8-K 1 a05-15741_18k.htm 8-K

 

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):
August 30, 2005

 

Unify Corporation

(Exact name of registrant as specified in its charter)

 

Delaware

 

001-11807

 

94-2710559

(State or other jurisdiction
of incorporation)

 

(Commission File No.)

 

(I.R.S. Employer
Identification No.)

 

2101 Arena Boulevard

Sacramento, California 95834
(Address of principal executive offices)

 

Registrant’s telephone number, including area code:
(916) 928-6400

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 



 

Item 2.02. Result of Operations and Financial Condition

 

The information in this Form 8-K and the Exhibits attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.

 

On August 30, 2005, Unify Corporation (the “Company”) issued a press release regarding the Company’s financial results for its fiscal 2006 first quarter ended July 31, 2005. The full text of the Company’s press release is attached hereto as Exhibit 99.1

 

In the press release the Company provided certain non-GAAP financial measures, specifically, the reconciliation of Non-GAAP loss from operations to GAAP income from operations for the most recently completed first quarter and first quarter of the prior year.

 

Reflected in the reconciliation were certain adjustments included in the measurement of GAAP income from operations that the Company believes are useful in explaining to investors its income from ongoing operations.  The Company believes this non-GAAP measure is useful because it permits investors to evaluate important operating expense components that may not be apparent from use of the most directly comparable GAAP financial measure.

 

In the conference call referred to in the press release, the Company provided certain non-GAAP financial measures, including, the affect of certain adjustments on GAAP operating expenses in determining non-GAAP operating expenses for the first quarter, which the Company believes is useful because it permits investors to evaluate important operating expense components that may not be apparent from use of the most directly comparable GAAP financial measure.  A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP measures is set forth below:

 

Reconciliation of GAAP Loss from Operations to
Non-GAAP Income (Loss) from Operations

 

 

 

Quarter Ended

 

Quarter Ended

 

 

 

July 31, 2005

 

July 31, 2004

 

 

 

 

 

 

 

GAAP Loss from Operations

 

$

(121,000

)

$

(464,000

)

 

 

 

 

 

 

Acquisition Related Adjustments :

 

 

 

 

 

Earn-out payment

 

112,000

 

 

Amortization of Intangibles

 

30,000

 

 

Non-GAAP Income (Loss) from Operations

 

$

21,000

 

$

(464,000

)

 

 

 

 

 

 

 

 

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ITEM 9.01. Financial Statements and Exhibits

 

c. Exhibits

 

Exhibit
Number

 

Description

 

 

 

99.1

 

Press release dated August 30, 2005

99.2

 

Transcript of Portion of August 30, 2005 Conference Call

 

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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 thereunto duly authorized.

 

Unify Corporation

(Registrant)

 

Date: Sept. 1, 2005

 

 

By:

 /s/  Steven Bonham

 

 

 

 

 

 

Steven Bonham

 

Vice President and CFO

 

(Principal Financial and Accounting Officer)

 

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