SEC NEWS DIGEST Issue 2003-242 December 22, 2003 RULES AND RELATED MATTERS REQUEST FOR COMMENTS ON MEASURES TO IMPROVE DISCLOSURE OF MUTUAL FUND TRANSACTION COSTS On December 18, the Commission issued a release that requests public comment on a number of issues related to the disclosure of mutual fund transaction costs. Specifically, the Commission seeks public comment on whether mutual funds should be required to quantify and disclose to investors the amount of transaction costs they incur; include transaction costs in their expense ratios and fee tables; provide other measures or additional disclosure that would indicate the level of a fund's transaction costs; or some combination of the above. In addition, the Commission requests comment on whether mutual funds should be required to record transaction costs or the portion of those costs that represent soft dollar benefits as an expense in their financial statements. The release also asks for comment on the adequacy of existing requirement for board review of transaction costs. (Rel. 33- 8349; 34-48952; IC-26313; S7-29-03) ENFORCEMENT PROCEEDINGS PHILIP GRATZ, A FORMER STOCKBROKER WHO VIOLATED A FEDERAL COURT PERMANENT INJUNCTION, INDICTED ON MAIL FRAUD, WIRE FRAUD, SECURITIES FRAUD, AND CRIMINAL CONTEMPT CHARGES The Commission, the U.S. Attorney for the Southern District of Florida and the U.S. Postal Inspection Service, Miami Division, announced the unsealing of a twenty-five count Indictment yesterday against Philip R. Gratz, a former stockbroker who conducted business as Phoenix World Wide Enterprises, Inc. (Phoenix). On December 16, a federal grand jury sitting in Miami, Florida, returned an Indictment charging Gratz with nine counts of mail fraud, five counts of wire fraud, four counts of securities fraud, and seven counts of criminal contempt. The maximum penalty for mail, wire, and securities fraud charges is 20 years' imprisonment as to each count; and there is no statutory maximum penalty for criminal contempt. Gratz was arrested at his residence in Marlton, New Jersey. As background, on or about April 30, 1992, the U.S. District Court for the Southern District of Florida in the case of SEC v. Delta Rental Systems, Inc., et al., Case No. 91-2136-CIV-DAVIS (S.D. Fla.) entered a Final Judgment of Permanent Injunction and Other Relief (the Permanent Injunction) against Gratz, which prohibited him from committing future violations of, among others, the antifraud provisions of the federal securities laws. In violation of the Permanent Injunction, from in or around November 1998, to in or around March 2003, Gratz, while doing business as Phoenix, conducted a scheme to defraud in which he raised approximately $8.9 million from various investors located in different states throughout the country, including investors residing in the Southern District of Florida. On March 20, 2003, the Commission filed an emergency civil contempt action against Gratz in the U.S. District Court for the Southern District of Florida in order to put a halt to the scheme. In that action, the Commission charged Gratz with disobeying the provisions in the Permanent Injunction that enjoined him from future violations of the anti-fraud provisions of the federal securities laws. The following day, the Court granted the SEC's request for emergency relief, entered a temporary asset freeze, and appointed a Receiver to take over Phoenix. On May 20, 2003, with Gratz's consent, the Court entered an order on civil contempt sanctions, ordering Gratz to disgorge all ill-gotten gains, imposing an asset freeze, and awarding attorney's fees. On Oct. 22, 2003, with Gratz's consent, the Court entered a Final Judgment on Civil Contempt, ordering Gratz to disgorge $7,236,417, together $60,303.48 as prejudgment interest, which amount represents the proceeds he received. The Commission's filing of its emergency civil contempt action against Gratz in March 2003 was derived from the same activity that led to the indictment. The indictment charges that to carry out his scheme, Gratz solicited individuals to invest money with him in return for guaranteed annual "interest" payments ranging from 25% to 50%. During investor solicitations, Gratz falsely represented to investors, among other things, that he would invest all of their funds in the stock market. In truth, Gratz misappropriated over $3 million in investor funds for his and his family's personal use and benefit, including to purchase, among other things, a luxury home, real estate properties, two Mercedes Benz automobiles, artwork, jewelry and watches and home furnishings. According to the indictment, Gratz induced investors to invest money by making false statements and omissions of material facts concerning, among others, the use of investor funds, the profitability of Gratz's securities trading, and Gratz's prior criminal