<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A
AMENDMENT NO. 2
FOR ANNUAL AND TRANSITION REPORTS PURSUANT
TO SECTIONS 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
(Mark One)
X Annual Report Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
For the fiscal year ended December 31, 1997
or
____ Transition Report Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934 For the transition
period from ________ to ___________
Commission File Number 0-28074
SAPIENT CORPORATION
------------------------------------------------------
(Exact Name of Registrant as Specified in Its Charter)
Delaware 04-3130648
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(State or other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
One Memorial Drive, Cambridge, MA 02142
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(Address of Principal Executive Offices) (Zip Code)
(617) 621-0200
--------------------------------------------------
Registrant's Telephone Number, Including Area Code
Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act:
Common Stock, $.01 par value per share
-----------------------------------------------------
(Title of Class)
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes [ X ] No [ ]
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendments to
this Form 10-K. [X]
The aggregate market value of the voting stock held by non-affiliates of the
Company was approximately $422,700,000 on February 27, 1998 based on the last
reported sale prices of the Company's Common Stock on the Nasdaq National Market
on February 27, 1998. There were 24,361,540 shares of Common Stock outstanding
as of February 27, 1998.
----------------
<PAGE> 2
Except as otherwise noted, all information herein gives effect to the
two-for-one stock split effected by the Company as a 100% stock dividend
distributed on March 9, 1998 to stockholders of record on February 20, 1998.
Part IV, ITEM 14 of the Annual Report on Form 10-K of Sapient for the
fiscal year ended December 31, 1997, is hereby amended and restated in its
entirety as follows:
PART IV
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ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K
14(a)(1) FINANCIAL STATEMENTS
The Consolidated Financial Statements filed as part of this report are
listed and indexed on page 14 of the Annual Report on Form 10-K as originally
filed on March 18,1998. Schedules other than those listed in the index have been
omitted because they are not applicable or the required information has been
included elsewhere in this report.
14(a)(2) CONSOLIDATED FINANCIAL STATEMENT SCHEDULES
All schedules for which provision is made in the applicable regulations
of the Securities and Exchange Commission have been omitted because the
information is disclosed in the Consolidated Financial Statements or because
such schedules are not required or are not applicable.
14(a)(3) EXHIBITS
The exhibits filed as part of this Annual Report on Form 10-K are
listed in the Exhibit Index immediately preceding the exhibits. The Company has
identified with an asterisk in the Exhibit Index each management contract and
compensation plan filed as an exhibit to this Annual Report on Form 10-K in
response to Item 14(c) of Form 10-K.
14(b) REPORTS ON FORM 8-K
On December 24, 1997, the Company filed a Current Report on Form 8-K
dated December 15, 1997 announcing under Item 2 (Acquisition or Disposition of
Assets) that the Company had acquired all of the outstanding stock of EXOR
Technologies, Inc. ("EXOR") pursuant to a Stock Purchase Agreement dated as of
December 4, 1997, entered into by and among the Company and each of the
stockholders of EXOR.
The Company filed the following financial statements with the Current
Report on Form 8-K:
Independent Auditors' Report
EXOR Technologies, Inc. Balance Sheets as of December 31, 1996 and
September 30, 1997 (Unaudited)
EXOR Technologies, Inc. Statements of Operations for the year ended
December 31, 1996 and the nine-month period ended September 30, 1997
(Unaudited)
EXOR Technologies, Inc. Statements of Stockholders' Equity for the year
ended December 31, 1996 and the nine-months ended September 30, 1997
(unaudited)
<PAGE> 3
EXOR Technologies, Inc. Statements of Cash Flows for the year ended
December 31, 1996 and the nine-month period ended September 30, 1997
(Unaudited)
EXOR Technologies, Inc. Notes to Financial Statements
Pro Forma Condensed Combining Balance Sheet as of September 30, 1997
Pro Forma Condensed Combining Statement of Operations for the
nine-month period ended September 30, 1997
Pro Forma Condensed Combining Statement of Operations for the year
ended December 31, 1996
Notes to Pro Forma Condensed Combining Financial Statements
- 2 -
<PAGE> 4
SIGNATURES
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Pursuant to the requirements of Section 13 or 15(d) 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.
