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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 (Date of earliest event reported): November 4, 1998
COMMISSION FILE NUMBER 000-22647
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PERITUS SOFTWARE SERVICES, INC.
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(Exact Name of Registrant as Specified in Charter)
Massachusetts 04-3126919
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(State or Other Jurisdiction of (I.R.S. Employer
Incorporation) Identification No.)
Two Federal Street, Billerica, Massachusetts 01821-3540
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(Address of Principal Executive Offices) (Zip Code)
(978) 670-0800
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(Former Name, Former Address and Former Fiscal Year,
if Changed Since Last Report)
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Item 5. Other Events.
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(a) On November 4, 1998, Mr. Allen K. Deary, resigned his offices as President,
Chief Executive Officer and member of the Board of Directors of Peritus
Software Services, Inc. (the "Registrant"). The Board of Directors of the
Registrant immediately appointed Mr. Dominic K. Chan, the Registrant's
Chairman of the Board and Chief Technology Officer as the Company's
President and Chief Executive Officer. The Registrant also announced that
William Verity has resigned from the Board of Directors.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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(a) Financial Statements.
None.
(b) Pro Forma Financial Information.
None.
(c) Exhibits.
99. Press Release dated November 4, 1998.
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.
Dated: November 6, 1998
PERITUS SOFTWARE SERVICES, INC.
BY: /s/ John D. Giordano
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Name: John D. Giordano
Title: Vice President, Finance
and Chief Financial Officer
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
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99 Press Release dated November 4, 1998
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Exhibit No. 99
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CONTACT: John Giordano Jacqueline Crowley
Chief Financial Officer Investor Relations
Peritus Software Services, Inc. Peritus Software Services, Inc.
978/670-0800 978/670-0800
Fax: 978/670-2060 Fax: 978/670-2060
Internet: [email protected] Internet: [email protected]
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PERITUS ANNOUNCES ELECTION OF DOMINIC CHAN AS
CHIEF EXECUTIVE OFFICER AND DELAY IN
RELEASE OF THIRD QUARTER RESULTS
BILLERICA, MASS. -- NOVEMBER 4, 1998 -- Peritus Software Services, Inc. (NASDAQ:
PTUS) announced today that Dominic K. Chan, Chairman of the Board of Directors
and Chief Technology Officer of the Company, has succeeded Allen Deary as
President and Chief Executive Officer. Mr. Deary has resigned as President,
Chief Executive Officer and a member of the Board of Directors. Mr. Chan is a
founder of the Company and was Chief Executive Officer until October 1997. The
Company announced that William Verity has also resigned from the Board of
Directors.
The Company also announced that it is delaying the release of its financial
results for the quarter ended September 30, 1998 pending their final review and
confirmation.
ABOUT PERITUS
Founded in 1991, Peritus Software Services, Inc. is a leading provider of
software maintenance outsourcing services. The Peritus Software Asset
Maintenance (SAM) offerings enable organizations to transform the maintenance
process into an efficient, cost-effective discipline that boosts productivity
and performance. SAM offerings include customized services for software
providers, information systems organizations, and Year 2000 renovations.
Peritus is headquartered in Billerica, MA, with offices worldwide. For more
information, see the Peritus web site at http://www.peritus.com.
This press release may contain certain forward-looking statements, which involve
risks and uncertainties. The Company's actual results may differ materially from
the results discussed in such statements. Certain factors that could cause
actual results to differ materially from those discussed in such forward-looking
statements include the risks described in the Company's Annual Report on Form
10-K for the year ended December 31, 1997, the Quarterly Report on Form 10-Q for
the quarter ended June 30, 1998, and other public filings made by Peritus with
the Securities and Exchange Commission, which factors are incorporated herein by
reference.
Peritus is a registered trademark and Software Asset Maintenance is a service
mark of Peritus Software Services, Inc.
