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): July 27, 2004
MCAFEE, INC.
(Exact Name of Registrant as specified in charter)
Commission File Number 0-20558
Delaware 77-0316593
(State or other jurisdiction I.R.S. Employer
of incorporation) Identification Number
3965 Freedom Circle
Santa Clara, California 95054
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (408) 988-3832
Item 5. Other Events and Regulation FD
McAfee, Inc. (the "Registrant") determined, on July 26, 2004, that it
would rstate operating results for Q1 2004 and file an amendment to its 10-Q and
the related financials for the period. For Q1 2004, the adjustments will
increase revenue by $2.5 million, reduce expenses by $0.2 million, increase net
income by $2 million and increase diluted earnings per share by $0.01. The
revenue adjustment is being made to properly reflect revenue on a limited number
of products identified by McAfee in the context of its recent review of revenue
recognition procedures. Prior to 2004, sales of these products were not
significant. The expense adjustment relates primarily to a partial reversal of
an expense accrual in the appropriate period based upon its settlement for less
than the amount of the original accrual. These adjustments were discussed by
McAfee's board of directors with McAfee's accountants.
Item 7. Financial Statements and Exhibits.
99.1 Press release dated July 27, 2004, announcing second quarter 2004
results (except with respect to the matters referred to in Item 5,
solely furnished and not filed herewith pursuant to Item 12).
Item 12. Results of Operations and Financial Condition
On July 27, 2004, McAfee, Inc. issued a press release announcing its
second quarter 2004 results. A copy of the press release is attached hereto as
Exhibit 99.1 and, except with respect to the matters referred to in Item 5
above, is hereby furnished and not filed.
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.
MCAFEE, INC.
Dated: July 27, 2004 By: /s/ Stephen C. Richards
---------------------------
Stephen C. Richards
Chief Operating Officer and
Chief Financial Officer
EXHIBIT INDEX
Exhibits.
99.1 Press release dated July 27, 2004, announcing second quarter 2004
results.