SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of report (Date of earliest event reported)
August 27, 2010
(Exact name of registrant as specified in its charter)
(State or Other Jurisdiction
500 Nickerson Road
|(Address of Principal Executive Offices)||(Zip Code)|
Registrants Telephone Number, Including Area Code
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
|¨||Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)|
|¨||Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)|
|¨||Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))|
|¨||Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))|
|Item 8.01.||Other Events|
On August 18, 2010, Columbia Pacific Opportunity Fund, L.P., Columbia Pacific Advisors LLC, Alexander B. Washburn, Daniel R. Baty, Stanley L. Baty and Brandon D. Baty (collectively Columbia Pacific) filed that certain Amendment No. 2 (the Columbia Amendment) to the Schedule 13-D filed by Columbia Pacific, with the Securities and Exchange Commission on April 20, 2010, as amended, with respect to Columbia Pacifics ownership of Class A Common Stock of Bitstream, Inc. (the Company).
On August 20, 2010, NV North American Opportunity Fund, Millenium Group LLC, Trent Stedman and Thomas Patrick (collectively Millenium) filed that certain Amendment No. 4 and that certain Amendment No. 5 (the Millenium Amendments) to the Schedule 13-D filed by Millenium, Highland Partners Fund LP and HPP GP LLC, with the Securities and Exchange Commission on May 1, 2009, as amended, with respect to Milleniums ownership of Class A Common Stock of the Company. The Columbia Amendment and the Millenium Amendments hereinafter, collectively, referred to as the Amendments.
Pursuant to the Amendments, Columbia Pacific and Millenium reported their intention to actively encourage the Company to begin exploring a potential sale of the Company to a third party. In furtherance of that intent, each of Columbia Pacific and Millenium delivered letters to the Chairman of the board of directors of the Company (the Board) indicating their desire that, among other things, the Board form a non-executive committee for the purposes of exploring a potential sale of the Company.
On August 27, 2010, the Chairman of the Board on behalf of the Company, delivered letters to Columbia Pacific and Millenium in response to their above-referenced proposal and requests. Copies of the Companys letters are furnished herewith as Exhibits 99.1 and 99.2, respectively.
|Item 9.01||Financial Statements and Exhibits|
|99.1||Letter to Columbia Pacific dated August 27, 2010.|
|99.2||Letter to Millenium dated August 27, 2010.|
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 THEREUNTO DULY AUTHORIZED.
|Date: August 27, 2010||By:||/s/ James P. Dore|
James P. Dore
Vice President and Chief Financial Officer