• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    DZS Inc. filed SEC Form 8-K: Bankruptcy or Receivership, Events That Accelerate or Increase a Direct Financial Obligation, Other Events

    3/14/25 4:55:49 PM ET
    $DZSI
    Telecommunications Equipment
    Utilities
    Get the next $DZSI alert in real time by email
    dzsi-20250314
    0001101680false00011016802025-03-042025-03-04

    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 Exchange Act of 1934
    Date of Report (Date of Earliest Event Reported): March 14, 2025
    DZS INC.
    (Exact Name of Registrant as Specified in its Charter)
    Delaware000-3274322-3509099
    (State or Other Jurisdiction
    of Incorporation)
    (Commission
    File No.)
    (I.R.S. Employer
    Identification No.)
    5700 Tennyson Parkway, Suite 400
    Plano, TX 75024
    (Address of Principal Executive Offices, Including Zip Code)
    (469) 327-1531
    (Registrant’s 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:
    oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
    oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
    oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
    oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
    Securities registered pursuant to Section 12(b) of the Act:
    Title of each classTrading Symbol(s)Name of each exchange on which registered
    NoneNoneNone
    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
    Emerging growth company o
    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o



    Item 1.03 Bankruptcy or Receivership.
    On March 14, 2025, after considering its financial and operational condition as well as all possible strategic alternatives, including, without limitation, (i) obtaining additional financing from existing and/or third party lenders, (ii) implementing an out-of-court restructuring and other cost reduction measures, (iii) pursuing a going concern sale, or sale of assets or business lines, to one or more third parties, and (iv) obtaining debtor in possession financing from existing and or third party lenders to facilitate a reorganization proceeding under chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”), DZS Inc. (the “Company”) and certain of its wholly-owned direct subsidiaries, DZS Services Inc. (“DZS Services”) and DZS California Inc. (“DZS California” and, together with DZS Services, the “Subsidiaries”), each filed a voluntary petition for relief under the provisions of chapter 7 of the Bankruptcy Code in the United States Bankruptcy Court for the Eastern District of Texas, Case Nos. 25-40712, 25-40713 and 25-40714. The Company and the Subsidiaries ceased substantially all of their operations on March 14, 2025.
    As a result of the Chapter 7 cases described above, a chapter 7 trustee will be appointed by the Office of the United States Trustee for Region 6, and the trustee will assume control over the assets and liabilities of the Company and the Subsidiaries, effectively eliminating the authority and powers of the Board of Directors of the Company and each Subsidiary (or their respective governing equivalents) and their respective executive officers to act on their behalf. The assets of the Company and the Subsidiaries will be liquidated and claims paid in accordance with the priorities specified in the Bankruptcy Code.
    It is unlikely that holders of the Company’s common stock will receive any payment or other distribution on account of those shares following the bankruptcy proceedings.
    Item 2.04 Triggering Events that Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.
    The commencement of the chapter 7 cases described in Item 1.03 of this Current Report on Form 8-K may trigger events of default under certain of the Company’s and the Subsidiaries’ contracts, agreements or debt instruments, which may result in termination of, or an acceleration of the Company’s and the Subsidiaries’ obligations under, such contracts, agreements or instruments. Such events of defaults, however, may be stayed pursuant to 11 U.S.C. §362.
    Item 8.01. Other Events.
    The audit of the Company’s financial statements for its fiscal year ended December 31, 2024 by the Company’s independent registered public accounting firm was not completed, and the Company will no longer have the capability to prepare and file with the Securities and Exchange Commission the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 or any other periodic reports.



    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.
    Date: March 14, 2025DZS Inc.
     
