8-K 1 a2026891z8-k.txt FORM 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON DC 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) October 5, 2000 STREAMLINE.COM, INC. -------------------- (Exact Name of Registrant as Specified in Charter) DELAWARE 000-26133 04-3187302 ---------------------------------------- -------------------------------- ------------------------------------- (State or Other Jurisdiction of (Commission File Number) IRS Employer Identification No. Incorporation)

27 DARTMOUTH STREET, WESTWOOD, MA 02090 --------------------------------------- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (781) 407-1900 -------------- ITEM 5. OTHER EVENTS In connection with the merger acquisition of Beacon Home Direct, Inc. (d/b/a Scotty's Home Market) ("Scotty's") by a wholly-owned subsidiary of Streamline completed on January 5, 2000, Streamline issued to Scotty's stockholders shares of its common stock and warrants to purchase shares of its common stock. Pursuant to the terms of the merger agreement, Streamline agreed to register such issued common stock and the common stock issuable upon exercise of the warrants pursuant to a registration statement on Form S-3. In order to be eligible to use Form S-3 for this registration statement, Streamline is herewith filing audited consolidated financial statements for its past three fiscal years as well as an updated Management's Discussion and Analysis of Financial Condition and Results of Operations and certain related items. These consolidated financial statements and other related items give retroactive effect to the merger of Scotty's on January 5, 2000 in a transaction accounted for as a pooling of interests. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. (c) Exhibits Exhibit 23.1 Consent of Independent Accountants by PricewaterhouseCoopers LLP Exhibit 23.2 Consent of Arthur Andersen LLP Exhibit 99.1 Consolidated Financial Statements and Supplementary Data - Consolidated Balance Sheets at December 31, 1998 and January 1, 2000 - Consolidated Statements of Operations for the Years Ended December 31, 1997 and 1998 and January 1, 2000 - Consolidated Statements of Stockholders' Equity (Deficit) for the Years Ended December 31, 1997 and 1998 and January 1, 2000 - Consolidated Statements of Cash Flows for the Years Ended December 31, 1997 and 1998 and January 1, 2000 - Notes to Financial Statements - Report of Independent Accountants by PricewaterhouseCoopers LLP - Reports of Independent Public Accountants by Arthur Andersen LLP - Report of Independent Accountants on Financial Statement Schedule by PricewaterhouseCoopers LLP Exhibit 99.2 Management's Discussion and Analysis of Financial Condition and Results of Operations Exhibit 99.3 Schedule II Valuation and Qualifying Accounts Exhibit 99.4 Selected Financial Information 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. STREAMLINE.COM, INC. By: /s/ Lawrence P. Anderson ------------------------ Name: Lawrence P. Anderson Title: Chief Financial Officer Dated: October 5, 2000

Pro Forma Historical Adjustments (1) Pro Forma ---------- --------------- --------- ASSETS Current assets: Cash, cash equivalents and marketable securities $ 4,817 $ 10,012 $ 14,829 Accounts receivable, net 752 (159) 593 Inventory 1,444 (815) 629 Restricted cash -- 1,600 1,600 Prepaid expenses and other current assets 2,225 (730) 1,495 --------- --------- -------- Total current assets 9,238 9,908 19,146 Property and equipment, net 19,286 (11,598) 7,688 Purchased and capitalized software, net 4,489 (896) 3,593 Goodwill, net of accumulated amortization 684 (684) -- Restricted cash 2,142 -- 2,142 Other assets, net 1,535 (960) 575 --------- --------- -------- Total assets $ 37,374 $ (4,230) $ 33,144 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Capital lease obligations $ 1,606 $ (1,203) 403 Accounts payable 3,498 -- 3,498 Accrued expenses 2,880 -- 2,880 --------- --------- -------- Total current liabilities 7,984 (1,203) 6,781 Long-term portion of capital lease obligations 6,286 (5,567) 719 Stockholders' equity: Common stock 224 -- 224 Additional paid-in capital 102,732 -- 102,732 Treasury stock, at cost (238) -- (238) Accumulated other comprehensive loss (2) -- (2) Accumulated deficit (79,612) 2,540 (77,072) --------- --------- -------- Total stockholders' equity 23,104 2,540 25,644 --------- --------- -------- Total liabilities and stockholders' equity $ 37,374 $ (4,230) $ 33,144

Pro Forma Historical Adjustments (2) Pro Forma ------------ ------------ --------- Revenue: Product and service revenue, net $ 15,997 $ (7,731) $ 8,266 Subscription and delivery fees 684 (168) 516 Advertising, research and marketing fees 639 639 ------------ ------------ ----------- Total revenue 17,320 (7,899) 9,421 Operating expenses: Cost of revenue 11,899 (5,682) 6,217 Fulfillment center operations 10,434 (5,448) 4,986 Sales and marketing 6,937 (3,738) 3,199 Technology systems and development 3,610 (1,260) 2,350 General and administrative 7,591 (2,105) 5,486 ------------ ------------ ---------- Total operating expenses 40,471 (18,233) 22,238 ------------ ------------ ---------- Loss from operations (23,151) 10,334 (12,817) Other income (expense) (19) 508 489 ------------ ------------ ---------- Net loss attributable to common stockholders $ (23,170) $ 10,842 $ (12,328) Basic and diluted net loss per common share $ (1.04) $ (0.55) Shares used in computing basic and diluted net loss per common share 22,302,555 22,302,555

Pro Forma Historical Adjustments (3) Pro Forma ------------ ------------ --------- Revenue: Product and service revenue, net $ 13,162 $ (487) $ 12,675 Subscription and delivery fees 1,017 (22) 995 Advertising, research and marketing fees 1,201 1,201 ------------ ------------ ---------- Total revenue 15,380 (509) 14,871 Operating expenses: Cost of revenue 10,624 (453) 10,171 Fulfillment center operations 9,058 (1,362) 7,696 Sales and marketing 4,987 (383) 4,604 Technology systems and development 3,765 (68) 3,697 General and administrative 7,599 (456) 7,143 ------------ ------------ ---------- Total operating expenses 36,033 (2,722) 33,311 ------------ ------------ ---------- Loss from operations (20,653) 2,213 (18,440) Other income (expense) 1,156 26 1,182 ------------ ------------ ---------- Net loss before extraordinary item $ (19,497) $ 2,239 $ (17,258) Dividends on preferred stock (549) (549) ------------ ------------ ----------- Net loss attributable to common stockholders $ (20,046) $ 2,239 $ (17,807) Basic and diluted net loss per common share $ (1.74) $ (1.54) Shares used in computing basic and diluted net loss per common share 11,545,102 11,545,102

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