.1.d Additional Inventory
Schedule 1.1 Accounts Receivable
Schedule 1.2 Assets of the Business
Schedule 1.7 Inventory
Schedule 1.8 Support Assets
Schedule 1.9 Warranty/Sales Obligations
Exhibit 5.2.i Customer Agreement
* Confidential treatment requested for portions of this
Exhibit.
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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
XIOX CORPORATION
October 27, 1995 By
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Melanie D. Reid
Vice-President, Finance and
Chief Financial Officer
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