UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
May 1, 2003
Date of Report (Date of earliest event reported)
Sonic Foundry, Inc.
(Exact name of registrant as specified in its chapter)
Maryland 1-14007 39-1783372
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1617 Sherman Ave, Madison, WI 53704 (608) 256 - 3133
(Address of principal executive offices) (Registrant's telephone number)
Item 5. Other Events and Regulation FD Disclosure.
On May 2, 2003, Sonic Foundry, Inc. ("Sonic") announced it had reached an
agreement to sell all of Sonic's desktop software products and related assets
for $18 million cash and assumption of certain trade payables, accrued
liabilities and capital leases associated with the desktop software business.
See attached press release at exhibit 99.2.
Item 9. Regulation FD Disclosure
On May 1, 2003, Sonic reported fiscal 2003, second quarter and six month
financial results. See attached press release at exhibit 99.1.
EXHIBIT LIST
NUMBER DESCRIPTION
------ -----------
99.1 Press release dated May 1, 2003 regarding the reporting of fiscal 2003
second quarter and six month financial results
99.2 Press release dated May 2, 2003 regarding the announcement of an
agreement to sell all desktop software products and related assets.
SIGNATURE
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.
Sonic Foundry, Inc.
-------------------
(Registrant)
May 6, 2003 By: /s/ Kenneth A. Minor
--------------------
Kenneth A. Minor
Chief Financial Officer