-----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, LFp/cpbdW+hM8IewTRyS6i5nzj0J33Qg6cIluJFTVq7umxO7JvZJIooirbkRFlN9 vgG5dfQmIHWPE7PDOlB1ow== /in/edgar/work/20000808/0000356028-00-000024/0000356028-00-000024.txt : 20000921 0000356028-00-000024.hdr.sgml : 20000921 ACCESSION NUMBER: 0000356028-00-000024 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000808 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000808 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COMPUTER ASSOCIATES INTERNATIONAL INC CENTRAL INDEX KEY: 0000356028 STANDARD INDUSTRIAL CLASSIFICATION: [7372 ] IRS NUMBER: 132857434 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-09247 FILM NUMBER: 688383 BUSINESS ADDRESS: STREET 1: ONE COMPUTER ASSOCIATES PLAZA CITY: ISLANDIA STATE: NY ZIP: 11788 BUSINESS PHONE: 5163425224 8-K 1 0001.txt 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 August 7, 2000 Date of Report: (Date of earliest event reported) Computer Associates International, Inc. (Exact Name of Registrant as Specified in Charter) Delaware 1-9247 13-2857434 (State or Other Jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) One Computer Associates Plaza, Islandia, New York 11749 (Address of Principal Executive Offices) (Zip Code) (631) 342-5224 (Registrant's telephone number, including area code) Not Applicable (Former name or former address, if changed since last report) Item 5. Other Events. On August 7, 2000, Computer Associates International, Inc. (the "Company") reported a management realignment as well as a strategy to unlock shareholder value through the spinoff of technology that would thrive and flourish on an independent basis while allowing CA's core business to continue to grow. As part of the management realignment, Sanjay Kumar, the Company's current President and Chief Operating Officer, has been named President and Chief Executive Officer. Charles B. Wang, CA's founder and most recently Chief Executive Officer, will continue as Chairman. As an initial step in the startegy to unlock shareholder value, the Company announced the formation of iCan-ASP, Inc. ("iCan-ASP"). iCan-ASP will operate as a wholly owned subsidiary. The Company is retaining the investment banking services of Credit Suisse First Boston and Morgan Stanley Dean Witter to advise on this strategy. Statements in this Item 5 contain "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. There can be no assurances that future results will be achieved, and actual results could differ materially from forecasts and estimates. Important factors that could cause actual results to differ materially include: the significant percentage of CA's quarterly sales consummated in the last few days of the quarter making financial predictions especially difficult and raising a substantial risk of variance in actual results; changes in industry accounting guidance; the risks of potential litigation arising from the year 2000 date change for computer programs; the emergence of new competitive initiatives resulting from rapid technological advances or changes in pricing in the market; the risks associated with new product introductions as well as the uncertainty of customer acceptance of these new or enhanced products from either CA or its competition; risks associated with the entry into new markets such as professional services; the risks associated with integrating newly acquired businesses and technologies; increasing dependency on large dollar licensing transactions; delays in product delivery; reliance on mainframe capacity growth; the ability to recruit and retain qualified personnel; business conditions in the client/server and mainframe software and hardware markets; uncertainty and volatility associated with Internet and eBusiness related activities; use of software patent rights to attempt to limit competition; fluctuations in foreign currency exchange rates and interest rates; the volatility of the international marketplace; and other risks described in filings with the Securities and Exchange Commission. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (a) Not applicable (b) Not applicable. (c) Exhibits. 99.1 Press Release dated August 7, 2000. 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. Computer Associates International, Inc. Dated: August 8, 2000 By: /s/ Ira Zar --------------- Ira Zar Executive Vice President and Chief Financial Officer EXHIBIT INDEX Exhibit No. Exhibit - ----------- ------- 99.1 Press Release dated August 7, 2000. EX-99.1 2 0002.txt PRESS RELEASE DATED AUGUST 7, 2000 Contacts: Bob Gordon Robert Grieves CA Burson-Marsteller for CA +1-631-342-2391 +1-212-614-4388 bobg@ca.com robert grieves@nyc.bm.com ----------- ------------------------- Watch the Press Conference (RealVideo) Questions regarding today's announcement can be sent by email to: aug7ann@ca.com COMPUTER ASSOCIATES APPOINTS SANJAY KUMAR CEO; CHARLES B. WANG CONTINUES AS CHAIRMAN, FOCUSING ON NEW BUSINESS INITIATIVES ISLANDIA, N.Y., August 7, 2000 - Computer Associates International, Inc. (NYSE: CA) today announced that current President and Chief Operating Officer Sanjay Kumar has been named President and Chief Executive Officer, and charged with focusing on CA's core businesses. Charles B. Wang, CA's founder and most recently Chief Executive Officer, will continue as Chairman, and devote his energies to new ventures that will unlock tremendous value for shareholders, clients, strategic partners and employees. This announcement accompanies a general corporate realignment, expected to be completed today, that will allow the company to better focus on its core businesses, support stronger growth markets, enhance client service, and boost efficiency and dedication to quality throughout the organization. "This realignment marks the logical transition from the founder phase of CA to the next level of corporate activity, which is more focused on enhancing shareholder value and is a broader implementation of our vision," said Charles Wang. "We will seek to balance strong revenues from our core businesses with increased value from new ventures that we will launch into the rapidly-evolving technology industry." CA will maintain its commitment to being a worldwide leader in eBusiness software. It will also intensify its focus on its three fastest-growing product areas: security and storage management; network, event and performance management; and application development and business intelligence. Within CA's application development and business intelligence area are Jasmine ii and Neugents, the company's aggressive new solutions that aim to position CA as prominently in the eBusiness world as it has been in enterprise computing. CA will initially focus on delivering greater shareholder value by spinning off technology that would thrive and flourish on an independent basis while allowing CA's core business to continue to grow. As the first step in this strategy, CA today announced the formation of iCan-ASP, Inc. to service the application service provider (ASP) infrastructure marketplace. The ASP marketplace is large and growing rapidly, and iCan-ASP offers new and innovative technologies for providing applications through the Internet, wireless and broadband communications. CA has retained Credit Suisse First Boston and Morgan Stanley Dean Witter to advise on these activities. Nancy Li, Chief Technology Officer of CA, will become iCan-ASP's CEO. Nancy Li's management team will include Doug Robinson, CFO; Mike Her, Research and Development; George Fischer, Sales and Marketing; and Ron Nunn, Business Operations. CA plans to ultimately spin off its desktop accounting business, ACCPAC, and other businesses over time. "Focusing on our fastest-growing businesses is part of CA's continuous evolution in a dynamic marketplace," said Sanjay Kumar. "This announcement reflects our emphasis on driving CA to be more efficient and customer focused, and to heighten awareness of CA's core strengths and innovations. As the dynamic nature of the technology industry creates ever increasing opportunities for growth, we are committed to leveraging these opportunities to create value for shareholders and exciting new opportunities for our employees." About Computer Associates Computer Associates International, Inc. (NYSE: CA), the world's leading business software company, delivers the end-to-end infrastructure to enable eBusiness through innovative technology, services and education. CA has 20,000 employees worldwide and has revenue in excess of $6 billion for the fiscal year ended March 31, 2000. For more information, visit www.ca.com. -----END PRIVACY-ENHANCED MESSAGE-----