    By:/s/ Charlie Vogt
    Charlie Vogt
    Chief Executive Officer

    Get the next $DZSI alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $DZSI

    DatePrice TargetRatingAnalyst
    6/1/2023Outperform → Market Perform
    Northland Capital
    12/19/2022$25.00Outperform
    Cowen
    3/1/2022$20.00Buy
    Stifel
    2/14/2022$22.00 → $25.00Buy
    B. Riley Securities
    2/14/2022$18.00 → $20.00Buy
    Needham
    More analyst ratings

    $DZSI
    SEC Filings

    See more
    • DZS Inc. filed SEC Form 8-K: Bankruptcy or Receivership, Events That Accelerate or Increase a Direct Financial Obligation, Other Events

      8-K - DZS INC. (0001101680) (Filer)

      3/14/25 4:55:49 PM ET
      $DZSI
      Telecommunications Equipment
      Utilities
    • DZS Inc. filed SEC Form 8-K: Other Events

      8-K - DZS INC. (0001101680) (Filer)

      3/4/25 4:03:49 PM ET
      $DZSI
      Telecommunications Equipment
      Utilities
    • DZS Inc. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - DZS INC. (0001101680) (Filer)

      1/29/25 8:30:13 AM ET
      $DZSI
      Telecommunications Equipment
      Utilities

    $DZSI
    Leadership Updates

    Live Leadership Updates

    See more
    • DZS Appoints Scott St. John as Chief Customer Officer

      DALLAS, April 25, 2024 (GLOBE NEWSWIRE) -- DZS (NASDAQ:DZSI), a global leader of broadband networking and AI-driven cloud software solutions, today announced it has appointed Scott St. John as Chief Customer Officer, reporting directly to CEO Charlie Vogt. Mr. St. John will be responsible for leading global sales for DZS and will be focused on driving accelerated revenue growth across the Americas and Europe, Middle East and Africa (EMEA) and Australia/New Zealand (ANZ) regions. Communication service providers (CSPs) in these regions continue to undergo a multi-year broadband networking upgrade cycle with a shift towards open and software defined networking, supported by "broadband everyw

      4/25/24 8:00:00 AM ET
      $DZSI
      Telecommunications Equipment
      Utilities
    • DZS Appoints Brian Chesnut as Chief Accounting Officer

      DALLAS, April 22, 2024 (GLOBE NEWSWIRE) -- DZS (NASDAQ:DZSI), a global leader of broadband networking and AI-driven cloud software solutions, today announced that Brian Chesnut has been appointed as the company's Chief Accounting Officer (CAO), reporting directly to Chief Financial Officer (CFO), Misty Kawecki. Mr. Chesnut will be responsible for working closely with the CFO, senior leadership and the company's new independent public accounting firm, BDO USA, overseeing all corporate accounting functions including reporting, governance and internal controls. "The leadership team and Board of Directors recognized the importance of making this critical role part of our senior management

      4/22/24 8:00:00 AM ET
      $DZSI
      Telecommunications Equipment
      Utilities
    • DZS Appoints Chief Operating Officer for Asia and Chief Customer Officer for Americas, Europe, Middle East and Africa Regions

      DALLAS, July 12, 2023 (GLOBE NEWSWIRE) -- DZS (NASDAQ:DZSI), a global leader of access, optical and cloud-controlled software defined solutions, today announced that it has appointed Daniel Won Chief Operating Officer for Asia and Gunter Reiss Chief Customer Officer for the Americas, Europe, Middle East and Africa (AEMEA) regions. Both executives will report to DZS President and Chief Executive Officer Charlie Vogt. Won will be responsible for sales and regional operational activities for the Asia region and Reiss will oversee sales, marketing and business development for AEMEA. "This new leadership structure allows us to implement the required product, sales and operational strategy alig

      7/12/23 10:00:00 AM ET
      $DZSI
      Telecommunications Equipment
      Utilities

    $DZSI
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • DZS Inc. downgraded by Northland Capital

      Northland Capital downgraded DZS Inc. from Outperform to Market Perform

      6/1/23 12:36:42 PM ET
      $DZSI
      Telecommunications Equipment
      Utilities
    • Cowen initiated coverage on DZS Inc. with a new price target

      Cowen initiated coverage of DZS Inc. with a rating of Outperform and set a new price target of $25.00

      12/19/22 7:36:56 AM ET
      $DZSI
      Telecommunications Equipment
      Utilities
    • Stifel resumed coverage on DZS Inc. with a new price target

      Stifel resumed coverage of DZS Inc. with a rating of Buy and set a new price target of $20.00

