-----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, Ol+lfRl+m5IvEwMODr+gI4T0fVSzrnudryDU4ks7HdVTCv6Wjqdkxv1CkG8k2i1N qHux0750ohRQ6GQBiInPyg== 0000950135-98-005530.txt : 19981026 0000950135-98-005530.hdr.sgml : 19981026 ACCESSION NUMBER: 0000950135-98-005530 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980924 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19981023 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: PROJECT SOFTWARE & DEVELOPMENT INC CENTRAL INDEX KEY: 0000920354 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 042448516 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-23852 FILM NUMBER: 98729839 BUSINESS ADDRESS: STREET 1: 100 CROSBY DR D CITY: BEDFORD STATE: MA ZIP: 01730 BUSINESS PHONE: 6176611444 MAIL ADDRESS: STREET 1: 100 CROSBY DRIVE CITY: CAMBRBEDFORD STATE: MA ZIP: 01730 8-K 1 PROJECT SOFTWARE & DEVELOPMENT, INC. 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 02549 ---------- 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): September 24, 1998 ------------------ PROJECT SOFTWARE & DEVELOPMENT, INC. (Exact name of registrant as specified in its charter) Massachusetts 0-23852 04-2448516 - -------------------------------------------------------------------------------- (State or other jurisdiction) (Commission (IRS Employer of incorporation) File Number) Identification No.) 100 Crosby Drive, Bedford, Massachusetts 01730 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (781) 280-2000 -------------- 2 ITEM 5. OTHER EVENTS. On September 18, 1998, Stephen B. Sayre was elected to the Board of Directors of Project Software & Development, Inc. ("PSDI") as a Class II Director. PSDI issued a press release announcing this event on September 24, 1998. A copy of the press release is filed as Exhibit 99 to this report and is incorporated herein by reference. 2 3 ITEM 7. EXHIBITS. Number Title ------ ----- 99 Press Release of Project Software & Development, Inc. dated September 24, 1998 3 4 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. PROJECT SOFTWARE & DEVELOPMENT, INC. Dated: October 21 , 1998 By: /s/ Paul D. Birch ------------------------------------- Paul D. Birch Executive Vice-President, Finance and Administration and Chief Financial Officer 4 5 EXHIBIT INDEX Pursuant to Item 601 of Regulation S-K Number Title ------ ----- 99 Press Release of Project Software & Development, Inc. dated September 24, 1998 5 EX-99 2 PRESS RELEASE DATED SEPTEMBER 24, 1998 1 Exhibit 99 PSDI Contact: Don Jennings Rob Bloom Lois Paul & Partners PSDI 781/238-5756 781/280-6527 don_jennings@lpp.com rob_bloom@psdi.com PSDI NAMES STEPHEN B. SAYRE TO BOARD OF DIRECTORS BEDFORD, MASS., September 24, 1998 - PSDI (NASDAQ: PSDI), a leading provider of enterprise asset maintenance systems, today announced that Stephen B. Sayre joined its Board of Directors on September 18. Sayre is currently the senior vice president of marketing at Lotus Development Corporation, a 1.5 billion dollar subsidiary of IBM Corporation, where he is responsible for all facets of corporate worldwide marketing. "Steve is a strong leader with a proven track record of success in the software market," said Chip Drapeau, CEO and president of PSDI. "On behalf of the entire Board of Directors, we look forward to leveraging Steve's experience and insight as we expand the MAXIMO footprint into electronic commerce, mid-tier markets and numerous vertical segments." Sayre began his career at General Electric Information Services in Gaithersburg, Maryland, where he worked on the acquisition of a new software business for General Electric. Since leaving General Electric, Sayre has been the senior marketing executive at Cullinet Software, where he ran Latin American operations and vice president at Easel Corp., which he helped lead to a successful IPO. Sayre was also president of Boston Treasury Systems, a client-server financial applications provider before joining Lotus in 1994. Sayre added, "PSDI's current and past success is a testament to its strong market position. I am looking forward to helping PSDI realize its goals and objectives going forward." - more - PSDI/100 Crosby Drive, Bedford, Massachusetts, 01730/ (781)280-2000, http://www.psdi.com 6 2 ABOUT PSDI PSDI develops, markets and supports enterprise asset maintenance software. Businesses, government agencies, and other organizations use MAXIMO to assist them in maintaining highvalue capital assets such as plants, facilities and production equipment. The Company's products are designed to enable customers to reduce downtime, control maintenance expenses, cut spare parts inventories and costs, improve purchasing efficiency, and more effectively deploy productive assets, personnel and other resources. Based in Bedford, Mass, PSDI markets its products through a direct sales force with sales offices throughout the United States, United Kingdom, Argentina, Australia, Belgium, Canada, France, Germany, Hong Kong, India, Mexico, The Netherlands, Sweden, and Thailand, combined with a network of international sales agents. All PSDI news releases are available via the PSDI Home Page at http://www.psdi.com. # # # PSDI/100 Crosby Drive, Bedford, Massachusetts, 01730/ (781)280-2000, http://www.psdi.com 7 -----END PRIVACY-ENHANCED MESSAGE-----