UNITED STATES
SECURITIES 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): APRIL 14, 2005
FN ESTATE, INC.
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(Exact name of registrant as specified in its charter)
PENNSYLVANIA 0-29255 23-2767197
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
TWO COURTNEY PLACE, SUITE 130, 3864 COURTNEY STREET, BETHLEHEM, PA 18017
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(Address of principal executive offices) (Zip Code)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (610) 266-6700
FASTNET CORPORATION
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(Former name or former address, if changed since last report)
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):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 8.01 OTHER EVENTS
On December 30, 2004, FN Estate, Inc. and its wholly owned subsidiaries
(collectively, the "Debtors") and the Official Committee of Unsecured Creditors
appointed in the Debtors' bankruptcy cases (the "Creditors' Committee") filed
the Joint Plan of Liquidation Dated December 30, 2004, in the United States
Bankruptcy Court for the Eastern District of Pennsylvania (the "Bankruptcy
Court") in the jointly administered bankruptcy cases of FN Estate, Inc. (f/k/a
Fastnet Corporation), Netaxs Corp., SuperNet, Inc., NetReach, Inc., Fastnet
Acquisition, Inc. and Fastnet Acquisition Corp. styled IN RE FN ESTATE, INC., ET
AL., Case Nos. 03-23143 (TMT) (Jointly Administered). On January 27, 2005, the
Debtors and Creditors' Committee filed the First Amended Joint Plan of
Liquidation Dated December 30, 2004, in the Bankruptcy Court. On March 22, 2005,
the Debtors and the Creditors' Committee filed the Second Amended Joint Plan of
Liquidation Dated March 22, 2005 (as amended, the "Plan") in the Bankruptcy
Court. The Bankruptcy Court held a hearing on March 24, 2005, to consider
confirmation of the Plan.
On March 24, 2005 (the "Confirmation Date"), the Bankruptcy Court entered an
order confirming the Plan, which became effective on April 11, 2005. Pursuant to
the terms of the Plan, among other things, each holder of common stock shall
neither receive nor retain any property or interest in estate property on
account of such equity interest. Further, the Plan enjoins all holders of
outstanding shares of common stock of FN Estate, Inc. from transferring any
equity interest as of the Confirmation Date, and all equity interests of FN
Estate, Inc. will be cancelled by the filing of appropriate articles of
dissolution by the Administrative Agent after the Plan has been fully
implemented and administered, and after all estate property has been
distributed.
For further information, reference is made to a copy of the Plan and the
Bankruptcy Court's order confirming the Plan, which are attached as exhibits 2.2
and 2.1, respectively, to the company's current report on Form 8-k that was
filed with the Securities Exchange Commission on March 30, 2005.
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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.
FN ESTATE, INC.
(Registrant)
Date: April 14, 2005 By: /s/ Tamie Barsky
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Tamie Barsky
Administrative Agent
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