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) February 28, 2006
Glowpoint, Inc.
(Exact name of registrant as specified in its Charter)
Delaware 0-25940 77-0312442
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(State or other jurisdiction (Commission (I.R.S Employer
of incorporation) File Number) Identification No.)
225 Long Avenue Hillside, NJ 07205
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (973) 282-2000
Not Applicable
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(Former name or former address, if changed since last report)
ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF PRINCIPAL OFFICERS.
On March 2, 2006, Glowpoint, Inc. announced the promotion of Michael Brandofino
to Chief Operating Officer with principal responsibility for the implementation
and management of the Company's corporate restructuring plan announced at the
same time. Mr. Brandofino will also continue to serve as the Company's Chief
Technology Officer. The Company also announced that Rod Dorsey, Executive Vice
President and Chief Financial Officer of Glowpoint since December 2004, will be
leaving Glowpoint in April 2006, to pursue other opportunities. Edwin F. Heinen,
54, Glowpoint's Vice President, Controller since March 2, 2005, will become the
acting Chief Financial Officer upon Mr. Dorsey's departure. Prior to joining
Glowpoint, Mr. Heinen was the Chief Financial Officer of Communications Network
Enhancement, Inc., a private audio conferencing company, from September 2001 to
February 2005. Prior thereto, he was the Chief Accounting Officer at Wall Street
Rarities. A copy of the press release announcing the changes in management is
attached to this Form 8-K as Exhibit 99.1
ITEM 8.01 OTHER EVENTS
On March 2, 2006, Glowpoint announced a corporate restructuring plan designed to
reduce ongoing expenses with the goal of being cash flow positive by the end of
fiscal 2006, or earlier if additional items currently under consideration are
adopted. A copy of the press release announcing the restructuring plan is
attached to this Form 8-K as Exhibit 99.1
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial Statements of Businesses Acquired. Not Applicable.
(b) Pro Forma Financial Information. Not Applicable.
(c) Exhibits
Exhibit No. Description
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Exhibit 99.1 Press release dated March 2, 2006
announcing GlowPoint's changes in management
and corporate restructuring.
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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 hereunto duly authorized.
GLOWPOINT, INC.
BY: /s/ David C. Trachtenberg
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David C. Trachtenberg
Chief Executive Officer and President
Date: March 2, 2006
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