SAP AKTIENGESELLSCHAFT SYSTEMS APPLICATIONS PRODUCTS IN DATA
6-K, 1998-09-04
PREPACKAGED SOFTWARE
Previous: DATAWAVE SYSTEMS INC, RW, 1998-09-04
Next: IMPAC MORTGAGE HOLDINGS INC, S-3/A, 1998-09-04



<PAGE>   1
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 6-K

                        REPORT OF FOREIGN PRIVATE ISSUER
                      PURSUANT TO RULE 13a-16 OR 15d-16 OF
                       THE SECURITIES EXCHANGE ACT OF 1934

                        DATE OF REPORT: SEPTEMBER 4, 1998

                             SAP AKTIENGESELLSCHAFT
             SYSTEME, ANWENDUNGEN, PRODUKTE IN DER DATENVERARBEITUNG
             (Exact name of registrant as specified in its charter)

                                 SAP CORPORATION
              Systems, Applications and Products in Data Processing
                 (Translation of registrant's name into English)

                                Neurottstrasse 16
                                 69190 Walldorf
                           Federal Republic of Germany
                     (Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.

            Form 20-F   [X]                     Form 40-F   [ ]

Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

            Yes         [ ]                     No          [X]

If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-_______.
<PAGE>   2
                             SAP AKTIENGESELLSCHAFT
             Systeme, Anwendungen, Produkte in der Datenverarbeitung

                                    FORM 6-K

      SAP Aktiengesellschaft Systeme, Anwendungen, Produkte in der
Datenverarbeitung, a stock corporation organized under the laws of the Federal
Republic of Germany (the "Company"), issued a press release dated August 27,
1998 (the "Press Release") announcing the institution of arbitration proceedings
by FoxMeyer Corp. against SAP America, Inc., a wholly-owned subsidiary of the
Company. The Press Release is attached as Exhibit 99.1 hereto and is
incorporated by reference herein. 

      Any statements contained in the Press Release that are not historical
facts are forward-looking statements as defined in the Private Securities
Litigation Reform Act of 1995. Words such as "believe," "expect" and "project,"
as they relate to the Company, are intended to identify such forward-looking
statements. The Company undertakes no obligation publicly to update or revise
any forward-looking statements. All forward-looking statements are subject to
various risks and uncertainties that could cause actual results to differ
materially from expectations. The factors that could affect the Company's
future financial results are discussed more fully in the Company's most
recently filed Form 20-F and Form F-1, as filed with the Securities and
Exchange Commission on June 24, 1998.


                                    Exhibits

Exhibit No.                                           Exhibit
- -----------                                           -------

99.1                                                  Press Release, dated
                                                      August 27, 1998
<PAGE>   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.


                                    SAP AKTIENGESELLSCHAFT SYSTEME,
                                    ANWENDUNGEN, PRODUKTE IN DER
                                    DATENVERARBEITUNG
                                    (Registrant)


                                    By:/s/ Prof. Dr. Henning Kagermann
                                       -------------------------------
                                       Name: Prof. Dr. Henning Kagermann
                                       Title: Co-Speaker of the Executive Board


                                    By:/s/ Michael Junge
                                       -------------------------------
                                       Name: Michael Junge
                                       Title: Head of Legal Dept.


Date: September 4, 1998
<PAGE>   4
                                  Exhibit Index


Exhibit No.                                           Exhibit
- -----------                                           -------

99.1                                                  Press Release, dated
                                                      August 27, 1998


<PAGE>   1
                                                                    EXHIBIT 99.1

LEGAL ACTION AGAINST SAP AMERICA, INC. UNFOUNDED

Walldorf, August 27, 1998. The bankruptcy trustee of the American company
FoxMeyer Corp. has instituted arbitration proceedings against SAP America,
Inc., the American subsidiary of SAP AG, claiming damages in the amount of US$
500 million. FoxMeyer Corp. was a pharmaceutical wholesaler that went bankrupt 
in 1996. FoxMeyer Corp. alleged that, during the implementation phase of the 
R/3 System, which began in 1993, SAP America, Inc. made false assurances
concerning the functionality of its software. The consulting firm involved in 
implementing the R/3 System and the firm of certified public accountants 
working for FoxMeyer Corp. have already been sued by the bankruptcy trustee, 
each for the same amount.

SAP believes that this action is without merit and at odds with the facts. SAP
believes that it met all of its contractual commitments and plans to 
vigorously defend against the claims.



SAP AG
Corporate Communications




© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission