Item 8.01: Other Events.

At the Adaptec, Inc. ("Adaptec") 2008 Annual Meeting of Stockholders to be held on October 23, 2008, Adaptec's stockholders are being asked to approve proposals that would give authority to Adaptec's Board of Directors to effect a one-for-three, one-for-four or one-for-five reverse stock split at any time prior to Adaptec's 2009 Annual Meeting of Stockholders.

The proposals being considered at the 2008 Annual Meeting of Stockholders do not include a reduction in Adaptec's authorized common stock, which would remain at 400,000,000 shares. However, Adaptec will seek stockholder approval at Adaptec's 2009 Annual Meeting of Stockholders of a reduction in Adaptec's authorized shares of common stock proportionate with any reverse split ratio that the Board implements pursuant to stockholder approval at the 2008 Annual Meeting of Stockholders. Consequently, if Adaptec's Board implements the one-for-three reverse split, stockholders would be asked at Adaptec's 2009 Annual Meeting of Stockholders to approve a reduction in the authorized shares to 133,333,000, if the Board implements the one-for-four reverse split, stockholders would be asked to approve a reduction in the authorized shares to 100,000,000 and if the Board implements the one-for-five reverse split, stockholders would be asked to approve a reduction in the authorized shares to 80,000,000.