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)
October 10, 2003
DYNABAZAAR, INC.
(Exact Name of Registrant as Specified in Charter)
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Delaware |
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000-29423 |
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04-3551937 |
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(State or Other Jurisdiction |
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(Commission File Number) |
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(IRS Employer |
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500 Unicorn Park Drive, Woburn, Massachusetts 01801 |
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(Address of Principal Executive Offices) (Zip Code) |
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Registrant’s telephone number, including area code: (781) 376-5600 |
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Item 5. Other Events and Required FD Disclosure
On October 10, 2003, Dynabazaar, Inc. (the “Company”) issued a press release announcing that it has declared a cash dividend of $1.30 per share on the Company’s common stock, representing an aggregate cash distribution of approximately $35 million. The dividend is payable on November 3, 2003 to stockholders of record on October 20, 2003.
The Company also announced that it has repurchased the 952,380 shares of the Company’s series B preferred stock held by eBay Inc. (which represents all of the shares of series B preferred stock) at a cash repurchase price of $1.54 per share, or $1,466,665.20 in the aggregate. As a result, the series B preferred stock is no longer outstanding and will not participate in the cash dividend declared on the Company’s common stock.
The press release issued by the Company with respect to the announcement of the above-described matters is attached hereto as Exhibit 99.1 and is hereby incorporated herein by reference in its entirety.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Not applicable
(b) Not applicable
(c) Exhibits
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Exhibit 99.1 |
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Press Release of Dynabazaar, Inc. dated October 10, 2003 |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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DYNABAZAAR, INC. |
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Date: October 10, 2003 |
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By: |
/s/ Janet Smith |
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Name: |
Janet Smith |
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Title: |
Chief Financial Officer |
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EXHIBIT INDEX
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Exhibit No. |
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Description |
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Exhibit 99.1 |
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Press Release of Dynabazaar, Inc. dated October 10, 2003 |
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