8-K

0000950123-07-005425.txt : 20070413 0000950123-07-005425.hdr.sgml : 20070413 20070413165124 ACCESSION NUMBER: 0000950123-07-005425 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070413 ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070413 DATE AS OF CHANGE: 20070413 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COREL CORP CENTRAL INDEX KEY: 0000890640 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 101151819 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20562 FILM NUMBER: 07766370 BUSINESS ADDRESS: STREET 1: 1600 CARLING AVE STREET 2: OTTAWA CITY: ONTARIO CANADA STATE: A6 ZIP: K1Z 8R7 BUSINESS PHONE: 6137288200 MAIL ADDRESS: STREET 1: 1600 CARLING AVENUE STREET 2: OTTAWA CITY: ONTARIO CANADA STATE: A6 ZIP: K1Z 8R7 8-K 1 y33311ke8vk.htm FORM 8-K 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): April 13, 2007

COREL CORPORATION

(Exact name of Registrant as specified in its Charter)


CANADA (State or other Jurisdiction) of Incorporation)		000-20562 (Commission File Number)		98-0407194 (IRS Employer Identification No.)

1600 Carling Avenue
Ottawa, Ontario
Canada
K1Z 8R7
(613) 728-0826
(Address of principal executive offices)

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))

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	Item 9.01 Financial Statements and Exhibits
SIGNATURES
EXHIBIT INDEX
EX-99.1: CANADIAN SECURITIES ADMINISTRATORS NOTICE 57-301

Item 9.01 Financial Statements and Exhibits

The following exhibit is furnished with this Form 8-K:


99.1		Canadian Securities Administrators Notice 57-301 filed on SEDAR April 13, 2007.

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.

Date: April 13, 2007


COREL CORPORATION
By:	/s/ CHRISTOPHER DIFRANCESCO
	Name:	Christopher DiFrancesco
	Title:	Senior Vice President, Legal, General Counsel and Secretary

EXHIBIT INDEX


Exhibit		Description

99.1		Canadian Securities Administrators Notice 57-301 filed on SEDAR April 13, 2007.

EX-99.1 2 y33311kexv99w1.htm EX-99.1: CANADIAN SECURITIES ADMINISTRATORS NOTICE 57-301 EX-99.1

Exhibit 99.1

CSA NOTICE 57-301
Notice of Default (the “Notice”)

1.		Identify the reporting period(s) the company is not able to file financial statements on time for.

		The reporting period for which Corel Corporation (“Corel”) is unable to file financial statements on time is the 3 month period ended February 28, 2007.

2.		Disclose the reason(s) for the default.

		Corel intends to delay the filing of its unaudited interim financial statements for the three months ended February 28, 2007 (the “Financials”) to complete the accounting of its acquisition of InterVideo Inc. on December 12, 2006, specifically regarding the allocation of the purchase price related to the acquisition.

3.		Disclose when the company expects to file the financial statements.

		Corel expects to the Financials no later than April 20, 2007.

4.		Disclose the date that is two months after the filing deadline and state that the securities commissions or regulators may impose an issuer cease trade order (CTO) if the financial statements are not filed by that time. Disclose that an issuer CTO may be imposed sooner if the company fails to file its Default Status Reports on time.

		June 14, 2007 is the date that is two months after the filing deadline for the Financials. The securities commissions or regulators may impose an issuer cease trade order if the financial statements are not filed by that time. An issuer cease trade order may be imposed sooner if the company fails to file its bi-weekly Default Status Reports under the Notice on time.

5.		Confirm the company intends to satisfy the provisions of Appendix B of Notice 57-301 as long as it remains in default of the financial statement filing requirement.

		Corel intends to satisfy the provisions of Appendix B of the Notice as long as it remains in default of the financial statements filing requirement.

6.		Disclose particulars of any insolvency proceeding the company is subject to, including the nature and timing of information that is required to be provided to creditors. Confirm that the company will file material change reports containing the same information it provides to creditors at the same time the information is provided to creditors throughout the period in which it is in default.

		Corel is not subject to any insolvency proceedings.

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7.		Disclose any other material information concerning the affairs of the company that has not been generally disclosed.

		All material information concerning the affairs of Corel has been disclosed to the public.

Date: April 13, 2007

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