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 2, 1999 ANCOR COMMUNICATIONS, INCORPORATED (Exact name of registrant as specified in its charter) Minnesota 1-2982 41-1569659 (State or other jurisdiction of (Commission (I.R.S. Employer incorporation) File Number) Identification No.) 6130 Blue Circle Drive, Minnetonka, MN 55343 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (612) 932-4000 Not Applicable (Former name or former address, if changed since last report.) Item 5. Other Events On June 2, 1999, Ancor Communications, Incorporated (the "Company") announced an original equipment manufacturer agreement to provide the Company's Fibre Channel 8-port switches to Sun Microsystems, Inc. ("Sun") for Sun's StorEdge(TM) arrays. As part of the agreement, the Company issued Sun a warrant (the "Warrant") to purchase up to 1,500,000 shares of the Company's common stock, $.01 par value, at a purchase price of $7.30 per share. The Warrant vests at a rate of one share for each $67.00 of revenue received by the Company from Sun. Item 7. Financial Statements and Exhibits (c) Exhibits 4.1 Form of Warrant, dated June 2, 1999, between Ancor Communications, Incorporated and Sun Microsystems, Inc. 99.1 Press Release, dated June 3, 1999 -2- 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. Date: June 11, 1999 ANCOR COMMUNICATIONS, INCORPORATED By /s/ Steven E. Snyder ---------------------------------- Steven E. Snyder Chief Financial Officer -3- EXHIBIT INDEX Exhibit Description of Exhibit ------- ---------------------- 4.1 Form of Warrant, dated June 2, 1999, between Ancor Communications, Incorporated and Sun Microsystems, Inc. 99.1 Press Release, dated June 3, 1999 -4-