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
August 7, 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)
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ITEM 5. OTHER EVENTS
On August 7, 2002, Sorrento Networks Corporation received notification
from the Nasdaq Stock Market that it is not in compliance with the National
Market's listing maintenance standard regarding minimum bid prices. In
accordance with that rule, Sorrento has 90 days to regain compliance with its
stock trading above $1 for 10 consecutive trading days.
Sorrento's Board of Directors is evaluating various options to address
this issue.
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: August 9, 2002 By: /s/ Joe R. Armstrong
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Joe R. Armstrong
Chief Financial Officer
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