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 and Exchange Act of 1934
Date
of Report (or Date of Earliest Event Reported): March 3, 2006
Trinsic, Inc.
(Exact Name of Registrant as Specified in Its Charter)
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Delaware
(State or Other Jurisdiction
of Incorporation or Organization)
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000-28467
(Commission File Number)
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59-3501119
(I.R.S. Employer Identification
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601 South Harbour Island Boulevard, Suite 220
Tampa, Florida 33602
(Address of Principal Executive Offices)
(813) 273-6261
(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 (see General
Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c)) |
TABLE OF CONTENTS
Section 2
— Financial Information
Item 2.05 Costs Associated with Exit or Disposal Activities
On March 3, 2006
we initiated a reduction in force which terminated the employment of approximately 118 employees. We
expect to incur a one time charge during this quarter of approximately $250,000 consisting primarily
of post termination wages and salaries we intend to pay to those employees and the associated payroll
taxes. Substantially all of those post termination wages will be paid within 60 days following the
reduction in force. In association with the reduction in force we have ceased actively marketing our
IP telephony services. Services to our current IP telephony customers will be unaffected.
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, thereunto duly authorized.
Dated:
March 8, 2006.
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TRINSIC, INC.
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BY: |
/s/ Horace J. Davis, III
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Name: |
Horace J. Davis, III |
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Title: |
Chief Executive Officer |
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A signed original of this Form 8-K has been provided to Trinsic, Inc. and will be retained by
Trinsic, Inc. and furnished to the Securities and Exchange Commission or its staff upon request.