-----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, C4hobJKTMMKfRFZZfwEpZ966W8vliq/vwbAusLJNaxX31sKM9pwq74Kp867ZtCRc uOyfJsIlDof+1V9s/Z9krA== 0000950135-97-003666.txt : 19970912 0000950135-97-003666.hdr.sgml : 19970912 ACCESSION NUMBER: 0000950135-97-003666 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970731 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19970829 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: CAYENNE SOFTWARE INC CENTRAL INDEX KEY: 0000880229 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 042784044 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-19682 FILM NUMBER: 97673346 BUSINESS ADDRESS: STREET 1: 8 NEW ENGLAND EXECUTIVE PARK CITY: BURLINGTON STATE: MA ZIP: 01803 BUSINESS PHONE: 6172739003 MAIL ADDRESS: STREET 1: 8 NEW ENGLAND EXECUTIVE PARK CITY: BURLINGTON STATE: MA ZIP: 01803 FORMER COMPANY: FORMER CONFORMED NAME: BACHMAN INFORMATION SYSTEMS INC /MA/ DATE OF NAME CHANGE: 19921111 8-K 1 CAYENNE SOFTWARE, INC. 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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) July 31, 1997 ------------------------------- Cayenne Software. Inc. - -------------------------------------------------------------------------------- (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) Massachusetts 0-19682 04-2784044 - -------------------------------------------------------------------------------- (STATE OR OTHER JURISDICTION (COMMISSION (IRS EMPLOYER OF INCORPORATION) FILE NUMBER) IDENTIFICATION NO.) 8 New England Executive Park, Burlington, Massachusetts 01803 - -------------------------------------------------------------------------------- (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE) Registrant's telephone number, including area code (617) 273-9003 ----------------------------- Not Applicable - -------------------------------------------------------------------------------- (FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT) 2 ITEM 5. OTHER EVENTS. This statement is filed to satisfy a requirement of The Nasdaq Stock Market, Inc. that the registrant, Cayenne Software, Inc. ("Cayenne") make a public filing on or before August 31, 1997 containing a pro forma balance sheet as at July 31, 1997 and demonstrating compliance with all criteria for continued inclusion for listing on the Nasdaq National Market. The required balance sheet is set forth in Item 7(b) below. It reflects pro forma the addition to equity resulting from a private placement of $5,000,000 in shares of Series D Convertible Preferred Stock consummated on August 28, 1997, and shows that Cayenne has pro forma net tangible assets exceeding $4,500,000. In addition, Cayenne meets the quantitative NMS maintenance criteria provided in Nasdaq Rule 4450 as follows: Shares publicly held (total outstanding less shares held by 15,926,199 directors and officers) at August 27, 1997 Market value of publicly held shares @ $2 9/16 $40,810,884 Record shareholders 617 Authorized Nasdaq market makers 25
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. (a) Financial Statements of Business Acquired. Not applicable. (b) Pro Forma Financial Information. CAYENNE SOFTWARE, INC. UNAUDITED PRO FORMA CONSOLIDATED BALANCE SHEET (IN THOUSANDS)
PRO FORMA JULY 31, PRO FORMA JULY 31, ASSETS 1997 ADJUSTMENT 1997 - ----------------------------------------------------------------- -------- ---------- ---------- Current assets: Cash and cash equivalents................................... $ 5,324 5,000 $10,324 Trade accounts receivable, less allowance for sales returns and doubtful accounts of $619 at July 31, 1997 ... 11,777 11,777 Prepaid expenses and other current assets................... 1,540 1,540 ------- ----- ------- Total current assets................................... 18,641 5,000 23,641 Property and equipment, less accumulated depreciation and amortization................................................... 2,614 2,614 Capitalized software costs, less accumulated amortization of $359 at July 31, 1997 ...................................... 441 441 Other assets..................................................... 644 644 ------- -------
-2- 3 Total assets..................................................... $ 22,340 $5,000 $ 27,340 --------- ------ --------- LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Short term debt............................................. $ 3,266 $ 3,266 Accounts payable............................................ 1,908 1,908 Accrued expenses............................................ 895 895 Accrued compensation and benefits........................... 2,797 2,797 Accrued restructuring costs................................. 668 668 Income and other taxes payable.............................. 764 764 Obligations under capital lease............................. 459 459 Deferred revenue............................................ 9,157 9,157 --------- --------- Total current liabilities.............................. 19,914 19,914 Obligations under capital lease.................................. 324 324 Commitments and contingencies Stockholders' equity (deficit): Series C Convertible Preferred Stock, $1.00 par value per share, 150 shares authorized, 100 issued and outstanding at July 31, 1997................................ 100 100 Series D Convertible Preferred Stock, $1.00 par value per share, 300 shares authorized, 250 issued and outstanding at August 31, 1997 ............................. 250 250 Common Stock $.01 par value per share; 52,400 shares authorized; 18,807 shares issued and outstanding at July 31, 1997.............................................. 188 188 Additional paid-in capital.................................. 108,299 4,750 113,049 Accumulated deficit......................................... (106,103) (106,103) Accumulated translation adjustments......................... (382) (382) --------- ------ --------- Stockholders' equity ....................................... 2,102 5,000 7,102 --------- ------ --------- Total liabilities and stockholders' equity ...................... $ 22,340 $5,000 $ 27,340 --------- ------ ---------
Notes are an integral part of the consolidated financial statements. (c) Exhibits. Not applicable. 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. CAYENNE SOFTWARE, INC. Date: August 29, 1997 By: /s/ Frederick H. Phillips ---------------------------- Frederick H. Phillips Chief Financial Officer -3- -----END PRIVACY-ENHANCED MESSAGE-----