-----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, KEECesZkltnRHKutJsGSdg1vHXWzbLwJz/13aBgB3qdOA4bNjYx038azeb+uZdyd CI8m/vEXC5BnBydQSXH5Og== 0000950148-00-000703.txt : 20000414 0000950148-00-000703.hdr.sgml : 20000414 ACCESSION NUMBER: 0000950148-00-000703 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000410 ITEM INFORMATION: FILED AS OF DATE: 20000413 FILER: COMPANY DATA: COMPANY CONFORMED NAME: METACREATIONS CORP CENTRAL INDEX KEY: 0000919794 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 954102687 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-27168 FILM NUMBER: 599767 BUSINESS ADDRESS: STREET 1: 6303 CARPINTERIA AVE CITY: CARPINTERIA STATE: CA ZIP: 93013 BUSINESS PHONE: 8055666200 MAIL ADDRESS: STREET 1: 6303 CARPINTERIA AVE CITY: CARPINTERIA STATE: CA ZIP: 93013 8-K 1 FORM 8-K (DATED APRIL 10, 2000) 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): April 10, 2000 METACREATIONS CORPORATION (Exact name of registrant as specified in its charter) Commission file number 0-27168 Delaware 95-4102687 (State of incorporation) (I.R.S. Employer Identification Number) 6303 Carpinteria Ave, Carpinteria, CA 93013 (Address of principal executive offices) (805) 566-6200 (Registrant's telephone number, including area code) 2 ITEM 5. OTHER EVENTS The purpose of this Form 8-K is to file a press release issued by MetaCreations Corporation ("MetaCreations") on April 10, 2000, announcing the appointment Bob Rice as President and Chief Executive Officer of MetaCreations. A copy of the press release is filed herewith as Exhibit 99.1 and is hereby incorporated by reference to this Item 5. 2 3 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. METACREATIONS CORPORATION (Registrant) Date: April 11, 2000 /s/ JAY W. JENNINGS -------------------------------------- Jay W. Jennings Vice President, Finance and Operations 3 4 INDEX TO EXHIBITS Exhibit Number Description - ------- 99.1 Press Release dated April 10, 2000, announcing the appointment of Bob Rice as President and Chief Executive Officer of MetaCreations. 4 EX-99.1 2 ADDITIONAL EXHIBIT 1 EXHIBIT 99.1 - ------------ FOR IMMEDIATE RELEASE METACREATIONS APPOINTS BOB RICE PRESIDENT AND CHIEF EXECUTIVE OFFICER Announcement Coincides with MetaCreations' Divestiture of Graphics Software Business CARPINTERIA, CA, April 10, 2000 -- MetaCreations Corporation (Nasdaq: MCRE) today announced the appointment of Bob Rice as president and CEO, expanding his current role as president and CEO of its subsidiary company, Metastream Corporation. Rice replaces Mark Zimmer, who resigned earlier today concurrent with the final divestiture of MetaCreations' prepackaged software products. In related news today, MetaCreations and Corel Corporation jointly announced Corel's acquisition of several graphics products from MetaCreations. Under this agreement, Corel has purchased KPT(R), KPT Vector Effects(R), Bryce(R) and MetaCreations Painter(tm) Separately, Adobe Corporation has acquired Carrara(tm) and Canoma(tm) as earlier announced, in connection with Adobe's strategic e-commerce partnership with Metastream Corporation. In addition, MetaCreations plans to announce the acquisition of Poser(R) and Office Advantage(tm) later this week. The appointment of Bob Rice as president and CEO of MetaCreations in conjunction with MetaCreations' divestiture of its graphics software business represents a further advance in the company's strategic repositioning around the e-commerce visualization technologies of its subsidiary, Metastream Corporation. As was announced in December of 1999, MetaCreations will focus exclusively on the goals and objectives of Metastream, which include promoting the adoption of its Metastream technology as the industry leading Web-based marketing visualization solution. "The objectives of Metastream and MetaCreations are now one in the same: to promote the Metastream technology as the industry standard in providing marketing visualizations solutions for e-commerce," said Rice. "I am excited to lead both companies in our mutual goal and feel absolutely confident that we have the products, the people, and the strategic focus to capitalize on an explosive market opportunity." Mr. Rice has a long association with MetaCreations, having served as vice president and chief counsel of strategic affairs subsequent to MetaCreations' acquisition of Real Time Geometry and the Metastream technology in December 1996. As president and CEO for Metastream Corporation, he has spent the past eight months establishing the company's dominant position in the market for 3D e-commerce visualization solutions. Prior to joining RTG, Mr. Rice was a partner at the international law firm of Milbank, Tweed, Hadley and McCloy, where he advised on various types of corporate transactions and issues, including capital markets, mergers and acquisitions, and tax matters. He attended college and law school at Florida State University, graduating with various honors and serving as an editor of the Law Review, and is a member of the New York and Florida Bar Associations. Mark Zimmer, a well-known visionary of the graphics industry and the primary author of Painter, is now in the process of founding fractal.com, a California Corporation, together with co-founders Tom Hedges and John Derry. fractal.com will provide new technologies and products for the new millennium. As the original creators of the graphics package Painter, fractal.com's founders will initially provide consultation to Corel in the development of Painter 7. "Painter's heritage of Natural Media(R) tools and incredible creative content is well served by Corel's acquisition," said Zimmer. 2 About MetaCreations Corporation MetaCreations Corporation is focused on providing marketing visualization solutions for the World Wide Web and the company's Internet strategy is being executed through its subsidiary, Metastream Corporation. MetaCreations owns 80% of Metastream Corporation and is headquartered in Santa Barbara County, California. MetaCreations can be reached on the Web at www.metacreations.com. About Metastream Corporation Metastream Corporation is the leading provider of marketing visualization solutions and services that enable on-line retailers to host interactive product presentations on the Internet. Metastream's primary initiatives include licensing Metastream technologies for specific e-commerce initiatives, providing a full range of fee-based professional services for implementing these 3-D solutions, and forging strategic alliances with leading interactive agencies and Web content providers. Metastream is eighty percent owned by MetaCreations Corporation and twenty percent owned by Computer Associates International Inc. Metastream is headquartered in New York City. Additional information about Metastream is available at www.metastream.com. This release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially as a result of a number of risks and uncertainties affecting the Company's business. Such risks include, but are not limited to, the following: no assurance that the acquisition of Poser(R) and Office Advantage(R) will be announced later this week, that Metastream technology will become the industry standard in providing marketing visualizations solutions for e-commerce, that MetaCreations and/or Metastream will be able to capitalize on an explosive market opportunity. For a more detailed discussion of factors that affect MetaCreations' operating results, interested parties should review MetaCreations' SEC reports, including MetaCreations' Annual Report on Form 10-K for the year ended December 31, 1999, and Quarterly Reports on Form 10-Q. MetaCreations, Metastream, Kai's Power Tools (KPT), KPT Vector Effects, Bryce, MetaCreations Painter, Carrara, Canoma, Poser and Office Advantage are either registered trademarks or trademarks of MetaCreations Corporation. All other products, fonts, company names and logos are trademarks or registered trademarks of their respective owners. Note to Editors: See separate release "Corel Completes Strategic Acquisition of Professional Graphics Products from MetaCreations" # # # Contact Information: Betty Franklin MetaCreations Corporation 805/566-6289 bettyf @metacreations.com Maria Poveromo Metastream Corporation 646/485-9115 mariap@metastream.com -----END PRIVACY-ENHANCED MESSAGE-----