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)
November 12, 2003
VIEWPOINT CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 0-27168 95-4102687
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(state or other juris- (Commission (I.R.S. Employer
diction of incorporation) File Number) (Identification No.)
498 Seventh Avenue, Suite 1810, New York, NY 10018
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 201-0800
N/A
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(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE
Viewpoint Corporation closed a private placement of common stock with
Federal Partners, L.P. on November 12, 2003 under which Viewpoint issued
3,125,000 shares of common stock at $0.80 per share (for an aggregate
purchase price of $2,500,000) and agreed to register the issued shares
under the Securities Act of 1933. For a complete description of the
transaction, reference is made to the Stock Purchase Agreement and the
Registration Rights Agreement attached hereto as Exhibits 10.1 and 10.2.
The Clark Estates, Inc. provides management and administrative services to
Federal Partners and has the sole power to vote or to direct the vote and
to dispose of or direct the disposition of all shares held by Federal
Partners.
Stephen M. Duff is a director of Viewpoint and is the Chief Investment
Officer of The Clark Estates, Inc.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
The following exhibits are filed herewith:
10.1 Stock Purchase Agreement, dated as of November 12, 2003, by and
between Viewpoint Corporation and Federal Partners, L.P.
10.2 Registration Rights Agreement, dated as of November 12, 2003, by and
between Viewpoint Corporation and Federal Partners, L.P.
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.
VIEWPOINT CORPORATION
/s/ William H. Mitchell
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William H. Mitchell
Chief Financial Officer
Dated: November 13, 2003