and disciplinary history. The criminal contempt counts charged in the indictment stem from Gratz's violation of the Permanent Injunction. [SEC v. Delta Rental Systems, Inc., et al., Case No. 91-2136-CIV-DAVIS (S.D. Fla.)] (LR-18516) SEC CHARGES CANADIAN IMPERIAL BANK OF COMMERCE AND THREE EXECUTIVES WITH AIDING AND ABETTING ENRON'S ACCOUNTING FRAUD The Commission today charged Canadian Imperial Bank of Commerce (CIBC) and three of its executives with aiding and abetting Enron Corp.'s securities fraud. The Commission's complaint, filed in U.S. District Court in Houston, alleges that CIBC and the three executives aided and abetted Enron's manipulation of its reported financial results through a series of complex structured finance transactions over a period of several years preceding Enron's bankruptcy. The 34 financings were structured as "asset sales" for accounting and financial reporting purposes, allowing Enron to hide from investors and rating agencies the true extent of its borrowings. Between June 1998 and October 2001, Enron used these disguised loans to increase reported earnings by more than $1 billion, to increase reported operating cash flows by almost $2 billion, and to avoid disclosure of more than $2.6 billion in debt on its financial statements. Enron's alternative, borrowing money using the asset as collateral, would have given Enron access to cash to meet its operating expenses, but carried with it financial reporting consequences -- increased debt, no positive effect on cash flow, and no positive effect on earnings -- that would have had a detrimental impact on Enron's credit rating and stock price. Simultaneously with the filing of the complaint, CIBC consented to entry of a final judgment settling the Commission's action against it. In the consent, CIBC has agreed, without admitting or denying the allegations of the complaint, to the entry of a final judgment permanently enjoining it from future violations of the antifraud, books and records, and internal control provisions of the federal securities laws [Sections 10(b), 13(a), 13(b)(2)(A) and (B), and 13(b)(5) of the Securities Exchange Act of 1934, and Exchange Act Rules 10b-5, 12b-20, 13a-1, 13a- 13 and 13b2-1]. CIBC also has agreed to pay $80 million: $37.5 million in disgorgement, a $37.5 million civil penalty and $5 million in prejudgment interest. The Commission intends to have these funds paid into a court account pursuant to the Fair Fund provisions of Section 308(a) of the Sarbanes-Oxley Act of 2002 (Fair Fund) for ultimate distribution to victims of the fraud. Daniel Ferguson and Mark Wolf, without admitting or denying the Commission's allegations, also consented to the entry of a final judgment that permanently enjoins each from violating the same antifraud, books and records, and internal control provisions of the federal securities laws. In addition, Ferguson has agreed to pay a total of $563,000: disgorgement of $265,000, a penalty of $265,000, and prejudgment interest of $33,000, and has agreed to the entry of an order barring him from serving as an officer or director of a publicly traded company for a period of five years. Wolf, who is no longer employed by CIBC, has agreed to pay a total of $60,000: $27,500 as disgorgement, a penalty of $27,500, and prejudgment interest of $5,000. The Commission will likewise direct those monies to Enron fraud victims pursuant to the Fair Fund provisions. Ian Schottlaender, a former managing director in CIBC's corporate leveraged finance group in New York City, is contesting the matter. As alleged in the Commission's complaint, the financings involved purported transfers of assets from Enron to Enron-sponsored off-balance sheet qualified special purpose entities (QSPEs) or special purpose entities (SPEs). Enron treated these transfers as accounting "sales" pursuant to Financial Accounting Standards Board (FASB) Statements No. 125 and 140, in order to book earnings and recognize operating cash flows, without reporting the associated debt on its financial statements. CIBC organized a syndicate of banks to provide, in the form of debt, the majority of the capitalization of the QSPEs and SPEs. Applicable accounting rules also require that a portion of their capitalization -- nominal in the case of a QSPE and at least three percent in the case of an SPE -- be equity unrelated to Enron and at risk of loss. CIBC provided this outside "equity at risk" to validate the financings. The accounting rules also require that the transferor, Enron, relinquish control over the assets, transferring the risk and rewards of ownership of the assets to the transferees. The complaint further alleges that the transactions met neither the requirement that the equity stake be at risk, nor the requirement that the transferor relinquish control over the asset. With respect to the equity, the