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): March 24, 2009

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))

TABLE OF CONTENTS

EX. 99.1 Press Release dated March 24, 2009.

 EX-99.1: PRESS RELEASE

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 24, 2009, Corel Corporation (the “Company”) announced that Joe Roberts, formerly President of Broderbund software, has been hired as the Company’s Interim Executive Vice President, Products, and that Jeff Hastings, President and General Manager, Digital Media of the Company will be leaving the Company effective March 27, 2009 to pursue other opportunities.

Item 9.01 Financial Statements and Exhibits.

     The following exhibits are filed with this Form 8-K:

Exhibit	Description
99.1	Press Release dated March 24, 2009.

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: March 24, 2009

COREL CORPORATION
By:	/s/ Darren Sukonick
	Name:	Darren Sukonick
	Title:	Interim General Counsel

EXHIBIT INDEX

Exhibit	Description
99.1	Press release dated March 24, 2009.

EX-99.1

Exhibit 99.1

For Immediate Release

Corel Hires Former Broderbund President to Lead Global Products Division

OTTAWA, Canada — March 24, 2009 — Corel Corporation (NASDAQ:CREL; TSX:CRE) today announced that Joe Roberts, formerly President of Broderbund software, has been hired as the Company’s Interim Executive Vice President, Products.

An established industry executive with over fifteen years of experience in consumer-oriented software, Roberts was President of Broderbund software prior to it being sold to Riverdeep. At Riverdeep, Roberts served as President, Worldwide Products and Marketing where he was responsible for growing revenue to over $270 million by extending the business into alternative media. After leaving Riverdeep, Roberts served as President of Cosmi Corporation, a leading publisher and distributor of physical and digital PC software solutions. At Cosmi, he played a key role in expanding the company through OEM and e-commerce distribution channels. Most recently Roberts has provided strategic consulting services to a variety of software companies as President of J.D. Roberts Group.

In his new role at Corel, Roberts will lead the Company’s global product management, product development, and product marketing efforts for the Graphics, Productivity and Digital Media businesses, overseeing products such as CorelDRAW^® Graphics Suite, Corel^® Painter™, Corel^® Paint Shop Pro^® Photo, VideoStudio^®, WinDVD^®, and Corel^® WordPerfect^® Office.

“Joe Roberts is an exciting addition to the Corel team,” said Kris Hagerman, Interim CEO of Corel. “His experience in leading global software businesses and his strong track record of designing and delivering innovative, high-quality consumer products will be a great fit for Corel as we look to grow and expand our business.”

The Company also announced today that Jeff Hastings, President and General Manager, Digital Media has resigned and will be leaving the Company effective March 27, 2009 to pursue other opportunities. Hastings will continue to be involved with Corel in the coming months, working with Vector Capital, Corel’s majority shareholder, to identify potential acquisition and partnership opportunities for Corel in the digital media space.

“We thank Jeff for the significant contributions he has made to Corel in developing and executing on our strategy to expand into the digital media market,” added Hagerman. “We appreciate his efforts and wish him well in the future.”

For more information on Joe Roberts, please visit www.corel.com/executivebios

For more information on Corel, please visit www.corel.com or the Company’s Investor Relations website at investor.corel.com.

About Corel

Corel is one of the world’s top software companies with more than 100 million active users in over 75 countries. We develop software that helps people express their ideas and share their stories in more exciting, creative and persuasive ways. Through the years, we’ve built a reputation for delivering innovative, trusted products that are easy to learn and use, helping people achieve new levels of productivity. The industry has responded with hundreds of awards for software innovation, design and value.

Our award-winning product portfolio includes some of the world’s most widely recognized and popular software brands, including CorelDRAW^® Graphics Suite, Corel^® Painter™, Corel DESIGNER^® Technical Suite, Corel^® Paint Shop Pro^® Photo, VideoStudio^®, WinDVD^®, Corel^® WordPerfect^® Office and WinZip^®. Our global headquarters are in Ottawa, Canada, with major offices in the United States, United Kingdom, Germany, China, Taiwan and Japan.

^© 2009 Corel Corporation. All rights reserved. Corel, CorelDRAW, Corel DESIGNER, Painter, Paint Shop Pro, VideoStudio, WinDVD, WinZip, WordPerfect, and the Corel logo are trademarks or registered trademarks of Corel Corporation and/or its subsidiaries. All other product names and any registered and unregistered trademarks mentioned are used for identification purposes only and remain the exclusive property of their respective owners.

CRELF

Press Contact:

Catherine Hughes

613-728-0826 x1659

catherine.hughes@corel.com

Investor Relations Contact:
Doug McCollam
613-728-0826 x 1953

doug.mccollam@corel.com