8-K 1 v01334_8k.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 DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) JANUARY 21, 2003 Commission File Number 0-15949 INTERNATIONAL MICROCOMPUTER SOFTWARE, INC. (Exact name of registrant as specified in its charter) CALIFORNIA 94-2862863 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) identification No.) 100 ROWLAND WAY, NOVATO, CA 94945 (Address of principal executive offices) (Zip code) (415) 878-4000 -------------- (Registrant's telephone number including area code) ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS International Microcomputer Software, Inc ("IMSI") a leading developer of precision design, graphics, and business productivity software announced on January 21, 2004 that it had entered into a definitive agreement with Aladdin Systems Holding, Inc. to acquire its wholly owned subsidiary, Aladdin Systems, Inc. ("Aladdin"), a developer and publisher of utility software solutions in the areas of information access, removal, recovery, security and distribution of information and data for the Windows(R), Linux(R) and Macintosh(R) platforms. The proposed consideration is a combination of cash, stock and a convertible note with a value of approximately $8 million dollars and an earn-out that could result in an additional $2 million in payments during the next three years The total consideration was based upon an in depth analysis of Aladdin's current and projected business activity. Comparable companies and transactions were also considered in the determination of the total acquisition price. IMSI will rely on its available cash balance upon closing to honor the payment related to the cash component of this transaction. The transaction is expected to close in March 2004 and is subject to customary closing conditions. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS Exhibit Description ------- ----------- 99.1 Press Release announcing the proposed acquisition of Aladdin Systems, Inc. dated January 21, 2004 In accordance with the procedural guidance in SEC Release Nos. 33-8216 and 34-47583, the information in this Form 8-K and the Exhibit attached hereto is being furnished under "Item 7. Regulation FD Disclosure" rather than under "Item 12. Disclosure of Results of Operations and Financial Condition." The information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing. SIGNATURE 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. INTERNATIONAL MICROCOMPUTER SOFTWARE, INC. Dated: January 22, 2004 By: /s/ MARTIN WADE, III --------------------------------------- Name: Martin Wade, III Title: Chief Executive Officer