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): October 1, 2007
Dot Hill Systems Corp.
(Exact name of registrant as specified in its charter)
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Delaware
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1-13317
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13-3460176 |
(State or other jurisdiction of
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(Commission File Number)
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(I.R.S. Employer |
incorporation)
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Identification No.) |
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2200 Faraday Avenue, Suite 100, Carlsbad, CA
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92008 |
(Address of principal executive offices)
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(Zip Code) |
Registrants telephone number, including area code: (760) 931-5500
Not applicable.
(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 (see General Instruction
A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 1.01 Entry into a Material Definitive Agreement.
On October 1, 2007, we entered into a Technology License Agreement (the License Agreement) with
Network Appliance, Inc. (NetApp), and on October 2, 2007, we entered into a Second Amendment (the
Second Amendment) to our Development and OEM Supply Agreement with NetApp and Network Appliance
Holding and Manufacturing B.V. (the NetApp Agreement).
The Second Amendment adds an additional general purpose disk array product to the NetApp Agreement
that will enhance current offerings and extends the expiration date of the initial term of the
NetApp Agreement by approximately 9 months. In addition, the initial 18-month period following
first customer shipment of an initial NetApp product during which NetApp had agreed to purchase its
requirements of certain specified products from us has been modified so that this period will now
be for approximately 30 months after first customer shipment of an initial NetApp product (the
Initial Purchase Period). Furthermore, the 12-month period following the Initial Purchase Period
during which NetApp had agreed to purchase certain of its requirements for such products has been
extended to a period of 15 months following the Initial Purchase Period (the Additional Purchase
Period).
The License Agreement provides that, during the Initial Purchase Period and Additional Purchase
Period (collectively, the Time Commitment Period), NetApp may, instead of acquiring certain
specified products from us, manufacture and sell during the Time
Commitment Period up to a certain
minority percentage of its requirements obligations for such specified products provided, however, that NetApp pays to us an agreed
royalty with respect to such specified products. Also, subject to our prior written agreement with
NetApp on an applicable royalty, if any, to be paid by NetApp to us, NetApp may also sell,
distribute, service and support during the Time Commitment Period products which are derived from
such specified products that incorporate our intellectual property.