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 10, 2001
Nx Networks, Inc.
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(Exact Name of Registrant as Specified in Its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
000-20512 54-1345159
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(Commission File Number) (I.R.S. Employer Identification No.)
13595 Dulles Technology Drive
Herndon, Virginia 22209
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(Address of Principal Executive Offices) (Zip Code)
(703) 742-6000
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(Registrant's Telephone Number, Including Area Code)
Item 5. OTHER EVENTS.
On February 14, 2002, Nx Networks, Inc. (the Company) issued a press
release stating that it has received approval from the U.S. Bankruptcy Court
to sell its business through an auction process. The Company had previously
filed for protection under Chapter 11 of the U. S. Bankruptcy Code on November
1, 2001. The Company has retained RCW Mirus, a Boston investment bank to
market the Company's assets to interested bidders and hopes to finalize the
sale by mid-March, 2002.
A copy of the press release is attached hereto as Exhibit 99.1 and
incorporated herein by reference.
Item 7. EXHIBITS
99.1 Press Release dated February 14, 2002
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.
Nx Networks,Inc.
Date: February 21, 2002 By: /s/ Richard Yalen
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Richard Yalen
Chief Executive Officer