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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): August 10, 2000
ARIS CORPORATION
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(Exact Name of Registrant as Specified in Charter)
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WASHINGTON 0-22649 91-1497147
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(State or Other Jurisdiction of (Commission File Number) (IRS Employer Identification
Incorporation) No.)
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2229 - 112TH AVENUE N.E., BELLEVUE, WASHINGTON 98004
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(Address of Principal Executive Offices) (Zip Code)
(425) 372-2747
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Registrant's telephone number, including area code
NONE
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS.
On August 10, 2000, Aris Corporation ("Aris"), through its wholly-owned
subsidiary, Aris UK Limited, entered into a definitive agreement to sell
substantially all of the assets of its European education operations.
Under the terms of the agreement, Aris will receive approximately $11.5
million of which $7.1 million will be paid in cash and the balance in 295,454
shares of Gilat stock. In exchange, the buyer will receive substantially all of
the assets of Aris' UK education operations and all of the outstanding stock of
Aris Computer Services GmbH, which will be sold to John Bryce Training (Europe)
B.V. as part of the transaction. A copy of the definitive agreement is filed as
Exhibit 99.1 to this current report on Form 8-K.
The sale is expected to be completed on September 15, 2000, or as soon
as practicable thereafter.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
99.1 Asset Purchase Agreement dated August 10, 2000 by and among,
Aris UK Limited, a Company incorporated in England and Wales,
Gilat Communications Ltd., an Israeli corporation, John Bryce
Training Ltd., an Israeli corporation, Winford Management
Limited, a Company incorporated in England and Wales and John
Bryce Training (Europe) B.V, a Dutch company.
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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.
ARIS CORPORATION
By: /s/ D. Gamache
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Diane Gamache, CPA
Chief Financial Officer
Dated: August 30, 2000
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EXHIBIT INDEX
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Exhibit Number Description
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99.1 Asset Purchase Agreement dated August 10, 2000 by and among, Aris UK
Limited, a Company incorporated in England and Wales, Gilat
Communications Ltd., an Israeli corporation, John Bryce Training
Ltd., an Israeli corporation, Winford Management Limited, a Company
incorporated in England and Wales and John Bryce Training (Europe)
B.V, a Dutch company.
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