-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Gye+CYMjdg43Bsz7fIwKoKUWVCCngOFPUQGzlbqZLKylJAlDmVQ9tJEu+4gQEewj 9CwPpqZEHrHFoazoicVkEg== 0000950149-04-000722.txt : 20040330 0000950149-04-000722.hdr.sgml : 20040330 20040330165737 ACCESSION NUMBER: 0000950149-04-000722 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20040329 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040330 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CRITICAL PATH INC CENTRAL INDEX KEY: 0001060801 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] IRS NUMBER: 911788300 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25331 FILM NUMBER: 04702093 BUSINESS ADDRESS: STREET 1: 320 FIRST STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: 4158088800 MAIL ADDRESS: STREET 1: 320 FIRST STREET CITY: SAN FRNACISCO STATE: CA ZIP: 94105 8-K 1 f97760e8vk.htm FORM 8-K e8vk
 

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: March 29, 2004
(Date of earliest event reported)

CRITICAL PATH, INC.


(Exact name of registrant as specified in its charter)
         
California   000-25331   91-1788300

 
 
(State or Other
Jurisdiction of
Incorporation)
  (Commission File Number)   (I.R.S. Employer
Identification Number)
     
350 The Embarcadero, San
Francisco, CA
   94105

 
(Address of principal executive
offices)
  (Zip Code)
     
(415) 541-2500

(Registrant’s telephone number,
including area code)

 


 

Item 5. Other Events and Regulation FD Disclosure.

     On March 29, 2004, Critical Path, Inc. (the “Company”) issued a press release announcing the appointment of Mark Ferrer as the new Chief Executive Officer of the Company. The Company’s former Chief Executive Officer, William E. McGlashan, Jr., will continue his role as Chairman of the Board of Directors of the Company. The press release is filed herewith as Exhibit 99.1.

Item 7. Financial Statements and Exhibits.

(c)   Exhibits
 
99.1   Press Release dated March 29, 2004.

2


 

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.

         
    CRITICAL PATH, INC.
 
       
Date: March 30, 2004
  By   /s/ Michael J. Zukerman
     
 
      Name: Michael J. Zukerman
Title: Senior Vice President and
General Counsel

3


 

EXHIBIT INDEX

99.1   Press Release dated March 29, 2004.

4

EX-99.1 3 f97760exv99w1.htm EXHIBIT 99.1 exv99w1
 

EXHIBIT 99.1

(LETTERHEAD)

FOR IMMEDIATE RELEASE
Monday, March 29, 2004

Critical Path Names Mark Ferrer as Chief Executive Officer

William McGlashan Continuing as Chairman of Board of Directors

SAN FRANCISCO (March 29, 2004) – Critical Path, Inc. (Nasdaq: CPTH), a global provider of digital communications software and services, today announced that it has named Mark Ferrer, a 22-year veteran of the software and services industry, as Chief Executive Officer. Effective immediately, Mr. Ferrer is assuming the CEO responsibilities formerly held by William McGlashan, Jr., who is continuing at Critical Path in his role as Chairman of the Board of Directors while also joining TPG Ventures, a leading venture capital firm, as a Managing Director.

     Mr. Ferrer brings an extensive background in sales, marketing and general management. Prior to joining Critical Path, he was the President and Chief Executive Officer at Vastera, Inc. (Nasdaq: VAST), a leader in global trade management software and services. Before that, he served as President of Baan Americas, where he held P&L responsibility for Baan operations in North and South America, and as Chief Operating Officer of Aurum Software (a Baan company), where he was responsible for sales, marketing, services and development. He also held numerous executive sales and marketing positions at IBM, most recently as Vice President, Software Marketing and Sales.

     “I am very proud of Critical Path and all that we have accomplished over the past three years. While I’m reducing my day-to-day role in the company, I plan to remain actively involved as Chairman, helping with strategy and continuing to work with customers and partners,” said Mr. McGlashan. I am extremely pleased that we have been able to attract a leader of Mark Ferrer’s skills and background, and I look forward to working with him.”

     “Throughout his tenure at Critical Path, one of Bill’s key priorities has been to build a management team that is attuned to the evolving needs of the company,” said William Ford,

1


 

Critical Path Names Mark Ferrer as Chief Executive Officer

member of the Board of Directors. “In Mark Ferrer, Bill has brought in somebody with a strong background in sales and marketing to take over operational responsibilities. We are grateful for all that Bill has done for Critical Path and thankful that he is continuing his involvement as Chairman.”

     “I’m very pleased to be joining Critical Path,” said Mr. Ferrer. “I am excited by its products, services and market opportunity and am looking forward to working closely with Bill McGlashan and the entire Critical Path team.”

About Critical Path, Inc.

Critical Path, Inc. (Nasdaq: CPTH) is a global provider of digital communications software and services, headquartered in San Francisco. More information is available at www.criticalpath.net.

