-----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, IN4W97HozeNFFmMKhBmP9CcSFfKl882OmzKhzkb+D835iFY29Nyr79O9L82BMp2G xIN/zFgl2RRVqUzNkhq4Jw== 0001104659-05-043292.txt : 20050908 0001104659-05-043292.hdr.sgml : 20050908 20050908125048 ACCESSION NUMBER: 0001104659-05-043292 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050901 FILED AS OF DATE: 20050908 DATE AS OF CHANGE: 20050908 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GEAC COMPUTER CORP LTD CENTRAL INDEX KEY: 0001145047 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-50568 FILM NUMBER: 051074716 BUSINESS ADDRESS: STREET 1: 11 ALLSTATE PARKWAY STREET 2: SUITE 300 CITY: MARKHAM ONTARIO CANADA L3R 9T8 STATE: A6 ZIP: 00000 BUSINESS PHONE: 9059403704 6-K 1 a05-15946_16k.htm 6-K

 

SECURITIES AND EXCHANGE COMMISSION

 

Washington, D.C. 20549

 


 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16 OF THE
SECURITIES EXCHANGE ACT OF 1934

 

For the month of: September 2005

 

Commission File Number: 0-50568

 

Geac Computer Corporation Limited

(Translation of registrant’s name into English)

 

11 Allstate Parkway, Suite 300, Markham, Ontario L3R9T8 Canada

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. 
Form 20-F
o Form 40-F ý

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o

 

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o

 

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

 

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes o No ý

 

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-           

 

 



 

On September 7, 2005, Geac Computer Corporation Limited (the “Company”) filed on the SEDAR website maintained by the Canadian Depository for Securities Limited at www.sedar.com a press release, issued on September 7, 2005, with regard to the recommendations of an independent proxy advisory firm and a significant Geac shareholder to vote in favor of the Company’s proposed slate of directors at the Company’s annual meeting of shareholders, scheduled to occur on Tuesday, September 13, 2005.  A copy of this press release is attached as Exhibit 99.1 to this Report of Foreign Private Issuer on Form 6-K.

 

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, thereunto duly authorized.

 

 

GEAC COMPUTER CORPORATION LIMITED 

 

 

 

 

 

 

/s/ Jonathan D. Salon

 

 

 

 Jonathan D. Salon
 Vice President and
 Deputy General Counsel

 

 

Date: September 7, 2005

 

2



 

EXHIBIT INDEX

 

Number

 

Title

 

 

 

99.1

 

Press Release issued on September 7, 2005

 

3


EX-99.1 2 a05-15946_1ex99d1.htm EX-99.1

Exhibit 99.1

 

GLASS LEWIS RECOMMENDS SHAREHOLDERS VOTE “FOR”
GEAC’S SLATE OF DIRECTORS; ONTARIO TEACHERS’ PENSION PLAN ALSO
SUPPORTS GEAC BOARD NOMINEES

 

MARKHAM, ONTARIO and SOUTHBOROUGH, MA, September 7, 2005 – Geac Computer Corporation Limited (TSX: GAC and NASDAQ: GEAC) today announced that Glass Lewis & Co., a leading independent proxy advisory firm, has recommended that its clients vote to elect Geac’s slate of nominees to the Company’s Board of Directors.  In addition, a significant Geac shareholder, the Ontario Teachers’ Pension Plan (“OTPP”), an independent corporation with net assets of approximately $88 billion that is responsible for investing the fund’s assets and administering the pensions of Ontario’s 158,000 elementary and secondary school teachers and 101,000 retired teachers, has said publicly that it will vote for all of Geac’s Board nominees.

 

Geac’s Board nominees last week received the recommendation of Institutional Shareholder Services Canada (“ISS Canada”).  All of Geac’s eight current directors are standing for reelection at the Company’s annual meeting on September 13, 2005.

 

 Glass Lewis stated in its report, “We believe the Company has demonstrated its ability to create real value for shareholders, particularly since the management change in August 2003. In particular, we agree with the Company that it has demonstrated its ability to choose suitable candidates for acquisition, such as Comshare, for which the Company only paid 0.66 times revenue. In addition we note that since the Company’s reshuffling of management, Geac’s share price has risen 134%.”