complaint alleges that a senior CIBC official directed Schottlaender to obtain commitments from Enron senior management that Enron would support CIBC's equity contribution. In conversations between Andrew Fastow, Enron's CFO, and defendant Schottlaender, Fastow gave Schottlaender "the strongest possible assurances" that CIBC's equity would be repaid. The defendants knew that this "undocumented understanding" could not be disclosed in written deal documents between Enron and CIBC because it would be fatal to the "sale" accounting treatment that was the sole basis for the financings. Within CIBC, the guaranteed equity stake in the Enron transactions was referred to as, among other things, "trust me" equity, a term attributed to Schottlaender. Up to the date Enron filed for bankruptcy, consistent with the assurances, Enron fully repaid CIBC for its equity stake and the promised 15 percent return in each of the financings as they unwound or were settled, even when the assets had lost value. The complaint further alleges that Enron did not relinquish control over the assets. For example, the parties understood that Enron, not CIBC, was responsible for the ultimate disposition of each asset. Consistent with this undocumented understanding, Enron or an Enron affiliate reacquired or refinanced each of the assets before the expiration date of the financing. Similarly, CIBC's return on its equity stake was -- like a loan -- limited to its original investment and a stated yield of generally 15 percent. In the event an asset appreciated beyond CIBC's limited contractual return, Enron structured the financings to receive any further increase in asset value, an increase generally considered a return on equity. The complaint also points to the limited or no due diligence performed in connection with the transfers. According to the complaint, the transactions were in fact a form of asset parking. Both CIBC and Enron described the largest transaction structure as a "short term revolving warehouse facility." The complaint alleges that although CIBC officials had concerns over whether Enron had "financially engineered" a large portion of its profits, CIBC was determined to achieve status as one of Enron's elite "Tier I" of banks. CIBC earned approximately $18 million in fees from the fraudulent financings. The disgorgement award of $37.5 million includes all the fees from the fraudulent transactions, as well as all "relationship" fees from any other transactions occurring at or after the date of the first fraudulent transaction. CIBC's civil penalty also is based upon the total fees CIBC received from Enron from 1998 until Enron's demise. The Commission brought this action in coordination with the U.S. Department of Justice Enron Task Force, the Federal Reserve Bank of New York, and the Canadian Office of the Superintendent of Financial Institutions. The Commission's investigation is continuing. [SEC v. Canadian Imperial Bank of Commerce, Daniel Ferguson, Ian Schottlaender, Mark Wolf, Case No. H-03-5785 (Hoyt) (S.D. Tex.)] (LR-18517 - AAE Rel. 1932) SELF- REGULATORY ORGANIZATIONS PROPOSED RULE CHANGES A proposed rule change (SR-PCX-2003-59) has been filed by the Pacific Exchange, through its wholly-owned subsidiary, PCX Equities, Inc. amending its rules governing Market Maker obligations on the Archipelago Exchange. (Rel. 34-48928) A proposed rule change (SR-Amex-2003-105) has been filed by the American Stock Exchange to amend Amex Rule 958A, which relates to the application of the Quote Rule. Publication of the notice is expected in the Federal Register is expected during the week of December 22. (Rel. 34-48948) The Chicago Board Options Exchange filed a proposed rule change (SR-CBOE- 2003-55), and Amendment No. 1 thereto, to amend provisions of CBOE's Constitution and Rules pertaining to the governance of the Exchange. Publication of the notice is expected in the Federal Register is expected during the week of December 22. (Rel. 34-48950) The New York Stock Exchange filed a proposed rule change (SR-NYSE-2003- 29) to allow NYSE to amend Rule 412 and its interpretation of Rule 412 in order to apply the same procedural standards regarding use of the Automated Customer Account Transfer System (ACATS) to both standard and partial customer account transfers. Publication of the notice is expected in the Federal Register is expected during the week of December 22. (Rel. 34-48958) APPROVAL OF PROPOSED RULE CHANGES The Commission approved a proposed rule change submitted by the Pacific Stock Exchange (SR-PCX-2003-32) to incorporate new PCX rules into its minor rule plan. Publication of the notice is expected in the Federal Register is expected during the week of December 22. (Rel. 34-48936) The Commission approved a proposed rule change filed by the Stock Clearing Corporation of Philadelphia (SR-SCCP-2003-04) relating