SAPIENT CORPORATION
By: /s/ Preston B. Bradford
-------------------------------------
Preston B. Bradford
Vice President
Dated: March 26, 1998
- 3 -
<PAGE> 5
EXHIBIT INDEX
Exhibit No. Description
- ----------- -----------
3.1+ Amended and Restated Certificate of Incorporation
3.2+ Amended and Restated Bylaws
4.1+ Specimen Certificate for Shares of Common Stock, $.01 par value,
of the Company
10.1+ Lease between the Company and One Memorial Drive Limited
Partnership, dated March 30, 1994, as amended December 5, 1995,
for offices at One Memorial Drive, Cambridge, MA
10.2+++ Second Amendment to Lease dated April 1997 between the Company and
One Memorial Drive Limited Partnership, dated March 30, 1994, as
amended December 5, 1995, for offices at One Memorial Drive,
Cambridge, MA
10.3+ Lease between the Company and S.P.N.W. Management Associates
Limited Partnership, dated November 2, 1995, for offices at 10
Exchange Place, Jersey City, NJ
10.4+ Lease between the Company and The Prudential Insurance Company of
America, dated July 17, 1995, for offices at 580 California
Street, San Francisco, CA
10.5++++ Stock Purchase Agreement by and among Sapient Corporation and Mark
Hallman, Boyd Scroggins, Carolyn R. Waygood and Charles M. Waygood
dated as of December 4, 1997
10.6+++ Assignment and Assumption of 101 California Lease dated as of
December 9, 1996 between the Company and Tri Valley Growers, for
offices at 101 California Street, San Francisco, CA
10.7+++ Sublease dated as December 20, 1996 between the Company and Dreman
Value Advisors, Inc. for offices located at 10 Exchange Place,
Jersey City, NJ
10.8+++ Sublease dated August 6, 1997 between the Company and Fleet Bank,
N.A. for offices located at 10 Exchange Place, Jersey City, NJ
10.9+++ Sub-Sublease Agreement between the Company and Metro Provider
Service Corporation dated as of April 1, 1997, for office space at
200 West Adams, Chicago IL
10.10*+ 1992 Stock Plan
10.11*+ 1996 Equity Stock Incentive Plan
10.12*+ 1996 Director Stock Option Plan
10.13*+++ 1997 Executive Bonus Plan
10.14+ Revolving Loan Facility with Fleet Bank of Massachusetts, N.A.,
dated July 11, 1994, as amended July 1, 1995 and February 15, 1996
- 4 -
<PAGE> 6
10.15+++ Amendment dated June 30, 1997 to the Revolving Loan Facility with
Fleet Bank of Massachusetts, N.A., dated July 11, 1994, as amended
July 1, 1995 and February 15, 1996
10.16++ Standard Form Employment Agreement between the Company and its
Employees
11+++++ Computation of Shares used in Computing Basic and Diluted Net
Income Per Share
21+++++ List of Subsidiaries
23+++++ Consent of KPMG Peat Marwick LLP
27.1+++++ Financial Data Schedule - Periods Ended December 31, 1997.
27.2** Financial Data Schedule - Periods Ended September 30, 1997.
27.3** Financial Data Schedule - Periods Ended June 30, 1997.
27.4** Financial Data Schedule - Period Ended March 31, 1997.
27.5** Financial Data Schedule - Periods Ended December 31, 1996.
27.6** Financial Data Schedule - Periods Ended September 30, 1996.
27.7** Financial Data Schedule - Periods Ended June 30, 1996.
27.8** Financial Data Schedule - Period Ended March 31, 1996.
- ----------
* Exhibits filed pursuant to Item 14(c) of Form 10-K.
** Exhibits filed herewith.
+ Incorporated herein by reference to the Company's Registration Statement
on Form S-1 (File No. 333-1586).
++ Incorporated herein by reference to the Company's Registration Statement
on Form S-1 (File No. 333-12671).
+++ Incorporated herein by reference to the Company's Form 10-Q for the fiscal
quarter ended September 30, 1997 (File No. 000-28074).
++++ Incorporated herein by reference to the Company's Form 8-K (File No.
000-28074).
+++++ Previously filed.
- 5 -
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