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
September 19, 2002
Date of Report
(Date of earliest event reported)
SORRENTO NETWORKS CORPORATION
(Exact name of Registrant as specified in charter)
NEW JERSEY
(State or other jurisdiction of incorporation)
0-15810 22-2367234
(Commission File No.) (IRS Employer Identification Number)
9990 Mesa Rim Road
San Diego, California 92121
(Address of Principal Executive Office)
(858) 558-3960
(Registrant's telephone number, including area code)
ITEM 5. OTHER EVENTS
On September 18, 2002, Sorrento Networks Corporation received notification
from the Nasdaq Stock Market that it is not in compliance with the National
Market's listing maintenance standards regarding minimum net tangible assets or
minimum shareholder's equity set forth in Marketplace Rule 4450(a)(3). The
Company had previously disclosed its lack of compliance with this listing
standard in its Report on Form 10Q for the quarter ended July 31, 2002. The
Company was requested to submit a plan to achieve and sustain compliance with
all Nasdaq National Market listing requirements on or before October 3, 2002, to
facilitate the Nasdaq Staff's review of the Company's eligibility for continued
listing on the Nasdaq National Market.
The Company intends to comply with the Nasdaq Staff's request and submit
the requested plan in a timely manner.
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.
SORRENTO NETWORKS CORPORATION
DATE: September 19, 2002 By: /s/ Joe R. Armstrong
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Joe R. Armstrong
Chief Financial Officer
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