to SCCP's limited clearance and settlement business. Publication of the notice is expected in the Federal Register is expected during the week of December 22. (Rel. 34-48954) ACCELERATED APPROVAL OF PROPOSED RULE CHANGE A proposed rule change (SR-Phlx-2003-81) has been filed by the Philadelphia Stock Exchange relating to a pilot program to deploy the Exchange's Floor Broker Management System. The Commission granted accelerated approval to the proposed rule change. (Rel. 34-48947) IMMEDIATE EFFECTIVENESS OF A PROPOSED RULE CHANGES The Commission issued notice of immediate effectiveness (SR-CBOE-2003- 57) of a proposed rule change submitted by the Chicago Board Options Exchange relating to the Trading of Index Options and Options on ETFs on the CBOE Hybrid System. Publication of the notice is expected in the Federal Register is expected during the week of December 22. (Rel. 34- 48953) A proposed rule change filed by the International Securities Exchange (SR-ISE-2003-31) extending until June 30, 2004, the waiver of the Exchange's marketing fee has become immediately effective under Section 19(b)(3)(A) of the Securities Exchange Act of 1934. Publication of the notice is expected in the Federal Register is expected during the week of December 22. (Rel. 34-48955) SECURITIES ACT REGISTRATIONS The following registration statements have been filed with the SEC under the Securities Act of 1933. The reported information appears as follows: Form, Name, Address and Phone Number (if available) of the issuer of the security; Title and the number and/or face amount of the securities being offered; Name of the managing underwriter or depositor (if applicable); File number and date filed; Assigned Branch; and a designation if the statement is a New Issue. Registration statements may be obtained in person or by writing to the Commission's Public Reference Branch at 450 Fifth Street, N.W., Washington, D.C. 20549 or at the following e-mail box address: . In most cases, this information is also available on the Commission's website: . S-8 REGISTER COM INC, 575 EIGHTH AVE, 11TH FLOOR, NEW YORK, NY, 10018, 2127989100 - 2,603,190 ($12,963,976.00) Equity, (File 333-111335 - Dec. 19) (BR. 08) S-1 US HOME SYSTEMS INC, 750 STATE HIGHWAY 121 BYPASS, SUITE 170, LEWISVILLE, TX, 75067, 2144886300 - 0 ($23,212,175.00) Equity, (File 333-111336 - Dec. 19) (BR. 02) S-4 MANPOWER INC /WI/, 5301 N IRONWOOD RD, MILWAUKEE, WI, 53217, 4149611000 - 0 ($420,653,857.90) Equity, (File 333-111337 - Dec. 19) (BR. 08) S-1 PERINI CORP, 73 MT WAYTE AVE, FRAMINGHAM, MA, 01701, 5086282000 - 6,797,420 ($55,874,792.40) Equity, (File 333-111338 - Dec. 19) (BR. 06) S-1 MARKWEST ENERGY PARTNERS L P, 155 INVERNESS DR WEST, STE 200, ENGLEWOOD, CO, 80112, 3032908700 - 0 ($52,325,668.00) Equity, (File 333-111339 - Dec. 19) (BR. 04) S-8 HIGHLAND HOSPITALITY CORP, 8405 GREENSBORO DR, STE 500, MCLEAN, VA, 22102, 5713821700 - 1,777,000 ($18,782,890.00) Equity, (File 333-111341 - Dec. 19) (BR. 08) S-3 INTEVAC INC, 356O BASSETT ST, SANTA CLARA, CA, 95054, 4089869888 - 4,600,000 ($68,333,000.00) Equity, (File 333-111342 - Dec. 19) (BR. 36) F-1 GRACECHURCH CARD FUNDING NO 6 PLC, 200 PARK AVE., NEW YORK, NY, 10166, 0 ($3,000,000.00) Asset-Backed Securities, (File 333-111343 - Dec. 19) (BR. 05) S-3 NEORX CORP, 410 W HARRISON ST, SEATTLE, WA, 98119, 206-286-25 - 0 ($18,068,400.00) Equity, (File 333-111344 - Dec. 19) (BR. 01) S-8 ORBITZ INC, 200 S WACKER DRIVE, SUITE 1900, CHICAGO, IL, 60606, 0 ($120,129,765.00) Equity, (File 333-111345 - Dec. 19) (BR. 05) S-8 GREAT LAKES CHEMICAL CORP, 9025 NORTH RIVER RD., SUITE 400, INDIANAPOLIS, IN, 46221, 3177153000 - 0 ($5,000,000.00) Other, (File 333-111346 - Dec. 19) (BR. 02) S-8 TANKLESS SYSTEMS WORLDWIDE INC, 2920 E. CAMELBACK ROAD, SUITE 150, PHOENIX, AZ, 85016, 6029578574 - 165,000 ($204,600.00) Equity, (File 333-111348 - Dec. 19) (BR. 02) S-8 SPEEDEMISSIONS INC, 1139 SENOIA ROAD, SUITE B, TYRONE, GA, 30290, 770-306-7667 - 1,000,000 ($285,000.00) Equity, (File 333-111349 - Dec. 19) (BR. 05) S-8 PARTY CITY CORP, 450 COMMONS WAY, BLDG C, ROCKAWAY, NJ, 07860, 9739830888 - 0 ($71,775,000.00) Equity, (File 333-111350 - Dec. 19) (BR. 02) S-8 SOUTHERN STATES POWER CO INC, 4505 ALLSTATE DRIVE, SUITE 108, RIVERSIDE, CA, 92501, 9093672463 - 21,000,000 ($63,000.00) Equity, (File 333-111351 - Dec. 19) (BR. 18) S-3 PRINCIPAL FINANCIAL GROUP INC, 711 HIGH STREET, DES MOINES, IA, 50392, 5152475111 - 0 ($3,000,000,000.00) Other, (File 333-111352 - Dec. 19) (BR. 01) S-8 COM GUARD COM INC, 3838 CAMINO DEL RIO N, STE 333, SAN DIEGO, CA, 92108, 6192808000 - 5,000,000 ($1,100,000.00) Equity, (File 333-111354 - Dec. 19) (BR. 06) S-8 CATERPILLAR INC, 100 NE ADAMS ST, PEORIA, IL, 61629, 3096751000 - 5,000,000 ($389,350,000.00) Equity, (File 333-111355 - Dec. 19) (BR. 36) N-2 BRANTLEY MEZZANINE CAPITAL CORP, 3201 ENTERPRISE