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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: March 5, 1998
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INFINIUM SOFTWARE, INC.
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(Exact name of registrant as specified in its charter)
Massachusetts 0-27030 04-2734036
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
25 Communications Way, Hyannis, Massachusetts 02601
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(Address of principal executive offices) (ZIP Code)
Registrant's telephone number, including area code: (508) 778-2000
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ITEM 5. OTHER EVENTS
On February 9, 1998, Infinium Software, Inc. announced the adoption of
a stock repurchase program as described in the press release in the
form attached hereto as Exhibit 99.1, which press release is
incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) EXHIBITS
EXHIBIT NUMBER
99.1 Press Release of Infinium Software, Inc. dated February 9, 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 hereunto duly authorized.
INFINIUM SOFTWARE, INC.
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Registrant
DATED: March 5, 1998 By: /s/ DANIEL J. KOSSMANN
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Daniel J. Kossmann
Vice President and
Chief Financial Officer
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EXHIBIT 99.1
INFINIUM SOFTWARE
PRESS RELEASE
Contacts: Dan Kossmann Michael Greeley
Chief Financial Officer Director of Marketing Communications
Infinium Software, Inc. Infinium Software, Inc.
(508) 778-2000 (781) 684-4527
Email: [email protected] [email protected]
INFINIUM SOFTWARE ADOPTS STOCK REPURCHASE PROGRAM
Hyannis, MA, February 9, 1998 -- Infinium Software, Inc. (Nasdaq:INFM) today
announced that it is initiating a program to repurchase up to $6,000,000 worth
of its common stock, in open market transactions, subject to market conditions
and other factors, on the Nasdaq National Market or in negotiated transactions.
Based on the current market price, the shares subject to repurchase represent
approximately 3% of the current outstanding common stock. No minimum number or
value of shares to be repurchased has been fixed. The Company expects to use the
repurchased stock to meet requirements of its employee stock option and stock
purchase plans. This program is effective immediately and no time limit has been
established for the duration of the repurchase program.
Infinium Software offers a full range of client/server financial, human
resources, materials management, and process manufacturing business
applications. Infinium Software has over 1,400 customers around the world
representing a variety of industries. Infinium Software was ranked 20th by
Business Week Magazine in its 1997 survey of Top 100 Hot Growth Companies.
Founded in 1981, Infinium Software has 19 offices worldwide, with headquarters
in Hyannis, Massachusetts. Infinium Software's web site can be found at
www.infinium.com.
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