<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
---------------
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) DECEMBER 23, 1997
BEST SOFTWARE, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
<TABLE>
<S> <C> <C>
VIRGINIA 333-33275 54-1222526
(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation or organization) Identification No.)
</TABLE>
11413 ISAAC NEWTON SQUARE
RESTON, VA 20190
(703) 709-5200
(Address, including zip code, and telephone number, including area code, of
registrant's principal executive offices)
---------------
<PAGE> 2
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
c. EXHIBITS
See Index to Exhibits attached
.
ITEM 8. CHANGE IN FISCAL YEAR
Best Software, Inc. announced on December 22, 1997 that its Board of Directors
has approved a change for the end of its fiscal year from March 31 to December
31. As a result of this change, the Company's current fiscal year will be a
nine-month transition year ending on December 31, 1997. The results for the
nine-month transition period will be reported on Form 10-KT no later than March
31, 1998. Thereafter, the Company's fiscal year will run from January 1 through
December 31.
<PAGE> 3
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 each of
the undersigned hereunto duly authorized.
BEST SOFTWARE, INC.
By: /s/ Timothy A. Davenport
------------------------
Timothy A. Davenport
President and Chief Executive Officer
By: /s/ David N. Bosserman
----------------------
David N. Bosserman
Executive Vice President,
Chief Financial Officer and Treasurer
<PAGE> 4
INDEX TO EXHIBITS
Exhibit Number
99.2 Press Release dated December 22, 1997
<PAGE> 1
EXHIBIT 99.2
FOR IMMEDIATE RELEASE
Contact:
David Bosserman Susan Lee
Chief Financial Officer Public Relations
Best Software, Inc. Best Software, Inc.
703-709-5200, ext. 3286 703-709-5200, ext. 3277
e-mail: [email protected] e-mail: [email protected]
BEST SOFTWARE, INC. ANNOUNCES FISCAL YEAR-END CHANGE
RESTON, Va (December 22, 1997) -- Best Software, Inc. (Nasdaq: BEST), a leading
provider of asset, human resource and payroll management software for middle
market businesses, today announced that its Board of Directors recently approved
a change for the end of its fiscal year from March 31 to December 31. As a
result of the change, the Company's current fiscal year will be a nine-month
transition period ending on December 31, 1997. The results for the nine-month
transition period will be reported on Form 10-KT no later than March 31, 1998.
Thereafter, the Company's fiscal year will run from January 1 through December
31.
"We believe that December 31 is a more natural year-end for the Company, as the
December quarter generates the highest revenue and is the end of our customers'
buying season. The change will also simplify communications and eliminate
confusion with analysts, investors and shareholders", stated Tim Davenport,
President and CEO.
ABOUT BEST SOFTWARE
Best Software, Inc., with offices in Reston, Va., St. Petersburg, Fla., and
Ontario, Canada, is a leading provider of asset, human resource and payroll
management software solutions for middle market businesses. Its cost-effective
solutions complement core accounting systems and are scaleable, supporting
Microsoft operating systems including Windows 95 and Windows NT.
For more information, contact Best Software, Inc. at 11413 Isaac Newton Square,
Reston, VA 22090, call 800/368-2405, or visit http://www.bestsoftware.com.
# # #
