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): July 30, 2002. COMMISSION FILE NUMBER 0-23111 A NOVO BROADBAND, INC. (Name of Small Business Issuer in Its Charter) DELAWARE 31-1239657 (State or Other Jurisdiction of (I.R.S. Employer Incorporation or Organization) Identification No.) 196 QUIGLEY BLVD., NEW CASTLE, DELAWARE 19720 (Address of Principal Executive Offices) (Zip Code) ITEM 5. OTHER ITEMS. On July 30, 2002, we suspended operations in our Ohio and California facilities and reduced our employee head count significantly. In doing so, we have reevaluated our approach to multiple service centers in response to the current economic conditions of the industry and some of our key customers. We anticipate utilizing the excess capacity in our two remaining facilities in Delaware and Florida to service our customers. By taking these steps, we anticipate a reduction of cost without an adverse effect on revenues, and thus we believe we will increase our available cash and liquidity. We will maintain the leases in California and Ohio until we can sublet the facilities or market conditions warrant restarting operations. SIGNATURES In accordance with Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Dated: August 5, 2002 A NOVO BROADBAND, INC. By: /s/ Steve Easterday ----------------------------------------------- Steve Easterday Vice President and Principal Financial Officer