Forward-Looking Statements:

This press release contains forward-looking statements by the Company and its executives regarding the performance, security, scalability and interoperability of our product and service offerings, the ability of our customers to achieve cost savings in the provision of services, industry trends, market and customer requirements, the ability of our products and services to meet the business needs of our customers, the market for products and services like ours and the performance of our senior management in achieving strategic goals. The words and expressions “look forward to,” “will,” “expect,” “plan,” “believe,” “seek,” “strive for,” “anticipate,” “hope,” “estimate” and similar expressions are intended to identify the Company’s forward-looking statements. These forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These risks include, but are not limited to, our evolving business strategy and the emerging and changing nature of the market for our products and services, our ability to deliver on our sales objectives, the ability of our technology and our competitors’ technologies to address customer demands, changes in economic and market conditions, unplanned system interruptions and capacity constraints, software and service design defects. These and other risks and uncertainties are described in more detail in the Company’s filings with the U.S Securities and Exchange Commission (www.sec.gov) made from time to time, including Critical Path’s Annual Report on Form 10-K for the fiscal year ended December 31, 2003 and all subsequent filings with the Securities and Exchange Commission (www.sec.gov). The company makes no commitment to revise or update any forward-looking statements in order to reflect events or circumstances after the date any such statement is made.

Note to Editors: Critical Path and the Critical Path logo are the trademarks of Critical Path, Inc. All other trademarks are the property of their holders.

# # #

Contact Information

         
 
  For Reporters and Editors:   For Investors:
  Critical Path, Inc.   Critical Path, Inc.
  Jim Fulton   Investor Relations
   415.541.2524    415.541.2619
  jim.fulton@criticalpath.net   ir@criticalpath.net
  www.criticalpath.net   www.criticalpath.net