PKWY, STE 350, BEACHWOOD, OH, 44122, 2164648400 - 0 ($115,000,000.00) Equity, (File 333-111356 - Dec. 19) (BR. 20) S-3 CEL SCI CORP, 8229 BOONE BLVD ., SUITE 802, VIENNA, VA, 22182, 7035069460 - 0 ($50,000,000.00) Equity, (File 333-111357 - Dec. 19) (BR. 01) S-4 CNB HOLDINGS INC /GA/, 7855 NORTH POINT PARKWAY, SUITE 200, ALPHARETTA, GA, 30022-4849, 7706508262 - 2,797,805 ($19,156,460.00) Equity, (File 333-111358 - Dec. 19) (BR. 07) S-3 DISCOVERY LABORATORIES INC /DE/, 350 MAIN STREET SUITE 307, DOYLESTOWN, PA, 18901, 2152404699 - 6,500,000 ($62,270,000.00) Equity, (File 333-111360 - Dec. 19) (BR. 01) S-3 EURONET WORLDWIDE INC, HORVAT UTCA 14-24, BUDAPEST, K5, 1027, 36-1-224-1000 - 5,391,419 ($91,977,609.00) Equity, (File 333-111361 - Dec. 19) (BR. 07) S-8 CBRL GROUP INC, PO BOX 787, LEBANON, TN, 370880787, 6154439217 - 2,500,000 ($97,950,000.00) Equity, (File 333-111364 - Dec. 19) (BR. 05) S-8 BLONDER TONGUE LABORATORIES INC, ONE JAKE BROWN RD, PO BOX 1000, OLD BRIDGE, NJ, 08857, 9086794000 - 0 ($281,563.00) Equity, (File 333-111367 - Dec. 19) (BR. 37) S-8 OVERNITE CORP, 1000 SEMMES AVENUE, P O BOX 1216, RICHMOND, VA, 23218, 8042318000 - 0 ($20,600,000.00) Equity, (File 333-111368 - Dec. 19) (BR. 05) S-8 POET HOLDINGS INC, 1065 E HILLSDALE BLVD., SUITE 205, FOSTER CITY, CA, 94404, 650-212-3100 - 0 ($515,000.00) Equity, (File 333-111369 - Dec. 19) (BR. 03) S-8 FRANKLIN ELECTRIC CO INC, 400 E SPRING ST, BLUFFTON, IN, 46714, 2608242900 - 334,000 ($19,839,600.00) Equity, (File 333-111370 - Dec. 19) (BR. 36) SB-2 GAMING VENTURE CORP USA, 801 PASCACK ROAD, PARAMUS, NJ, 07652, 2015998484 - 6,514,427 ($456,009.89) Equity, (File 333-111371 - Dec. 19) (BR. 05) S-8 IMAGING DIAGNOSTIC SYSTEMS INC /FL/, 6531 NW 18TH COURT, PLANTATION, FL, 33313-4520, 3057460500 - 360,000 ($385,200.00) Equity, (File 333-111373 - Dec. 19) (BR. 36) S-8 FIRST MERCHANTS CORP, 200 E JACKSON ST, PO BOX 792, MUNCIE, IN, 47308-0792, 3177471500 - 900,000 ($22,932,000.00) Equity, (File 333-111374 - Dec. 19) (BR. 07) S-8 NATIONAL PENN BANCSHARES INC, PHILADELPHIA AND READING AVE, PO 547, BOYERTOWN, PA, 19512, 2153676001 - 226,011 ($2,734,733.00) Equity, (File 333-111375 - Dec. 19) (BR. 07) S-8 NATIONAL PENN BANCSHARES INC, PHILADELPHIA AND READING AVE, PO 547, BOYERTOWN, PA, 19512, 2153676001 - 83,784 ($1,610,313.00) Equity, (File 333-111376 - Dec. 19) (BR. 07) S-8 NATIONAL PENN BANCSHARES INC, PHILADELPHIA AND READING AVE, PO 547, BOYERTOWN, PA, 19512, 2153676001 - 24,377 ($493,742.00) Equity, (File 333-111377 - Dec. 19) (BR. 07) SB-2 CENTERGISTIC SOLUTIONS INC, 498,332 ($1,584,695.76) Equity, (File 333-111378 - Dec. 19) (BR. ) S-3 FINANCIAL ASSET SECURITIES CORP, 600 STEAMBOAT ROAD, GREENWICH, CT, 92618, 2036252700 - 1,000,000 ($1,000,000.00) Asset-Backed Securities, (File 333-111379 - Dec. 19) (BR. 05) S-3 GENERAL MOTORS ACCEPTANCE CORP, MAIL CODE: 482-B08-B82, 200 RENAISSANCE CENTER, DETROIT, MI, 48265, 3136654353 - 0 ($2,000,000,000.00) Non-Convertible Debt, (File 333-111380 - Dec. 19) (BR. 07) S-3 CYPRESS SEMICONDUCTOR CORP /DE/, 3901 N FIRST ST, SAN JOSE, CA, 95134-1599, 4089432600 - 1,000,000 ($19,680,000.00) Equity, (File 333-111381 - Dec. 19) (BR. 36) S-1 INCARA PHARMACEUTICALS CORP, 82,601,644 ($20,065,411.00) Equity, (File 333-111382 - Dec. 19) (BR. 01) S-8 STARWOOD HOTEL & RESORTS WORLDWIDE INC, 1111 WESTCHESTER AVENUE, WHITE PLAINS, NY, 10604, 9146408100 - 303,344 ($10,353,130.72) Equity, (File 333-111384 - Dec. 19) (BR. 08) S-8 REGENERX BIOPHARMACEUTICALS INC, 3 BETHESDA METRO CENTER, SUITE 700, BETHESDA, MD, 20814, 3019611992 - 2,500,000 ($1,436,000.00) Equity, (File 333-111386 - Dec. 19) (BR. 01) S-8 NETSMART TECHNOLOGIES INC, 146 NASSAU AVE, ISLIP, NY, 11751, 5169682000 - 370,000 ($5,446,400.00) Equity, (File 333-111389 - Dec. 19) (BR. 03) S-3 IDINE REWARDS NETWORK INC, 11900 BISCAYNE BLVD, STE 460, MIAMI, FL, 33181, 3058923300 - 0 ($70,000,000.00) Debt Convertible into Equity, (File 333-111390 - Dec. 19) (BR. 08) S-8 AMERICAN ACCESS TECHNOLOGIES INC, 6670 SPRING LAKE ROAD, -, KEYSTONE HEIGHTS, FL, 32656, 3524736673 - 45,000 ($53,550.00) Equity, (File 333-111393 - Dec. 19) (BR. 03) S-8 20/20 NETWORKS INC, 20700 VENTURA BLVD., SUITE 227, WOODLAND HILLS, CA, 91364, 818227-9494 - 660,000 ($798,600.00) Equity, (File 333-111394 - Dec. 19) (BR. 09) S-8 EMC CORP, 176 SOUTH STREET, HOPKINTON, MA, 01748-9103, 5084351000 - 0 ($361,626,930.00) Other, (File 333-111395 - Dec. 19) (BR. 03) S-3 NVIDIA CORP, 2701 SAN TOMAS EXPRESSWAY, SANTA CLARA, CA, 95050, 408-486-2000 - 0 ($500,000,000.00) Unallocated (Universal) Shelf, (File 333-111397 - Dec. 19) (BR. 36) S-4 THORNBURG MORTGAGE INC, 150 WASHINGTON AVE, SUITE 302, SANTA FE, NM, 87501, 5059891900 - 0 ($55,000,000.00) Non-Convertible Debt, (File 333-111398 - Dec. 19) (BR. 08) S-8 FEDEX CORP, 942 SOUTH SHADY GROVE ROAD, MEMPHIS, TN, 38120-, 9018187500 - 0 ($241,745,000.00) Equity, (File 