**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**

 

**October 20, 2005**

Date of Report (Date of earliest event reported)

 

**EXABYTE CORPORATION**

(Exact name of registrant as specified in its charter)

 

| Delaware                                       |   | 0-18033                  |   | 84-0988566                        |
|------------------------------------------------|--------|--------------------------|--------|-----------------------------------|
| (State or other jurisdiction of incorporation) |   | (Commission File Number) |   | (IRS Employer Identification No.) |

 

 

**2108 55th Street**

**Boulder, Colorado 80301**

(Address of principal executive offices)

 

**(303) 442-4333**

Registrant’s telephone number, including area code

 

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:

 

o Written communications pursuant to Rule 425 under the Securities Act

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

 

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

 

 

 

 

INFORMATION TO BE INCLUDED IN THE REPORT

 

**SECTION 8 – OTHER EVENTS**

 

|   | **Item 8.01  Other Events** |
|--------|-----------------------------|

 

Exabyte Corporation plans to effect a reverse stock split of its common stock (par value $.001 per share) that will combine every ten (10) outstanding shares of common stock before the split into one (1) outstanding share of common stock after the split. As currently planned, the reverse split will apply to the trading of shares of Exabyte common stock at and after the opening of business on Monday, October 31, 2005. The reverse stock split will be made in connection with a proposed financing and other actions being taken to improve Exabyte’s operating results and liquidity.

 

The reverse stock split will not change the number of authorized shares of common stock. 

 

As of October 31, 2005, each certificate representing shares of Exabyte common stock before the reverse stock split will represent the reduced number of shares of common stock resulting from the split. Exabyte’s transfer agent will act as an exchange agent for the exchange of old stock certificates for new stock certificates reflecting the adjusted number of outstanding shares of Exabyte common stock.

 

There is no assurance that the proposed financing and other actions will be completed at any time. Exabyte may withdraw notice of the reverse stock split and not affect the reverse stock split at the time and on the date specified above.

 

 

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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 hereto duly authorized.

 

|   |             |   |   | EXABYTE CORPORATION                             |
|--------|------------------|--------|--------|-------------------------------------------------|
|   |             |   |   | (Registrant)                                    |
|   |             |   |   |                                            |
| Date   | October 20, 2005 |   | By     | /s/ Carroll A. Wallace                          |
|   |             |   |   | Carroll A. Wallace                              |
|   |             |   |   | Chief Financial Officer and Corporate Secretary |

 

 

 

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