UNITED STATES
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 28, 2003
Concurrent Computer Corporation
-------------------------------
(Exact name of registrant as specified in its charter)
Delaware
--------
(State or other jurisdiction of incorporation)
0-13150
-------
(Commission File Number)
04-2735766
----------
(IRS Employer Identification Number)
4375 River Green Parkway, Duluth, Georgia 30096
-----------------------------------------------
(Address of principal executive offices)
Registrant's telephone number, including area code: (678) 258-4000
Not Applicable
--------------
(Former Name or Former Address, if Changed Since Last Report)
ITEM 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits
The following exhibit is filed herewith:
EXHIBIT NO. DESCRIPTION
----------- -----------
99.1 - Transcript of Conference call held by Concurrent Computer
Corporation on August 21, 2003.
ITEM 12. Results of Operations and Financial Condition.
On August 21, 2003, Concurrent Computer Corporation held a conference call
reporting financial results for the quarter ended June 30, 2003 and for the year
ended June 30, 2003. A copy of this exhibit is being furnished as Exhibit 99.1
to this current report on Form 8-K and is incorporated herein by reference.
Concurrent Computer Corporation uses net loss charges including
restructuring charges, tax settlement charges and impairment charges as an
operating measure. Concurrent Computer Corporation reports net loss and
operating expenses excluding certain non-recurring items as an alternative
financial measure of core operating performance. Concurrent's management
believes that the net loss and operating expenses excluding certain
non-recurring charges provide meaningful supplemental information regarding
Concurrent's core operating results because amounts are excluded that are not
necessarily related to Concurrent's core operating results. Concurrent's
management refers to these measures excluding certain non-recurring charges in
assessing the performance of Concurrent's ongoing operations and for planning
and forecasting in future periods. These non-GAAP financial measures also
facilitate management's internal comparisons to Concurrent's historical
operating results. In addition, Concurrent has historically reported similar
non-GAAP financial measures and believes that the inclusion of comparative
numbers provides consistency in its financial reporting. Concurrent believes
that the most directly comparable GAAP financial measures to net loss and
operating expenses excluding certain non-recurring charges are the lines on
Concurrent's consolidated statements of operations entitled "net loss" and
"total operating expenses" respectively. Concurrent also discusses net loss
excluding certain non-recurring charges on a per share basis.
-2-
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.
Dated: August 28, 2003.
CONCURRENT COMPUTER CORPORATION
By: /s/ Steven R. Norton
-------------------------------------
Steven R. Norton
Executive Vice President, Chief Financial
Officer and Secretary
-3-
EXHIBIT INDEX
EXHIBIT NUMBER AND DESCRIPTION
------------------------------
99.1 Transcript of Conference call held by Concurrent Computer Corporation
on August 21, 2003.
-4-