UNITED STATES
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): December 28, 2000
QAD Inc.
(Exact Name of Registrant as Specified in Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
000-22823 77-0105228
(Commission File Number) (IRS Employer
Identification No.)
6450 Via Real, Carpinteria, CA 93013
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (805) 684-6614
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events.
In September 1998, QAD Inc.'s board of directors authorized
establishment of a stock repurchase program under which QAD Inc. was authorized
to repurchase up to 2,000,000 shares of our common stock from time to time in
the open market or in privately negotiated transactions. Under the repurchase
program, QAD Inc. repurchased 200,000 shares of common stock during the fiscal
year ended January 31, 1999. On December 28, 2000 QAD commenced additional
repurchases of up to $250,000 worth of its common stock under the program. The
stock purchases are expected to be completed over the next several weeks. QAD
had 33,561,960 shares of common stock outstanding as of November 30, 2000.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Financial Statements
None.
(b) Current Report on Form 8-K
None.
(c) Exhibits
None.
2
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SIGNATURE
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.
QAD INC.
Dated: January 5, 2001 By: /s/ Kathleen M. Fisher
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Kathleen M. Fisher
Chief Financial Officer
