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) March 13, 2002 --------------------------- TeraForce Technology Corporation -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 0-11630 76-0471342 -------------------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 1240 East Campbell Road, Richardson, Texas 75081 -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (469) 330-4960 ------------------------------ 1 ITEM 5. OTHER EVENTS. On March 13, 2002 the Company issued the press released attached as exhibit 10.1 concerning the settlement of certain litigation. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (a) Financial Statements of Business to Be Acquired: N/A (b) Pro Forma Financial Information: N/A (c) Exhibits: Exhibit Description of Exhibit ------- ---------------------- 99.1 Press release issued March 13, 2002 2 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. TeraForce Technology Corporation -------------------------------------- (Registrant) Date: March 15, 2002 By: /s/ Herman M. Frietsch ------------------------ ---------------------------------- (Signature) Herman M. Frietsch Chairman of the Board and CEO 3 EXHIBIT INDEX Exhibit Description of Exhibit ------- ---------------------- 99.1 Press Release issued March 13, 2002 4