2

GRAPHIC 4 f97760f9776000.gif GRAPHIC begin 644 f97760f9776000.gif M1TE&.#EAU`$^`/<`````8P@(:Q`0R$A>R$I>R$IA"DI>RDIA"DQA#$Q MA#$YC#DYA#DYC#E"C$)"E$)*E$I*E$I2E%)2G%):G%I:G%ICI6-CI6-KK6.< MSFMKI6MKK6MSK6N[\[.SL[.WL[.Y\[6Y\[6[\[>[];6UM;6Y];>[];G[];G]][>WM[> M[][G[][G]^?GY^?G[^?G]^?O]^_O[^_O]^_W]^_W__?W__?_____________ M____________________________________________________________ M____________________________________________________________ M____________________________________________________________ M____________________________________________________________ M____________________________________________________________ M____________________________________________________________ M____________________________________________________________ M____________________________________________________________ M____________________________________________________________ M_____________________RP`````U`$^```(_@#C"!Q(L*#!@P@3*ES(L*'# MAQ`C2IQ(L:+%BQ@S:MS(L:/'CR!#BAQ)LJ3)DRA3JES)LJ7+ES!CRIQ)LZ;- MFSASZMS)LZ?/GT"#"AU*M*C1HTB3*EW*M*G3IU"C2IU*M:K5JUBS:MW*M:O7 MKV##BAU+MJS9LVC3JEW+MJW;MPZ#8(%+MZY=AAZ"-,3"(T:+(P91Q(DA4'!# M%&\&HHC!N,7<@X3C&%:(^"[",9/;3(ZR.`9@@IP9/XZ#>:!F@V,8QS@3)[1G M@6U4)X[-.#'H*)(GQ^&AFV#E@EAPFV6C,R]#+#':Q'D38\G!WPYU__;26W'B MZH$M(XQA&`N*R4N$_AL,;Y"[0._58WB)>".PB-.D/GU!S(OC(*U MP!;8*91<60H(0$9.QBW4PA@#G<':8BAH%L1BDL5!VVJD-?88=-*]<8:&]E&( M0E\MB%=092.BX-R%_KDEEV$QE":0>MNM1]"+,\H(FF*#V3A0"\J=T4(<0+(W MY$!+;'C$9U$<@=B'?FWX!@I!1"E0%"9RI081B:D!``!"(*C70MBA@(5R@J&X MFW/4[3;7E(7Y9ML2A/'PIF$HSM4>0GB.`2AJ7&51<_)`9&![8Q(4-Q_F-2 M]AR/>,)9T!E+.'F=;ZH=X=\844P8YZ4!JOFHH&F]462'`BV16)L$'?%L#,JB M*>=!6!0I;1S09FKKHSP6INP80H(+K+#'AGMI56`4(1`1(1!G81Q5])2@@"V. M`=AOB(GZ&VL\R">CH04%',7`NXH[*[AIVI:H6JY1..R\$\.FV!*=2;SN0$$4 MN5RX**QAI&1!'CFQ8,%B6:'!`X-++*10_:"#0$J8@%`5'<@+ZW$#,N=1"9?:_6- M31]!E@JF6828*KVKMR,_U447`H&0@6W*'?1&_KT\W:N0UWXYY[)@?CW*8FLM M\##A@UL7%$7BBP\V)-R]U5KAX2ZSQ2SB,?"0=W?CBO>'J6W=?884'$DH\81`.\`@$!LZ&]1&%\7OY'=1NFL7$\P9 MQ;:1YT<]07<;'60@/$1*9,"WO;$:!9_S3D4Q/D6P!\7&#W3'P0(1`KV1-T1O M=#%_W^&3KW]6:*00@0,0<($:XH"&`UGD#34@CAHR`#^+L$$)Q4O!""3H`II5 M(0T5>2`1E&`$Z%%D>?L+H53>4`("I$`*96#"!@`@`02D8"(/)`X:,@"&X6&D M>^T3R`U>\"4"T(P%_MK+(4384(4D9"!G&0&A")?(%"8(0`%?*(@6%`"`%S8$ M"0]X@4#`X#T;;N1X]XL#&7I(D"<1C*J ML91"TM<1,@1``&@X"!L"8$6&..!+(6E#$N"`D#$"P(<$J<$1DY#&([9Q(DHL M2!"A`#0\2!C(2I`C9_@/! M0KJ@A.\)A`QKO*5$XALD268@'H;-:XT[$F$E9:42=8PV4 M4(";%+4!2AAJ)$?9PQ@GL6=1#/+H&.(HE2-P)D>306AY?"00'`TF:E>RSKSV M1*22]31NS9)2040:A2G-A0>`"8Y'3@D`@<8!!^]T2!E@9@%4DL25L!R(&;.W M$!UDH`8%"4/VG`H1@NIRI!C%$-.RHQ@_"0946.PK3;![42-2U,F-Y=T.-(L:U<(0,J_K$,8C">[#*9&RV+C4VOLQV*G_X^N6'^B6E`UEIYWP.%>F\SN;#2AT/1E,,:S(;!<%MA-_Z=@B_*RB$+Y%SX`0Q>$$,G/`X1"`"KR0(%0$01;W' MP?D!.R(]BM"< M(W,&0)WE_B4I$'`#&E`QW@>23MCN_4L#3.V7(D"0!KR2.#X0]$#Z;'LQVI8@ M.&/!0&39@>5SO+>S)(@:.!^1SX/^^@!WL=^"=$#!R``,C!`#U!_]X<07'`"':`$H21+_1=YE@>#`25]1\2#"I&` M.3B&+_$&"```')`0*?"#$V@0%5A[!I&!4L"!O%<0:=`&6?`E-#`03(5QBP=] M'?`[+7A$SO>"<2"`_L6S>318?3?8()4B=L2420\3$<=4$7SA%\W3'LW4(#,' M,XMD&JSC'25U$(24(9)5=@*!4T%1&9$A7Y6X'=,%$BGA';:A;,T"40D!*F!`QIU<"D5@@TE!N%XL0$C96PI/4A2B5@1PM@%>(0AHL91!'V2#QA1E4 M%RX\91_>`5,_XE,R51Y-=A[Q(QA%(9`$21`&B9!MR(L+ M*1`-"0!N$`<0B8%M*`528)$#D9$0L)%?TI%Q@`0<>'DAB3,9T#Y<5(UQ\`,= MH'R'N)*VEHA?:"$RX`,XT'@)$7/4,2(VTE=]LE`_]QD$I6ZV$EBY&2=C MX!S&>8^-%1A_5)5!`&SJV!V6I2Z=M91L%2W[_L(CCR6.%$$>YM$D+C48*+,D MN!&>S;.87O`AD+0:B&6G?4&G M1V9F3N.;[)$K_7(R_JGH7EBZ,99S.MGU$6N`!#)``S+`!&,6160@8`F6!="# M!EL@8`.Q!CT@`SC@85(@!#W@7U+4`Q/V8/KAJ#3`!(G1!!.&!OF58`GF8?H1 M!E4`!5V0&+A:!2K&!EU0!54@0VD`8VKP!ORE!L;*!FK`K*(7<[IS&@&S!#QE M+*2C,"R3J$@SE7PQ.4_F6=)49F>@%U."79N8-Q^"2%^699DB,N4R9-\!6?;1 M`KA3,E@6$AR%)54I&5AB/GC2K_M:7HSCI[=#75!F;4>#&&4998,Z."?RI_'# MGV1X$3$7`\(Q!I/C-@1[K6:FL993;2C@`:'2!M(Z%Z71;>-&$.?5.LZ1_E[* MY$&@LB0YAS3&)FV5]4>_X37SXVX/-6W6>DP?:UAI,K$>$7."N1ABERVU,["5$V]M^K5F!AM$V::.44DA M15D; MR1"GZQ"'A+4C(9:IRQ2*!P#V=16E.Q3GP[KX^KI=L04<.+M64;NX&[Q-454! MT`.DVXC"F[Q1`0=2$`99`;S*&[W2BX#(.[W6*GN]#@&TV+N]W-N]WON]X!N^ ;XCN^Y%N^YGN^Z)N^ZKN^[-N^[ON^5Q$0```[ ` end
-----END PRIVACY-ENHANCED MESSAGE-----