 

The Glass Lewis report continues, “We do not believe the dissident nominees have demonstrated sufficient cause for removing the incumbent directors. While we understand that Crescendo has some apprehension regarding the sudden availability of a large amount of cash and credit, we believe the board has demonstrated its ability to effectively pursue strategic and accretive business opportunities. It is, in fact, the Company’s commendable performance over the past two years that has generated a good chunk of the available capital.  Furthermore, we find the withdrawal of Crescendo’s previous nominee, Gerry Smith, to be somewhat troubling. The abrupt change of nominees calls into question whether a suitably rigorous process was utilized by Crescendo to identify appropriate candidates.  Accordingly, we recommend that shareholders vote FOR all management nominees, and NOT VOTE the dissident “gold” card.

 

C. Kent Jespersen, Non-Executive Chairman of Geac, said, “This endorsement from Glass Lewis comes on the heels of a similar endorsement that we received last week from ISS Canada. The fact that both Glass Lewis and ISS Canada have recommended our nominees, and that Ontario Teachers’ Pension

 



 

Plan is voting for our full slate, are resounding acknowledgments that this Company and its Board are working in the best interests of shareholders.”

 

Crescendo has targeted two of the current Geac Board members, Michael D. Marvin and Robert L. Sillcox, to be replaced by dissident nominees.  The Board believes these two directors have extensive, highly relevant experience and have made invaluable contributions to Geac.  Geac’s current Board members collectively have extensive industry and corporate governance experience and are dedicated to supporting Geac’s success through responsible and well-considered strategic actions that create and return value to all shareholders.

 

Geac encourages shareholders to vote to reelect Geac’s slate of eight directors.  Shareholders can vote by phone, internet or mail, and instructions can be found on the white proxy form.  If shareholders have questions about voting, they can contact Geac’s proxy solicitor, Georgeson Shareholder Communications, toll-free at (866) 765-7561.

 

About Geac

 

Geac is a leading global provider of software and services for businesses and governmental bodies providing customers with financial and operational technology solutions to optimize their financial value chain.  Further information is available at http://www.geac.com or through email at info@geac.com.

 

This press release contains forward-looking statements of Geac’s intentions, beliefs, expectations and predictions for the future.  These forward-looking statements often include use of the future tense with words such as “will,” “may,” “intends,” “anticipates,” “expects” and similar conditional or forward-looking words and phrases.  These forward-looking statements are neither promises nor guarantees.  They are only predictions that are subject to risks and uncertainties, and they may differ materially from actual future events or results.  Geac disclaims any obligation to update any such forward-looking statements after the date of this release.  Among the risks and uncertainties that could cause a material difference between these forward-looking statements and actual events include, among other things: our ability to increase revenues from license sales, cross-sell into our existing customer base and reduce customer attrition; whether we can identify and acquire synergistic businesses and, if so, whether we can successfully integrate them into our existing operations; whether we are able to deliver products and services within required time frames and budgets to meet increasingly competitive customer demands and performance guarantees; risks inherent in fluctuating international currency exchange rates in light of our global operations and the unpredictable effect of geopolitical world and local events; whether we are successful in our continued efforts to manage expenses effectively and maintain profitability; our ability to achieve revenue from products and services that are under development; the uncertain effect of the competitive environment in which we operate and resulting pricing pressures; and whether the anticipated effects and results of our new product offerings and successful product implementation will be realized.  These and other potential risks and uncertainties that relate to Geac’s business and operations are summarized in more detail from time to time in our filings with the United States Securities and Exchange Commission and with the Canadian Securities Administrators, including Geac’s most recent quarterly reports available through the website maintained by the SEC at www.sec.gov and through the website maintained by the Canadian Securities Administrators and the Canadian Depository for Securities Limited at www.sedar.com.

 

Geac is a registered trademark of Geac Computer Corporation Limited.  All other marks are trademarks of their respective owners.

 



 

*   *   *

 

For more information, please contact:

 

Denise DesChenes or Dan Gagnier of Citigate Sard Verbinnen at (212) 687-8080

 


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