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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 11, 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-_______.
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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 September 3,
1998 (the "Press Release") announcing the appointment of Kevin McKay to the post
of Chief Executive Officer of 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
September 3, 1998
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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 the Legal Department
Date: September 11, 1998
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Exhibit Index
Exhibit No. Exhibit
99.1 Press Release, dated
September 3, 1998
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EXHIBIT 99.1
SAP AG APPOINTS KEVIN MCKAY TO CHIEF EXECUTIVE OFFICER OF AMERICAS REGION
New Management Team Energized to Lead SAP America into the Next Millennium
WALLDORF, GERMANY -- SEPTEMBER 3, 1998 -- SAP AG, the world's leading
provider of enterprise application software, today announced the promotion of
Kevin McKay to Chief Executive Officer for SAP America, managing all operations
in North and Latin America. McKay has also been appointed to the SAP AG Extended
Management Board. Leveraging his experience as SAP America's chief financial
officer and chief operating officer, McKay will take the helm from Paul Wahl,
who resigned from SAP to lead a Silicon Valley start-up security technology
company. The SAP AG Supervisory Board officially accepted Wahl's resignation.
SAP America President Jeremy Coote also expanded his responsibilities,
taking on responsibility for all of North America as well as the Americas'
training and education business. In addition, Senior Vice President of Finance
John Milana has been promoted to Chief Financial Officer of SAP America. McKay,
Coote and the senior management team remain laser-focused on continued market
share expansion and increased customer satisfaction for the Americas region.
"Paul Wahl was a significant contributor to SAP, starting with the
launch of R/3 and most recently in management of the Americas region," said
Dietmar Hopp, Chairman of the SAP AG Supervisory Board. "His keen interest in
new and emerging technologies led him to pursue his life-long ambition of
bringing a start-up venture with promising technology to market. We wish him
much success in his new endeavor."
"Paul has built a strong and professional organization at SAP America,
headed by Kevin McKay and Jeremy Coote," said Prof. Dr. h.c. Hasso Plattner,
Co-Chairman and CEO of SAP AG. "Kevin has played a significant role in the
Americas region management, building a solid financial, operational and customer
support infrastructure to sustain the sales growth and customer satisfaction
initiatives driven by Jeremy's sales and professional services teams. The
combined team is powerful, and we look forward to the continued success of SAP
in the Americas region."
McKay joined SAP America in 1995 as Chief Financial Officer, and
shortly thereafter took on the additional role of Chief Operating Officer. His
responsibilities included financial, accounting and operational management of
all subsidiaries under the SAP Americas region. His management scope extended
from finance and administration to training, education and customer support, to
information technology and human resources. McKay also worked closely with the
SAP AG team, headed by SAP AG Chief Financial Officer Dieter Matheis, in the
company's recent successful listing on the New York Stock Exchange.
Coote has been a key figure at SAP since 1988, when he joined the
company as the controller of SAP International in Biel, Switzerland. In his
decade at SAP, Coote has served as Chief Financial Officer for SAP America,
followed by his promotion to Executive Vice President and then President
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of SAP America. In addition to spearheading the impressive sales and
professional services organizations, Coote is actively involved with many SAP
customers in their SAP projects, ensuring customer satisfaction and success. In
fact, he was instrumental in the rollout of TeamSAP(TM) and the
AcceleratedSAP(TM) methodology.
ABOUT SAP
SAP is a market and technology leader in client/server enterprise
application software, providing comprehensive solutions for organizations of all
sizes and all industry sectors. Cultivating innovative technologies on a solid
foundation of business experience, SAP delivers scalable solutions that enable
its customers to continually improve upon best business practices. SAP products
empower people to respond quickly and decisively to dynamic market conditions,
helping them achieve and maintain a competitive advantage.
Founded in 1972, SAP is based in Walldorf, Germany, and employs more
than 17,000 people at offices in more that 50 countries who are dedicated to
providing a high level of support and service for the more that 16,000
installations of R/3 worldwide. The SAP World Wide Web site can be found at
http://www.sap.com. SAP AG preference and common shares are listed on the
Frankfurt Stock Exchange as well as a number of other exchanges. In the United
States, SAP American Depositary Receipts (ADRs), each worth one-twelfth of a
preference share, trade on the New York Stock Exchange under the symbol "SAP."
SAP is a component of the DAX of 30 German blue-chip companies.