333-111399 - Dec. 19) (BR. 05) F-6 CARSO GLOBAL TELECOM /FI, INSURGENTES SUR 3500, COL. PENA POBRE TLALPAN, MEXICO D. F., O2, 14060, 525556254900 - 50,000,000 ($2,500,000.00) ADRs/ADSs, (File 333-111400 - Dec. 19) (BR. ) S-3 ARIAD PHARMACEUTICALS INC, 26 LANDSDOWNE ST, CAMBRIDGE, MA, 02139, 6174940400 - 0 ($52,780,000.00) Equity, (File 333-111401 - Dec. 19) (BR. 01) S-3 SSP SOLUTIONS INC, 17861 CARTWRIGHT ROAD, IRVINE, CA, 92614, 9498511085 - 45,641,471 ($55,226,180.31) Equity, (File 333-111402 - Dec. 19) (BR. 03) S-8 NET2PHONE INC, 520 BROAD STREET, NEWARK, NJ, 07102, 9734122800 - 0 ($11,640,000.00) Equity, (File 333-111403 - Dec. 19) (BR. 37) SB-2 FAMILY ROOM ENTERTAINMENT CORP, 1041 NORTH FORMOSA AVENUE, MARY PICKFORD BUILDING SUITE 101, LOS ANGELES, CA, 90046, 3238502800 - 0 ($5,036,508.00) Equity, (File 333-111404 - Dec. 19) (BR. 05) S-1 P COM INC, 3175 S WINCHESTER BLVD, CAMPBELL, CA, 95008, 4088663666 - 602,250,239 ($84,315,033.32) Equity, (File 333-111405 - Dec. 19) (BR. 37) S-4 NATIONAL BEEF PACKING CO LLC, 12200 NORTH AMBASSADOR DRIVE, KANSAS CITY, MO, 64163, 160,000,000 ($160,000,000.00) Non-Convertible Debt, (File 333-111407 - Dec. 19) (BR. ) SB-2 SIMTEK CORP, 4250 BUCKINGHAM DR 100, COLORADO SPRINGS, CO, 80907, 7195319444 - 2,401,983 ($2,831,911.47) Equity, (File 333-111408 - Dec. 19) (BR. 36) S-3 REMEC INC, 9404 CHESAPEAKE DRIVE, SAN DIEGO, CA, 92123, 6195601301 - 1,857,726 ($14,583,149.10) Equity, (File 333-111409 - Dec. 19) (BR. 36) S-3 GENERAL MARITIME CORP/, 35 WEST 56TH STREET, NEW YORK, NY, 10019, 2127635600 - 0 ($500,000,000.00) Other, (File 333-111412 - Dec. 19) (BR. 05) S-3 HOUSEHOLD FINANCE CORP, 2700 SANDERS RD, PROSPECT HEIGHTS, IL, 60070, 8475645000 - 0 ($10,000,000,000.00) Non-Convertible Debt, (File 333-111413 - Dec. 19) (BR. 07) S-4 SEACOAST FINANCIAL SERVICES CORP, ONE COMPASS PLACE, NEW BEDFORD, MA, 02740, 5089846000 - 4,610,586 ($129,806,827.80) Equity, (File 333-111415 - Dec. 19) (BR. 07) S-3 ALTAIR NANOTECHNOLOGIES INC, 204 EDISON WAY, N/A, RENO, NV, 89502, (775) 858-3744 - 5,000,000 ($10,450,000.00) Equity, (File 333-111416 - Dec. 19) (BR. 02) S-4 ALABAMA NATIONAL BANCORPORATION, 1927 FIRST AVENUE NORTH, BIRMINGHAM, AL, 35209, 2055833600 - 0 ($36,079,150.00) Equity, (File 333-111417 - Dec. 19) (BR. 07) S-4 OPSWARE INC, 599 N MATHILDA AVENUE, SUNNYVALE, CA, 94086, 0 ($12,250,000.00) Equity, (File 333-111418 - Dec. 19) (BR. 08) SB-2 APTUS CORP, 1127 BROADWAY PLZ, SUITE 203, TACOMA, WA, 98402, 2536911531 - 10,000,000 ($5,000,000.00) Equity, (File 333-111419 - Dec. 19) (BR. ) RECENT 8K FILINGS Form 8-K is used by companies to file current reports on the following events: Item 1. Changes in Control of Registrant. Item 2. Acquisition or Disposition of Assets. Item 3. Bankruptcy or Receivership. Item 4. Changes in Registrant's Certifying Accountant. Item 5. Other Materially Important Events. Item 6. Resignations of Registrant's Directors. Item 7. Financial Statements and Exhibits. Item 8. Change in Fiscal Year. Item 9. Regulation FD Disclosure. Item 10. Amendments to the Registrant's Code of Ethics, or Waiver of a Provision of the Code of Ethics. Item 11. Temporary Suspension of Trading Under Registrant's Employee Benefit Plans. Item 12. Results of Operations and Financial Condition. The following companies have filed 8-K reports for the date indicated and/or amendments to 8-K reports previously filed, responding to the item(s) of the form specified. 8-K reports may be obtained in person or by writing to the Commission's Public Reference Branch at 450 Fifth Street, N.W., Washington, D.C. 20549 or at the following e-mail box address: . In most cases, this information is also available on the Commission's website: . STATE 8K ITEM NO. NAME OF ISSUER CODE 1 2 3 4 5 6 7 8 9 10 11 12 13 DATE COMMENT ------------------------------------------------------------------------------------------------ 24/7 REAL MEDIA INC DE X X 12/17/03 8X8 INC /DE/ DE X X 12/18/03 ACL SEMICONDUCTOR INC X X 12/16/03 ACNB CORP PA X 12/19/03 ACT TELECONFERENCING INC CO X X 12/17/03 ACT TELECONFERENCING INC CO X X 10/28/03 AMEND ADAPTEC INC DE X X 12/16/03 ADZONE RESEARCH INC DE X 12/18/03 AETHER SYSTEMS INC DE X X 12/19/03 AFC ENTERPRISES INC MN X X X 12/15/03 AGWAY INC DE X X 12/19/03 AIRGATE PCS INC /DE/ DE X X 12/18/03 AIRLEASE LTD CA X 12/19/03 ALASKA AIR GROUP INC DE X X X 12/18/03 ALASKA AIRLINES INC AK X X 12/18/03 ALLEGHENY ENERGY INC MD X 12/19/03 ALLEGHENY TECHNOLOGIES INC DE X 12/19/03 ALLMERICA FINANCIAL CORP DE X 12/18/03 AMC ENTERTAINMENT INC DE X X 12/19/03 AMERICAN NATURAL ENERGY CORP OK X 12/17/03 AMERICAN RIVER HOLDINGS CA X X 12/18/03 AMERICAN SPECTRUM REALTY INC MD X X 12/18/03 ANC RENTAL CORP DE X X 12/19/03 APPLE HOSPITALITY FIVE INC VA X X 12/05/03 ARK RESTAURANTS CORP NY X 12/18/03 ARLINGTON HOSPITALITY INC DE X X 12/19/03 ARQULE INC DE X X 12/19/03 ARTISOFT INC DE X X 12/16/03 ASCONI CORP NV X 12/09/03 ASHLAND INC KY X X 12/19/03 ASIAN ALLIANCE VENTURES INC NV X X 12/19/03 ASSET BACKED FUNDING CORP DE X X 12/18/03 ASSET BACKED SEC CORP HOME EQUITY LOA DE X 12/19/03 AVOCA INC LA X 12/19/03 BANC OF AMERICA MORTGAGE SECURITIES I DE X X 12/19/03 BANC OF AMERICA MORTGAGE SECURITIES I DE X X 12/19/03 BANNER CORP WA X X 12/19/03 BARD C R INC /NJ/ NJ X 12/19/03 BCSB BANKCORP INC X X 12/19/03 BECKMAN COULTER INC DE X X 12/18/03 BIOFIELD CORP \DE\ DE X 12/04/03 BOEING CO DE X 12/19/03 BOSTONFED BANCORP INC DE X 12/19/03 AMEND BRT REALTY TRUST MA X 12/18/03 CANDIES INC DE X 12/15/03 CARPENTER TECHNOLOGY CORP DE X X 12/19/03 CATERPILLAR FINANCIAL FUNDING CORP NV X 11/30/03 CDF FINANCING LLC DE X X 11/30/03 CDF FLOORPLAN RECEIVABLES LP DE X X 11/30/03 CELSION CORP MD X 12/12/03 CENTERPOINT ENERGY INC X X 12/10/03 CENTEX CORP NV X 12/19/03 CENUCO INC DE X X 12/18/03 CHASE CORP MA X X 12/15/03 CHASE MANHATTAN BANK USA CHASE MANHAT DE X X 12/09/03 CHASE MORTGAGE FINANCE CORP DE X X 12/18/03 CHATTEM INC TN X 12/19/03 CHECKERS DRIVE IN RESTAURANTS INC /DE DE X X 12/18/03 CINTAS CORP WA X 12/17/03 CIRTRAN CORP NV X 12/17/03 CITRIX SYSTEMS INC DE X 12/18/03 AMEND CMS ENERGY CORP MI X 12/18/03 CNB FINANCIAL CORP/PA PA X X 12/18/03 COCA COLA ENTERPRISES INC DE X 12/17/03 COMMERCIAL CAPITAL BANCORP INC NV X X 12/19/03 COMMUNITY BANCSHARES INC /DE/ DE X X 12/15/03 COMMUNITY VALLEY BANCORP CA X X 12/19/03 COMPOSITE TECHNOLOGY CORP NV X X 12/19/03 CONSOLIDATED FREIGHTWAYS CORP DE X 12/19/03 COOPER COMPANIES INC DE X X 12/11/03 CORNERSTONE REALTY FUND LLC CA X X 12/10/03 CPAC INC NY X 12/19/03 CRIIMI MAE INC MD X X 12/17/03 CROSS TIMBERS ROYALTY TRUST TX X 12/19/03 CSFB COMMERCIAL MORT PASS THR CERTS S DE X X 12/18/03 CUNO INC DE X X 12/18/03 AMEND CUNO INC DE X X 12/18/03 AMEND CYPRESS EQUIPMENT FUND II LTD FL X 12/19/03 CYTATION CORP DE X 12/18/03 DAN RIVER INC /GA/ GA X X 12/19/03 DANKA BUSINESS SYSTEMS PLC X 12/18/03 DAVIDSON DIVERSIFIED REAL ESTATE II L DE X X 12/11/03 DEERE JOHN RECEIVABLES INC DE X X 12/15/03 DELPHAX TECHNOLOGIES INC MN X X 12/19/03 DELTA PETROLEUM CORP/CO CO X 12/09/03 DENBURY RESOURCES INC DE X X 12/18/03 DIMON INC VA X 12/19/03 DISCOVER CARD MASTER TRUST I DE X X 10/18/03 DISCOVERY LABORATORIES INC /DE/ DE X X 12/19/03 DISTRIBUTION FINANCIAL SERVICES FLOOR NY X X 11/30/03 DISTRIBUTION FINANCIAL SERVICES FLOOR NY X X 11/30/03 DOMINION RESOURCES INC /VA/ VA X X X 12/19/03 DOMINIX INC DE X X X 12/05/03 DOMINIX INC DE X X X 12/05/03 AMEND DSL NET INC DE X X 12/09/03 DVI RECEIVABLES CORP VIII DE X 12/19/03 EAGLE FOOD CENTERS INC DE X 12/12/03 EDWARDS A G INC DE X 12/18/03 ELINEAR INC DE X X 07/31/03 EMC CORP MA X X 12/18/03 ENCORE MEDICAL CORP DE X X 12/19/03 EQUIDYNE CORP DE X X 12/08/03 EQUIFAX INC GA X X 12/18/03 ESTEE LAUDER COMPANIES INC DE X 12/19/03 EUROSOFT CORP FL X 12/10/03 EXACTECH INC FL X X 12/19/03 EXE TECHNOLOGIES INC DE X X 12/19/03 EZENIA INC DE X X X 12/19/03 FERRO CORP OH X 11/14/03 FIBERCORE INC NV X X 12/19/03 FIRST AMERICAN CAPITAL CORP /KS KS X X 12/19/03 FIRST NATIONAL LINCOLN CORP /ME/ ME X 12/18/03 FLIR SYSTEMS INC OR X X 12/18/03 FSI INTERNATIONAL INC MN X X X 12/18/03 GA FINANCIAL INC/PA DE X X 12/11/03 GALAXY ENERGY CORP CO X X 12/19/03 GENESEE & WYOMING INC DE X 12/19/03 GEORGIA GULF CORP /DE/ DE X 12/18/03 GOLDEN STAR RESOURCES LTD X 12/18/03 GOLDMAN SACHS GROUP INC/ DE X X 12/18/03 GP STRATEGIES CORP DE X X 10/09/03 AMEND GREENWICH CAPITAL ACCEPTANCE INC DE X 12/19/03 GS MORTGAGE SECURITIES CORP DE X X 12/18/03 HANOVER COMPRESSOR CO / DE X X 12/18/03 HAVANA REPUBLIC INC/FL FL X 10/21/03 AMEND HERITAGE PROPANE PARTNERS L P DE X X 12/17/03 HORACE MANN EDUCATORS CORP /DE/ DE X X 12/19/03 HORIZON OFFSHORE INC DE X X 12/19/03 HRPT PROPERTIES TRUST MD X X X 12/05/03 HUDSON RIVER BANCORP INC DE X X 12/18/03 HUGOTON ROYALTY TRUST TX X 12/19/03 HUMANA INC DE X 12/19/03 INDEVUS PHARMACEUTICALS INC DE X X 12/18/03 INNKEEPERS USA TRUST/FL MD X X 12/18/03 INSTINET GROUP INC DE X X 12/19/03 INTERMAGNETICS GENERAL CORP NY X X 12/17/03 INTERNATIONAL WIRE GROUP INC DE X 12/19/03 INTERPUBLIC GROUP OF COMPANIES INC DE X X 12/19/03 INTERVOICE INC TX X 12/18/03 INVESTNET INC NV X X X X 12/15/03 JANUS CAPITAL GROUP INC DE X X X 12/19/03 JOY GLOBAL INC DE X 11/01/03 JOY GLOBAL INC DE X 11/01/03 AMEND K2 INC DE X 12/18/03 KAISER ALUMINUM & CHEMICAL CORP DE X X 12/19/03 KAISER ALUMINUM & CHEMICAL CORP DE X X 12/19/03 KAISER ALUMINUM CORP DE X X 12/19/03 KAISER ALUMINUM CORP DE X X 12/19/03 KANSAS CITY SOUTHERN DE X X 12/19/03 AMEND KB HOME DE X X X 12/18/03 KMG CHEMICALS INC TX X X 12/05/03 KOMAG INC /DE/ DE X X 12/19/03 LANTRONIX INC DE X X 12/19/03 LARK TECHNOLOGIES INC DE X X 12/18/03 LAS VEGAS SANDS INC NV X 12/19/03 LEHMAN ABS CORP GE GLOBAL INSURANCE N DE X X 12/12/03 LEXINGTON PRECISION CORP DE X X 12/18/03 LIONS GATE