      3/1/22 6:59:26 AM ET
      $DZSI
      Telecommunications Equipment
      Utilities

    $DZSI
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • President & CEO Vogt Charles D bought $8,500 worth of shares (10,000 units at $0.85), increasing direct ownership by 2% to 419,946 units (SEC Form 4)

      4 - DZS INC. (0001101680) (Issuer)

      12/11/24 4:05:25 PM ET
      $DZSI
      Telecommunications Equipment
      Utilities
    • Director Bross Matthew W bought $7,722 worth of shares (9,000 units at $0.86), increasing direct ownership by 10% to 102,065 units (SEC Form 4)

      4 - DZS INC. (0001101680) (Issuer)

      12/9/24 4:15:07 PM ET
      $DZSI
      Telecommunications Equipment
      Utilities
    • Director Bross Matthew W bought $875 worth of shares (1,000 units at $0.88), increasing direct ownership by 1% to 93,065 units (SEC Form 4)

      4 - DZS INC. (0001101680) (Issuer)

      12/6/24 2:28:11 PM ET
      $DZSI
      Telecommunications Equipment
      Utilities

    $DZSI
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Carbone Barbara converted options into 25,000 shares, increasing direct ownership by 27% to 117,065 units (SEC Form 4)

      4 - DZS INC. (0001101680) (Issuer)

      1/2/25 4:11:16 PM ET
      $DZSI
      Telecommunications Equipment
      Utilities
    • Director Kim Joon Kyung converted options into 25,000 shares, increasing direct ownership by 25% to 124,246 units (SEC Form 4)

      4 - DZS INC. (0001101680) (Issuer)

      1/2/25 4:11:06 PM ET
      $DZSI
      Telecommunications Equipment
      Utilities
    • Director Yoo Choon Yul converted options into 25,000 shares, increasing direct ownership by 25% to 126,925 units (SEC Form 4)

      4 - DZS INC. (0001101680) (Issuer)

      1/2/25 4:10:57 PM ET
      $DZSI
      Telecommunications Equipment
      Utilities

    $DZSI
    Financials

    Live finance-specific insights

    See more
    • DZS to Host Call to Discuss Q3 2024 Financial Results

      DALLAS, Oct. 24, 2024 (GLOBE NEWSWIRE) -- DZS (OTC:DZSI), a global leader of Networking, Connectivity and Cloud Edge software solutions enabling broadband everywhere, today announced that it will host an earnings call to discuss its financial results for the third quarter of 2024. Conference Call Details:Date: Wednesday, November 6, 2024Time: 11:00 a.m. EDTParticipant Toll-Free: (800) 715-9871Conference ID: 5468431Webcast: https://edge.media-server.com/mmc/p/7mk5mfpr/ About DZS DZS Inc. (OTC:DZSI) is a global leader of Networking, Connectivity and Cloud Edge software solutions enabling broadband everywhere. DZS, the DZS logo, and all DZS product names are trademarks of DZS Inc.

      10/24/24 3:13:51 PM ET
      $DZSI
      Telecommunications Equipment
      Utilities
    • DZS Sells Service Assurance and WiFi Management Software Portfolio to AXON Networks

      Transaction expands the strategic partnership between both companies and enables DZS to focus on its category-defining Broadband Networking, Connectivity and Cloud Edge portfolio DALLAS and IRVINE, Calif., Oct. 16, 2024 /PRNewswire/ -- DZS (OTC:DZSI), a global leader of Networking, Connectivity and Cloud Edge software solutions and AXON Networks (AXON), a global leader of advanced Service  Management and Orchestration solutions, today announced the acquisition of DZS' Service Assurance and WiFi Management software portfolio by AXON Networks. The all-cash, $34 million transaction transfers all CloudCheck, Expresse and TruSpeed assets and IP patents to AXON, along with a highly skilled develo

      10/16/24 12:30:00 PM ET
      $DZSI
      Telecommunications Equipment
      Utilities
    • DZS Sells Service Assurance and WiFi Management Software Portfolio to AXON Networks

