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): August 7, 2001
SORRENTO NETWORKS CORPORATION
(Exact name of Registrant as specified in charter)
Commission File number: 0-15810
New Jersey 22-2367234
(State or other jurisdiction of incorporation or (IRS Employer Identification Number)
organization)
9990 Mesa Rim Road
San Diego, California 92121
(Address of principal executive offices) (Zip Code)
(858) 558-3960
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
As disclosed in our recent preliminary S-3 filing, on August 7, 2001,
holders of outstanding Series A Preferred Stock of our Sorrento Networks, Inc.
subsidiary ("SNI"), obtained a temporary restraining order that prohibits SNI
from, among other things, the issuance of additional shares of Series A stock. A
hearing was held on August 29, 2001 in the Court of Chancery in Delaware, on the
shareholders' motion to enter a preliminary injunction. The Court has taken the
motion under advisement and a decision is expected in the near future.
Management does not believe that this lawsuit will prevent the Company from
funding the continuing operations of SNI.
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.
SORRENTO NETWORKS CORPORATION
DATE: September 5, 2001 By: /s/Joe R. Armstrong
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Joe R. Armstrong
Chief Financial Officer
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