INVESTMENT LTD NV X X X X X X 12/09/03 LONGVIEW FIBRE CO WA X X 10/31/03 MACQUARIE SECURITISATION LTD DE X X 12/17/03 MAGELLAN MIDSTREAM PARTNERS LP DE X X 12/18/03 MARKWEST ENERGY PARTNERS L P DE X 12/19/03 MAVERICK TUBE CORPORATION DE X X 12/18/03 MAXWELL SHOE CO INC DE X X 12/19/03 MBNA AMERICA BANK NATIONAL ASSOCIATIO DE X X 12/18/03 MERRILL LYNCH DEPOSITOR INC INDEXPLUS DE X X 12/17/03 MESA OFFSHORE TRUST TX X X 12/19/03 MESA ROYALTY TRUST/TX TX X X X 12/19/03 METRIS COMPANIES INC DE X 12/18/03 MID STATE RACEWAY INC NY X 12/15/03 MIDAS INC DE X 12/19/03 MILLION DOLLAR SALOON INC NV X 12/19/03 MILLS CORP DE X 12/17/03 MILTOPE GROUP INC DE X X 12/19/03 NATIONAL PENN BANCSHARES INC PA X X X 12/12/03 NATIONAL PENN BANCSHARES INC PA X X X 12/17/03 NATROL INC DE X X 12/19/03 NEORX CORP WA X X 12/18/03 NETMEASURE TECHNOLOGY INC NV X 08/21/03 AMEND NEW CENTURY EQUITY HOLDINGS CORP DE X X 12/19/03 NEW ENGLAND BUSINESS SERVICE INC DE X 12/19/03 NEXSTAR BROADCASTING GROUP INC DE X X 12/18/03 NISSAN AUTO LEASING LLC II DE X 12/15/03 NISSAN AUTO RECEIVABLES 2003-B OWNER DE X 12/15/03 NORTHERN BORDER PARTNERS LP DE X 12/19/03 NORTHERN BORDER PIPELINE CO TX X 12/19/03 NRG ENERGY INC DE X X 12/17/03 OAKWOOD HOMES CORP NC X 12/15/03 OCEANEERING INTERNATIONAL INC DE X 12/18/03 OHIO CASUALTY CORP OH X 12/19/03 ON THE GO HEALTHCARE INC DE X 10/22/03 AMEND ONEOK INC /NEW/ OK X X 12/19/03 OPINION RESEARCH CORP DE X 12/17/03 OUTDOOR CHANNEL HOLDINGS INC AK X 12/16/03 PAC-WEST TELECOMM INC X X 12/18/03 PACIFIC FINANCIAL CORP WA X 12/19/03 PACIFIC VEGAS GLOBAL STRATEGIES INC CO X 03/11/03 AMEND PAINCARE HOLDINGS INC CT X X 12/18/03 PANHANDLE ROYALTY CO OK X 12/18/03 PARADIGM GENETICS INC X X 12/19/03 PENFORD CORP WA X X 12/18/03 PERINI CORP MA X 12/19/03 PHARMOS CORP NV X X 12/19/03 PIPER JAFFRAY COMPANIES X X 12/19/03 PITNEY BOWES INC /DE/ DE X X X 12/17/03 PLATO LEARNING INC DE X X 12/17/03 PREFORMED LINE PRODUCTS CO OH X 12/19/03 PRIVATEBANCORP INC DE X 12/15/03 PROASSURANCE CORP DE X 12/19/03 PROVIDENT FINANCIAL HOLDINGS INC DE X X 12/18/03 PSYCHIATRIC SOLUTIONS INC DE X X 12/19/03 QUESTAR GAS CO UT X 12/19/03 QUIXOTE CORP DE X X 12/10/03 QWEST COMMUNICATIONS INTERNATIONAL IN DE X 12/18/03 RADIAN GROUP INC DE X 12/18/03 RAYOVAC CORP WI X 12/18/03 REGENCY AFFILIATES INC DE X 12/18/03 REMINGTON OIL & GAS CORP DE X 12/19/03 RESIDENTIAL ACCREDIT LOANS INC DE X X 12/19/03 RESIDENTIAL ASSET MORTGAGE PRODUCTS I DE X X 12/19/03 RESIDENTIAL FUNDING MORTGAGE SECURITI DE X 12/19/03 RICHARDSON ELECTRONICS LTD/DE DE X 11/29/03 ROBBINS & MYERS INC OH X X 12/18/03 ROLFE ENTERPRISES INC FL X X 12/04/03 ROLFE ENTERPRISES INC FL X X X 12/04/03 AMEND ROTO-ROOTER INC DE X X 12/18/03 ROTO-ROOTER INC DE X X 10/14/03 AMEND RYDER SYSTEM INC FL X X 12/19/03 SABA SOFTWARE INC DE X X 12/19/03 SAFE ID CORP X 12/18/03 SAN JUAN BASIN ROYALTY TRUST TX X X 12/19/03 SANDY SPRING BANCORP INC MD X X 12/19/03 SCANTEK MEDICAL INC DE X X 12/05/03 SCRIPPS E W CO /DE OH X X 12/19/03 SDC INTERNATIONAL INC \DE\ DE X X 12/19/03 SEARS ROEBUCK & CO NY X X 11/03/03 SEATTLE GENETICS INC /WA DE X X 12/19/03 SENIOR SUBORDINATE PASS THROUGH CERT TN X 11/25/03 SEPRACOR INC /DE/ DE X X 12/15/03 SEROLOGICALS CORP DE X X 12/19/03 SHALLBETTER INDUSTRIES INC MN X 12/18/03 SHIRE PHARMACEUTICALS GROUP PLC X X 12/18/03 SLM CORP DE X X 12/15/03 STANDARD COMMERCIAL CORP NC X 12/19/03 SUBURBAN PROPANE PARTNERS LP DE X 12/18/03 SUPERIOR ENERGY SERVICES INC DE X X 12/18/03 SVB FINANCIAL SERVICES INC NJ X 12/18/03 TALBOTS INC DE X X 12/19/03 TC PIPELINES LP DE X 12/19/03 TEL OFFSHORE TRUST TX X X X 12/19/03 TENGASCO INC TN X 12/18/03 TGFIN HOLDINGS INC DE X 12/17/03 THISTLE GROUP HOLDINGS CO X X 12/18/03 TRIMERIS INC DE X 12/19/03 UMPQUA HOLDINGS CORP OR X X 12/19/03 UNION NATIONAL FINANCIAL CORP / PA PA X 12/19/03 UNIVERSAL SECURITY INSTRUMENTS INC MD X 11/03/03 AMEND US AIRWAYS GROUP INC DE X 12/19/03 US BANCORP \DE\ DE X X 12/19/03 VANS INC DE X X 12/19/03 VERTEX PHARMACEUTICALS INC / MA MA X 12/19/03 VIASAT INC CA X X 12/18/03 VIRCO MFG CORPORATION DE X X 12/19/03 VIROPHARMA INC DE X X 12/17/03 VISTA CONTINENTAL CORP DE X X 12/09/03 VITAL LIVING INC AZ X X 12/15/03 VULCAN INTERNATIONAL CORP DE X 12/16/03 WACHOVIA COMMERCIAL MORTGAGE SECURITI NC X X 12/18/03 WALLACE SILVER INC ID X X X 12/04/03 AMEND WARP TECHNOLOGY HOLDINGS INC NV X X 12/16/03 WASHINGTON MUTUAL MORTGAGE SECURITIES DE X 12/19/03 WAVE SYSTEMS CORP DE X X 12/17/03 WELLMAN INC DE X 12/19/03 WELLS FARGO ASSET SECURITIES CORP DE X X 12/19/03 WERNER HOLDING CO INC /DE/ DE X 12/19/03 WHOLESALE AUTO RECEIVABLES CORP DE X X 12/15/03 WICKES INC DE X 12/19/03 WILLIAMS COMPANIES INC DE X 12/19/03 WINMARK CORP MN X X 12/18/03 WORLD AIRWAYS INC /DE/ DE X X 12/19/03 WORLD FUEL SERVICES CORP FL X X 12/18/03 XCEL ENERGY INC MN X X 12/05/03 ZANETT INC DE X 12/04/03 ZOND PANAERO WINDSYSTEM PARTNERS I CA X 12/19/03