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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): February 8, 2001
METRICOM, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 0-19903 77-0294597
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
333 WEST JULIAN STREET
SAN JOSE, CALIFORNIA 95110
(Address of principal executive offices and zip code)
Registrant's telephone number, including area code: (408) 282-3000
ITEM 5. OTHER EVENTS.
On February 8, 2001, Metricom, Inc., a Delaware corporation (the
"Company"), announced that it was scaling back the deployment of its high-speed
network and that it only had enough funding for its operations and network build
out into the second half of 2001. The Company further stated that, in the
absence of financing, it would not have sufficient resources to continue
operations. The press release announcing the Company's new deployment plans and
financial condition is attached hereto as Exhibit 99.1.
On February 21, 2001, the Company announced that its chairman and chief
executive officer, Timothy A. Dreisbach, had resigned his positions at the
Company. In the announcement, the Company stated that Ralph C. Derrickson has
been named interim chief executive officer. The press release announcing the
resignation and new appointment is attached hereto as Exhibit 99.2.
On March 15, 2001, the Company announced that it was reducing its
workforce by 179 employees and that two of its officers, Robert Mott, Senior
Vice President of Engineering, and James Wall, Chief Financial Officer, had
resigned. David J. Pangburn, the Company's controller, was announced as Mr.
Wall's replacement. The press release announcing the reduction in force and
resignations is attached hereto as Exhibit 99.3
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(C) Exhibits.
EXHIBIT NO. DESCRIPTION
99.1 Press Release of Metricom, Inc, dated as of
February 8, 2001.
99.2 Press Release of Metricom, Inc., dated as of
February 21, 2001.
99.3 Press Release of Metricom, Inc., dated as of
March 15, 2001.
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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.
METRICOM, INC.
Date: March 19, 2001 By: /s/ Dale W. Marquart
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Dale W. Marquart
Vice President and General Counsel
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