      DALLAS and IRVINE, Calif., Oct. 16, 2024 (GLOBE NEWSWIRE) -- DZS (OTC:DZSI), a global leader of Networking, Connectivity and Cloud Edge software solutions and AXON Networks (AXON), a global leader of advanced Service Management and Orchestration solutions, today announced the acquisition of DZS' Service Assurance and WiFi Management software portfolio by AXON Networks. The all-cash, $34 million transaction transfers all CloudCheck, Expresse and TruSpeed assets and IP patents to AXON, along with a highly skilled development team and long-time marquee customers. These products will be integrated into AXON's Network-as-a-Service (NaaS) portfolio, while DZS will focus its development and go-to

      10/16/24 8:00:24 AM ET
      $DZSI
      Telecommunications Equipment
      Utilities

    $DZSI
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more

    $DZSI
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • SEC Form SC 13D filed by DZS Inc.

      SC 13D - DZS INC. (0001101680) (Subject)

      1/16/24 2:02:15 PM ET
      $DZSI
      Telecommunications Equipment
      Utilities
    • SEC Form SC 13G/A filed by DZS Inc. (Amendment)

      SC 13G/A - DZS INC. (0001101680) (Subject)

      2/15/23 7:06:42 AM ET
      $DZSI
      Telecommunications Equipment
      Utilities
    • SEC Form SC 13D/A filed by DZS Inc. (Amendment)

      SC 13D/A - DZS INC. (0001101680) (Subject)

      11/21/22 5:10:58 PM ET
      $DZSI
      Telecommunications Equipment
      Utilities
    • RTA Selects DZS to Bring World-Class Broadband Services to Texas' Bastrop County

       Texas BOOT II funded fiber-to-the-home project to bring symmetrical gigFAST INTERNET® to over 10,000 rural locations DALLAS, Feb. 26, 2025 (GLOBE NEWSWIRE) --   DZS (OTC:DZSI), a developer of Network Edge and Connectivity systems and Cloud Edge software solutions enabling broadband everywhere, today announced that Rural Telecommunications America (RTA), a leading provider of next-generation internet services to rural communities across the United States, has chosen leading-edge DZS Velocity fiber access systems and Helix connected edge Wi-Fi solutions to deliver "gigFAST® " internet services to 10,471 unserved rural broadband subscriber locations in Bastrop County, Texas. RTA, which

      2/26/25 8:00:00 AM ET
      $DZSI
      Telecommunications Equipment
      Utilities
    • DZS FiberLAN Empowers One of Israel's Most Innovative Hospitality Venues with State-of-the-Art Communications Capabilities

      DALLAS, Dec. 16, 2024 (GLOBE NEWSWIRE) -- DZS (OTC:DZSI), a developer of Network Edge and Connectivity systems and Cloud Edge software solutions enabling broadband everywhere, today announced that The George, a state-of-the-art hospitality venue in the heart of Tel Aviv, Israel, is leveraging DZS FiberLAN technology as the backbone of its next-generation communications infrastructure. Powered by Gigabit Passive Optical Networking (GPON) technology capable of delivering gigabit services to every room, meeting area, office, entertainment venue, and restaurant throughout the building, FiberLAN has helped The George rapidly stand-out as a preferred destination for visitors and locals within Te

      12/16/24 8:00:00 AM ET
      $DZSI
      Telecommunications Equipment
      Utilities
    • DZS Sells Enterprise IoT Portfolio to Lantronix for $6.5 Million

      DALLAS, Nov. 07, 2024 (GLOBE NEWSWIRE) -- DZS (OTC:DZSI), a developer of Networking and Connectivity systems and Cloud Edge software solutions enabling broadband everywhere, today announced the sale of its enterprise Industrial Internet of Things (IoT) solutions portfolio to Internet of things and remote environment management leader Lantronix. The all-cash, $6.5 million transaction transfers the DZS portfolio of Industrial IoT solutions to Lantronix as well as the associated development, product and sales resources. The divestiture strengthens DZS' balance sheet and enables the company to focus its development and sales resources on its core Networking, Connectivity and Cloud Edge Softwar

      11/7/24 4:05:00 PM ET
      $DZSI
      Telecommunications Equipment
      Utilities